For those who think we are still over-valued and need to resort to historical trends, consider this. If it weren't for the big blow-up in the 2003-2004 era, we might have been fine. We are roughly 25% higher in pricing then we were 10 years ago, or about +2.5% per...
From dataquick.com: The number of Golden State homes sold for a million dollars or more rose last quarter to its highest level in almost five years, the result of an improving economy, some price increases and improved mortgage availability. The year-over-year gain...
Here's another seller strategy these days - just wait long enough that other properties around you keep listing higher and higher, and eventually you'll look like the deal. This graph demonstrates the seller exuberance this year, especially in the higher-end areas....
An excerpt from the Will Carless article at the Voice of San Diego - hat tip to several readers! The Poway Unified School District may be California’s poster child for exotic school bond financing, but it is by no means alone in San Diego County. As I detailed in my...
It was reported yesterday that inventories across the country have been approximately 23% lower than last year. How has it been lately around our North SD County Coastal region? This year's summer count of detached new listings is only 14% fewer than last year. ...
Hat tip to SM for sending this in from the Seattle Times: When homeowners leave their dwelling so complete strangers can take a look, all kinds of things can happen — and they do. Right from the get-go, real-estate open houses are a recipe for weird and wild stories....
Is this an endorsement from the Christian Science Monitor? 1. Stage Your Home 2. Find the right professional Sometimes you forget the obvious: The best, smartest thing a homeowner can do is find the right real estate agent for them. There are all kinds of pros out...
While it has felt like prices have been going up this year, the average-cost-per-sf has been bouncy around the higher-end of NSDCC. The average LP-per-sf is down a couple of ticks, and the average SP-per-sf is trying to get back to last year's trend. These are the...
I heard about someone who made a full-price offer over the weekend, and is still waiting for a response. It makes you wonder what it will take to buy a house these days! In this case there were other offers already on the table, so it was a smart attempt to try and...
We know that median prices are a terrible way to gauge pricing, but they can indicate the relative temperature of the higher-end market. If we see the median price rising, then there are more of the higher-end homes selling than in the previous period. Here are the...
