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sdrealtor.
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August 11, 2021 at 1:38 PM #822963August 12, 2021 at 7:15 AM #822967
CoronitaParticipant[quote=sdrealtor]Update time. Another strong week for MM.
New listings 8 –
New Pendings of 9 –
Thats -1 change
Closed sales at 9.
Price reductions at 0. There are some which should be reduced.
Current inventory at 20 with median price of $875K.
MM has become a very orderly market with a very consistent ebb and flow. I would say well over half the current inventory is on the market for 2 weeks plus getting stale sitting overpriced. There are buyers for anything reasonable priced appropriately
Drove through 3 Roots yesterday. Its gonna be a stunning transformation for the area IMO. Looking really impressive to my eyes[/quote]
the cool part about 3roots is its right at the corridor to this large industrial park of a lot of biotech and medical device companies. Some of them are doing really well especially those supporting covid related testing and research. A few colleagues started working at these companies recently and they are on a hiring binge. Also as good as mobile engineers these days.
Big growth area imho, especially as we see more older and ailing people.August 12, 2021 at 10:28 AM #822968an
Participant[quote=Coronita]the cool part about 3roots is its right at the corridor to this large industrial park of a lot of biotech and medical device companies. Some of them are doing really well especially those supporting covid related testing and research. A few colleagues started working at these companies recently and they are on a hiring binge. Also as good as mobile engineers these days.
Big growth area imho, especially as we see more older and ailing people.[/quote]What you’re seeing today is only the beginning. A lot of the commercial land around 3Roots will get rezone to allow for even more. https://www.sandiego.gov/sites/default/files/02_18_2021_draft_land_use_scenarios_final.pdfAugust 12, 2021 at 10:51 AM #822969sdrealtor
ParticipantWow that’s awesome the amount of planning going on there. Had no idea. The future seems bright here
August 12, 2021 at 11:17 AM #822970
svelteParticipant[quote=gzz]It is kind of jarring to see a new development of close-in detached 2-floor suburban homes street full of cookie cutter modernish houses. Driving home and driving through three streets of these?
https://www.live3roots.com/homes/brio
It looks like something you’d see in the hollywood hills, but it will be in a symmetric row of dozens.
[/quote]
They are getting ready to do a similar development in San Marcos in the area called North City. It looks a bit claustrophobic to me, but then a lot of new developments do. Guess I’m not the target demographic so doesn’t really matter.
Times they are a-changin’.
August 12, 2021 at 12:15 PM #822971Participant[quote=sdrealtor]Wow that’s awesome the amount of planning going on there. Had no idea. The future seems bright here[/quote]
I’ve been sitting in on those meetings and the result essentially is, either do nothing or do A LOT. So I’m thinking the city will go w/ do A LOT. So it’ll be very interesting to see this whole area evolve over the next 30 years.August 12, 2021 at 1:13 PM #822972ParticipantThe city needs to build more housing. They only have one choice. Its just a matter of when, where and what
August 12, 2021 at 1:14 PM #822973Participant[quote=svelte][quote=gzz]It is kind of jarring to see a new development of close-in detached 2-floor suburban homes street full of cookie cutter modernish houses. Driving home and driving through three streets of these?
https://www.live3roots.com/homes/brio
It looks like something you’d see in the hollywood hills, but it will be in a symmetric row of dozens.
[/quote]
They are getting ready to do a similar development in San Marcos in the area called North City. It looks a bit claustrophobic to me, but then a lot of new developments do. Guess I’m not the target demographic so doesn’t really matter.
Times they are a-changin’.[/quote]
Drove past that a week or so ago and holy cow. Lots of earth being moved around there. That university is rapidly expanding and the area will benefit from that on top of everythingalready there
August 19, 2021 at 6:05 PM #822989ParticipantSorry for delay. Just got back from annual old friends trip back to Jersey Shore.
New listings 10 –
New Pendings of 9 –
Thats +1 change
Closed sales at 13.
Price reductions at 1. There are more which should be reduced.
Current inventory at 22 with median price of $875K.
Very stable here and inventory is only building slightly due to a few sellers overshooting on list prices
August 25, 2021 at 9:50 AM #823014ParticipantNew listings 8 –
New Pendings of 9 –
Thats -1 change
Closed sales at 12.
Price reductions at 1. There are more which should be reduced.
Current inventory at 26 with median price of $867K.
Just humming along here. Inventory building slightly due to some that need to but dont reduce. Prices in the 800’s completely normalized. Seeing more sales of $1M every week for the bigger nicer homes. Prices have settled down and stabilized at least for now
September 8, 2021 at 9:22 AM #823070ParticipantNew listings 8 –
New Pendings of 10 –
Thats -2 change
Closed sales at 13.
Price reductions at 0. There are more which should be reduced.
Current inventory at 24 with median price of $867K.
We may have already seen peak inventory for the year here
September 8, 2021 at 9:24 AM #823129ParticipantNew listings 6 –
New Pendings of 8 –
Thats -2 change
Closed sales at 8.
Price reductions at 3. Some holdouts slowly coming down
Current inventory at 20 with median price of $857K.
Remarkably stable action with inventory heading into seasonal decline
September 17, 2021 at 2:28 PM #823208ParticipantSorry for late report. Was out of town but ran em before I left
New listings 10 –
New Pendings of 13 –
Thats -3 change
Closed sales at 12.
Price reductions at 2. Some holdouts slowly coming down
Current inventory at 19 with median price of $849K.
Steady as she is
September 21, 2021 at 4:11 PM #823279ParticipantNew listings 7 –
New Pendings of 10 –
Thats -3 change
Closed sales at 12.
Price reductions at 0.
Current inventory at 20 with median price of $849K.
More than half the actives are over 3 weeks which suggests they are overpriced and need to be reduced
Very steady
September 28, 2021 at 5:31 PM #823298ParticipantThe model of consistency
New listings 8 –
New Pendings of 9 –
Thats -1 change
Closed sales at 12.
Price reductions at 1.
Current inventory at 18 with median price of $855K
This market looks like it will just keep rolling along at its present pace
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