Fewer homes for sale than last year? Look at the differences in metro-population too: Denver: 2,931,000 Las Vegas: 2,899,000 Nashville: 1,315,000 San Diego: 3,319,000 Today, our count is actually 2,114 homes for sale (all property types) in a county of 3,319,000...
We are right back into frenzy mode with more than a quarter of last month's sales closing over their list price. Was it required to win the home? Or has paying over the list price become more of a badge of honor for today's buyers? To complicate it further, look at...
I had a long discussion yesterday with a veteran Compass agent where we got into the granular details of today's home pricing. In particular, how crucial it is to examine the past sales carefully to avoid having a one-off sale be a guide as to how much buyers are...
I had to input my new listing onto the MLS before noon yesterday to get on the broker-preview tour today, which was a day before the professional photos were completed. We had done a few preliminary photos for marketing purposes so I used those to get started, but...
We have received ten offers on our new listing, and have entered the highest-and-best round with responses due by 3pm today. A buyer asked me yesterday at what price could he end the bidding-war nonsense and just buy the house today. I told him that I couldn't speak...
We were flooded with buyers today! A constant flow of 3-6 groups at a time all to see our hot new PQ listing off the 56 and only one exit down from CCHS. Talk about a convenient location - within five minutes you can get to top-rated K-12 schools, shopping, grocery,...
This is the single-level home that sold in February, 2022 for a million over the $2.5 million list price (set deliberately low by the seller). The buyer passed away, unfortunately, and their heirs listed it a year later for $2,900,000. The listing agent (who lives in...
I know that season of spring just started this week, but our home-selling season has been underway since the Super Bowl. It usually lasts until the graduation season starts in mid-May, then Memorial Day is the first long weekend in a couple of months. After that,...
It's natural for people to wonder how this will all play out. The Fed raising their rate until they crush inflation (and everything else), home prices are higher than just about anyone can afford, and inventory levels so low that prices will probably keep trending...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. Four areas have MORE pendings than active listings, which is a sign of a red-hot market, and all areas except Rancho Santa Fe are...
