It was so great to start the tour today with Pete's new listing on the Encinitas Ranch Golf Course whose owners succumbed to the problem at hand. They get hit by golf balls, so provide a barrier and live with it. This is way better than the alternative where potential...
There isn't as much fluff as we used to have in the pre-pandemic days. In March 2019, there were 6,026 homes for sale, but only 2,554 sold, which means there were lots of sellers and agents on the open market who were in price-discovery mode - and they found out what...
The first quarter of 2024 is the only 1Q in recent history to have increases in BOTH the number of listings AND the median list price. Previously, increases in pricing had a corresponding dip in the number of listings available for buyers to consider. If you are like...
It looks like we've found the number. Because the inventory was so low last year, I thought the market could easily handle a 10% to 20% increase in active listings this year. But now the number of actives is +30% YoY, and the pendings aren't increasing in a similar...
While the media has been stirring up their hysteria over the commission decoupling.....this from CNN: It's the second part of the settlement that will likely frustrate buyers even further: Let's call it, The Return of the PEAD! When Covid broke out, it was decided...
The number of active listings is a reflection of how many new listings are coming on the market vs. how many are going off the market at the same time. While today's number of actives is 29% higher than it was last year at this time, let's note that the 2023 inventory...
This was going to be the big test. The controversial local brokerage in Los Altos was offering a measly $10,000 commission to the buyer-agents on their listings, most of which were $4,000,000 and up. They listed a similar house on a quiet street about a mile away for...
In January, 30% of the NSDCC sales offered less than a 2.5% commission to the buyer-agents, and in February it was 25%. Since the NAR settlement was announced on March 15th, 40% of the listings are offering less than a 2.5% commission to the buyer-agents. There isn't...
The potential surge in new listings has stalled, and for the second week in a row we had more new pendings than listings! But something has to give, doesn't it? The pricing continues to levitate, at the cost of sales: NSDCC Monthly Detached-Home Sales, March There...
It appears that for every person that has left San Diego County over the last three years, there has been a replacement - and an affluent one at that!
