There is plenty of interest in home-buying but the number of showings has been dropping in the state. It may be due just to pricing - today there are only TWO homes for sale between Carlsbad and La Jolla that are priced under $1,000,000. One is a short-sale, and the...
To help get a sense of the frenzy conditions, let’s monitor the number of active & pending listings per area. If the active (unsold) listings start to rise, we will know that pricing is becoming an issue. But so far, the demand for detached homes between Carlsbad...
If you enjoy reading stories on the real estate insanity around the state and elsewhere, here's a solid collection of 100+ over-list examples and buyer despair: https://twitter.com/sallykuchar/status/1396863249409183752 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
For us data geeks, here are some raw numbers to ponder. Between La Jolla and Carlsbad, there are three prime zip codes - 92009 (SE Carlsbad), 92024 (Encinitas), and 92130 (Carmel Valley) - that are the dominant target zones for buyers of the mid-range home (which...
Here's a great snapshot of how the vast majority of listing agents handle multiple offers. They just grab one, and kiss off the rest - which isn't good for the sellers, it's not good for the losing buyers who might have made a better offer if there was a...
The frenzy conditions have been building for years - see this old blog post from 2017 (above). We were discussing it all through the second half of last year that the 2021 Frenzy was going to be huge, and the signs were so obvious that even Ray Charles could see them!...
I've been leaving my buyer & seller tips for dealing with frenzy on our Instagram Reels @klingerealtygroup. Here is a compilation of ideas you might not hear elsewhere:
The California Dept. of Public Health has just updated its guidance on open houses, and further updates are pending. The following is now on live on the COVID-19.ca.gov website. C.A.R. will be providing more details regarding this guidance so that REALTORS® are in...
To gauge the frenzy intensity, let's monitor the number of active and pending listings per area. If the count of unsold homes starts to rise, we will know that pricing is becoming an issue. NSDCC Actives and Pendings Town or Area Zip Code Actives/Pendings, Feb 2nd...
For months the talking heads have cited the ultra-low rates, the shortage of new homes being built, stock market, millennials, covid, etc. as reasons why the real estate market has exploded. Let's add a few no-so-obvious reasons. Did we fully recover from the last...
