Remember the agent featured here last week who bemoaned that she didn't have any offers after the first weekend, when she usually has five? The house went pending two days later. The UNDER-$1,200,000 Market: Date NSDCC Active Listings Avg. LP/sf DOM Avg SF April 29...
If you are buying, look hard at what's being offered:
The basics on where the real estate market is today (no bubble). He expects the standard 5% to 6% appreciation, and says that the concern over shadow inventory has been 'overblown'. He doesn't mention that he was one of the shadow-inventory alarmists when he was...
If you are used to $1,000,000 not getting you much, then this isn't a bad buy. The yard alone will probably sell it:
Yesterday reader DaCounseler asked about value-range pricing, and how it shows up on the statistics. Using two list prices to create a 'price range' was added as an option about ten years ago as an alternative to "get the conversation started". It does provide one...
There hasn't been much hesitation around Carmel Valley, though the designated school, Ashley Falls, had to help this sale. An inferior model-match closed for $975,000 in February - but this still went pending within 7 days:
How much inventory is too much? We've had 12% more NSDCC listings this year than in the first nine months of 2012, and stoked by ultra-low rates, the extra inventory helped build sales momentum. Comparing the nine-month totals, sales increased 10% this year, and...
Mozart says that the recent hockey-stick change in the data is merely seasonal, and he expects 7.20% more appreciation in the next 12 months around NSDCC - and he has been right before. This graph would seem to indicate the same - just the usual malaise we see at the...
Reader 'Native sd' asked, What do you think the appreciation will look like as we plateau? Given 21% yoy in sd, half of that or 10% in the next 12 months and halved again or 5% for the 12 months after that or a steeper drop off? Also zillow not only had their...
It is natural for home sellers to resist lowering their price. No matter what the evidence is, we want to believe that there has to be other alternatives. The blame game usually starts early too, and virtually everyone makes the list: 1. The agent isn't doing enough....
