We are in the prime selling season! In the weekly reports since the end of March, we have averaged 105 new listings each week. They aren't all high-enders either - the median list price has only been $1,399,900 since March 28th. The average list prices are about 5%...
Month: May 2016
Open House Report
The weather was fantastic this weekend, and we had good traffic - 40+ people each day. You know you have a specialty product in a mostly custom area when the zestimates are bouncing around. Here is our zestimate history since Thursday. BEFORE ZILLOW INPUT on Thursday...
Gazumped
Colin asked me if I had ever been 'gazumped'. Not being familiar with the term, I hoped not! I've been gazanged a couple of times though! From wiki: Gazumping occurs when a seller (especially of property) accepts an oral offer (a promise to purchase) on the property...
Kayla’s Korner
Our hot new listing in Leucadia on a quiet culdesac by the beach! Open House Saturday and Sunday, May 21 & 22 from 12:00-3:00pm! Saturday: Donna and Kayla Sunday: JtR ...
Current Market Trends
Here are the thoughts of a two-percenter agent from the Bay Area about her market, which are probably about right. Instead of wild bidding wars, there might only be one or two offers per house - which will leave sellers' egos disappointed, but the market will...
Zillow is “Killing It”
Candye Kane, RIP
Camdye Kane was a well-known blues singer in San Diego, and befriended people in bands like Social Distortion, James Harman, and Los Lobos. Unfortunately she died on May 6th, at age 54: https://en.wikipedia.org/wiki/Candye_Kane
Nothing Price Won’t Fix, Part 2
The Bloomberg story already got picked up by Vanity Fair and realtor.com. Is this new news, or just what we've been seeing around NSDCC for months? All that matters is what buyers' perception will be....
Nothing Price Won’t Fix
A pullback in Silicon Valley? It could happen anywhere! http://www.bloomberg.com/news/articles/2016-05-17/silicon-valley-mansions-linger-on-market-in-real-estate-slowdown Excerpts: A custom-built home in the heart of California’s Silicon Valley had its price cut by...
One Left Standing
Do you think the contractor 'accidentally opened a hole in one wall'? A Florida developer tears down an entire neighborhood, leaving only one townhouse after owner refuses to sell.