I inputted my new listing around 10:00am this morning.....and I was showing it by 1:15. We had FIVE showings today, and have SEVEN scheduled for tomorrow. And it's December! https://www.compass.com/listing/7168-sitio-corazon-carlsbad-ca-92009/664477436107162137/ Plus...
Virus
California Home Showings
This looks like a dramatic drop-off in showings but we are still 160% above where they were last year, and way above where they were in February. If there were just more homes for sale! We got off to a hot start in 2020, and you can see how showings in January of...
Thanksgiving Meals
Thanksgiving will be looking different this year but rest assured, restaurants are still gearing up to make turkey day a delicious holiday. Choices include take-away meals, including one with a special chef collaboration, or options for dining on the premises with...
Covid & ADUs
Excerpts from an article from the WSJ discussing the higher-end ADUs being built mostly due to covid, but also an inevitable solution vs. the astronomical cost of senior care: [button link="https://www.wsj.com/articles/multigenerational-living-covid-11605196694"...
Vaccine to Supercharge 2021 Market
Did you hear Dr. Fauci last night? It's likely US health officials will know whether a Covid-19 vaccine is safe and effective as early as next month, Fauci said Monday. "I think comfortably around November or December, we'll know whether or not the vaccine is safe and...
Showings Are Still Elevated
Not only does the current level of showings make up for the dip we had at the beginning of the Covid-19 market, but the 7-day moving average was higher on Saturday than all but two days this year (now 225% higher than it was during the first week of 2020). As long as...
The October Surprise
Today's coronavirus news adds a new dimension to our real estate market, doesn't it? Or does it? We can probably count on one thing to happen. This will be the last straw for those home sellers who have been languishing on the open market for more than 30 days. They...
Who Is Selling?
Who is selling? The chart below tracks when the home was purchased by the sellers. Today’s numbers are from those sales closed between Aug 21-31 of this year: Year Purchased 12/13/16 4/3/17 6/30/17 12/4/17 2/16/20 9/28/20 0 – 2003 57% 48% 32% 47% 34% 29% 2004 – 2008...
Who’s Fleeing?
The pandemic is being blamed for people leaving town. I think it's more that Covid-19 is the last straw that is causing people to take the action they would have taken at some point anyway. The 'rona will be gone in 1-18 months - moving is a major life-changing...
Fleeing to The Suburbs?
The chart above shows the June page views, which was probably the peak hysteria for those who were considering a drastic change. I think the heightened activity and sales could have just been from all the people who had been thinking about a move over the last 2-3...