This morning's brokers' caravan featured a new listing from our office . . . a gorgeous 6000+ square foot home on 20 acres in suburban San Luis Obispo, with a price tag exceeding $2.8 million. In this market, you would expect very little interest. Remember, real estate is in a terrible (possibly terminal) slump, people are losing their homes at a rate only exceeded during the Great Depression, and mortgage money is impossible to find.
You would be amazed to discover that over 100 people toured this property, many of whom were private folks, not agents or brokers. The "Open House" signs on the street attracted a huge amount of traffic, so much so that the home had to stay open for over 1.5 hours longer than planned.
The savvy buyers are out there right now, making deals. This home is not a bargain basement offering . . . far from it. It's well-priced and offers good value for the money. Judging by the amount of interest shown, it should sell quickly and at nearly its asking price.
The same is true for most properly priced homes, even in this market. The smart investors (and knowledgeable first-time home buyers) are snapping up well-priced homes right now, not waiting on the sidelines. We have a great inventory of homes, ranging from "starter" condos to estates, so call now!
By the way, if you're in the market for a luxury family-sized estate, the one pictured here has seven bedrooms, five baths, a billiard room, a master suite to die for, a gorgeous in-ground pool and spa, and 20 acres of land suitable for horses or other uses. I would be delighted to provide you with further details and a private showing.
Oh, and if you're looking for a more budget-friendly home, I've previewed two pristine and beautiful condominiums, in different developments, but each is a real cream puff and both offer great value: in San Luis Obispo, for under $300,000.
Need something a little bigger? There are over a dozen single-family homes here in SLO priced between $300,000 and $490,000.
For heaven's sake, just come out and look! Call me, tell me what you want, and I'll set up a personal tour.
Comments(7)