The over-list sales in March were down YoY, but the sales and pricing are holding up. It’s just more mellow? There were 46 sales that closed over their list price, and 76% of those were under $3,000,000.
Statistically, the first quarter of 2025 looked a lot like it did in 2024.
The 1Q25 sales were 410 vs. 414 in 1Q24, and pricing was higher this year:
Let’s retire the old graph here for the record – it was scorching hot in 2021 and early 2022:
A guy commented on an old REO video that was one of my favorites of all-time. I remember it not only because an ice-cream truck was featured in the video (like so many of my REO videos back in the day) but also because a neighbor busted my chops for parking on the sidewalk here.
As you can see above, we sold it for $183,000. The video has 8,800 views:
Invitation Homes bought it for $275,000 in 2013, and still owns it:
I guess you can say they have hit the housing ATM since!
A tour of our new listing! The new wood flooring was installed this week! Only $1,299,000
Hat tip to Susie for sending this in!
A real estate transaction fell apart just one hour before closing after a shocking discovery involving an alleged squatter at the property.
The potential buyers, who had been under contract since March 1, chose to walk away from the deal after encountering a legal complication involving the seller’s adult daughter.
According to the prospective buyers in a post on Reddit this week, everything appeared to be in order until the final walk-through, which took place just before the scheduled closing.
During this walkthrough, they discovered the seller’s daughter had moved back into the property over the previous weekend. Her belongings and even her dog had been brought back to the home, despite the sellers’ intention to finalize the sale.
The potential buyers allege that local law enforcement, called to the property multiple times, confirmed the daughter’s claim of tenant rights.
The would-be buyers explained that there was no leasing agreement in place and her name was not on the deed. However, police officers apparently stated that they had visited the property four to five times in the past month and could do nothing as it was now considered a civil matter.
As a result, the buyers decided to cancel the transaction one hour before closing, citing concerns over the inability to evict the woman without a formal eviction process.
P.S. The comment section is working now!
Jordan Marks, your San Diego County Assessor/Recorder/County Clerk wants to help homeowners that are seniors learn how they can upgrade their lifestyle without increasing their property taxes.
The Proposition 19’s senior exclusion from reassessment, or also known as the senior property tax transfer benefit, allows homeowners who are 55 years of age or older, the ability to transfer their low Proposition 13 assessed value from their current principal residence to a replacement principal residence when certain conditions are met.
So, whether you’re a senior planning to move into a new home, or you just want to understand your options, this video will help you understand how to navigate and take advantage of the property tax savings available to you using the senior exclusion from reassessment.
In this video, he’ll walk you through the eligibility requirements and how you can qualify for the senior exclusion from reassessment, along with some key tips to make sure you are getting the most out of this property tax saving opportunity. This is just another way we put you first with great customer service.
To learn more about other ways we can save you money on your property taxes or other services that my office provides, please visit www.sdarcc.gov. And remember, we are here to serve you!
To apply, click here:
Thanks to the N.A.R. revision of the Clear Cooperation Policy, there are now FOUR ways a home can be marketed to buyers:
Private Exclusive – Within the brokerage only. My buyers can be auto-notified.
Compass Coming Soon – Listings on the brokerage/agent websites only.
Coming Soon – MLS listings can start as a coming soon – no showings.
MLS input – Listings are dispersed to the search portals and available to all.
The new policy allows agents to toy around with new listings. There is the veiled hint of selling off-market, but it’s left to the participants to imagine the outcome.
If there was a concerted effort throughout the brokerage community to push off-market sales, it would hasten the dissolution of N.A.R. and help unwind the tradition of broker cooperation. But they will hang onto the old ways as long as possible because they make more money off the new and inexperienced agents.
I think it is inevitable that residential agents will sell homes the same way it’s done on the commercial side. The best properties are closely held and only available to each agent’s network, and the regular stuff gets exposed to the public.
We are one of candidates for the best real estate team in north county.
If you’d like to vote, click here:
Here we go! We had a fantastic time with our great friends Anneliese and Richard at the Padres game last week. It was there that Anneliese insisted that Donna and I start doing a podcast – mostly because we have such different views. Stay tuned! Her look at the end tells you everything!
This has been a hot topic lately, so let’s clear up one point.
Once a listing is marked ‘sold’ on the MLS, the listing agent has no access.
To remove the photos from Zillow, you have to go through them:
https://zillow.zendesk.com/hc/en-us/articles/202036344-How-do-I-hide-or-remove-photos-of-my-home
If you want to get in front of it, make noise with the listing agent prior to closing when they still have access to the photo gallery.
