September 24, 2005 was a Saturday, and early that morning I started a free account on Squarespace to begin this blog.
At the time, Arnold Schwarzenegger was our governor, Kayla had just started her freshman year of high school, and I had more hair!
I had already been warning sellers that this party wasn’t going to last, and I thought that if I could produce a steady stream of data to make my case, they might be more inclined to believe it, and take the appropriate action.
Boy, was I wrong.
But home buyers were interested in the locally-based data, and thanks to a few breaks from Rich Toscano and Bill McBride, the audience began to grow.
Ten years later, here we are!
Join us on the evening of September 24, 2015 to talk about the good old days! I will practice on Google Hangouts between now and then, and we’ll do a live broadcast to discuss the last ten years.
Have a specific topic you’d like to cover? Favorite moments? Video clips?
Leave your ideas here in the comment section, and we’ll build a show – and hopefully have some special guests too!
Fallbrook isn’t on our regular route here on the blog, but seeing houses like this can keep pricing in perspective. I’m also hoping to demonstrate that I can sell any house, any price, any where – let me help you!
Houses that have been on the market for more than 60 days (which includes 507/1,079 = 47% of NSDCC active listings) missed the hot season.
“If it hasn’t sold by now, something is wrong with the house, or the price.”
Some people use the days-on-market statistic has a primary search feature. Even if the list price has been reduced, just the longer market time can cause buyers and agents to miss the longer-listed properties.
So not only are those listings easier to pass up, the buyer pool in general is shrinking due to the time of year. It’s too easy for them to pack it in.
It’s going to get tougher for the older listings to find a buyer, unless they get aggressive on price. But how many sellers will knock 5% to 10% off their price? Not many.
1. The list price has to be at least 10% wrong if not selling for months.
2. Most unsold listings aren’t that far off. Buyers would be interested in many of the active listings at 10% to 15% under list.
3. Sellers are reluctant to chop that much off their price.
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