The new listings are trickling in but no flood yet - and it's never been so unlikely that a flood is coming. There are a few more active listings sitting around unsold, but last year was unusual in how fast homes were selling this early in the season. Today's buyers...
Get lucky on this one! Hard to believe that I don't have any written offers yet, but it shows the caution in the air.
LP = $1,600,000 SP = $1,776,000 We represented the seller, and at the open-house extravaganza I had 200+ people attend. Most thought I was crazy for putting such an outrageous price on a home in original condition, but I received five offers and sold it for 11% over...
Our new listing in SW Carlsbad - come by this weekend! https://www.compass.com/app/listing/7215-wisteria-way-carlsbad-ca-92011/1238681599235116601
You might think that the frenzy conditions are starting to percolate again after watching this video! There were 13 offers submitted, and the winner had agreed to pay $1,410,000. But once they found that it needed a roof and other stuff, they agreed to a $40,000...
I don't know how they get this information, but it helps to confirm what it felt like in the second half of 2022 - buyers weren't interested. It looks like they are starting to come around now though:
I share a birthday with this guy:
This is from NYC but it still applies - and validates how buyers everywhere are watching the Days-On-Market very closely, and expecting discounts the longer a listing sits unsold. An excerpt: His findings (above) show discounts steadily rising around 2 to 2.5 percent...
I asked them to write a blog post for bubbleinfo.com. I think my job here is secure...... In recent years, the real estate market has been experiencing a phenomenon known as a "bubble." But what exactly is a real estate bubble, and why is it causing such a stir in the...
