Our listing on Oakridge closed escrow today at 27% over the list price! We had 18 written offers, and only one of them was cash. There were 17 parties were willing to pay the list price or higher, even with mortgage rates around 7%! I did what was in effect a reverse...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The new listing went active on the MLS at 4:30pm yesterday, and by this morning there have already been 1,700+ views - less than a week before...
Here we go again. Just as I'm ready to hit the go button on a new listing, I check the realtor hotsheet and THREE other listings provide new market data. Look at how these two dumped on price: Do sellers wonder if there were any other buyers before dumping 10% and...
The jumbo rate above is 6.1% at no points, which means you can get into the mid-to-high 5s with the buyers - or sellers - paying a point or two. I'm going to mention it in the description of the new listing. With the discounts already in place in some areas, and last...
Our new listing in Carmel Valley! Open 12-3 this weekend. Check out this attractively-priced Portico home with fully remodeled kitchen, hardwood floors, 3 bedrooms + loft and downstairs den, sumptuous primary suite with two walk-in closets, and upstairs laundry room....
Hang on - here we go!
There are three types of sellers: Sure I'm motivated....if I get my price. I'll sell for what the market will bear. Desperate. Unless the home is a real trophy property, this isn't the market that tolerates aspirational sellers. For those who will only sell if they...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NSDCC Average and Median Prices by Month Month # of Sales Avg. LP Avg. SP Median LP Median SP Feb 224 $2,298,797 $2,257,334 $1,719,500 $1,758,000 March 252...
I'm back in Carmel Valley, 92130! Historically, we have identified healthy markets by those that have a 2:1 ratio of actives to pending listings. On October 20th, there were 57 actives, and 17 pendings in Carmel Valley. Today, there are 42 actives, and 21 pendings in...
In the graph above, the active inventory hasn't been decreasing like I thought it would be, given that Thanksgiving is a week and a half away. You can't say that nothing is selling, because there have been 50 closings between La Jolla and Carlsbad in November so far,...
