The trend of paying over the list price continues! NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% 1/2April: 57% Most sellers and agents are happy just to get 1% to 5% over list. There were only 18 of 173 (10%) that sold for a...
The real estate market was boisterous in last half of 2020, which made it easy to predict that once we got past the election and into the new year we'd probably see the Greatest Real Estate Frenzy Ever. Let's use February 22nd as the day the frenzy really kicked in....
The trend of paying over the list price is increasing. NSDCC Detached-Home Sales, % Closed Over List Price January: 38% February: 43% March: 53% Most sellers and agents are happy just to get 1% to 5% over list which will cover some or all of the commission. There were...
This is the other article that several people sent in - thank you! Rob Dawg wondered if these cases of dozens of offers could be tempered by putting the right price on these from the beginning. The agent's Zillow profile shows 30 sales in the last year - and 26 of...
Thanks to the readers who sent in this article - and it makes you wonder how many offers any house for sale would get if listing agents didn't shut down the showings so quickly: CITRUS HEIGHTS, Calif. (KTXL) — A Citrus Heights home in a quiet cul-de-sac received 122...
To provide some transparency on the deal-making on the street, here's a review of properties that have gone pending this week. I didn't intend to make a blog post out of it, but I had inquired about the availability of these listings, and for my own knowledge I like...
Hat tip to Ryan for his excellent job documenting the real estate frenzy underway in the Sacramento area: http://sacramentoappraisalblog.com/ Susie says the Boise market is on fire, Noodle said that every house in North Phoenix sells in 3-4 days, home prices in Austin...
In the last couple of weeks, you may have seen prices on new listings reflecting today's exuberance. Homes that are priced attractively will generate the crowds, and likely get bid up over list. Others are listed for a price that raises an eyebrow. In areas where...
I'll probably see two properties around the flight path all year - might as well show them back-to-back:
Everyone says that inventory is low because potential sellers don't want people in their house during covid......but that's not stopping the buyers! The showing counts are rising quickly and more people are looking - maybe more than ever for early March: The...
