[sdrealtor]

5th week of march

New 20 (12) –

Pending 22 (19) –

Thats -2

Closed 18 (10) –

Total houses on the market 80 (41 last year) with a median of 2.58M (2.545M). Two years ago we were at 51 and in 2021 we were at 61.

This is a time of year inventory climbs as Spring listings pile on the market while buyers tend to take a break for tax season in early April. Then its game on.

[sdrealtor]

Sorry but that is a false equivalency. Buying a pair of Trump branded sneakers are buying an inferior product which are nothing more than a political/fashion statement and a poor one at that. Buying a Tesla is buying a great car that brings tremendous value.

The other driver that hit me insurance company asked if they could share the videos with their insured. They took their statement then showed them the videos I sent over. The adjuster I spoke with yesterday was laughing when she said “yeah those videos are pretty compelling, our insured is at full fault, we’ll send an appraiser out and issue payment. Would you prefer a check or Zelle?”

[sdrealtor]

Its a car scaredy. Its just car. Its not a political statement. You arent going to save the environment. You are going from point a to point b. That is all you are doing. It is transportation. Its not who you are. Its just a car

[sdrealtor]

I think there is a lack of understanding about all EV value proposition and tons of negative propaganda out there.

My previous tesla was involved in a 50 MPH head on collision when someone pulled out from a sidestreet at last minute in front of me. It saved my life and I walked away without a scratch. Buying a replacement after that was a no brainer.

My current Tesla is over 3 years old and has 110K miles on it. Besides tires my entire maintenance cost has been a $1 gallon of windshield washer fluid. I’ve met people with 250K miles whose experience is the same except they are on their second gallon of windshield washer fluid. Ive heard of cars with 400K on original batteries. The maintenance manager at the Carlsbad tesla service center told me he’s seen 3 brake jobs in the 10 years he’s been there.

It is the most reliable dependable car Ive ever owned. My car is better today than the day I got it. The interior looks brand new. It drives as well or  better than it did when i got it and does things it didnt when i bought it.

It has been to Napa Valley, Phoenix, Palm Desert and Vegas multiple times. Range has never been an issue and the supercharger network on the freeways here is more than adequate. I can only drive about 250 miles straight without stopping. The stops involve pulling in, plugging right in, going to bathroom, getting coffee or soft drink and perhaps a snack. I like to stretch my back for a few moments before I unplug and continue on. On the longest trips I bring a yoga mat to stretch for 3 to 5 minutes. I would need that time no matter what I was driving. By then (15 to 25 minutes) the car is recharged and ready to continue. I usually don’t have to stop again and if I do its a 10 minute stop.

The range when I bought it was 328 and it is down to 311 so not much degradation.

This is my experience, not some propaganda from EV haters.  I am not trying to save the world or make a political statement. Im driving the best most fun vehicle  with an amazingly low cost of ownership that has already saved my life once.

This past weekend someone sideswiped my current Tesla. They pulled over and started yelling at me for hitting the front of their car with the rear passenger side quarter panel of mine. I laughed and said I’ve got perfectly clear HD videos of the the events leading up to, after and the actual point of collision from the front, side and rear cameras. Let me have your insurance information and I can email them so I can get this settled quickly. Currently working through to decide if I want to repair, leave with a dent or buy another new one all of which would involve little out of pocket expense to me.

I was never a car lover like coronita or AN. Its just a car to me. Transportation and thats all. But I do enjoy it like no other vehicle Ive owned

[sdrealtor]

5th week of march

New 17 (14) –

Pending 23 (17) –

Thats -6

Closed 15 (15) –

Total houses on the market 77 (46 last year) with a median of 2.5M (2.425M). Two years ago we were at 34 and in 2021 we were at 55.

Inventory went up despite more pending than listings for two reasons. We are seeing a higher percentage of homes falling out of escrow than we typically do. With prices and rates this high buyers are stretched and picky with more buyers remorse setting in. We also see homes coming off the market that haven’t sold for improvements. Rather than lowering prices sellers are taking them off to fix them up a bit more. There’s also the game playing of take a home off the market for a week or two and try to come back as a new listing.

The market is just hanging in there with buyers being discriminating as to what they want and dont want

[sdrealtor]

week 5 in March

New listings 3 (7) –

New Pendings of 7 (3)

Thats -4

Closed sales at 2 (6)

Total houses for sale 7 (12) with median of $1.185M (1.05M). There were 4 on the market 2 years ago and 9 in 2021.

