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sdrealtor
ParticipantJJ,
Just to clarify an obvious hyperbole on your part.“the $40k that goes to agents at the end of an average sfr north county transaction.”
The average transaction is somehwere between 600K and 700K.
The average commission rate is 2.5% to each broker.
That is 15,000 to 17,500 to each broker.
The typical experienced agent gets about 70% of that which is 10,500 to 12,250.
An experienced agent working full time should sell 10 to 12 homes per year. Thats a good one, maybe 10 or 20% at best. Most only sell 2 or 3.
After paying all their expenses, self employment taxes, benefits only a few earn six figure incomes from RE. Not exactly what I would consider a great income for someone in sales and at the top of their profession.
Participantsdc, I am not backing off one bit. Superior is relative not absolute. In this case, the home in question is superior to the typical home in the area for a number of reasons. For those reasons, it sold quicker than most and for a higher price. Home like that will fare better. I dont beleive there is any question.
I have never said superior homes are immune to price drops and Id like to know one person who did. What has been said is that superior properties will fare better in the face of price drops. If you need an example this home is a good one.
BTW it is a good block away from the utlity easement. I have several years of experience selling RE and understand buyers sentiment toward very well. I personally hate power lines esthetically. I dont believe in the harmful effects many ascribe to and consider it just plain ugly.
If they were so dangerous wouldnt every lineman who works on them daily be dead in 6 months to a year?
I have never sold anything close to them. I would not consider this close and would buy this home myself if it was what I was looking for.
Participantsdc, I am not backing off one bit. Superior is relative not absolute. In this case, the home in question is superior to the typical home in the area for a number of reasons. For those reasons, it sold quicker than most and for a higher price. Home like that will fare better. I dont beleive there is any question.
I have never said superior homes are immune to price drops and Id like to know one person who did. What has been said is that superior properties will fare better in the face of price drops. If you need an example this home is a good one.
BTW it is a good block away from the utlity easement. I have several years of experience selling RE and understand buyers sentiment toward very well. I personally hate power lines esthetically. I dont believe in the harmful effects many ascribe to and consider it just plain ugly.
If they were so dangerous wouldnt every lineman who works on them daily be dead in 6 months to a year?
I have never sold anything close to them. I would not consider this close and would buy this home myself if it was what I was looking for.
Participant“I remember eating at Los Ponchos and cursing at myself for being too drunk to drive to Albertos and having to eat at Los Ponchos.”
Funny, I remember that too.
But cmon…..5 rolled tacos with guac for a buck and you got all the food groups covered!
Participant“I remember eating at Los Ponchos and cursing at myself for being too drunk to drive to Albertos and having to eat at Los Ponchos.”
Funny, I remember that too.
But cmon…..5 rolled tacos with guac for a buck and you got all the food groups covered!
ParticipantTime to update everyone’s favorite bellweather;)
6/21 to 6/27
new listings – 13
back on market – 1Total growth in inventory – 14
pendings – 7
expired – 3
withdrawn – 2
cancelled – 4Total decrease in inventory – 16
Net change in inventory – minus 2
Random thoughts
Inventory still trending down.
Again most of new listings and pendings were under $1M> This change in the sales mix will pull the median down due in the next couple months.
FYI, while I dont track the attached market I have occassionally looked at it and have seen a similar trend.
ParticipantTime to update everyone’s favorite bellweather;)
6/21 to 6/27
new listings – 13
back on market – 1Total growth in inventory – 14
pendings – 7
expired – 3
withdrawn – 2
cancelled – 4Total decrease in inventory – 16
Net change in inventory – minus 2
Random thoughts
Inventory still trending down.
Again most of new listings and pendings were under $1M> This change in the sales mix will pull the median down due in the next couple months.
FYI, while I dont track the attached market I have occassionally looked at it and have seen a similar trend.
Participantsdcellar,
Do you know the area? Do you know the schools? Do you know what the floorplan is? Do you know the fees associated with this home? Do you know what is around this home? I never said it was a spectacular home. What it has in my view, is a very nice combination of attributes for a home in its class.It’s kinda hard to evaluate a property from space, ya know?
Participantsdcellar,
Do you know the area? Do you know the schools? Do you know what the floorplan is? Do you know the fees associated with this home? Do you know what is around this home? I never said it was a spectacular home. What it has in my view, is a very nice combination of attributes for a home in its class.It’s kinda hard to evaluate a property from space, ya know?
ParticipantIt is definitely a long hot Summer and its only starting to get hot. Try selling a house like that in Mid July when it is 105 degrees.
ParticipantIt is definitely a long hot Summer and its only starting to get hot. Try selling a house like that in Mid July when it is 105 degrees.
ParticipantJG
Duck!
sdr
ParticipantJG
Duck!
sdr
ParticipantGood example to show how much variance there can be. These two houses are within a couple hundred yards of each other.
It also points out the value of good representation. The current owner of the house on Flair Encinitas paid roughly the same for a smaller far inferior property at in a time range when prices were pretty much level.
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