To say it's the Wild Wild West out here is putting it lightly, and how realtors handle multiple offers is the primary reason. There isn't a standard way to handle a bidding war - and heck, we don't even agree on what is confidential, and what isn't. Here is the...
The trend of paying over the list price is increasing. NSDCC Detached-Home Sales Closed Over List Price January: 38% February: 43% March: 51% (of the first 75 closed sales of the month) Most sellers and agents are happy just to get 1% to 5% over list which will cover...
This Brentwood Heights culdesac home on a 27,007sf lot in Olde Carlsbad had one of the better granny flats - and was hotly contested. We were hoping to talk the seller into paying off the $259/mo. solar lease, but he probably didn't have to. It closed today for...
I love hearing from new readers! Hi Jim, I have recently stumbled upon your blog and find it very interesting as I am an appraiser in San Diego. I wonder if anyone has considered that the low inventory levels are in part because home prices are going up so fast why...
The industry has been abuzz over Zillow buying ShowingTime, our appointment-scheduling service. Wouldn't it be great if Zillow published the number of showings publicly? The intel that could be gathered would be of great interest to buyers, and help enhance the...
Del Mar Heights has always been a sexy option - the access to beach/freeway/UCSD is excellent, and two of the best elementary schools in the county are a short walk. Like in other areas, the inventory has dried up, so when this one hit the market, it created a tsunami...
Here are the percentages from January: Here are February's winners: Most % Over List Price List Price Sales Price Percentage Over List Price...
This is the property where the listing agent received 50+ phone calls in the first 24 hours on the market. She raised the list price from $1,595,000 to $1,795,000, but the bidding war persisted. Ten offers were submitted, and it sold for $2,060,000 cash, or 29% above...
More of the crazy this week - here are examples: The agent reported receiving over 30 offers on this one: https://www.zillow.com/homedetails/5402-Lodi-St-San-Diego-CA-92117/17192144_zpid/ This house went live on the MLS around lunchtime on Thursday, and by Friday...
Nobody is giving them away! I think we can agree that list prices today are at or above the all-time highs, yet with demand overwhelming the few listings that are trickling out, buyers are forced to consider going even higher. It's working too: We usually get some...
