There are three types of sellers: Sure I'm motivated....if I get my price. I'll sell for what the market will bear. Desperate. Unless the home is a real trophy property, this isn't the market that tolerates aspirational sellers. For those who will only sell if they...
Our one-story listing in Aviara closed escrow today. We had listed for an attractive $1,800,000 in mid-September, and had about 2,600 views on Zillow in the first five days (see above). We received three offers, and accepted the highest at $2,100,000 cash. Previously...
The biggest fear for the North San Diego County coastal region is a meltdown in Bay Area prices. It's been estimated that 50% or more of the buyers who were bidding up homes here during the frenzy are from the Bay Area, and Silicon Valley in particular. If prices were...
Just a quick reminder of the constant grift in real estate. Before the listing was entered onto the MLS: After the MLS listing was inputted - at least they didn't recreate the history graph.....yet: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Before the listing...
Zillow has recalibrated and is predicting a fairly flat 12 months ahead. Here are the zip codes I've received so far, all ranging between +1.5% and 1.9% appreciation over the next 12 months - the rest of the local zip codes should be similar: NW Carlsbad SE Carlsbad...
After my blog post yesterday publicizing the confidence Zillow has in our local markets, guess what arrived today. Yep, their first installment of their next round (it usually takes 2-3 weeks to receive the full set): At the end of July, their prediction for Carmel...
The latest Zillow 1-Year Forecasted Values are still expecting a fairly strong appreciation rate over the next year - these estimates are the same or higher than last month! I can see a path to how this could happen. The Spring Selling Season gets frenzied up for 3-4...
Whoever advertises the most, wins the game. I know agents who spend $25,000 to $50,000 per month! Aug. 4, 2022- Zillow, Inc. and Opendoor Technologies Inc. have announced a multi-year partnership that combines two category leaders to transform how people start their...
The latest Zillow 1-Year Forecasted Values are still expecting a fairly strong appreciation rate over the next year. In May, they were guessing +19% or more in all areas, so this looks like a soft landing: NW Carlsbad, 92008: SE Carlsbad, 92009: NE Carlsbad, 92010: SW...
Let's revisit Encinitas Ranch for an example of how the zestimates will affect the post-frenzy era. Consider the ER comps since my $3,760,000 sale closed in November. This is where the algorithms should perform beautifully because there have been eight sales of...
