This is as far east as you can get in Oceanside, so it's not really much a coastal home when it's 4-5 miles away. But this is a great example of what is happening at the entry level of every market today!
Entry-Level Frenzy
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Bidding Wars
Carmel Valley’s Hot Start
Above are the 2024 listings that have already closed escrow in Carmel Valley - it's very competitive. We're heading into a new era where buyer-agents will be appreciated less than ever, if at all. Consider this - in a bidding war where the sellers listing agent will...
Property Auction – Pro Style
I mention how tough it is to find anyone who has a bidding-war strategy, but it's because our expectations rose dramatically in 2010 after witnessing one of the best of all-time. They were auctioning off a vacant lot owned by the City of Del Mar. This video starts at...
Los Altos Price Explanation
There had to be skeptics to my Los Altos Adventure last weekend. Did you mis-price the house by more than a million dollars on purpose - or just by accident? Come on - you were 440 miles out of your normal market area....dude....you got lucky!! I like to pay close...
Slow-Motion Auction Underway
There is no guidance on how to effectively handle a bidding war. I don't see or hear anything from NAR, CAR, brokerage managers, or team leaders on how listing agents should handle a bidding war, other than to put the offers on a spreadsheet and let the seller decide....
NSDCC January Update
After a disappointing number of sales last month (87, the lowest monthly count ever), January is poised to reach 100+ sales. There are 128 houses in escrow today, and 39 of those were marked 'pending' prior to January 1st so probably 20+ of those stand a good chance...
Eleven Offers!
We've received ELEVEN offers on our new listing at 7114 Columbine! The five cash buyers have declined to go any higher, so the six financed offers will be competing today for the win. We sent all of them a highest-and-best counter with a 4pm deadline today. Meanwhile,...
Fixer Deluxe Gets 18 Offers
I'm going to guess that half of the total NSDCC transactions are estate sales - only because nobody else wants to sell. We're going to see a lot more like this one - no real improvements except for a few windows: LP = $1,300,000 and SP = $1,480,000!
Mid-Selling-Season
April felt busy though we had no new listings (the La Costa Valley listing hit on March 31st). Thankfully, there are more to come:
Bidding-War Choices
We took four listings in a row and I was going to document the whole experience but it was turning into a feature-length movie. Here is the segment where we discuss the bidding war in Rancho Penasquitos, its failure, and how we handled the aftermath:
