Check out our new listing in La Costa Valley! 2150 Corte Cidro, Carlsbad 92009 5 br/4 ba, 2,631sf 0.23-acre lot HOA + MR = $202/mo LP = $2,100,000 Open house 12-3pm on Saturday and Sunday, May 20th & 21st! Are you looking for the ultimate entertainer's home with...
Jim’s Take on the Market
Frenzy Monitor
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...
Plunging Inventory
Last April was peak frenzy, and a main contributor was the lack of inventory....and there were 48.2% fewer listings last month? Holy Cow! This is primetime selling season and if there aren't homes for sale now, how much worse will it be the rest of the year? Here's...
Subdued Frenzy
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...
Here’s What’s Coming
I could not feel more certain about this conclusion:
Spring Upswing
In spite of higher rates, the spring selling season has delivered, though the second half of 2023 is TBD. Thanks Steve Harney and Ryan Lundquist for the graphics!
Housle
For those of you who are into Wordle, there is a real estate version: https://housle.house/ Users are first given an image of a house with a one-sentence clue and asked to type in their guess. With every wrong guess, more clues — including location, square footage, or...
Buy An Older Home
The main cause of the ultra-low inventory is from homebuyers purchasing their forever home - whether they knew it at the time, or not. Between today's higher rates and the difficulty of buying a better home, just about everybody is stuck in their current house. How...
San Diego Active Inventory
Here is Bill's second look at the active inventories with more metros added. It is incredible how inventory is exploding elsewhere, yet San Diego has fewer homes for sale now than during last year's uber-frenzy. The Atlanta metro population is 6,144,050 which is...
Market Check
The recent bounce-back has been impressive with 183 NSDCC closings in March, which is better than the sluggish start that I expected. The 101% looks like a good sign too. Was it an overall market improvement that will keep growing? Or just a lucky stretch of...