It looks like Zillow is sticking with their relatively flat forecasts for our local areas. It's probably realistic if appreciation goes like it did in 2022 - everything gained in the spring selling season is given back in the off-season. Note how the 'typical home...
As the national leader of real estate, Zillow is attempting to guide people with data, thankfully. Their Home-Value Index has been decent, and I'll take the -7% for San Diego....which means our premium areas haven't felt much decline at all. Their comment on current...
If everyone is relying on the zestimates....are they any good? It's a scary thought that we've become dependant upon an algorithmic computation of home values run by a third party for profit. Good thing they got out of the home-buying business! The zestimates have...
There are three types of sellers: Sure I'm motivated....if I get my price. I'll sell for what the market will bear. Desperate. Unless the home is a real trophy property, this isn't the market that tolerates aspirational sellers. For those who will only sell if they...
Our one-story listing in Aviara closed escrow today. We had listed for an attractive $1,800,000 in mid-September, and had about 2,600 views on Zillow in the first five days (see above). We received three offers, and accepted the highest at $2,100,000 cash. Previously...
The biggest fear for the North San Diego County coastal region is a meltdown in Bay Area prices. It's been estimated that 50% or more of the buyers who were bidding up homes here during the frenzy are from the Bay Area, and Silicon Valley in particular. If prices were...
Just a quick reminder of the constant grift in real estate. Before the listing was entered onto the MLS: After the MLS listing was inputted - at least they didn't recreate the history graph.....yet: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Before the listing...
Zillow has recalibrated and is predicting a fairly flat 12 months ahead. Here are the zip codes I've received so far, all ranging between +1.5% and 1.9% appreciation over the next 12 months - the rest of the local zip codes should be similar: NW Carlsbad SE Carlsbad...
After my blog post yesterday publicizing the confidence Zillow has in our local markets, guess what arrived today. Yep, their first installment of their next round (it usually takes 2-3 weeks to receive the full set): At the end of July, their prediction for Carmel...
The latest Zillow 1-Year Forecasted Values are still expecting a fairly strong appreciation rate over the next year - these estimates are the same or higher than last month! I can see a path to how this could happen. The Spring Selling Season gets frenzied up for 3-4...
