We have been told that banks and servicers are now using short-sales, instead of foreclosures, as their primary defaulter-disposal method. It appears that the conversion is well underway in San Diego County - here are the number of residential distressed-sales and...
Thinking of Selling?
Knowing Your Product
Searching for homes on-line is informative and highly encouraged, but if you are a realtor you really should be seeing homes in person. Agents working with buyers benefit from tracking the new inventory, but you always see the best listing agents on tour too. Why?...
Inventory Change By Tier
From Zillow: The inventory of lower-priced homes for sale, which are commonly sought by first-time homebuyers, has dropped by more than 40 percent in California over the past year, according to a new Zillow analysis, which tracks changes in the number of homes listed...
Million-Dollar Reality
The million-dollar-plus market appears to be benefitting from the attractive low rates, and you have to wonder how many more sales would there be if there were more reasonably-priced homes for sale. There is a sizable gap between the million-dollar club's wishing...
Measuring The Heat, Part 2
The overall SD County market looks hot with 52% of new listings finding a buyer within 2-4 weeks, but how about the tonier North SD County coastal region? The year-to-date numbers look similar to the county's stats we saw in the last post, rather ho-hum: NSDCC...
Looking For Price Increases
We've had a truckload of more sales recently, but statistically the pricing hasn't been rising - the average cost-per-sf of summer detached-home sales around NSDCC is trending flat to slightly downward year-over-year. Apparently, buyers have engaged mostly due to the...
Steady/Strong Locally
Here's a year-over-year review of the summertime median prices of detached-home sales between June 1st and September 30th in the individual areas of NSDCC. Town/Area 2011 #Sales Median SP Avg. $/sf 2012 #Sales Median SP Avg. $/sf Cardiff 40 $821,500 $440/sf 14...
Sound-Bite Trend is UP!
The media types are always a little short on analysis, and instead are happy to plug in realtor quotes to fluff their stories. But their sound-bites have become consistent - prices are on the move - which may be enough to sway the popular opinion. From sddt: The...
Getting Ready to Sell
Are you thinking of selling your house? Let's review Jim's Tips for Getting Ready to Sell: FIX-UPS - Do any home improvement before you go on the open market, because the most qualified buyers will visit in the first week - and the most motivated on the first day. ...
A Little Fix-Up
When selling, it is worth fixing the items that appear to be big problems, but really aren't. Fourth-quarter guess at end: