low inventory: FAQ: "There's no inventory out there. Any insights?
- 03/26/19 08:56 PM
One of the most frustrating situations we deal with day in and day out in our high-cost area is lack of inventory. The question from a client, "there's no inventory out there. Any insights?" is one I hear quite often. My response to this client went something like this: Our low inventory certainly is a problem. You've seen the result--small homes needing a lot of updating/remodeling selling very high and very quickly, usually in a mater of days. One example: a house in one of our Peninsula towns closed last week. Listed at $1,399,000, it sold for $1,610,000 in 8 days, with 14 … (55 comments)
low inventory: What's the real estate market like in the 94070 (San Carlos)
- 01/09/19 02:24 PM
Let's take a look in early January and see what's happening in real estate in the 94070 -- San Carlos, California, as of today: 13 - active listings for sale - single family, townhouses and condos 9 - active listings of single family homes, ranging in price from $1,299,000 to $2,875,000 $2,500,000 - median list price of the single family homes 4 - active listings of condos/townhouses $1,361,500 - median list price of condos/townhouses 4 - number of new listings since 1/1/19 (two were listed and pulled off the market in 2018) Not much inventory for a city … (11 comments)
low inventory: Licking our wounds....and getting back into the game
- 04/15/16 11:55 PM
This has been a tough week for one set of my buyers. There has been a bend in the road to home ownership for them. The house is smallish even by our standards (around 1350 sq.ft.); the assigned neighborhood school is so-so; it is located on a moderately busy road. It has also been remodeled beautifully, is a single-level home with the desired small yard. Perfect for my buyers. They wrote an offer 16% over asking, waiving all contingencies (the seller had obtained pest, roof and home inspection reports ahead of time). Appraisal wasn't an issue since they were putting down about 35%. … (61 comments)
One of the most frustrating situations we deal with day in and day out in our high-cost area is lack of inventory. The question from a client, "there's no inventory out there. Any insights?" is one I hear quite often. My response to this client went something like this: Our low inventory certainly is a problem. You've seen the result--small homes needing a lot of updating/remodeling selling very high and very quickly, usually in a mater of days. One example: a house in one of our Peninsula towns closed last week. Listed at $1,399,000, it sold for $1,610,000 in 8 days, with 14 … (55 comments)
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