An update on two of the homes featured here that garnered multiple offers. As expected, they sold for well over their list price. This one got $51,000 over the top of their price range: This one had 20+ offers, and sold for a whopping $190,100 OVER LIST PRICE! The...
Rates are really low, and the market is responding. We've considered it a balanced market when the active listings are running about twice the number of pendings. Here's how we're doing so far in 2020, and compared to last February: NSDCC Detached-Home Active and...
With our tight inventory and ultra-low mortgage rates, it kinda feels like Tesla stock. One minute you're in the $800s, and the next thing you know, the same house is in the $900s! What can buyers do? Buy location. Don't buy crap. Simple enough, right? But it's hard...
Mortgage Amount 30-Yr Rate Monthly Payment $540,000 9.0% $4,345 $688,000 6.5% $4,349 $810,000 5.0% $4,348 $885,000 4.25% $4,354 $1,000,000 3.25% $4,352 The same buyer who qualified for a $810,000 loan amount just 15 months ago can now borrow $1,000,000 and get the...
Richard was the listing agent in 2014 when Tamara's clients paid $620,000 for this 1,296sf Encinitas house built in 1974. At the time, it was tenant-occupied and in its previous condition - I dubbed it a 'light fixer': They put in the work, and listed it last week...
Last Wednesday I was discussing the current market conditions with Candis while at her listing of a Davidson home on Calle Pera - which we both thought was priced right and should be selling in spite of it being on the market for 50 days. I mentioned to her that it...
The severe shortage of homes for sale is upending the sales calendar for the whole housing market. Spring has historically been the busiest buying season, but as competition for homes heats up across the country, January is the new April. Spring starts now. The...
The home-buying season used to kick off sometime in spring, as the snow began to melt and people tried to plan for a summer move-in. But in recent years, the limited supply of homes for sale has spurred buyers to start their hunt earlier and earlier—and now, they're...
In three out of the last four years, our highest median sales price was in May - which are the sales that were decided in March and April: I think we can expect a similar fast start to the selling season next year as pent-up demand that went unsatisfied in 2019 rushes...
Mortgage rates are improving nicely, and at the right time of year! We should see more market surge over the next couple of weeks. I mis-spoke on the video yesterday when I said the median sales price is $561,000 - it's $591,400. But still well under our neighbors to...
