Have you been thinking about getting a great realtor to help you buy a home, but feel loyal to your Aunt Bea or a friend who just started in the business? This story is for you. We received five offers on our new listing over the weekend. The lowest offer was...
Frenzy
Inventory Watch
The contest for guessing the number of listings in January is now closed. We are running about 20% behind last January's count, so the few sellers who are willing to brave the early-2021 market will do nicely. We had 31 showings and five offers on our new listing...
Sellers Be Ready
The worst thing for home sellers is to be unprepared for the immediate reaction from buyers. Those who haven't sold a home in years will sign a listing agreement and settle in for what they expect will be a few months of marketing and showings until that nice young...
24 Showings Booked
The seven showings of our new listing yesterday went well. People generally show up on time and understand the predicament that the demand is overwhelming the supply. We've received two offers, and we are way over list price already. There tends to be some standing...
Immediate Buyer Demand
Our new listing hit the MLS about 5:30pm yesterday. By 9:15pm, I received six requests to show it, and another three requests before 8am this morning! https://www.zillow.com/homedetails/4743-Crater-Rim-Rd-Carlsbad-CA-92010/79572379_zpid The zestimates and Redfin...
2021 Frenzy Contest
Happy New Year.....how about a contest to get it started? My case for a full-blown frenzy is based on having additional supply to fuel the seemingly-insatiable demand brought on by the pandemic - having more homes for sale will help spike sales and prices. Betting on...
Frenzy Duration
We'll be all frenzied up for the next few months - when will it cool off? The real estate market will likely mirror the course of the pandemic. You've probably heard the comparison to the Roaring 20s - the boom that kicked off when World War 1 and the Spanish Flu of...
2021 Is Off and Running
You won't see the signs of the frenzy everywhere, and probably no signs in the $2,000,000+ market. But anywhere you have one-story houses on culdesacs for under $1,000,000 should be cooking:
Hello 2021 Frenzy!
When will we know more about the 2021 frenzy? We already know it's going to be hot - look at the sales count for this month, plus we have 285 pendings: NSDCC December Sales Year December Sales The Following January Sales % Drop-off 2012 181 128 29% 2013 223 184 17%...
Predicting 2021 Frenzy With Numbers
Yesterday, Rob Dawg got started on his prediction on next year's market: Is this the official JtR 2021 prediction thread? If so I will post again but for now... The huge demographic groundswell of house-ready millennials will drive prices much higher. The municipal...