Pemeliza suggested that sellers might be better off staying put and locking in a low interest rate now, rather than reduce their list price. Shadash added that sellers should look closer at the other houses for sale, and price competitively (I'm paraphrasing). Should...
SAN DIEGO -- Home sales in San Diego County dropped 11.4 percent in June, compared to the same month a year ago, while prices dipped by 1.6 percent, a real estate information service announced Tuesday. A total of 3,444 homes changed hands locally last month, compared...
This is pertinent because I'm working on a Zillow add-on for the blog. Is Zillow relevant? It's a starting point for most areas, but in pure tract-home neighborhoods they should be fairly accurate by now. Will sellers listen? Hat tip to SM for sending this along,...
Here we are, approaching the middle of summer. You can see that new listings are doing their usual seasonal surge, but now are backing up. Currently, there are over 1,600 active detached listings in the North San Diego County Coastal region! Most sellers aren't going...
Last month's sales are showing a 17% decline from June, 2010 - but the late-reporters will add 5-10%. Glenn K.'s analogy was a good one: "Now, the market looks more like a middle-school dance, with buyers and sellers waiting one another out on either side of a large,...
Today's press release: EMERYVILLE, Calif. – July 1, 2011 – ZipRealty, the nationally-ranked, full-service real estate brokerage powered by proprietary technology and effective online marketing, announced today that the Company is discontinuing the commission rebate...
If you are a homeowner who is thinking of getting foreclosed vs. trying a short sale, there is a wealth of information and Q&A’s available – click on the “Short Sales” button in the top border above. Get legal advice too. Who should short-sale? It’s uncertain,...
The latest Case-Shiller Index will be released tomorrow, and more doom is expected. Sales have been healthy though - comparing detached sales/avg. cost-per-sf from May 1-June 15: Under $900,000 Towns or Areas 2009 2010 2011 Carmel Vly 22/$322 29/$340 31/$326 DM/SB/RSF...
Home buyers have access to all the comps, and follow them closely. They spend weeks and months looking at every new listing in their range, and they know the market better than anyone - because they're the ones making it. Sellers can judge their chances of selling by...
There are several thoughts here: Open houses are powerful tools when used within a specific marketing strategy. Getting the price right is easier in the newer tract neighborhoods. Demand is fine - buyers are ready, willing, and able - and will pay a fair price. Most...
