The Market this Fall

[bearishgurl]

[quote=AN]Wow, that just shows that everyone have different taste. I wouldn’t buy that house for $500k much less $800+k. That also shows that custom doesn’t always = beautiful for everyone.[/quote]

AN, I agree that that property is very unusual and the only one Richards’ designed like that even down to the “zen” landscape and kitchen cabinet knobs. Here is another example of his work.

http://ww.merceryork.com/images/5960CaminoDeLaCosta.jpg

It is currently for sale with an asking price of $17,500,000 – as one of three parcels of the contiguous $42M 2-AC oceanfront property shown below.

http://www.sdlookup.com/MLS-100029248-5950_5960_5970_Camino_De_La_Costa_La_Jolla_CA_92037

These three parcels were discussed here back on May 14 at http://piggington.com/la_jolla_on_the_beach_42000000

[sdrealtor]

DWCAP,
The thing that kills me is I used to track actives and pending every week by ZIP in my market measuring them at the same time each week. When they changed the MLS platform it became a pain to do and I kinda lost interst in doing it. If I had kept it up I could answer definitively so I’ll have to go based upon what I have seen over the years.

The inventory issue is a pretty normal thing. Generally speaking inventory is lowest in December/early January for a few reasons. First relatively few properties are listed in November and December while there are always buyers looking to close escrow by the end of the year for tax purposes. Another big factor is discretionary sellers typically take their homes off the market for the holidays and come back in late January/Early February.

In the same vein, sellers in this market want to move over the summer so we see lots of properties getting listed on the market in May and June. This is also a very predicatble secular cycle.

The last factor that I am seeing is a segment of sellers (not big but defintely noticeable to me) who were borderline underwater last year. Now that prices have come back up they see a chance to get out without being short or being short enough that they will come out of pocket.

Inventory alone is a pretty flawed measure of market health because it’s supply which has to be balanced against demand. Thats why I looked at the relationship between the two by default. Its the best way to guage the markets health and from all outward appearances things look stable around here.

[sdrealtor]

DWCAP,
The thing that kills me is I used to track actives and pending every week by ZIP in my market measuring them at the same time each week. When they changed the MLS platform it became a pain to do and I kinda lost interst in doing it. If I had kept it up I could answer definitively so I’ll have to go based upon what I have seen over the years.

The inventory issue is a pretty normal thing. Generally speaking inventory is lowest in December/early January for a few reasons. First relatively few properties are listed in November and December while there are always buyers looking to close escrow by the end of the year for tax purposes. Another big factor is discretionary sellers typically take their homes off the market for the holidays and come back in late January/Early February.

In the same vein, sellers in this market want to move over the summer so we see lots of properties getting listed on the market in May and June. This is also a very predicatble secular cycle.

The last factor that I am seeing is a segment of sellers (not big but defintely noticeable to me) who were borderline underwater last year. Now that prices have come back up they see a chance to get out without being short or being short enough that they will come out of pocket.

Inventory alone is a pretty flawed measure of market health because it’s supply which has to be balanced against demand. Thats why I looked at the relationship between the two by default. Its the best way to guage the markets health and from all outward appearances things look stable around here.

[sdrealtor]

DWCAP,
The thing that kills me is I used to track actives and pending every week by ZIP in my market measuring them at the same time each week. When they changed the MLS platform it became a pain to do and I kinda lost interst in doing it. If I had kept it up I could answer definitively so I’ll have to go based upon what I have seen over the years.

The inventory issue is a pretty normal thing. Generally speaking inventory is lowest in December/early January for a few reasons. First relatively few properties are listed in November and December while there are always buyers looking to close escrow by the end of the year for tax purposes. Another big factor is discretionary sellers typically take their homes off the market for the holidays and come back in late January/Early February.

In the same vein, sellers in this market want to move over the summer so we see lots of properties getting listed on the market in May and June. This is also a very predicatble secular cycle.

The last factor that I am seeing is a segment of sellers (not big but defintely noticeable to me) who were borderline underwater last year. Now that prices have come back up they see a chance to get out without being short or being short enough that they will come out of pocket.

Inventory alone is a pretty flawed measure of market health because it’s supply which has to be balanced against demand. Thats why I looked at the relationship between the two by default. Its the best way to guage the markets health and from all outward appearances things look stable around here.

