These guys are among the most negative in the business, so if they have San Diego County home prices changing -3.65% between now and the end of 2023, and then -2.9% by the end of 2024, then prices in the better areas will be positive. The most likely to happen is that...
There are still some head-scratchers out there. This just closed on Friday for $3,400,000 - which was $10,000 over list - but it looks like a fixer inside and out compared to the only other Bressi Ranch house to sell above $3,000,000:
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. In the recent years prior to the pandemic, the actives/pendings in Rancho Santa Fe ran at a 10:1 pace. Nobody is in a hurry...
Check out our new listing of a turnkey newer one-story home in Scripps Ranch! 11684 Petenwell Rd., San Diego 92131 3 br/2 ba, 2,207sf YB: 1996 HOA = only $42/month, and no Mello-Roos LP = $1,695,000 We will be open 12-3pm this weekend!...
The doomers are hoping to drive the real estate market into hysterics, just for fun. It's easy for buyers and sellers to get caught up in it too, and think the sky is falling. Let's identify the terms, what doomers want you to believe, and the truth: Inventory Surge...
The latimes continued their assault on the truth today. The number of homes for sale has a major impact on the number of sales. What we've had is an inventory problem, yet they make no mention of it here: Southern California home prices and sales edged lower in June...
We try to talk to potential sellers every day, and their response is universal. When they find out that they will have to pay capital-gains tax when selling - and for most local homeowners it means paying six-figures in taxes - their desire to move cools off quickly....
Today, there are 160 pending listings between La Jolla and Carlsbad, and 36 sales have closed this month so far - and currently, there are 470 active listings with a median list price of $2,997,000. It means that the July sales will be under 200 for the second month...
Paying over the list price must have some addictive qualities! Either that, or the superior homes are still attracting a lot of attention. Well into the higher-rate environment, more than half of the June buyers paid over the list price! Here is the breakdown by...
There are many who insist that real estate will follow its historical trend, and I like to say ‘it’s different now’ just to irritate them. What are the things that are different? Every buyer has had to qualify for their mortgage and use a sizable down payment, the...
