Our friends at reason.com shine the spotlight on this dubious topic; realtor advertising claims - an excerpt: A recent newspaper included a glossy magazine with an article urging me to run out and buy a house — fast! “Thanks to historically low interest rates,...
For the daredevil sellers who recognize that this is an ideal time to sell, yet want to wait and see if the market will goose itself higher, what are the indicators to watch? 1. We've been tracking the NSDCC active inventory this year, and it hasn't been growing much...
Sellers need a listing agent who can handle this effectively: Becoming a homeowner may be getting more difficult for San Diego buyers. With multiple offers and low housing inventory, sellers are starting to ask buyers to submit offers without an appraisal contingency,...
Around Carmel Valley, 92130 it looks like we regained the ground lost over the last couple of years, and buyers are back to paying $340/sf. On the MLS, there are 72 active listings, and their median list price is $1,422,999 - with only 18 houses for sale under...
Let's look at the detached-home sales closed over the last 30 days and compare the sales prices to the list prices. Carmel Valley, 92130 Feb 28 - Mar 30 Category 2012 2013 Chg # of Sales 34 49 +44% Median SP $927K $885K -5% Avg $/sf $324 $355 +10% SP:LP 95% 98% +3%...
For those who were thinking of sauntering in to this new development later this year to buy a house, it doesn't look good. Those on the waiting list won't be peeling off to buy similarly-priced resales around Carmel Valley, because there is no comparison:
Rancho Penasquitos is a real sweet spot for mid-range homes these days:
A scarcity of homes for sale and record-low mortgage rates are setting up for a bullish real estate market, Zelman & Associates CEO Ivy Zelman said Thursday on CNBC. "I think we're in nirvana for housing," she said. "I think that I have to tell you, I'm probably...
Peak pricing is approaching in several spots - how much higher will it go? Buyers would love to see the sales momentum get disrupted, and if something happens they will be happy to hit the brakes. At the same time, those gambling sellers who waited too long will jump...
Those over at cnbc.com are starting to hear about the boom: The first official day of Spring may still be 20 days away, but the Spring housing market is already underway. Buyer traffic is rising along with home prices, but one traditional Spring phenomenon is sorely...
