I swear - I checked it 4 times and it said $437/sf every time, and the 101%! Now it says $387/sf for the 148 sales recorded so far between January 1-30 this year, which means November was an unusual pop above the normal range-bound pricing we have seen lately: I am...
New listings of short sales and REOs are lagging well behind previous years, but non-distressed listings are higher than last January: NSDCC New Listings, January 1-28th: Year Short Sales REOs Non-SSREO Totals 2010 44 15 321 380 2011 40 10 437 487 2012 35 12 327 374...
The local frenzy has been rolling for months now, and we're only approaching the traditional selling season. Here is a sample from an open house last month in Carmel Valley that just closed escrow:
The purpose of this video is to demonstrate the interest in this short-sale on a Wednesday afternoon. These are the confidential remarks in the MLS: AGENTS PLEASE READ! -PLEASE DO NOT CALL AGENT - please text or email agent with questions -offers need to be in by...
Just a few stories from the street - many are not selling too: 1. An agent told me of an Irvine short-sale that he "comp'd" at $550,000, but listed for $525,000. They wanted to make the price attractive to sell it right away, and only did one open house. He had 37...
The Carmel Valley market should bust loose in February when Pardee opens not one but two new tracts - here are the details on the one in PHR: Construction is under way by Pardee Homes at its Watermark, a neighborhood of new luxury homes in the Pacific Highlands Ranch...
What will buyers do when faced with rapidly-rising list prices? We know that sellers are going to be adding more frosting to their already better-tasting cake. Here is the San Diego detached-home graph, showing the recent list prices going through the roof (note how...
Barratt's old Nantucket tract, foreclosed by BofA and then given to Shea Homes for $3,975,000 in March, 2011, is almost completed. This one Leucadia tract exemplifies the bubble experience from the peak in 2007, to where we are today. The house for resale featured...
It's hard to resist jumping on the another-bubble bandwagon when you see houses selling for peak prices and higher - and see sales increasing at the same time. It feels like full-tilt boogie! Let's compare the differences between now and the last bubble: Most obvious...
Prices are coming back, and miraculously you might have another chance. That's right, the price you whiffed at last time is coming your way again - this time be ready, and hit it out of the park. You're not going to get greedy again, are you? Unfortunately, for most...
