I spoke to a few agents on the broker preview yesterday about business this year, and the common theme was that agents are have big trouble finding people who want to sell their home. It suggests that the inventory of quality homes will be extremely low this year....
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...
One sign isn't going to change the world, but it's an example of how home sales will be changing in the future. If/when homes are sold in-house (not exposed to outside brokers and buyers) like commercial properties, Compass should extend its dominance in San Diego...
Hat tip to Rob Dawg who sent in this article that suggests Salinas ranks higher than San Diego and Ventura! I cannot find the 60 metro areas on the luxury list they talk about here so not sure about the overall rankings. Coastal California has seen a surge of interest...
The Journal touched on pocket listings yesterday - excerpts: Real-estate agents are selling more homes to select customers while bypassing the public market, a move that squeezes supply tighter for many buyers when inventory is already near record lows. In the vast...
The home-selling business is known for being the Wild, Wild West. There are a few rules and ethics filed away in a drawer somewhere but there is no enforcement unless you do something really bad, like this guy - who only lost his real estate license a couple of months...
Just when we thought there was a set policy on Coming Soon listings, they change it again. The IDX is the agreement among realtors to share each others' listings on our own personal websites, which was a great idea before search portals. But IDX was written off as a...
Our MLS has been publishing the Coming Soon listings for almost two months now, and agents are using the feature. The list above has 17 out of 59 (27%) of the new listings marked as Coming Soon - the most I've seen in one day. They show up as a 'new listing' on the...
The new Coming Soon feature in our MLS has been available since Tuesday. Since then, there have been 32 new listings of houses between La Jolla and Carlsbad. Eight of the 32 have been inputted as Coming Soon (not active listings). The common reason for having Coming...
Yesterday, we closed our fourth off-market buyer sale of the year (Richard, 1 and Jim, 3). Here's how they happened: Reaching out to other agents working the neighborhood. Saw one in the Compass Coming Soon section (which was public). Saw one on Zillow as a Coming...
