February sales have been fairly uniform as pricing marches higher - it's almost as if pricing doesn't matter: NSDCC February Sales & Pricing Year # of Sales Avg $$/sf Median SP Median $$/sf 2013 188 $399/sf $887,500 $334/sf 2014 180 $487/sf $927,500 $378/sf 2015 171...
Even though the ten-year yield has plummeted, mortgage rates have been slow to follow - they actually went up a little today. Today, we heard the all-time best excuse, which explained everything: "We're too busy", said the mortgage industry, which is code for 'we are...
Above, you can see the red line showing that we are close to the same total number of pendings as we were in 2018 - and finally, a 100+ week of new listings below: Month Weekly Number of Listings, 2019 Weekly Number of Listings, 2020 January 92 56 81 76 77 71 87 62...
The road less traveled has always been your domain… and when that road ran out, and the others chose to yield, you forged ahead. So… it is no surprise that you find yourself, here, at the peak of what the others dream about. As a tribute to your perseverance, your...
When we joined Compass in the summer of 2018, it was clear that the evolution of residential resales was trending towards off-market sales. I said then, "we have to make sure that we're on the right team". The National Association of Realtors tried to affect the...
This will be a nice comp for my listing on Boquita - this closed this week for $2,400,000:
What do you do when you receive a full-price cash offer with a noon deadline on Saturday morning? You take the deal and cancel the open houses. Consider the evidence: I'm watching the lockbox notifications and the agent had been there three times. Twice I spoke on the...
Once things cool down, this is what it's like (above). But the open-house extravaganza starts tomorrow at noon, and I like my chances! It's been shown four times by agents already, and a fifth couple rolled up when I was there today. Though they have an agent, I spent...
Hat tip to Mark for sending this in! Spencer Rascoff, the co-founder and former CEO of Zillow, has put his Brentwood Park estate on the market for $24 million, according to Redfin. The asking price is $7 million over the “Zestimate,” or Zillow’s appraisal of what the...
I know what you might be thinking. "Jim, your condo listing looks like a quality buy......but I need a big joint!" "How much would it cost me to get a large contemporary where I can walk out my backdoor and stick my toes in the sand? And maybe pick up an inflatable...
