MLS Listings of Detached Homes in Carmel Valley, 92130: ACTIVES: 111 $1,778,211 average list price, $399/sf, 132 Avg. Days on Mkt. (25% of those homes on market more than 6 months) PENDINGS: 63 $1,163,104 average list price, $336/sf, 76 Avg. DOM (41 pending,...
The new year is barreling down on us, and before you know it we'll be in the 'spring-kick' season. How is it looking so far? I want to update the previous stat check from a week ago - it wasn't balanced due to fewer business days/more weekends. Let's compare the...
Back in September we featured the same floor plan a block down the street - it listed for $144,900, and was purchased for $177,000 by flippers. They have since put it back on the market for $277,000 and found a buyer within 27 days - it's now...
What's the common denominator amongst today's buyers?
The bidding wars are intensely competitive, and without laws or regulations - anything goes! It is pretty impressive how many buyers are hanging in the fight, and willing to bid higher than list-price. Nobody likes it, but the multiple frustrations along the way make...
3clicks wrote: "While I embrace the Internet for many reason, It would be used by some as another way to disguise the snake oil." Agreed, but once every listing has a video it will cut down the deceit. Videos should be mandatory, and they'd especially help the...
The internet has magnified our quest for instant gratification. In real estate, the internet helps to stir up a frenzy by allowing a potential home buyer to search for an attractive property - and when they see a hot one, they'll look into it. But by the time they...
George asked for an explanation of the frenzy-like conditions we've been seeing lately. How do you explain it? Lower prices are the #1 contributor, and in Carmel Valley that means roughly 20% off peak pricing. Buyers are tired of waiting, and if the deal is seems...