[sdrealtor]

DWCAP,
The thing that kills me is I used to track actives and pending every week by ZIP in my market measuring them at the same time each week. When they changed the MLS platform it became a pain to do and I kinda lost interst in doing it. If I had kept it up I could answer definitively so I’ll have to go based upon what I have seen over the years.

The inventory issue is a pretty normal thing. Generally speaking inventory is lowest in December/early January for a few reasons. First relatively few properties are listed in November and December while there are always buyers looking to close escrow by the end of the year for tax purposes. Another big factor is discretionary sellers typically take their homes off the market for the holidays and come back in late January/Early February.

In the same vein, sellers in this market want to move over the summer so we see lots of properties getting listed on the market in May and June. This is also a very predicatble secular cycle.

The last factor that I am seeing is a segment of sellers (not big but defintely noticeable to me) who were borderline underwater last year. Now that prices have come back up they see a chance to get out without being short or being short enough that they will come out of pocket.

Inventory alone is a pretty flawed measure of market health because it’s supply which has to be balanced against demand. Thats why I looked at the relationship between the two by default. Its the best way to guage the markets health and from all outward appearances things look stable around here.

[sdrealtor]

DWCAP,
The thing that kills me is I used to track actives and pending every week by ZIP in my market measuring them at the same time each week. When they changed the MLS platform it became a pain to do and I kinda lost interst in doing it. If I had kept it up I could answer definitively so I’ll have to go based upon what I have seen over the years.

The inventory issue is a pretty normal thing. Generally speaking inventory is lowest in December/early January for a few reasons. First relatively few properties are listed in November and December while there are always buyers looking to close escrow by the end of the year for tax purposes. Another big factor is discretionary sellers typically take their homes off the market for the holidays and come back in late January/Early February.

In the same vein, sellers in this market want to move over the summer so we see lots of properties getting listed on the market in May and June. This is also a very predicatble secular cycle.

The last factor that I am seeing is a segment of sellers (not big but defintely noticeable to me) who were borderline underwater last year. Now that prices have come back up they see a chance to get out without being short or being short enough that they will come out of pocket.

Inventory alone is a pretty flawed measure of market health because it’s supply which has to be balanced against demand. Thats why I looked at the relationship between the two by default. Its the best way to guage the markets health and from all outward appearances things look stable around here.

[briansd1]

[quote=bearishgurl]
sdr, I am a long-time Modernist fan myself and am the owner of a 61 year-old property which was re-designed by a local architect in ’92 and completely remodeled in ’93 with a few modernist touches such as glass block and black and white bathrooms.

May I suggest Architect Sim Bruce Richards (now deceased) for your client’s consideration? He was originally from OK but educated in Berkeley. He was one of Frank Lloyd Wright’s original “taliesins” from 1934-1935.

I have had my eye on this particular property since it came on the market recently. You may have already come across this listing on your client’s behalf.

http://www.sdlookup.com/MLS-100031293-977_Albion_St_San_Diego_CA_92106
[/quote]

Glad to know that there’s a Realtor out there who likes architecture.

I think that house is beautiful. I would however get rid of the wall paneling for plain smooth (not textured) white walls and the outside wood-siding for smooth stucco. I’d maybe add a second story.

I’d like to buy a small mid-century house with potential instead of living in a condo.

Rather than the typical Tuscan house in Fairbanks this is more my idea of a dream house.
http://www.latimes.com/features/home/la-hm-hasell-pictures,0,1376584.photogallery

[briansd1]

[quote=bearishgurl]
sdr, I am a long-time Modernist fan myself and am the owner of a 61 year-old property which was re-designed by a local architect in ’92 and completely remodeled in ’93 with a few modernist touches such as glass block and black and white bathrooms.

May I suggest Architect Sim Bruce Richards (now deceased) for your client’s consideration? He was originally from OK but educated in Berkeley. He was one of Frank Lloyd Wright’s original “taliesins” from 1934-1935.

I have had my eye on this particular property since it came on the market recently. You may have already come across this listing on your client’s behalf.

http://www.sdlookup.com/MLS-100031293-977_Albion_St_San_Diego_CA_92106
[/quote]

Glad to know that there’s a Realtor out there who likes architecture.

I think that house is beautiful. I would however get rid of the wall paneling for plain smooth (not textured) white walls and the outside wood-siding for smooth stucco. I’d maybe add a second story.

I’d like to buy a small mid-century house with potential instead of living in a condo.

