Cleve Shirley, REALTOR

11/26/2025

11/20/2025

I’ve officially joined Compass.

I’m really grateful for everyone who’s supported me over the years: friends, clients, partners, colleagues. It means a lot, and it’s a big part of why I have made this move.

Compass has built an incredible group of agents nationwide, and I’m excited to be part of a team that’s really pushing the industry forward. The platform gives my clients access to more resources—more off-market inventory, better collaboration and communication tools, and options that help sellers get the most for their homes.

I’m genuinely excited about this move and I wanted to share it with you. If you ever need anything real-estate-related, I’m here.

09/13/2024

Mortgage rates have dropped to new lows for the year, down to 6.15% according to Mortgage News Daily. This is down from an April high of 7.5%. We have not seen it yet but this increased affordability will allow more people to qualify and will boost the buyer pool.

Pending sales (an indication of demand) are actually down the past two weeks by 5% even though rates have been dropping. This is likely due to industry changes that were implemented on August 17th. The last time there was a major industry change like this was in 2015 when a new loan disclosure process was implemented. Sales were off for about 30 days while the process wrinkles were ironed out.

This slow down over the past two weeks has allowed inventory to increase 1% and is now at its highest level since August 2022. This is still 33% lower than our benchmark for normal--the three year pre-covid average. Homes are selling slower than they were earlier in the year. It is taking 78 days from start to finish--up from a 2024 low in February of 43 days.

If you have questions about buying or selling in this market, please reach out. You can call or text to 619.822.4000.

08/24/2024

52% of active listings have been on the market for at least 30 days. Another 28% have been on the market for over 60 days! 🤯

It is taking homes longer to sell than during early spring or last year. The current expected market time is 73 days. In February, it was 43 days--the hottest reading in 2024 and an exceptionally fast pace. This time last year it was 45 days. Why has the expected market time increased so much? Active inventory is at its highest level (4,570 homes for sale) since August 2022. Last year it was 43% lower at 2,621 homes for sale. Meanwhile, demand (the number of new pending sales) is 8% higher than this time last year but it has not kept pace with the increase in active inventory. It's notable that inventory appears to be peaking, which is typical for this time of year but demand is actually increasing--which is atypical for this time of year. That is, of course, being driven by the significant drop in mortgage rates. Look for the trend of an unseasonal increase in demand a seasonal decline in inventory to continue. This could also be magnified on the heels of revised unemployment numbers and the potential for more aggressive than anticipated Fed rate cuts. Stay tuned.

08/15/2024

Just Listed!

Call or text for more information or for a private showing: 619.822.4000.

Nestled in the coveted enclave of Olivewood Terrace, 2834 L Avenue presents a rare opportunity to own a slice of San Diego's hidden gem. The three bed and two bath house is a sizeable 1596 sq ft and offers ample room for your family to spread out or entertain in style. The massive 12,100 sq ft lot is only limited by your imagination. Whether it's a garden, a play area, or an ADU, this lot is your canvas. The prime location is just a stone's throw from both Downtown San Diego (10 minutes) and Downtown Chula Vista (less than 5 minutes). You're perfectly positioned for city life or a quick escape to the coast. Plus, easy freeway access means your commute is a breeze. The home has been meticulously maintained, and now it's ready for a new owner's personal touch. It also has a garage 2-car garage for parking and/or additional storage, or perhaps your next workshop or hobby space.

https://s.paragonrels.com/goto/Gk-hbQ3Nb6r

Cleve Shirley
DRE 0132520

08/15/2024

Starting Saturday, August 17th, changes stemming from the National Association of Realtors (NAR) settlement in the Stitzer-Burnett case will come into effect. These changes will impact how real estate transactions are conducted, particularly in how buyer's agents and their compensation are handled.

Two major rule changes will be implemented:

Written Agreement Requirement: Buyer's agents must now have a formal written agreement with their clients. This change ensures that the terms of representation, including compensation, are clearly defined from the start of the home-buying process, before touring homes. The agreements must include the agent compensation, a term stating the agent cannot receive compensation that exceeds the agreed amount or rate, and that broker fees are fully negotiable and not set by law. Although buyer agreements have been used in the industry for years, they are now mandatory. I think this will lead to better-defined roles and improved buyer agency overall.

Advertising Compensation Restrictions: NAR-affiliated Multiple Listing Services (MLS) will no longer advertise the compensation offered to buyer's agents. This does not prevent sellers from covering the cost of the buyer's agent if agreed upon. Look for the buyer's agent's commission to be written into the offer as a credit from seller to buyer, unless the buyer chooses to cover the cost out of pocket.

I'm sure we will see an evolution in the process as feedback is received from the market. Ultimately, I think we will see positive change and more transparency.

If you have any questions or concerns about how these changes might affect your real estate transactions, please don't hesitate to reach out.

06/10/2024

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04/23/2024

Whether you're looking to downsize for simplicity or expand for more breathing room, finding the perfect space to call home is key. 🏡✨ Let's explore homes that fit exactly what you need—be it cozy and compact or spacious and sprawling. Reach out today, and let’s make your ideal living space a reality!

04/12/2024

Ready to pounce into the world of homeownership? Let's make your dream den a reality – from cozy catnaps by the window to hosting friends for purr-fect gatherings. Message me today to start your househunting journey.

04/11/2024

Take a look at these houses that are listed for LESS than the current median sales price for detached homes in San Diego.

Detached homes for less than the city Median price