Prices feel solidly 10% higher than last year. Even with a small sample size here the homes are very homogenous and its easier to say that than along the NCC where there is far more variety. There are also a steady flow of higher end flips. MM has turned the corner and more and more of the homes here will be remodeled and updated. I can continue to see a steady improvement here with no signs of interuption for a couple years and more ahead

[sdrealtor]

Sorry things havent worked out as you hoped and hopefully everything is ok with the family. Glad you recognize how good SD has been to you and will hold onto a couple beach rentals. I think those will serve you well and perhaps some day you will return. Holding onto those ensures that will always be a possibility for you and your family.

There will always be strong demand by the beach from high income individuals that don’t see themselves here long term. Unfortunately you seemed to have learned the hard lesson that reality doesn’t hold in East County. I’m sure its a big note and at much higher rates so better to cut your losses sooner than later rather than doubling down.

Also try not to forget what you learned in East County when you invest back in the Midwest. Rents and cap rates may look great in some spots but don’t forget the importance of tenant quality. Its better to sacrifice some return for sanity and peace of mind. Look for the sweet spots that balance both.

One last thing and a good reason to hold onto those OB props is places can look great as a visitor but different as a resident and your stay there could hit bumps also. Despite everything we put up with here we enjoy a great deal of social tolerance among our neighbors and a well educated populace. My good friend from Nashville always laughs when Conservative Californians move there to be his neighbor in Franklin where his family has been for generations. Its a nice upscale place but they quickly learn when they venture a little further out they don’t only live in Nashville, they also live in Tennessee. Those are two very different things

Hope everything turns out the way you want and dont be stranger. We’d love to hear of your successes there

[sdrealtor]

4th week of march

New 14 (13) –

Pending 24 (12) –

Thats -8

Closed 12 (17) –

Total houses on the market 61 (45 last year) with a median of 2.995M (2.3M). Two years ago we were at 27 and in 2021 we were at 57.

New listings back down and pendings back up. An increase in nice new listings generally will bring more sales especially in Spring. It seems like a continued dog fight out there.

One thing of note happened with the median listing price reaching close to $3M. I predicted this last year. Its partially due to higher prices but even more the limited inventory at lower prices getting snapped up leaving inventory very top heavy. It could go even higher

Almost time to run this weeks numbers and it feels like more of the same based upon what I saw this week

[sdrealtor]

week 4 in March

New listings 11 (2) –

New Pendings of 8 (2)

Thats +3

Closed sales at 5 (7)

Total houses for sale 10 (9) with median of $1.087M (1.075M). There were 5 on the market 2 years ago and 7 in 2021.

More of the same. This is a very orderly stable market settling into this new higher price level

[sdrealtor]

SOLD my house!!! Saint George here I COME!!

[sdrealtor]

Was gonna erase this as a duplicate post but it bears repeating LOL

 

So much for affordability. This one may take a while to sell.

$1.2M freeway adjacent 3 story 1 car garage townhome! Trying for SD pricing in SG. I see future distressed sales coming

https://www.redfin.com/UT/St-George/5332-S-Beachcomber-Ln-84790/unit-112/home/190259894

 

 

[sdrealtor]

So much for affrdability. This one may take a while to sell.

$1.2M freeway adjacent 3 story 1 car garage townhome! Trying for SD pricing in SG. I see future distressed sales coming

https://www.redfin.com/UT/St-George/5332-S-Beachcomber-Ln-84790/unit-112/home/190259894

[sdrealtor]

3rd week of march

New 21 (12) –

Pending 16 (15) –

Thats +5

Closed 16 (12) –

Total houses on the market 79 (46 last year) with a median of 2.55M (2.344M). Two years ago we were at 29 and in 2021 we were at 49.

New listings back up and pending’s down as a bunch of orders must’ve gotten filled two weeks ago. No surprise to see things go back and its looking like we are gonna slog along this Spring. Any big change would take lots of new inventory or a significant drop in rates neither of which look likely this Spring. Stand off mostly continues

[sdrealtor]

2nd week of march

New 11 (11) –

Pending 27 (14) –

Thats -16

Closed 12 (7) –

Total houses on the market 71 (51 last year) with a median of 2.795M (2.195M). Two years ago we were at 31 and in 2021 we were at 52.

A big week for pending’s! A drop in new listings! I think it was a bit of an anomaly as it doesn’t feel different out here. I expect things to go back to where they were in the next week or two. Nonetheless that surge in pendings was seasonal demand stepping up. Lets see what happens through the next two weeks

[sdrealtor]

sorry just saw that. I think its a bit of everything. With rates where they are cash heavy buyers are more the rule. Demand is relatively muted but supply is also. WE are operating mostly in balance here. if we got a surge of inventory we could be in a bit of trouble but that doesn’t appear to be on the horizon and rates will gradually drift down over the next year or two so the party looks like it will continue in this range.

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