This house first listed for sale on November 1st for $1,650,000, and got all the extras; one Coming Soon, two Holds, four price changes, two Pendings, and finally closed today for $1,397,500. The listing agent gave it a good go, but it just looked like too much work...
I'm not going to get crazy-optimistic just because the over-list percentage more than doubled MoM, or because last month's median sales price was 11% higher than it was a couple of months ago. I'm just happy that the number of sales appears to have bottomed out. Let's...
It was a year ago that my uncle's girlfriend's house went on the market for full retail at $3,195,000. Nobody is going to feel sorry for the buyers who pay a half-million or more over list, and the buyers probably knew that it was lost money for now. But hey, they got...
It was the most insane frenzy ever, and it was the most intense at the beginning of last year as inventory started to thin out. Compared to that environment, I think these stats look pretty good: NSDCC Monthly Sales and Pricing Down 5% to 10% YoY, and on the rise? ...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Most areas look healthy (ratio of 2:1 or better), and those in red have very similar to numbers to last spring which was probably...
You might think that the frenzy conditions are starting to percolate again after watching this video! There were 13 offers submitted, and the winner had agreed to pay $1,410,000. But once they found that it needed a roof and other stuff, they agreed to a $40,000...
I said on the Frenzy Cruise that I'd also recognize the NSDCC sales that closed well under their list price. It's good for potential sellers to see how buyers will lowball homes that have been on the market for a while - and encouraging for buyers to know that they...
There probably aren't many people today who expect to see any frenzy left in the marketplace. But here's a view from the street, looking at actual sales closed over the last 30 days. At 22 minutes, this turned into a full-length feature film (sorry), but consider it...
The biggest fear for the North San Diego County coastal region is a meltdown in Bay Area prices. It's been estimated that 50% or more of the buyers who were bidding up homes here during the frenzy are from the Bay Area, and Silicon Valley in particular. If prices were...
