It helps to demonstrate the comps, so I drove by the street that had the most recent sale - $1,470,000 last month for 1,668sf ($881/sf while we're asking $815/sf). Th next-door neighbor confirmed that the new owners are spending another $500,000 for renovations. I...
A great first day of the open house extravaganza in Del Mar:
Our regular commenter elbarcosr backed me up on how wacky the zestimates have been lately. They seem to be getting worse, which is hard to believe. Being a Zillow homer now, I thought I better look into it. Let's serve up a nice big softball. Certainly the zestimates...
There has only been one Sea Village sale in the upper section over the last 3+ years - and this end unit also borders the Torrey Pines State Reserve Extension, which hikers will love! Come by this weekend - the whole team will be out: The zestimate has gone bonkers...
Most national forecasts are predicting a 3% to 4% appreciation rate for 2016, which has to be a safe bet. If it comes in anywhere from -2% to +8%, you can say that you were close. Zillow has enough algorithms that they are willing to make predictions for each local...
Remember the top-of-the-hill Del Mar lot that was auctioned off for $4,000,000, and then they added the 10% vig? http://www.latimes.com/business/realestate/hot-property/la-fi-hotprop-carson-palmer-house-20151123-story.html
The OC Register is reporting that million-dollar sales in Orange County are down 12% this mid-summer. We're watching the sales counts closely, because we know that is the leading indicator for the market. How about our north county coastal region? The OCR only looked...
Almost $2 million for 2br/2ba, 1,468sf - and worth it!
Now that Spence has been featured on every major media outlet as the prince of real estate, the stuff in his book carries more weight - whether it's true or not. He makes the point at every stop that Starbucks is good for real estate values, so....... The owners of...
