We had 1,782 new listings of houses and condos last month, in a county of 3.3 million people? And only 1,332 active listings (I believe that is the count at the end of the month). Look at Phoenix and Las Vegas for comparison, where they have 2x and 3x as many...
Here is some of the evidence of what's been happening lately:
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...
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...
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...
We know that media types are looking to sell newspapers, and if it bleeds, it leads. The article in the UT this morning about the San Diego Case-Shiller Index starts with this: San Diego continued to slide down in rankings of the nation’s hottest real estate markets...
It is appropriate that the last reading of 2021 shows more pendings than actives (170 vs 164)! How does the last week of the year compare to previous years? I didn't split off the $3,000,000+ category until 2019, but you get the idea here: NSDCC (La Jolla to Carlsbad)...
