We have three more showings today and then almost 200 people will have seen the house since Friday! Next we will engage in open bidding by phone with all interested parties and let the MARKET decide the winner, not the listing agent (which is how everyone else does...
To demonstrate the imbalance between the supply and demand, look at the view counts of our new listing on the two search portals in the first 33 hours on the open market: Views: 3,051 Saves/Favorites: 171 I received three phone calls from agents letting me know that...
Are we going to get a surge of new listings in the coming months? Our recent history doesn't suggest it - the San Diego inventory has been the worst around (thanks Bill): But let's consider what used to be normal, and see if we can connect the dots. NSDCC Number of...
Impressive momentum to wrap up the year, with almost half of the buyers feeling the need to pay over list: NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% April: 55% May: 54% June: 59% July: 64% August: 55% September: 41%...
Why do buyers offer $100,000-$200,000 over the list price? The sellers and listing agents aren't demanding it. The home isn't priced $100,000-$200,000 under value. Half the homes are selling for list price or under. There will be others for sale. There isn't a threat...
Just an early-frenzy temperature check here - how many people are out looking at an older condo priced at $1,550,000 in the first week of January? I saw 20+ visitors INSIDE the home. Link to listing Agent said he already has three people who want to write a full-price...
These look like the towns to which people from New York and California are moving. Excerpts: The boomer tide in the for-sale housing market is expected to continue to rise for at least the next 8 years; younger millennials will be hitting first-time home buying age at...
Buyers who stalled their home search when school began are going to be shocked at recent prices. In September, there were two sales of the larger 3,362sf floor plan; one was $1,869,000 and the other was $1,875,000 (both under list). So when this house came on at...
The best thing about 2021 for Kayla? Her new boyfriend Frank, who is a great guy and quite a golfer too! Natalie signed with a new talent agent and has high hopes for next-level work in the new year. Dancing on a concert tour would be ideal, all while being our...
People say to me, "I bet you're loving this market", expecting that realtors are raking it up these days. Not really. I lost 50+ bidding wars with buyers this year who lost out to others who insanely overpaid with no regard for the comps, or because listing agents...
