Here are the percentages from January: Here are February's winners: Most % Over List Price List Price Sales Price Percentage Over List Price...
How Much Over List, February
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Auctions
The Answer For Frenzy
With no real surge in inventory (yet), we are entering the hyper-frenzy phase now. It's an environment where most listing agents are ill-equipped to handle the pressure because they've never done this before. The only time we've been close to having insanity like this...
SB 1079
Hat tip to Susie who sent in this article about a law recently passed in California: The new rules apply to one- to four-unit properties sold at foreclosure auctions. If an investor wins one of those homes at auction, then people who want to live in it, as well as...
Segovia Shoot-Out
The Battle of Segovia is over. Two of the same models were for sale across the street from each other in La Costa. I had listed the green house on May 30th for $859,000, but because the seller claimed to be intensely private, he didn't want it on the MLS, no signs,...
Why Commissions Are High
My general rule-of-thumb is that if two people send me the same article, then I should blog it. Not only did two people send this in, but Henry Fung also mentioned to the article's author on twitter that she should read my blog, and as a result, she followed me. Now I...
19 Offers
Are you looking for proof that there are buyers being very patient, and are waiting in the wings until they see the perfect fit? Consider this one, which I heard reports of receiving 18, 19 or 20 offers. It was listed for $888,000, and closed for $1,000,000, or 13%...
CV Auction Update
With less than 24 hours to go in the REO auction, it looks like the seller got a little antsy and decided to push the bidding closer to their $1,499,900 list price. Will there be a flurry of activity right at the finish line? We'll see!
Carmel Valley REO Auction
Here's an interesting case in 2019. Wells Fargo foreclosed on this Carmel Valley home in November. It had been listed on the MLS for the previous 12 months, and it looked like the agent had been trying to process a short sale (it was marked 'contingent'). She had it...
Open Bidding
Realtors are fighting the idea of open bids? Agents prefer no rules: Ontario real estate agents are lobbying the province against the mandatory disclosure of offers among competing home buyers in transactions involving multiple bids. The Ontario Real Estate...
Realtor Class-Action Lawsuit 2
A few readers have sent in articles regarding the class-action lawsuit filed about commissions - an excerpt: A class-action lawsuit is seeking to upend the way homes are listed for sale and the commissions paid to agents. The goal, say the plaintiffs, is to make home...
