After she took five listings at the same price, I joked with the listing agent here that maybe every house was worth $3,200,000 now! I don't think any of them were worth $3 million before this year, and this is the only one that has closed under list:
This listing hit the open market on April 18th, which was long after mortgage rates had gotten into the 5s. It went pending in the first ten days, but then it fell out of escrow three weeks later. By then, the doomer talk had escalated and reviving the market...
This was the Private Exclusive off-market listing that hit our intra-office website late in the afternoon and literally the next day most of the top Compass agents and me rushed over there to check it out. Both buyer and seller take a gamble on price when transacting...
Another cash buyer paying 8% over list - and this was a month after rates hit 5%:
There were foundation repairs here too:
This home had a decent floor plan, and just needed a thorough refresh. But it shows how many buyers pass on fixers - heck, a single-level with view and pool in a gated community sold for under list ($2,900,000)!
The camera was rolling today - here are a couple of short home tours with commentary along the way: We lost a pillar of our industry this week when Mike Evans, broker/owner of Sea Coast Exclusive Properties passed away. He began his brokerage in 1985, and it grew...
The one-story ranch houses with detached granny flats are their own category now, and buyers are paying prices that don't compare to other regular homes. This was taped in July when nobody wanted to have anything to do with it. The seller, Joe Walsh's ex-wife, hired a...
Another video I did for potential buyers - these were tract homes that sold in the $300,000s back in the early-1990s. This just closed for $2,400,000:
