Two years ago, the National Association of Realtors began the Clear Cooperation Policy, a directive that compels agents to submit their listings to the MLS within one business day after any public marketing. It was an attempt to quell off-market sales, but Glenn says...
Hopefully this will come as a relief to home buyers here - hat tip just some guy: When a house in Berkeley sold for more than $1 million over its list price in late March 2021, it was covered in media outlets across the Bay Area, including this one. While the Berkeley...
The trend of paying over the list price continues! NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% Most sellers and agents are happy just to get 1% to 5% over list. The big winners who got 20% or more over list:...
The frustration among buyers on how listing agents handle their multiple offers is continuing to mount. Because there isn't any guidance from the industry, listing agents just make it up as they go - and in most cases, they just pick their favorite without any...
How do the NSDCC active listings today compare with last year? NSDCC Detached-Home Active Listings, First Week of May Price Range # Actives, May 2020 Avg LP/sf # Actives, May 2021 Avg LP/sf $0-$1.0M 59 $477/sf 7 $505/sf $1.0M – $1.5M 122 $524/sf 34 $779/sf $1.5M –...
Peak efficiency in this insane market deserves more examination. Specifically, the listings that have so many showings that some buyers get shut out, but then only a small minority of them submit an actual offer vs. quality presentation and pricing that gets a better...
A cash buyer acted quickly to snag this 1978-built one-story at the top of the hill in Old La Costa. The sales price of $1,201,500 (list was $1,048,000) and a two-week escrow was good enough for the seller, who I think was the original owner:
