We have plunging sales mostly due to plunging inventory! The supply and demand has plunged at the same time, and there is no way to know that if the inventory were to grow, would there be enough buyers to soak it up? Today's inventory is full of the leftovers that...
The incredible part about this sale is that it was listed with a Compass agent previously for $9,800,000. The seller dumped $1,000,000 and listed with a new agent for $8,800,000 and then about a week later dumped again and sold for $6,900,000 cash. He dropped...
The author has been writing about housing for 3+ years, and has already identified the key topic. Even though the houses owned by boomers might be in superior locations, they are dated and in need of repairs and improvements. While she thinks fixers will become...
For virtually everyone - and especially for the long-time homeowners - moving is a life-changing event. People are already having a life-changing event, and that's what is causing them to move. Just getting older is life-changing! Selling the house and moving is the...
How prepared is the real estate market for unpredictable black swan events? The 2008 financial crisis gets thrown onto the list, but it was a gray swan that was predictable - and widely discussed for 2-3 years in advance. Things could have been done to avert that...
I have sold two LCV listings this year - here are my results: Both of mine sold in the first week on the market for $100,000 over their list prices. The addresses highlighted in blue here are the group I named the La Costa Valley 6 - the comps that would have given...
PLEASE DO NOT CONTACT ME FOR OPEN HOUSES. Title and Escrow to be seller's choice. Deposit to be in escrow within 48 hours of acceptance and seller has the right to cancel without providing a notice to perform, if the deposit isn't received by escrow within 48hrs. **NO...
As we roll into the Lowball Season, we're reminded of what happened in Carmel Valley at the end of 2022. Everyone's home equity was built up fast and easy over the last 3.5 years, and the more desperate sellers might give it back in big chunks if they had to....and...
I have mentioned repeatedly that the buyer-agent is a dead man walking. All forces within the industry are combining to push the buyer-agent out of the equation, and home buyers will be worse off because they will only have faux representation when buying directly...
The local real estate market between La Jolla and Carlsbad has been fairly healthy lately, and feels in better shape than it did last year at this time when we were still getting over the initial shock or higher rates. How will the rest of this year turn out? The...
