I disagreed with the expert opinions yesterday. What are they missing? My thoughts: We cannot apply any previous assumptions or beliefs about real estate sales to the market conditions of today - we need to clean the slate. The discussion starts with how the number of...
It's not passed yet but this is earlier than I expected so hopefully they can get it done in time. Mortgage rates are like gasoline prices though - quick to go up, and sloowww to come down. If they can pass this by Wednesday/Thursday and rates improve a little by the...
Yesterday we saw how the number of listings has been dropping in San Diego County. Here's a look at our favorite market - detached-homes between La Jolla-to-Carlsbad: *The 64% is the percentage of 1Q23 listings that have closed escrow - more will be added, but the...
There will be more headlines about home sales being down - way down - and people might wonder if it means anything. Not really - it's because there are fewer homes for sale. It looks like it will continue too. Last year in San Diego County there were 2,686...
The six active listings in La Costa Valley got trimmed to five with Avenida Ciruela going into pending status, and four of the five actives had open house on Saturday! The weather was funky because a 50% chance of rain was forecasted early in the morning, but it never...
Check out our new listing in La Costa Valley! 2150 Corte Cidro, Carlsbad 92009 5 br/4 ba, 2,631sf 0.23-acre lot HOA + MR = $202/mo LP = $2,100,000 Open house 12-3pm on Saturday and Sunday, May 20th & 21st! Are you looking for the ultimate entertainer's home with...
Here's another example of how the frenzy has taken a different path in each area. Carlsbad, Encinitas, La Jolla and Rancho Santa Fe are rolling along with about the same or more pendings than last month - which should have been the peak - but the wheels have come off...
Last April was peak frenzy, and a main contributor was the lack of inventory....and there were 48.2% fewer listings last month? Holy Cow! This is primetime selling season and if there aren't homes for sale now, how much worse will it be the rest of the year? Here's...
We closed escrow yesterday in La Costa Valley! The seller is a bubbleinfo reader so obviously we have analyzed our results carefully over the last month. We felt that we did everything right in preparing what we thought was a superior home in the tract and utilized an...
I could not feel more certain about this conclusion:
