Selling the house and hitting the road sounds like an adventure. For some, it might be the only choice - and I think their numbers are probably increasing. I haven't seen this movie yet, but it looks like a good depiction of home on the road: P.S. My Dad worked at...
Month: February 2021
Frenzy Report
Del Mar Heights has always been a sexy option - the access to beach/freeway/UCSD is excellent, and two of the best elementary schools in the county are a short walk. Like in other areas, the inventory has dried up, so when this one hit the market, it created a tsunami...
How Much Over List, February
Here are the percentages from January: Here are February's winners: Most % Over List Price List Price Sales Price Percentage Over List Price...
California Showings
No surprise here, given what we see in the market today. But interesting that 2021 is off to 2x the start we had last year - which was pre-covid! New listings are down 20% to 25% while twice as many people are looking! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Sell for the Zestimate?
Would you sell your house for the zestimate? They say their accuracy is within 1.9% with on-market homes - no kidding! Of course, they concoct the zestimate after the list price is published, just like Redfin does. There’s been no shortage of news when it comes to...
Easement Impact
This one was better than the last one, but it had a funky easement granted to the neighbor that killed one sale and probably hampered this one. The list price was $950,000, and it just closed for $910,000 for 1,236sf built in 1959 on a 10,800sf lot:
Low Inventory, More Sales
The NYT has another article lamenting the drop in the number of homes for sale, and offered some reasons, like covid reluctance, sellers skittish about finding their next home, forbearance relief, the lack of building new homes, and people keeping their old home as an...
Staging 2021
Thoughts from our favorite stager! In the era when buyers are making very quick decisions, the quality of the photos matter more than ever. https://www.stagency.com/ They can help you with your interior design even if you're not moving....
Mortgage-Rate Massacre
This is turning into the February mortgage-rate massacre, and there's no real end in sight. But home sellers aren't going to believe for weeks or months that they might have to back off their price, so don't expect any changes. To say that bond market volatility has...
Frenzy of the Month
This is the property where the listing agent received 50+ phone calls in the first 24 hours on the market. She raised the list price from $1,595,000 to $1,795,000, but the bidding war persisted. Ten offers were submitted, and it sold for $2,060,000 cash, or 29% above...