This year, we are ahead of both of the previous years in total sales, in spite of having 14% fewer listings - and prices being 30% to 40% higher! NSDCC Listings & Sales, Jan 1 to Aug 31 Year # of Listings Between Jan 1 - Aug 31 # of Sales S/L % Median SP 2019 3,585...
Our local home prices have been rapidly escalating over the last year. First, we ran out of NSDCC houses for sale under $1,000,000, and today there are only 6 for sale priced under $1,100,000! What are the alternatives for those buyers who want to spend less? Buy a...
This is a repeat of the 2br house featured on my tour a few weeks ago, with the resulting sales price. The agent admitted they priced this 2br house low on purpose to attract a crowd, and it worked. The list price was $699,000, and it sold for $1,100,000 cash....
I said the other day that it will become hard to sell. But wait - isn't the demand overwhelming? Yes, but it's a price thing. It will be harder to sell.....at your price. Think of the pressure on sellers now. It was bad enough when the seller's ego had to endure the...
This is the second collection of clips I did for our Instagram Reels. Because they were done with a handheld camera, there is a little too much face here. It might be better to watch it from across the room! P.S. Are you getting these types of insights from other...
With no single-family homes in Carlsbad priced under $1,000,000, what do you get at the entry level? Here you go - a 1,350sf condo priced at $615,000 that has drawn several offers, and the bidding war is on:
Mike thought the inventory was going to peak by now, but notes that the number of national listings is still growing. He also says that sales are strong too, which might suggest that we could have a late rally in spite of the delta variant. If buyers have more...
https://twitter.com/RickPalaciosJr/status/1428727747711361025 The Big Reshuffle is backlogged! As people wait to relocate throughout the country, it really boils down to how patient you are. If you want and need to move today, then join the fight. The key is to find...
San Francisco leads the 50 largest U.S. metros in the share of homes sold for 30% over their list price or higher at 7.4%. It’s followed by the hot market of Buffalo, NY, where 6.2% of homes sold for more than 30% over list, and Austin (5.3%). All shares in these...
It's one thing to note that showings are well under the peak frenzy era of August-November. But today's showings are also well below what they were in July 2019, which was a fairly flat market then. Is the demand falling apart? Or is it due to lower inventory? Let's...
