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. Most areas look healthy (ratio of 2:1 or better), and those in red have very similar to numbers to last spring which was probably...
Paying over the list price wasn't a new thing created by the frenzy - there have always been over-list sales in the past. But getting down to 8% last month begged for a comparison to a previous January! In January, 2019 there were 151 NSDCC sales, and 18 of them (12%)...
This is the house that received THIRTY offers last month. My thoughts: The supply of houses priced under $700,000 is scarce, with overwhelming demand. This is all you're going to get from now on, and it won't get better. I feel sorry for the kids. My buyers offered...
When mortgage rates started going up last year, I said all we have to do is survive until springtime - and it looks like we've made it! Not only did our local market not crash and burn, it held up pretty well - and that's in spite of the higher rates and blistering...
There isn't one standard way to sell a house - every agent does it differently, mostly based on their skill set and ambition in life. My new listing in Spinnaker Hill is a good example! It's a tract neighborhood of one-story houses from the 1970s, and most of them...
Realtors are known to comfort buyers who have lost a bidding war by saying, "There will be others". But will there be? Especially for those at the entry level of every market....where the action is the hottest. Above are the NINE houses that sold under a million...
Get lucky on this one! Hard to believe that I don't have any written offers yet, but it shows the caution in the air.
You might think that the frenzy conditions are starting to percolate again after watching this video! There were 13 offers submitted, and the winner had agreed to pay $1,410,000. But once they found that it needed a roof and other stuff, they agreed to a $40,000...
I don't know how they get this information, but it helps to confirm what it felt like in the second half of 2022 - buyers weren't interested. It looks like they are starting to come around now though:
Since June, I've been saying "Wait until springtime". Here is what's coming:
