[sdrealtor]

Have a friend who lives there on the canyon. Some great locations. Good luck, I suspect you’ll get what you want and more.

[sdrealtor]

Give her a break! She has a habit of disclosing too much personal information. She has chosen to give up her anonymity in the past but that doesnt justify others publishing her personal information. Even though I was acused over and over of doing that, I never did and never would do that to someone.

I say give her a pass…

[sdrealtor]

PS,
I dont like dual agency as its impossible to represent the best interests of two individuals with competing interests. I have never sold anything as a dual agent.

[sdrealtor]

AN,
My pleasure. I think its a great location with relatively afforbable homes. I had a client that looked extensively there 1 year ago but he decided to buy a townhome in the UTC area instead. If it was me, I would have bought there. Hopefully, it will get more affordable there for you.

[sdrealtor]

Many high end buyers are coming from out of the area. I have a firend visiting from the east coast.He lives in a suburb of NYC (about 30 minutes from NYC along the train line for commuting in NJ) and would love to live in one of the nice towns near the Jersey Shore. He looked at some of my listings and thought our prices were CHEAP!

[sdrealtor]

One correction that you got backwards. I was selling homes in 2003 and 2004, lots of homes. The high end generally peaked in 2004 while the low end continued to rise through 2005. What is happening now is the high end folks have recognized this and are pushing all the prices down below them.

AsianNautica
I know the Compass Point area pretty well. A year ago the smaller units were selling between 500 and 525. While there were a couple higher sales the market was really at 500 to 525. In the last 6 months there were 2 sales at 480 in March but there have been 3 sales at 495 to 500 April, May and June. I Just checked and prices seem to be somewhere between 450 and 500 which would correspond with the 5 to 10% decline I am seeing most places. There are currently 6 on the market with none pending. It looks like the new one (only 5 days on market) is trying to grab the next sale. As I mentioned previously it is not a question of at what price anymore as much as it is a question of can you sell with low demand.

[sdrealtor]

For me Units sold are up and should continue to be up at least 50%. I have a higher % of listings this year. My average sales price is up about 20%. My buyers and the people buying my listings are very strong and well qualified for the most part.

The high end is stronger than the low end but all price ranges are struggling. The house must be nice and pricing is everything.

[sdrealtor]

I just checked and your observations about 92120 are correct. In March/April, there were 59 sales. In May/June, there were only 32 sales of which 19 are still in escrow. About 3 months ago after spending an hour or two analyzing my local market I woke up in the middle of the night and realized something very scary. The question is rapidly changing from “What can I sell my house for?” to “Can I sell my house at anything close to a reasonable price given previous sales?”

[sdrealtor]

To get back on topic, someone mentioned the approximately 30% vacancy rate of homes for sale. Anecdotally, the number around here has always been high and this is not an obscenely high number relativce to what I have experienced in the past.

BTW, I have officially exceeded 2005 in sales volume, have more in escrow and more buyers waiting for the right home at the right price. This is in response to a thread a month or so ago that opined all realtors are suffering because transactions are down approx 30%. I know that I am one of the exceptions but know others having great years also. Even in a very tough year, there a success stories.

[sdrealtor]

Is that the same Reggie White that signed a fat free agent contract with GB because God told him to do it? Oh yeah, they also offered him the most money.

[sdrealtor]

I pretty much echo what PS said. I was speaking specifically about the Encinitas area that has many longtime Mexican families that do not speak English in their homes. I know many of them personally and have only the highest regard for them. They are all honest, hardworking honorable people but many of them are trapped at an economic level because of their values. To clarify, I used the word Hispanic because that is how they are classified in the reports (i.e. by ethnicity not country of origin). The truth is most of them in my area are of Mexican descent.

I too believe most people have the same abilities and potential. (Heck some people are just wired different and smarter than most of us). I started on this thread mentioning that I believe API scores are overated and that people should focus on instilling the proper values in the children more than sending them to the #1 ranked school. Unlike many of you, I believe there are many good schools around here that children can and will thrive at as long as they have involved parents. It would not bother me in the least to have economically disadvantaged children in my kids classes, in fact it would give them a more accurate picture of the world. The top ranked schools around here are top ranked because they dont have these children. I grew up in an area where prejudice was rampant. Frankly that is why I dont live there any more. My children are friends with children whose ancestors have been and continue to be at war with my mine. I raise my children to be good citizens of the world in hopes they can spread my values. It is a beautiful thing watching my son play with his friends and not think his hispanic, asian, arabic, catholic, jewish, protestant and african american friends are any different than him.

[sdrealtor]

I provide plenty of insight on this board as most would agree. Bob provides summary statistics of what he is able to glean from the data rather than experience in actual transactions. On the otherhand, I am involved in the sales/purchases of real estate on a daily level and report what I am seeing with my feet on the ground!

Some folks want to hear great analytical disection of data but real estate is very different from many markets and frequently defies data analysis. Some of you scream for data but when you get it you realize it isnt really what you want to hear. The data has been telling you median prices are rising while I have been reporting falling prices for months hear.

As for the report being quoted on numerous blogs? Of course it was. It says what the bublle bloggers want to hear so everyone is posting it. As an overview the report has alot of merit but real estate is an individual sport conducted a on property by property basis.

[sdrealtor]

The weather may be unbearable inland but its fabulous on the coast. Ocean temps are around 70 to 72. I’ve been to the beach 7 days in row and while the surf is weak the water is great for swimming.

[sdrealtor]

Sounds like it might happen though the part about they “plan on closing sometime in August” creates some uncertainty. There should always be a firm date that both parties contractually agree to and are bound to. Hope it stays together and goes through.

[sdrealtor]

The assessor’s data is wrong on her house just like it is wrong on many others including my own. Thats one of the major shortcomings fo a site like Zillow which is only as good as the data it starts with. As they say…Garbage In, Garbage out!

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