Four new listings of canyon-front Carmel Valley tract houses have hit the market in the last week. They joined three other similar active listings nearby, creating a full selection for buyers. One agent commented that they have a canyon-front listing in Derby Hill...
An agent had a new listing scheduled for the typical open house in RP this weekend, but abruptly cancelled it, and withdrew the listing. These were her confidential remarks - apparently the sellers were overrun: OPEN HOUSE CANCELLED! Multiple Offers Received over...
More bubble talk in this article from the latimes.com - an excerpt: More investors are buying homes to quickly sell again at a profit. "Everybody I know is trying to do flips right now. It's like the day trading of the 1990s," Nordine said. "We went straight from...
Sellers need a listing agent who can handle this effectively: Becoming a homeowner may be getting more difficult for San Diego buyers. With multiple offers and low housing inventory, sellers are starting to ask buyers to submit offers without an appraisal contingency,...
One year ago the same model across the street sold for $989,000:
Neil asked, "Do you think we are in a bubble again or is this sustainable?" If we describe a "bubble" as a market that has been artificially induced in an unsustainable way, then we're not in a bubble. Let's divide market conditions into four stages: 1. Frenzy -...
Let's look at the detached-home sales closed over the last 30 days and compare the sales prices to the list prices. Carmel Valley, 92130 Feb 28 - Mar 30 Category 2012 2013 Chg # of Sales 34 49 +44% Median SP $927K $885K -5% Avg $/sf $324 $355 +10% SP:LP 95% 98% +3%...
A high-level executive at Sotheby's International Realty recently revealed to China's state television broadcaster that he personally helped a Chinese mother buy a $6.5 million Manhattan apartment for her daughter. "We were running around the city looking at things...
Realtors copy what they see others doing in the MLS, and these days it has become common for listing agents to mention when they will be presenting offers, which is rather presumptuous. How do you know you are going to have offers? I guess you can call it a marketing...
Today's open house on Manzanita was a success, with dozens attending and three offers in hand. Here is commentary on the general insanity:
