Everyone says that inventory is low because potential sellers don't want people in their house during covid......but that's not stopping the buyers! The showing counts are rising quickly and more people are looking - maybe more than ever for early March: The...
The trend of paying over the list price is increasing. NSDCC Detached-Home Sales Closed Over List Price January: 38% February: 43% March: 51% (of the first 75 closed sales of the month) Most sellers and agents are happy just to get 1% to 5% over list which will cover...
This Brentwood Heights culdesac home on a 27,007sf lot in Olde Carlsbad had one of the better granny flats - and was hotly contested. We were hoping to talk the seller into paying off the $259/mo. solar lease, but he probably didn't have to. It closed today for...
I love hearing from new readers! Hi Jim, I have recently stumbled upon your blog and find it very interesting as I am an appraiser in San Diego. I wonder if anyone has considered that the low inventory levels are in part because home prices are going up so fast why...
My guess was that we'd have 10% MORE listings this year, as a result of there being a few more reasons to move - covid letting up, Prop 19, forbearance expiration, etc. Instead, we have covid hanging around, Prop 19 has been a dud, and forbearances have been extended...
The industry has been abuzz over Zillow buying ShowingTime, our appointment-scheduling service. Wouldn't it be great if Zillow published the number of showings publicly? The intel that could be gathered would be of great interest to buyers, and help enhance the...
There will be a whole new wave of lawsuits against listing agents who insist on rushing buyers through the process. They think it's a good thing to shorten the contingency periods and then make themselves scarce - and they are going to get what they have coming to...
Here are the percentages from January: Here are February's winners: Most % Over List Price List Price Sales Price Percentage Over List Price...
The NYT has another article lamenting the drop in the number of homes for sale, and offered some reasons, like covid reluctance, sellers skittish about finding their next home, forbearance relief, the lack of building new homes, and people keeping their old home as an...
This is the property where the listing agent received 50+ phone calls in the first 24 hours on the market. She raised the list price from $1,595,000 to $1,795,000, but the bidding war persisted. Ten offers were submitted, and it sold for $2,060,000 cash, or 29% above...
