Rich has done a fantastic summary on the San Diego real estate bubble - read more here: https://www.piggington.com/shambling_tiny_halting_step_towards_affordability
Navigating the SD Bubble
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Thinking of Selling?
Tenancy In Common
Aisling Swindell was paying so much for rent last year—$2,100 per month to live in a studio in Downtown LA—she figured she might as well buy a place. “The house I ended up buying was $440,000, which is insane, right?” says Swindell, who works for an online fashion...
Buyer-Interest Pyramid
Now that we're reaching some equilibrium, let's dissect the buyer pool. As recently as two years ago, 60% of buyers were probably interested in properties priced 10% over comps. Now it needs to be a real specialty product to garner attention if priced above retail -...
Getting the Price Right
I don't know if they surveyed actual home sellers, but if these stats demonstrate the current sentiment, it shows how critical it is to list a home at 'market price' vs. 'dream price'. An excerpt from this HW article: You’ve listed your home for sale, and no one is...
Tax Reform Winners and Losers
The folks at JBREC have completed their own tax-reform study: They say the high-earners who buy a...
Compass Concierge
Are you thinking of selling your home, and curious about the idea of out-fitting it for a multi-gen buyer? Or want help in getting the home into top condition in order to sell it for top dollar? We're here for you! The Compass Concierge program is willing to pay for...
Sweeteners
A combination of mine and Leonard's lists of sweeteners: In an increasingly competitive environment - especially on the high end - it may be wise to sweeten the package you are selling by including some value or time-savings item. Some mega-homes include expensive...
Zillow Local Predictions
Here are the histories, and forecasts, of our local Zillow Home-Value-Index for each area: They are forecasting flat or declining prices in three of our larger areas - and they are also predicting a drop-off in values as the selling season will be getting underway in...
Is This It?
More data released today on pricing trends, and though San Diego didn't make this chart, we're probably in the normal range with Los Angeles because our Case-Shiller indicies have been similar (+1.8% vs +1.1% YoY in SD). Interesting that they call San Francisco...
Net Migration Turning Negative
Hat tip to CB Mark for sending in another article on people leaving California - I added the U.S. Census stats for San Diego County at the bottom: People have long dreamed of moving to California, but increasingly the people in the state are looking to get out....
