If you are on the fence about how to sell your house, and you don't really need to sell anyway, here's one reason to go all in and sell on the first try. You sure don't want to fail, and be an expired listing. You remember our sellers who decided to rent their house,...
Month: October 2022
Price Dumping As A Strategy
By now, it's obvious that I'm a proponent of attractive pricing that creates instant urgency and a quick sale. Those who can properly handle a bidding war can work with the contestants to find top dollar, and I've found that it's literally easier to go up on price,...
San Diego Case Shiller Index, August
Now they are calling it 'forceful deceleration'.... San Diego Non-Seasonally-Adjusted CSI changes Observation Month SD CSI M-o-M chg Y-o-Y chg Jan ’20 264.04 +0.2% +5.1% Feb 265.34 +0.5% +4.6% Mar 269.63 +1.6% +5.2% Apr 272.48 +1.1% +5.8% May 273.51 +0.4% +5.2% Jun...
FATCO Repeat Sales Index
The local Case-Shiller index is due tomorrow, and expectations are for a 2% drop from June. First American has their own repeat-sales index which is already showing a 12% decline in San Diego pricing (above)....
Bidding War!
Between trying to watch the Padres game on my phone and the crowds of people looking at the house yesterday, I couldn't get any more footage than this: After having roughly 300 people attend the two open houses, we have received 14 offers! We have countered all of the...
Inventory Watch
What does an uptick in both actives and pendings mean? The local market has finally succumbed to the trend of higher inventory and declining interest, or We've hit bottom! After the beating the market has taken over the last 3-4 months, you'd think sellers would be...
Saturday Open House Report
This is shaping up to be the craziest Sunday of the year!
Revised Estimates of Value
Just a quick reminder of the constant grift in real estate. Before the listing was entered onto the MLS: After the MLS listing was inputted - at least they didn't recreate the history graph.....yet: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Before the listing...
There’s Nothing Price Won’t Fix
I inputted my new listing around 10am this morning, and the first agent to inquire must have been within a block away. Another showed it at 12:15, and at 12:40 she called me to say they are writing an offer too. Within three hours on being on the MLS, we have EIGHT...
Our New Listing in Del Cerro
We've been on this case since February helping to direct the final repairs and improvements in preparing for sale. In the beginning, there were hopes of listing for as much as $1,500,000, but as the market conditions developed, we have to be smart about pricing. It's...