The experts say that the majority of homeowners are locked into their homes by their low mortgage rate, and if/when today's high rates come down, then the inventory of homes for sale will bounce back. Boy, are they going to be disappointed. For the last 10-12 years,...
San Diego is the #1 area that homeowners don't want to leave! Don't you get the feeling that we are going to out-perform every other real estate market in America for a long time to come? Today we have 2,293 active listings of attached and detached homes in the county...
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!
