I had said previously that the frenzy will run out of gas in June. I'm sticking with it. There aren't enough new listings coming to market to keep the buyers' interest. It is the momentum of seeing hot new listings flying off the market every week that keeps the...
People are curious about where today's buyers are coming from, and while results may vary for each individual neighborhood, we might be able to get a general sense from data like this. Not everyone who is looking is an actual home buyer, and not everyone uses this...
A gravel road for access and home is on septic, not sewer. Still sold for $86k over list!
In last Saturday's blog post, I mentioned three reasons why San Diego real estate was undervalued, and pondered that there are new market forces in play that we haven't seen before. While people will scoff at the idea that it could be different this time and insist...
One caveat to having open houses is actually having homes for sale!
The frenzy conditions have been building for years - see this old blog post from 2017 (above). We were discussing it all through the second half of last year that the 2021 Frenzy was going to be huge, and the signs were so obvious that even Ray Charles could see them!...
I've been leaving my buyer & seller tips for dealing with frenzy on our Instagram Reels @klingerealtygroup. Here is a compilation of ideas you might not hear elsewhere:
With the California Department of Public Health allowing open houses now, it would seem that we are getting back to normal. The industry has done open houses for 100 years, so taking a few months off shouldn't inhibit the practice from coming back. Or will it? It...
The California Dept. of Public Health has just updated its guidance on open houses, and further updates are pending. The following is now on live on the COVID-19.ca.gov website. C.A.R. will be providing more details regarding this guidance so that REALTORS® are in...
To gauge the frenzy intensity, let's monitor the number of active and pending listings per area. If the count of unsold homes starts to rise, we will know that pricing is becoming an issue. NSDCC Actives and Pendings Town or Area Zip Code Actives/Pendings, Feb 2nd...
