So our NSDCC market is cooking....is the amount of inventory to blame? One-third of 2017 is complete - let's compare it to recent years: New Listings Between January-April Year New Listings, Jan - Apr New Listings in April only 2013 1,822 534 2014 1,746 511 2015 1,747...
The market is sizzling, and it could kick up to another level if there were just more homes to sell! Here is a comparison of today's inventory to previous years (the lower-end is selling fast!): NSDCC Active Inventory - Second Week of April Year $0-$800K $800K-$1400K...
Hat tip to Richard: https://www.wsj.com/articles/jersey-city-creates-no-knock-registry-as-relief-from-realtors-1490741911 Longtime homeowners in Jersey City, N.J., are trying to put the kibosh on endless aggressive real estate solicitations sparked by a hot property...
An article from cbsnews.com - get good help! http://www.cbsnews.com/news/buying-a-home-in-2017-prepare-for-battle/ An excerpt: “Home buying is about substantive economics, but it’s also got an element of ‘animal spirits,’” said its President Steve Udelson. “In some of...
We are used to headline porn, but this one sounds startling - are we having a Severe Housing Drought? http://www.cnbc.com/2017/03/23/this-is-whats-behind-the-severe-housing-drought.html In the article, she says that nationally we have the fewest homes for sale than at...
Local home prices are surging - read more of Rich's analysis here: https://piggington.com/february_housing_data_big_jump_prices_inventory_approaching Save
Let's use the $1,400,000 price point to show how hot the lower-end market is between Carlsbad and La Jolla. When the active and pending listings are running at a 2 to 1 clip, I consider the market to be relatively healthy - and when you look at our overall market, we...
Everything about the real estate market favors those who got in years ago (location, zoning, traffic, property taxes, etc.). Today's desperate search for reasonably-priced housing is futile at best, and invites table-tilting by all involved. The rich get richer! Hat...
They are re-hashing an old 2016 article here, and I'd like to add: Homebuyers want quality at a fair price - that's all. http://www.businessinsider.com/death-of-suburbia-series-overview-2017-3 An excerpt: The cheaply constructed mansions of old are plummeting in value...
This is a great example of the entry level of Carmel Valley detached-homes. A typical 3br/2.5ba, 1,763sf tract house from 1986 - it listed for $895,000, and sold in six days for $890,000, or $505/sf:
