Thanksgiving is right around the corner! Are your holiday pies handled yet? Please join us and help make an impact on those in need this holiday season. Mama’s Kitchen is an organization that delivers meals to homebound individuals vulnerable to malnutrition due to...
Month: November 2022
Inventory Watch
Of the ~400 NSDCC homes currently for sale, only 16 went pending in the last week - the lowest number since the first week of the year. 96% of the active sellers would rather hold out on price and stay on the open market in mid-November! If they are priced under...
Wedge
A house in this location would be a party! Priced at $35,995,000. https://www.compass.com/listing/2168-east-oceanfront-newport-beach-ca-92661/1152385497636404881/
Bedside Manner
I don't mind a home inspector bringing up every detail - what matters most is how they present them. We call it 'bedside manner'; like the doctors who are able to tactfully tell their patients the truth in a way that they gently understand and accept. After this sale...
Back-on-Market Discount
Our one-story listing in Aviara closed escrow today. We had listed for an attractive $1,800,000 in mid-September, and had about 2,600 views on Zillow in the first five days (see above). We received three offers, and accepted the highest at $2,100,000 cash. Previously...
Signs of Swingers
Did you know that a garden gnome is a sign that the homeowners are swingers? They do say no one knows what goes on behind closed doors – but is your neighbor giving out secret clues that they’re a swinger? Yesterday we told how sales of garden pampas grass have...
Encinitas Gated Culdesac 4-Car
This home listed for $3,595,000 but didn't have any takers over the first five weeks. They 'refreshed' the listing (let it expire and then relisted as a new listing), with a lower price of $3,445,000 - a discount of 4%. They found the buyer a week later who paid...
Market Conditions As Seen By Realtors
Of course the current conditions look worse when comparing to the hottest real estate market ever. Having bidding wars on 21% of homes for sale sounds great to me. The discouraging part about Bill's post today is how the realtors have bought into the negativity. This...
Notice to Buyer to Perform
Buyers have become more reluctant about executing the terms of the contract - and the NBPs are back! Here is the explanation on how they work: Q. My buyer was sent an NBP on Wednesday. My question is does the NBP expire 48 hours from delivery/reception, or at 11:59:59...
Predicting 2023 Annual Sales
In California, about 70% of the outstanding mortgages have a mortgage rate below 4%, which means it's unlikely that many of those homeowners will move if they have to qualify for and accept a much-higher rate. Plus, about 30% of local homeowners don't have a mortgage....