New listings 21 – a little uptick in new listings but….
New Pendings of 33 – many buyers for all of them!
Thats a -12 for the week.
Closed sales at 15
Price reductions at 4.
Total houses for sale down to 48 with median of $2.32M
There are currenlty 8 SFR’s for sale in 92009 and 2 in 92011. There should be 100 or more. We are selling a $2M home almost everyday. These are homes that used to take months to sell if they sold at all. Just about everything under $2M is on market less than a week. Send reinforcements!
House like mine listed about a month ago for $100K more than better similar homes have sold a couple months ago. It sat until they lowered it to prior comps that were nicer condition, more upgraded, better lot, not impaired location and views. This one needs a complete redo and has lived a hard life the last 20 years. If it closes at or near that price, the market is already 5% higher than 2 months ago. It looks like 10% bump this year is baked in already
