Year: 2018
Typical Home Seller?
Hat tip to Kerry for sending in the latest on the Oracle's house in Emerald Bay. The listing has run a typical path - while ignoring the current condition of the home, and able to make gobs of profit at half the price (the original $11M list price was 7233% above...
More Boomers In Debt
Will the current turbulence in the real estate market make boomers drop everything and list their home for sale in the coming months, or just scoot a little closer to the exits? How many were already counting on every dollar of equity based on their lofty estimates of...
Virtual Real Estate
Hat tip to Rick for sending in this incredible VR - I need to broker these! Investors are spending real money to buy land in a new city that only exists in virtual reality. Buyers can build whatever they want on their plots in Decentraland. Many hope to make a profit...
Open House Signs
More on how I use the open house as a selling tool:
New Ads from N.A.R.
The National Association of Realtors (who smartly reeled back their launch of a $250,000 new-logo-that-looked-like-the-old-logo campaign), is running new ads in 'a limited campaign targeting millennials'. Here are samples - I'll wait over here by the phone for those...
San Diego Case-Shiller Index, June
Another new record! But we are cruising into Plateau City. From cnbc.com: Homebuyers are pulling back, and prices are finally following. Home prices are still rising, but the gains are shrinking. In June, prices nationally rose 6.2 percent year over year,...
Inventory Watch
There are 117 NSDCC houses for sale listed under $1,000,000 today, which is the highest count of the year - even though the average cost-per-sf is near the low of the year ($430/sf). But the rest of the market is holding up, based on the average cost-per-sf of the...
Sunday’s Open House Report
A quieter Sunday at the open house - about half the people as the crowd on Saturday, which makes you think that the internet advertising is what brings them and they are happy to wait until the first open house:
Saturday’s Open House Report
Over 100 people attended my open-house on Saturday, which goes to show you that the market is alive and well if you can get the right combination of house condition and price. I don't worry about being under-priced, because I know that my method of maximizing the...
