A nice combo pack here with two bedroom suites downstairs and private pool. It's a little light on the premium upgrades but it had enough dazzle to attract multiple bidders. This was a standard tract house when sold new for $422,500 in 2000:
How did the local home prices go up 40% in two years? The low rates helped buyers lose their minds, but it was more attributable to how we price homes. When there was a sale that was 10% or more above comps, it became the new standard - and made the next seller so...
The number of active (unsold) listings has been on the rise, and is now 13% higher than it was a month ago - though I would still characterize the current market conditions as steady. Compare your stats from this month to last June and July when higher rates had begun...
These charts and graphs get updated on the first of the month, so let's take in the latest data. Everyone laments the general lack of inventory, but can we break it down further? Yes indeed - and let's note that the higher-end inventory was bustling during the...
I'm going to guess that half of the total NSDCC transactions are estate sales - only because nobody else wants to sell. We're going to see a lot more like this one - no real improvements except for a few windows: LP = $1,300,000 and SP = $1,480,000!
Here's another example of how the frenzy has taken a different path in each area. Carlsbad, Encinitas, La Jolla and Rancho Santa Fe are rolling along with about the same or more pendings than last month - which should have been the peak - but the wheels have come off...
We closed escrow yesterday in La Costa Valley! The seller is a bubbleinfo reader so obviously we have analyzed our results carefully over the last month. We felt that we did everything right in preparing what we thought was a superior home in the tract and utilized an...
To hear more stories like this and a wide array of opinions, click here: https://twitter.com/SullyCNBC/status/1649240769658605570 Remember when I was on CNBC with Sully in 2011? He used to live in Carmel Valley!
In this graph from two weeks ago we saw that there were 28% of the NSDCC detached-home sales in March that closed over their list price. Because it's one of my favorite ways to judge the market conditions, I did a check on the numbers for April so far: NSDCC April...
My one post-frenzy prediction was that there wouldn't be any more sales under $2,000,000 in the Davidson-built Starboard tract in La Costa Oaks (the last was $2,150,000 in October). We've finally had a closing here in the middle of April. They had to knock off $4,000...
