We keep hearing about price reductions, but it’s a miracle that the list pricing isn’t worse! Consider: We’ve had a strong seller’s market for 10-12 years – would we recognize anything else, let alone know what to do with it? There is no guidance or formula for buyers, sellers, and agents to determine the right […more]
Here is a good sampling of the NSDCC pricing decisions made in May (mortgage rates started going up the first of April). The days-on-market are on the left. Days on Market: All 28 found their buyer quickly – only one took as long as ten days! Paid Over List: 21 of 28 paid over the […more]
The number of detached-home listings between La Jolla and Carlsbad has plummeted this year, compared to previous years. We saw the June counts (included again here), but how does the overall count look for the first six months of 2022? NSDCC Listings, First Half of the Year Year # of Listing, Jan-Jun Median LP Median […more]
More review of the latest developments in Leucadia as I cruise by the next Toll Brothers community and take a look at what the planning commission just approved: The 3.79-acre project site, which is just south of the Alila Marea hotel on N. Coast Highway, is proposed to contain 94 apartments, of which 19 will […more]
Another famous singer from Jamaica who is five days younger than Natalie. We need to play the Jamaica card and have Natalie go on tour with her!
There are many who insist that real estate will follow its historical trend, and I like to say ‘it’s different now’ just to irritate them. What are the things that are different? Every buyer has had to qualify for their mortgage and use a sizable down payment, the vast majority have been buying their forever […more]
This should be about it. If there hasn’t been a surge of inventory by now, it’s not coming – at least not this year. There might be some nice action over the next couple of weeks as buyers try to land a deal before school starts, but there won’t be big discounts – they will […more]
Hat tip to Rob Dawg for sending in the news that one of the most engaging architects of our time has passed away at age 97. Harry lacked formal architecture training, but that didn’t stop him from designing 100+ houses. My favorite is the Sandcastle (above), the house he built himself from reclaimed woods and […more]
These are excerpts from Scott G’s newsletter yesterday: The most recent migration headlines concern Silicon Valley. The narrative: It sucks and everyone is leaving. Venture capitalists who built their fortunes in the Valley say they’re “over” it. The Bay Area is “crashing” and has become “unhinged” with wokeness. “San Francisco is Detroit and Miami is […more]