Rather than the typical Tuscan house in Fairbanks this is more my idea of a dream house.
http://www.latimes.com/features/home/la-hm-hasell-pictures,0,1376584.photogallery

[briansd1]

[quote=bearishgurl]
sdr, I am a long-time Modernist fan myself and am the owner of a 61 year-old property which was re-designed by a local architect in ’92 and completely remodeled in ’93 with a few modernist touches such as glass block and black and white bathrooms.

May I suggest Architect Sim Bruce Richards (now deceased) for your client’s consideration? He was originally from OK but educated in Berkeley. He was one of Frank Lloyd Wright’s original “taliesins” from 1934-1935.

I have had my eye on this particular property since it came on the market recently. You may have already come across this listing on your client’s behalf.

http://www.sdlookup.com/MLS-100031293-977_Albion_St_San_Diego_CA_92106
[/quote]

Glad to know that there’s a Realtor out there who likes architecture.

I think that house is beautiful. I would however get rid of the wall paneling for plain smooth (not textured) white walls and the outside wood-siding for smooth stucco. I’d maybe add a second story.

I’d like to buy a small mid-century house with potential instead of living in a condo.

Rather than the typical Tuscan house in Fairbanks this is more my idea of a dream house.
http://www.latimes.com/features/home/la-hm-hasell-pictures,0,1376584.photogallery

[briansd1]

[quote=bearishgurl]
sdr, I am a long-time Modernist fan myself and am the owner of a 61 year-old property which was re-designed by a local architect in ’92 and completely remodeled in ’93 with a few modernist touches such as glass block and black and white bathrooms.

May I suggest Architect Sim Bruce Richards (now deceased) for your client’s consideration? He was originally from OK but educated in Berkeley. He was one of Frank Lloyd Wright’s original “taliesins” from 1934-1935.

I have had my eye on this particular property since it came on the market recently. You may have already come across this listing on your client’s behalf.

http://www.sdlookup.com/MLS-100031293-977_Albion_St_San_Diego_CA_92106
[/quote]

Glad to know that there’s a Realtor out there who likes architecture.

I think that house is beautiful. I would however get rid of the wall paneling for plain smooth (not textured) white walls and the outside wood-siding for smooth stucco. I’d maybe add a second story.

I’d like to buy a small mid-century house with potential instead of living in a condo.

Rather than the typical Tuscan house in Fairbanks this is more my idea of a dream house.
http://www.latimes.com/features/home/la-hm-hasell-pictures,0,1376584.photogallery

[briansd1]

[quote=bearishgurl]
sdr, I am a long-time Modernist fan myself and am the owner of a 61 year-old property which was re-designed by a local architect in ’92 and completely remodeled in ’93 with a few modernist touches such as glass block and black and white bathrooms.

May I suggest Architect Sim Bruce Richards (now deceased) for your client’s consideration? He was originally from OK but educated in Berkeley. He was one of Frank Lloyd Wright’s original “taliesins” from 1934-1935.

I have had my eye on this particular property since it came on the market recently. You may have already come across this listing on your client’s behalf.

http://www.sdlookup.com/MLS-100031293-977_Albion_St_San_Diego_CA_92106
[/quote]

Glad to know that there’s a Realtor out there who likes architecture.

I think that house is beautiful. I would however get rid of the wall paneling for plain smooth (not textured) white walls and the outside wood-siding for smooth stucco. I’d maybe add a second story.

I’d like to buy a small mid-century house with potential instead of living in a condo.

Rather than the typical Tuscan house in Fairbanks this is more my idea of a dream house.
http://www.latimes.com/features/home/la-hm-hasell-pictures,0,1376584.photogallery

[sdrealtor]

FYI, I just checked the Encinitas and S Carlsbad (92009)inventory and about 60% has a market time of under 60 days. It looks like the inventory increase is mostly due to the seasonal trend of listing in May and June.

[sdrealtor]

FYI, I just checked the Encinitas and S Carlsbad (92009)inventory and about 60% has a market time of under 60 days. It looks like the inventory increase is mostly due to the seasonal trend of listing in May and June.

[sdrealtor]

FYI, I just checked the Encinitas and S Carlsbad (92009)inventory and about 60% has a market time of under 60 days. It looks like the inventory increase is mostly due to the seasonal trend of listing in May and June.

[sdrealtor]

FYI, I just checked the Encinitas and S Carlsbad (92009)inventory and about 60% has a market time of under 60 days. It looks like the inventory increase is mostly due to the seasonal trend of listing in May and June.

[Author]

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