It would have been a good idea to launch the auction format on an industry-wide basis during the frenzy. But how about now? They are still a good idea because auctions bring transparency and certainty to the home-buying process, which buyers would appreciate and make them more likely to engage. Excerpts from article linked below: […more]
When we listed 365 Marine Street in La Jolla for $6,950,000, the price was very aggressive at $2,401/sf. A top agent called it ‘oceanfront pricing’. Here’s the strategy I employed to sell for top dollar at minimum risk! Here is my home tour: This was my tour of the super-custom features in the home:
Rates have come down a lot over the last two days. Last week the conforming rates were into the 6s. The rates above are with no points, which should mean that you could get a jumbo rate in the mid-4s! https://www.mortgagenewsdaily.com/markets/mortgage-rates-06232022
We are #12 only because of the higher cost of housing. According to usnews.com, the best places to live in the U.S. for quality of life are: Ann Arbor, Michigan Boulder, Colorado San Jose, California Naples, Florida Trenton, New Jersey Madison, Wisconsin Boston, Mass Fort Collins, Colorado Reno, Nevada Portland, Maine Hartford, Conn San Diego, […more]
It is so great having Kayla home. She grew up as a San Diegan, but she is a New Yorker now, living just blocks away from Times Square. Alicia was born in New York City, but is a La Jollan now and one of the 100 Greatest Artists of All-Time, having sold over 90 million […more]
After she took five listings at the same price, I joked with the listing agent here that maybe every house was worth $3,200,000 now! I don’t think any of them were worth $3 million before this year, and this is the only one that has closed under list:
Hat tip to long-time reader Todd who we saw at the game last night – we did bug out early, but it was only to pick up Kayla at the airport. The Padres walked it off in the 11th inning! Meanwhile, people are wondering where the local real estate market is going to end up. […more]
We are having fewer sales between Carlsbad and La Jolla, but about the same percentage are closing over the list price as we’ve seen in the previous months of 2022: NSDCC Detached-Home Sales, June (Month-to-Date) Number of Sales: 104 Number of Sales Closed Over List: 68 (65%) Average List Price of Over Lists: $2,298,732 Average […more]
We are wrapping up in La Jolla this week! The Beach-Barber Tract is probably my favorite neighborhood in La Jolla, and is an eclectic mix of new and old that are close to both the beach AND village. A block down from our sale is this teardown that just sold for $6,000,000. The seller also […more]
Buyers and sellers will be tempted to sit out the rest of the year, and the resulting environment could actually get quite boring as we’re all standing around watching sales drop. We just need to survive until the 2023 Selling Season, because the market will really get sorted out! https://youtube.com/shorts/Ggnw-K4qmmc