The current demand for housing doesn't get much coverage. Here's a video that captures a glimpse of it around Carmel Valley:
Bring On the Shadows
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Carmel Valley
Fourth Day Is Peak Urgency
A reader named 'interested_buyer' sent this in: jim, i'm not interested in the lavendar property, but i was interested in how long/how many bids you were going to take before you recommended to your client that they should take a particular offer. if you don't want to...
Carmel Valley REO Cheapie
There are a few listings around Carmel Valley that came out hot this year.....but haven't sold. Will buyers snap up the less-expensive offerings, in spite of a flaw or two? Or will they wait? The REO in this video may not be a perfect test, because it's down around...
Short in CV
Does the previous sales price impact how much people pay today? Do buyers in Carmel Valley figure that if they are getting 20% to 30% off what the last guy paid, they did good enough?
CV Blow Out
After 12 days on market, this cash buyer even got a bit of a discount on their way to paying the lowest price for this model since October, 2002. Explanation? Questionable short-sale comps are influencing the regular sales.
CV REO Traffic
Some of what I get to live with during a regular day:
Slim Pickins in CV
Want to know how thin the inventory is? There wasn't a new 92130 listing inputted onto the MLS all day - house or condo. It's the second time this month that has happened, out of roughly 11,000 homes and 30,000 people. Will buyers get antsy enough that prices could...
CV – Compromise to Get Price?
Buyers are drawn to the $$/sf comparison, but when you see a house that looks too good to be true, it usually is....or there are some shenanigans involved. Would you consider compromising on something else, to get the price you want? If you say "no dice, I want it...
CV Motorized
The sales history of this property is displayed at the end of the video. With a 20% down payment and adding 0.50% to what the 30-year conforming rate was during the month it closed, here are what the payments would have been: Year Sales Price Rate P&I Pmt. 1992...
Gimcrack
A couple of thoughts, our hauler, plus the wrap-up tour of the new house in Leucadia:
