Zillow Using Their Own Facts

Oh geez, here we go again.

The number of Zillow views DECLINED since yesterday.

How do the views go backwards?

We already know that Zillow recalibrates their zestimates to within 1% of the list price once a home is listed on the MLS, rendering their posted guesses of a home’s value as completely useless on active listings. They also re-jigger the entire zestimate history too, in a blatant attempt to appease the listing agents.

Now they are tinkering with the view counts too?

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Redfin is a lying scumbag too. This was their guess on Wednesday:

Now look at their bogus claim, just two days later:

Get Good Help!

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Follow up – this is the Saturday version, three days after the listing hit the MLS. But by now I don’t know who or what to believe, if anything. It like learning about Santa Claus!

Trading Is Thin

My rule-of-thumb has been based on results.

When a new listing has a number of saves that are 5% or more of the views, then I have a hot listing that typically sells right away. My listing on La Costa Avenue is a week old and has been running around 3%, and then yesterday we started the listing of Karst (above).

For many, it feels like there aren’t as many buyers around.

The traffic at open houses is sparse, the number of offers is low (if any), and excuses are a-plenty. Rates, holidays, election, prices, you name it – there are a bundle of reasons we could identify as culprits of the current market condtions.

At my broker preview yesterday, and agent told me she has a new listing in Solana Beach that had 60 groups attend her open house last weekend. She was blown away, and multiple offers have been received. She said it’s well over the list price!

My listing on Karst was inputted by 9am yesterday and it was shown twice within hours!

The market is fine, and it’s doing what it is supposed to do – be a feedback machine about price. We’ll get through the next 45 days and launch into a new year full of surprises.

No matter what happens though, there’s nothing price won’t fix!

Zillow Local-Appreciation Guesses

It was in May that Zillow started guessing +1%-ish for local appreciation. Comparing their ‘typical home values’ from May to today shows a decline of roughly 2% in pricing in all zip codes over the last six months.

With sticky mortgage rates and a political circus for the ages, I’ll take it!

I’ll guess that we will get +5% in the first quarter of 2025, then back to Flat City.

NW Carlsbad – 92008

SE Carlsbad – 92009

NE Carlsbad – 92010

SW Carlsbad – 92011

Carmel Valley – 92130

Del Mar – 92014

Encinitas – 92024

La Jolla – 92037

Rancho Santa Fe – 92067

View Under A Million

Check out our new listing in Mystic Point in NE Carlsbad, priced at $950,000!

4142 Karst Rd., Carlsbad

3 br/2.5 ba, 1,509sf

YB: 2007

HOA fee = $360/mo.

LP = $950,000

Open house 12-2pm on Saturday November 23rd.

Are you looking for a turnkey townhome with gorgeous views of the dedicated open space around Lake Calaveras adjacent to the miles of hiking trails nearby? Check out our new listing in one of the best locations at the end of the culdesac in Mystic Point – the premier townhome community in NE Carlsbad! New carpet and paint, central A/C, two walk-in closets in primary, laundry room upstairs, and this home has one of the larger backyards! The long driveway allows for two additional off-street parking spaces too – four-car parking guaranteed, wow! Where else in Carlsbad can you find all of this for less than a million?

https://www.compass.com/listing/4142-karst-road-carlsbad-ca-92010/1713874630245277969/

Outrageous NAR Perks

This guy fleeced realtors for years, then quit right when the trouble started:

When he became the chief executive of the National Association of Realtors seven years ago, Bob Goldberg negotiated a package of gold-plated perks.

N.A.R., the largest trade organization in the country, agreed to cover Mr. Goldberg’s membership dues for private clubs in both Chicago and Washington and a country club of his choice, including an initiation fee of up to $75,000. He would use all three clubs “primarily for business purposes,” according to the contract he negotiated with the organization.

The group would also pay for first-class airline tickets when he traveled for business and, once a month, for a round-trip first-class ticket for his wife. He was given a $1,500 monthly car allowance and $2,250 a month to cover utilities and insurance at his pied-à-terre in Chicago, where N.A.R. has its headquarters. N.A.R. even agreed to pay for a pet sitter to watch his dogs when Mr. Goldberg was away from his home outside Washington on business.

The extras came on top of his $1.2 million salary that would, according to N.A.R.’s tax returns, grow to $2.6 million in five years.

Link to free article

Inventory Watch

Nice uptick in pendings this week!

There might be a little breather around Thanksgiving but I think December should be active with rates trickling upward. New listings keep coming so buyers might as well stay engaged – who knows what you might see!

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Walking Trails in Carlsbad

The City of Carlsbad has approximately 67 miles of trails and 51 miles of open space trails, supporting a healthy active lifestyle while protecting and preserving open space for residents to enjoy.

Find trail locations throughout the city, including trails perfect for an easy scenic stroll, a challenging hike, mountain biking and beautiful views. Many trails also provide connections from neighborhoods to shops and local services.

https://www.carlsbadca.gov/departments/parks-recreation/lagoons-trails-open-space/trails

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