Mira Mesa Monitor

User Forum Topic
Submitted by sdrealtor on January 20, 2021 - 1:42pm

Im going to start tracking the SFR market here as it seems more of a bellweather and is very interesting. Early 2020 the starter 3BR homes were low to mid 600's but by late Summer market was low to mid 700's with every decent home hotly contested. The majority of the homes were built around the same time, around the same size by Pardee. Its as homogenous a market I can think of for SFR's with differences mostly attributable to which of the 4 quadrants it falls in and even more so lot size.

Ive got a bunch of friends and past clients there so lets start following it and see where it goes in the land of too many walls and lizards

Submitted by jmw on October 6, 2021 - 5:15pm.

Can you easily search ibuyer activity? Sales with no listing

Submitted by sdrealtor on October 6, 2021 - 7:28pm.

jmw wrote:
Can you easily search ibuyer activity? Sales with no listing

What I can do is search a specific company in the tax records and tell you how many homes they own. Any you are interested in?

Submitted by jmw on October 9, 2021 - 8:55pm.

Redfin. Cuz they’re in the middle of a flip down the street

Submitted by sdrealtor on October 13, 2021 - 11:19am.

Sorry for delay, I missed deadline for sending my 1/4ly dues and mls got cut off. Paid it and should have it back shortly. I'll take care of it then

Submitted by sdrealtor on October 13, 2021 - 2:39pm.

jmw wrote:
Redfin. Cuz they’re in the middle of a flip down the street

So I ran numbers for Redfin and they only have about 26 in SD County. The big players are Opendoor which has about 130 and Zillow which has 242. Generally speaking these are mostly in lower and middle class areas or attached/condos. its hard to know exactly what zillow pays but they seem to be losing money on most of what they buy and sell and are tring to figuree out the business model rather than turn a profit

Submitted by sdrealtor on October 13, 2021 - 2:41pm.

New listings 10 -

New Pendings of 14 -

Closed sales at 6.

Price reductions at 0.

Current inventory at 16 with median price of $887K

Of the 16 houses on the market over half have offers and arte negotiating. If they moved faster pendings would be over 20. This is a very solid market

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