The amount of new listings is up 5% year-over-year, which isn't alarming - in fact, it could have inspired more sales, like in 2013. Instead, there are 22 fewer sales this year, which isn't bad because 2015 was a great year. NSDCC Action Between Jan 1 - May 31: Year...
Month: June 2016
NSDCC May Sales
Low mortgage rates are keeping the party going! As mortgage rates dipped back into the mid-3s in February, buyers responded. The closed sales in April and May were healthy, and supported by sellers who are being reasonable about price - the cost-per-sf is about the...
Open House Report
When selling a custom beach house, or any house that has a smaller pool of buyers, you can't leave anything up to chance. Great staging, mass exposure, vivid photography and video, and an agent who recognizes the positives - and can sell them:
Buyer Tips in a Seller’s Market
Hat tip to bode for sending this in, and noting the importance of #3! http://www.trulia.com/blog/mistakes-buyers-make-in-sellers-market/ The real estate market fluctuates often, making it tough to predict whether the market will favor buyers or sellers when it’s your...
One-Story Premiums
Richard and I were discussing the phenomenon of houses selling for prices that are well-above comps - and how they almost always end up being all-cash sales. Back in the day, the cash buyers always demanded the best deals - figuring that because they were paying cash,...
Mortgages 2016
Zestimates to Improve 25%
They don't have a direct feed from our MLS, but they give themselves the highest 4-star rating for San Diego? Median error = half the San Diego zestimates are wrong by more than 6.2% Zillow, the leading real estate information and home-related marketplace, today...
Robert Palmer
Were you around in 1988? Remember this music video from Robert Palmer and the girls? He died of cardiac arrest in 2003 at age 54:
Neptune
The listing agent Paul is a great guy and authorized this video tour for the blog:
Favorable Mortgage Rates Continue
Anyone who thought that the threat of higher mortgage rates would cause buyers to rush their home-buying decision can chillax, as Kayla would say. The threat has subsided, making buyers even more comfortable and deliberate in their search for the perfect match. These...