Marti Kilby, CRS

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Home Prices Taking a Dive?


I had an interesting discussion yesterday with a first-time home buyer. He was interested in a condo in Santee but was concerned about the price being too high. I researched comparable sold and active property listings for him and determined that the pricing was bang on. The listing agent and seller had priced the property perfectly given all the variables of location, age, amenities, size, etc.


My buyer did not like that response and went on to describe for me everything that he felt detracted from...

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Show Houses in the Rain? Absolutely!

For most real estate agents, a rainy day means no showings. It is after all uncomfortable for buyers messing with wet umbrellas and no agent likes to get drenched trying to open a lock box.


On the other hand, there is a huge upside. I love showing homes in the rain because you get to see many of the home’s systems in action. Here are some things to look for that are not revealed on a sunny day:


Is the roof leaking? As you walk through the home, be on the lookout for wet spots on the ceiling...

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Will Rising Interest Rates Slow Housing Demand?

My short answer is “No”. Last year saw mortgage interest rates hit historic lows, but this week we are seeing a small increase with the average for a 30-year fixed mortgage at 3.14%. Obviously, higher rates mean you pay more for a home both monthly and in the long term, and in a balanced market this might begin to slow demand. However, inventory is so low it is doubtful rising rates will have a major slowing effect.


As the year progresses interest rates are expected to continue to rise...

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It’s Easy to Sell my Home in this Market, right?

With most homes on the market receiving multiple over asking price offers within days of being listed it is easy to assume that selling your home is a piece of cake. This has some homeowners scratching their heads thinking, “Dang, I can sell this myself and save thousands on commission. Why do I need a Realtor?”


Listing your home for sale by owner means you are willing to manage a transaction worth hundreds of thousands of dollars with no experience. Here’s 5 reasons why that is...

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Is the San Diego Real Estate Market Headed Back to “Normal”?

LOL! What the heck is “normal”? Here’s an update as of August 30 to give you an idea about how the market is trending.


To put it simply, the San Diego County market is still hot with prices increasing and supply dwindling. In August, the median price for a detached home rose to (gulp) $850,000. That is 15% higher than the median price one year ago. Not surprisingly, the inventory of homes for sale in August was 39.1% lower than 2020. The number of days on market was also lower with...

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Yikes! What’s Happening with the Real Estate Market?

Nationally, the first half of 2021 has been a head-spinning, record-breaking year for real estate, but how long can this continue? Here are a few facts I found interesting that should help us all better understand what to expect in the coming months. This is a national snapshot based on figures provided by the National Association of Realtors and Moody’s Analytics.


Have we hit the top of the market? The short answer is maybe. At least we’re seeing signs that it is softening. Recently the...

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San Diego Real Estate Spring 2021

As we head into what is traditionally the start of the home buying season we are faced with a highly competitive market, shaped primarily by lack of inventory. Active listings throughout California fell an average of 52% in February as compared to one year ago. The market was also driven by lower interest rates. In February of this year a 30-year fixed mortgage was 2.81% compared to February 2020’s rate of 3.47%.


The lower rates mean that people can afford to pay more, which they have to if...

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First Community of 3-D Printed Homes to Open in Rancho Mirage

I don’t know about you, but I can barely wrap my head around the idea of making some plastic trinket with 3-D printing, much less turning out a whole home! But it’s happening. The country’s first 15 home Community of 3-D printed homes will be built in Rancho Mirage, CA and are scheduled for completion by next spring.


The project is a collaboration between Beverly Hills green homes developer Palari and Oakland based housing technology company Mighty Buildings. According to the LA...

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