My favorite pet peeve of the media insisting that 'home prices' and market conditions are interchangeable with the direction of the median-sales-price made the front page of the newspaper today....
San Diego County Real Estate, August 2021
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Thinking of Buying?
Pacaso Strikes A Nerve
They will get some flak in the tony areas but it's a great way to make 12% commissions on expensive luxury properties ($2,000,000+ minimum) plus management fees. An excerpt: Pacaso announced today that annualized revenue run rate has hit $330 million. In the second...
Skip the Bidding Wars
Are you thinking of going somewhere that doesn't have bidding wars? You need to go a ways! Just in case you haven’t heard, snagging a well-priced home in today’s real estate market can feel a bit like winning Powerball. It’s all about beating sky-high odds. Scant...
Multi-Gen Demand
The new NAR report on the characteristics of homebuyers was released today. Let's note how many homes were bought to accommodate kids moving back home - or who never left. Past generations never had to worry about kids moving out when everybody could afford a home....
How Much Over List?
We've had 208 closed SFR sales between La Jolla and Carlsbad this year. How crazy is it? Eighty homes sold over the list price, which is 38% of the total number of sales. Of those, most were just $10,000 to $50,000 over list, but there were some big bombers: Most %...
Tips for Homebuyers
Ten Tips for Homebuyers
Inventory By Area
What's it like being a home buyer today? It's a bonanza if you are in the multiple-millions category - there are hundreds of choices! If you want to stay under $1,500,000, the inventory looks bleak: NSDCC Active Inventory Town or Area Zip Code Actives Under $1.5M...
Will Prop 19 Increase Inventory?
The U-T asked their twelve real estate experts about the effects of Prop 19: Q: Will Prop. 19 substantially increase home inventory in California? Of the local experts, 11 out of 12 said NO, and the justification for the one YES answer could have been just as easily...
Community Property with Right of Survivorship
Question: Our house was titled “joint tenant with right of survivorship” after my husband inherited the property in 1998. We were not married at the time. However we legally married in 2013. Will one of us get the step-up in tax basis when the other passes, or do we...
Wildfire Risk
We featured this website previously, but as more people think about moving to the sticks, let's note the counties with the highest wildfire risk.....I didn't expect VenCo to rank so high! https://climatecheck.com/
