Here's the full story so far but you know what triggered this move. Warren has to be as madder than Reffkin over the arbitrary penalties from the NAR, and their vig was 5x what Compass had to pay: What will be the impact locally? Combining the #1 and #2 brokerages...
We closed the escrow on Clemens today! Bidding wars can typically go up to 10% over the list price. Even a novice agent can pull it off just by having their listing on the open market. But buyers get jittery going any higher than +10% and without having a great agent...
I think most agents would agree that once their new listing has been on the open market - and unsold - for two weeks, the action dies down considerably. Then the showings, if any, become vague and laborious because all of the motivated buyers have already seen it and...
A nice pop in the percentage of sales closing over their list price - much like last February. Last year, the peak month was March, and then it dropped in half by summertime. NSDCC Monthly Sales & Pricing Sales last month didn't get close to last February, but the...
It's a hot topic among real estate agents, but how widespread are the off-market sales? We saw that in the last blog post that 155 NSDCC homes that have gone pending this year have already closed escrow. But let's back it up to get a bigger sample and look at all of...
Rob did a blog post (behind the paywall but consider subscribing if you're interested in residential real estate selling trends) where he thinks the Clear Cooperation Policy is cooked. Even though most of the big players are supportive of the policy in public, it's...
I think we can say that 2025 is looking a lot like 2024 so far! We have 15% to 25% more active listings now, but buyers are picking out the creampuffs and ignoring the rest. The pile of unsolds should be growing every month, but maybe buyers just forget about them...
Airplanes flying over the house every 5-10 minutes wasn’t the only complaint. “The kitchen is too small, can you get fire insurance, it’s single-zone air conditioning, the bathrooms are original, you don’t have a pantry” - it just never ends, even at a house with...
The Compass CEO, Robert Reffkin, is a vocal opponent of the Clear Cooperation Policy. Those in the business call him names and say his only motivation for opposing the CCP is to promote in-house sales. The point that gets trampled over is that consumers and agents...
The contest for the four Padres tickets is complete! Because I was using the NSDCAR stats all year and then switched to SDAR at the last minute, it's only right that there are TWO winners, based on the different counts: Congratulations to Anne M for being the SDAR...
