Jim’s Take on the Market
The Higher-Inventory Battle
Here's an example of how additional inventory causes commotion in the marketplace. Over the last couple of years, you could put a home up for sale and not have any competing listings around you - and few, if any, recent closed sales either. Buyers and their agents had...
Contest for Padres Tickets
In the last couple of years, we’ve followed how many new listings come to market in January. It’s been a good indicator of what to expect for the Spring Selling Season! In past Januarys, the guesses spanned a reasonable range and usually the winner was somewhere in...
Big Mo in SE Carlsbad
To demonstrate further how the momentum is building, let's look at SE Carlsbad. 4th Quarter SFR Closed Sales Between $2,000,000 and $3,000,000 in the 92009: 2023: 9 2024: 23 The optimism coming off the election helped, because ALL of these went pending since November...
Frenzy Monitor – Big Mo
There are 20% more active listings, and 21% more pendings than we had last December - a monthly trend here in the fourth quarter of 2024 as the demand is keeping up with the supply. Compare it to August when there were 26% more homes for sale year-over-year, but 17%...
Inventory Surge in 2025
My Reasons Why NSDCC Inventory Will Surge in 2025: 1. Been trending that way - there has been 15% more NSDCC homes for sale this year than in 2023. 2. Since October 1st, there have been 90 more listings that cancelled than last year. They'll be back! 3. Prop 19 was...
2025 Price Forecasts
As usual, the pricing forecasts for next year are varied. How do we know what to expect? The average and the median is +3.55%. Two entities picked +2.3%. Just go with the highest at +10.8%? Moody's, the leader of the Doom Squad, just couldn't say flat. They had to go...
Pick Two
There is a saying in real estate that buyers can pick two of three: Size, Condition, Location. I'm going to modify it slightly, because price should be in there. Home Buyers - Pick Two: Price, Condition, Location. If a buyer wants a home in fantastic condition and in...
Buyer-Agent Commissions, Nov
As of August 17th, home sellers are not required to pay the buyer-agent's commission. Listing agents are forbidden from mentioning any compensation being offered to the buyer-agents in the active listings, but the CRMLS requires that the amount that was paid is posted...
Happy Thanksgiving!
We are eternally grateful for all the generous support of Mama's Kitchen. This year we distributed 92 pies and had another $1,700 in contributions that will enable Mama's to provide about 1,740 medically-tailored meals to the critically ill in San Diego!...
