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Nicky's Neighborhood News!
5 Fun Facts!

#1 - Open houses are back! 

Masks and social distancing are still required, and all buyers must sign in and declare they haven’t recently had or been around anyone with COVID-19 symptoms. But buyers are no longer required to make an exclusive appointment to see a home.

#2 - Almost 60% of pandemic homebuyers moved to a new city within the same state, and often to a less populous city/area.

#3 - Nationwide, almost 50% of homes sold for more than their list price. 
That’s up from 1 in 4 this time last year. Of those sales, homes received an average of five offers, and 25% were cash.

#4 - The sale of high-end homes surged 26% from February to April, versus 15% for mid-priced homes. Prices of high-end homes also saw a considerable jump, up 14%.

#5 - For nearly one-third (31%) of millennial first-time homebuyers recently surveyed, the ability to save extra money during the coronavirus pandemic helped them accumulate the money needed for a down payment. 
 Why You May Want To Cash in on Your Second Home
When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight.
Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen:
San Diego’s home price hits a record $700K. Will prices ever stop rising?
CoreLogic data says prices have increased 17.8 percent in a year.
MAY 26, 2021 2:10 PM PT
San Diego County’s median home price smashed through previous records to hit $700,000 in April.
It represents a 17.8 percent price increase in a year, said CoreLogic data provided by DQ News. The median home price — which includes new and resale homes — has not increased at such a pace since October 2013 when the county was still recovering from the Great Recession. The previous record median price was $680,000 in March.

MAY 7, 2021
Inside Bill and Melinda Gates’s Bonkers Portfolio of American Real Estate
Their US-based homes alone have a combined annual tax bill of up to about $4 million.

After 27 years of marriage, amassing a planetary fortune and founding a namesake philanthropic enterprise with an endowment of nearly $50 billion, Bill and Melinda Gates announced this week that they’ve decided to split up in the most modern of ways, via Twitter. The split appears to be amicable, and the erstwhile couple says they will continue their roles as co-chairs and trustees of the Bill & Melinda Gates Foundation. They will, however, need to divvy up their Brobdingnagian pile of assets, a no doubt Byzantine enterprise that has people around the world wondering who will get what.

Vendor Referral of the Month

Me, Nicky Johnson
Owner, Nicky Johnson Sells Homes
Yes that me, in the Vons grocery store, in La Costa. Promoting myself as your local Realtor and neighbor.

Thanks for all your support. :)
Decorating Tip of the Month!
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