Here are examples of how the market picked up slightly after the June/July doldrums:
This oceanfront house hit the market on May 3rd, just in time for prime summertime exposure. But it didn’t go pending until August 31st! Word on the street is that a rich guy from Vegas bought it for cash who already owns six estates:
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The house went on the market on March 17th, just five days after we sold the model-match with big ocean view for $2,975,000. Wouldn’t you think that a good house with some easterly view priced $775,000 UNDER the last sale would catch somebody’s interest? Especially with Shea selling brand-new homes at the other end of the street in the $3,000,000s?
They had to refresh the listing twice and wait until August 25th before a buyer finally came along…..and paid full price!
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Three days after this hit the MLS, we offered $1,950,000 non-contingent and close in 21 days. By my estimation, the house needed $150,000+ in improvements to be brought up to today’s standard but the sellers blew us off, went shopping and took a contingent deal at full price….that Julie got closed.
These sellers paid $495,000 in 2001 – and my $1,455,000 gross profit wasn’t enough – they had to get $1,494,000 to make it worth selling! This is the seller ego!
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Here’s another standard offering on the lower end of Encinitas. Everyone was optimistic in the beginning, but it didn’t matter – no action in early summer:
They withdrew, cancelled, and expired for almost 90 days, to no avail. They re-input it as a fresh listing again, and in September, it sells in two days for full price:
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Heck, October is as good as time to list a house for sale, isn’t it? How about $150,000 over list to shut down that open house?
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The #1 Compass agent takes almost three months of summer exposure with nothing, and then at the end of September finally succumbs to a $3,000,000 sales price. The sellers paid $1,225,000 in 2012.
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They first listed this one in January – but it took until September for the right buyer to come along:
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The agent has divulged that this was a foreclosure all along, and the listing had been active all summer. But it took until mid-Septemebr before a buyer surfaced:
