More evidence of the local listing count plunging....and seller price expectations rising! The top 20 toughest housing markets includes a diverse geographic mix of larger established metros and up-and-comers where housing is still relatively affordable. They are...
Market Buzz
What’s Hot
I have to hand it to Brett and team in their preparation of this 1975-built home in Solana Beach. The flooring was removed downstairs, and they added a heavy epoxy paint to the exposed-concrete, which gave it a trendy-hip look to go with the colorful formica in the...
What’s Hot
Richard was the listing agent in 2014 when Tamara's clients paid $620,000 for this 1,296sf Encinitas house built in 1974. At the time, it was tenant-occupied and in its previous condition - I dubbed it a 'light fixer': They put in the work, and listed it last week...
Housing and Pot
From the MND: It seems as though legalized marijuana is said to be good for almost everything. Now a new study from the National Association of Realtors (NAR) has added real estate to the list. The impact is clearer when it comes to commercial properties, but agents...
Birthday
Last year I thought I was taking my birthday off, but by the end of the day I had sold three homes! I don't expect the same action today, but instead we do have a handful of new listings in the works to kick off the selling season. I think the market is going to erupt...
San Diego Detached Homes, 2019
Thanks Jakob for sending in this chart from SDAR, one of the competing realtor associations in San Diego. You can see that we ended 2019 with a bang...at least compared to the end of 2018 which suffered from mortgage rates in the high-4s. It's amazing that we had less...
Early Surge
Last Wednesday I was discussing the current market conditions with Candis while at her listing of a Davidson home on Calle Pera - which we both thought was priced right and should be selling in spite of it being on the market for 50 days. I mentioned to her that it...
‘January is the new April’
The severe shortage of homes for sale is upending the sales calendar for the whole housing market. Spring has historically been the busiest buying season, but as competition for homes heats up across the country, January is the new April. Spring starts now. The...
Leaving California
More publicity on those moving out of California. It makes sense, if you don't mind leaving (hat tip W.C.):
Buyers Starting Earlier
The home-buying season used to kick off sometime in spring, as the snow began to melt and people tried to plan for a summer move-in. But in recent years, the limited supply of homes for sale has spurred buyers to start their hunt earlier and earlier—and now, they're...