- This topic has 88 replies, 19 voices, and was last updated 12 years, 5 months ago by sdrealtor.
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May 18, 2012 at 9:08 PM #744110May 24, 2012 at 1:51 AM #744292danthedartParticipant
With the low inventory and bidding wars going on, what strategy should potential buyers use to get a house they want? Bid 10% over asking?
May 24, 2012 at 7:48 AM #744297sdrealtorParticipantMy advice is get a great agent who knows how to position your strengths with the listing side, ignore asking prices and write offers based upon comparables, set your limits, stick to them and be patient. There will always be another house.
May 24, 2012 at 2:12 PM #744315anParticipant[quote=sdrealtor]My advice is get a great agent who knows how to position your strengths with the listing side, ignore asking prices and write offers based upon comparables, set your limits, stick to them and be patient. There will always be another house.[/quote]
It depends on how picky you are about floor plan and location. Sometimes, there won’t be another house for a long time.May 27, 2012 at 8:59 AM #744416sdrealtorParticipantInventory still falling. In a little over 2 months it has fallen 16%.
May 28, 2012 at 12:20 AM #744427anParticipant[quote=sdrealtor]Inventory still falling. In a little over 2 months it has fallen 16%.[/quote]
Is it summer selling season yet? What are your buyers saying/doing wrt to the declining supply and the poor quality of supply?May 31, 2012 at 3:55 PM #744653anParticipantWow, inventory is continuing to shrink for 92126. [img_assist|nid=16262|title=|desc=|link=node|align=left|width=418|height=460]
It’ll be a very interesting summer.May 31, 2012 at 5:31 PM #744671sdrealtorParticipantAN
You do know those numbers include the short sales with offers on them already. There are actually only 19 active detached homes and 7 active condos on the market at this moment. Half of those have been on the market 14 days or less so you can pretty much cut the inventory at least in half of that as most of it will soon be gone too.May 31, 2012 at 5:39 PM #744675anParticipant[quote=sdrealtor]AN
You do know those numbers include the short sales with offers on them already. There are actually only 19 active detached homes and 7 active condos on the market at this moment. Half of those have been on the market 14 days or less so you can pretty much cut the inventory at least in half of that as most of it will soon be gone too.[/quote]
Oh, I know. But this is the easiest way for me to put some data. Even including SS, the numbers are pitiful. For an area with over 70k people, to have less than 150 properties for sale is pretty sad. Now, the number w/out SS is abismal.May 31, 2012 at 5:42 PM #744676sdrealtorParticipantThe inventory is basically zero with a small rounding error
June 1, 2012 at 8:29 AM #744731CoronitaParticipant[quote=sdrealtor]The inventory is basically zero with a small rounding error[/quote]
lol….
June 9, 2012 at 9:26 AM #745374sdrealtorParticipantbump.
Funny story from the field. A house I have been following has been sitting on the market unsold for 9 months (its overpriced). A neighbor just listed a model match in a better location much higher (its overpriced too). What did the seller do who was sitting on the market unsold for 9 months at current asking price do? Raise their price of course. Amazing!!!!!
June 10, 2012 at 1:07 AM #745402CA renterParticipant[quote=sdrealtor]bump.
Funny story from the field. A house I have been following has been sitting on the market unsold for 9 months (its overpriced). A neighbor just listed a model match in a better location much higher (its overpriced too). What did the seller do who was sitting on the market unsold for 9 months at current asking price do? Raise their price of course. Amazing!!!!![/quote]
I’ve seen this behavior a few times over the years. The craziest part? They sold!!! Some people (buyers) truly are idiots.
June 16, 2012 at 9:25 AM #745899sdrealtorParticipantInventory still trending down. While I havent done the research yet the new listing prices I see seem to be trending up as do closing prices.
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