There has always been some sort of relationship between inventory and sales. When inventory is tight, sellers have the advantage because buyers get frenzied up and just pay the price to win one. With a smaller increase in inventory, the frenzy can soak up the supply -...
Listing Agent Practices
Chevro
Hey Jim...you're in Escondido? Blog Reader, Will Travel! I'm here to help you! I want Kayla to be well-versed in all areas, price points, and socio-economic classes - we want to help everyone! This is the first of three listings this month that are tailor-made for...
R.E. Teams and Advertising
Gov is the lead attorney for C.A.R - he knows BRE compliance!
MLS Jeopardy
Agents have been receiving dire warnings about our MLS, with taglines that make it sound like the end is near, and no real solutions in sight: http://www.nsdcar.com/your-mls-is-in-jeopardy/ There are people at SDAR who are playing a perverse game of chicken with our...
List-Price Increases
A reader noticed some list prices being raised, and wondered why. Here are my guesses: There were a flurry of showings, and the sellers panicked, thinking they were giving it away. Agent is playing around with it. The MLS hotsheet is where agents get to peruse the...
San Clemente
This real estate video has a typical opening for the first minute, but then they take it to new level of creativity. The list price is $55,000,000, so it deserves the full treatment, but eventually we should see clever, high-quality real estate movies from every...
Organizing Pocket Listings
The GSDAR is still suing their fellow realtor associations in town over MLS data syndication. But that didn't get in the way of them forging an agreement with this outside company to promote pocket listings. But I don't think they understand the 'pre-market'...
Longer-Than-Usual Boom?
Could a booming real estate market continue longer than expected? The historical norm has been a ten-year pattern - five years up, and five years down. But we've never had the government-sponsored artificial market benders like ultra-low rates and a no-foreclosure...
Del Mar Open House 2
It helps to demonstrate the comps, so I drove by the street that had the most recent sale - $1,470,000 last month for 1,668sf ($881/sf while we're asking $815/sf). Th next-door neighbor confirmed that the new owners are spending another $500,000 for renovations. I...
Caveman Video
Zillow's new video format leaves a lot to be desired - no audio, no zoom, and no graphics. Here I am commenting on my latest Zillow video while watching it on my computer screen: