Bubbleinfo
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Bubbleinfo documents the trends in North SD County coastal real estate by Jim Klinge, broker associated with Compass. In 2005, it became obvious to us that a real estate bubble was forming, so Jim began documenting the local real estate market conditions for our clients. It's a free and easy resource to learn about the market, and to get a feel for how we can help you - we want to be your..
Bubbleinfo
2h ago
We are going through this now in our family, and it’s probably happening to you or someone you know. It’s a reminder that if you’re a senior and have one move left, it’s so much better to move sooner, rather than later (trying to put a real estate spin on this touching video ..read more
Bubbleinfo
2h ago
The market is so much different now than it used to be that we should jettison all previous assumptions (paraphrased from a Rob Dawg comment years ago). In the old days, prices would be coming down by now because the demand would have been severely impacted by higher prices and rates – but not today ..read more
Bubbleinfo
13h ago
Here’s the tour of the Solana Beach listing from last night: Nobody is giving away the premium properties. The more premium, the more buyers! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I should do more follow-ups on listings seen here previously for market calibration: This RSF view estate sold for $23,500,000 full price cash in five days. The Solana Beach fixer ..read more
Bubbleinfo
1d ago
While a surge in inventory next year would help to change the market dynamics, there isn’t any hard evidence of it happening yet: How many would be considered a surge? If the number of new listings rose 10% or even 20%, would anyone notice? Probably not. Using these November numbers, and adding an extra 20 ..read more
Bubbleinfo
1d ago
In 2024, you will be able to buy a million-dollar home in San Diego County with 3% down. Thank you taxpayers! What will it take to qualify for a $1,006,250 loan? The P&I payment at 7% is $6,695, and by the time you add PMI, property taxes, insurance, and HOA, the total payment will be ..read more
Bubbleinfo
2d ago
Michele and I cruise around twice a week looking at the new listings. I love it because I get to pontificate about the business and give her guidance like a good broker should. She asks many great questions, and today was no exception. She had read the blog post from 2009 where I said agents ..read more
Bubbleinfo
2d ago
This sold for $5,810,000 on April 28th of last year, which was the last peak of the market- mortgage rates were around 5% then and have risen to just under 8% today. It didn’t stop or slow down a buyer from paying a whopping $6,300,000 cash for it today ..read more
Bubbleinfo
2d ago
Ok, ok – yesterday I said that we’re at the highest pricing ever, but the San Diego non-seasonally-adjusted Case-Shiller Index isn’t quite there yet. But it feels like record pricing around the north county coastal region, doesn’t it? The index dropped eight months in a row last year, and it might track negatively over the ..read more
Bubbleinfo
3d ago
If your listing doesn’t sell, or your listing agent withdraws it and then ‘refreshes’ it by inputting it a second time into the MLS, don’t be surprised if your phone starts ringing around 7am the next morning – and ring non-stop for hours, days, and weeks. Did you know that those solicitations are prohibited? While ..read more
Bubbleinfo
3d ago
The local market will wind up the year with the lowest number of annual listings ever, the fewest number of annual sales ever, the highest prices ever (the latest Case-Shiller Index released tomorrow), and we’ll enter the new year with the fewest number of active listings ever. What’s the worst thing that could happen? We ..read more