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Jim Klinge
Cell/Text: (858) 997-3801
klingerealty@gmail.com
701 Palomar Airport Road, Suite 300
Carlsbad, CA 92011


Posted by on May 15, 2018 in Carmel Valley, Jim's Take on the Market, Market Conditions | 1 comment | Print Print

Market Urgency

The house I had listed in Carmel Valley closed yesterday for $1,080,000.  We hit the MLS on the morning of Thursday, April 5th, and the marketing began right away with YouTube video on the blog, the 48-hour Facebook ad (above), and open house on the weekend.

Carmel Valley has been the hottest market in North County, so it was no surprise that we were getting 300+ hits on the ad and on the Zillow page.

The only offer was submitted on Tuesday, April 10th, and we questioned whether to counter at $1,090,000, or just accept the $1,080,000.  We used this graph below to help decide it – the phone wasn’t ringing, and the Zillow views were dropping quickly:

My sellers signed the offer.

The initial urgency around a new listing dwindles faster than ever, and it doesn’t get better later, unless other higher-priced new listings happen nearby.

Is it a sign of a slowing market?  Or just the reality of real estate sales in 2018?

Buyers have ample internet tools, and are making decisions in an instant.

1 Comment

  1. If these Harvidians get their game going, prime Cali housing will really dry up, while emphasizing the word “lord” in “landlord”:

    https://www.technologyreview.com/s/611018/a-stealthy-harvard-startup-wants-to-reverse-aging-in-dogs-and-humans-could-be-next/

    Before scoffing, remember back in the day when Captain Kirk’s communicator seemed magical? Today, it’s just a piece of crap flip phone, that can’t even do FaceTime. Ya feel sorry for the guy. Things move fast.




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