Written by Jim the Realtor

December 15, 2013

This might be an extreme example, but with the weather so nice and rates still reasonable, buyers are always in the hunt these days. However, the wrong-pricing of new listings is evident, and likely to continue into next year:

5 Comments

  1. elbarcosr

    Awesome sunset at the end. I think you are 100% right. Buyers are out there, even during the holidays, but don’t want to play the fool on the high priced stuff out there. I think they smell inventory around the corner; if that is right, who knows? That house next door needed everything, but just cosmetic – it had all the basics that a family wants; plop in midrange kitchen and baths and in retrospect that will look like a very good deal. The subject house is lot value only, which I suspect is 900-1.3 in that neighborhood.

  2. elbarcosr

    I can’t see how this could be flipped; too much funky to fix. I guess a spec builder going to start from scratch. Look for it Spring ’15; 4 mil+

  3. Just some guy

    One of these days you will get that green flash.

  4. Jim the Realtor

    I ran into those pro guys and they said the green flash is most likely with Santa Ana conditions. Like today.

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