I sincerely hope you had lovely, peaceful holidays…and may that stay with you throughout the year. I know I needed a break…besides getting a load of items accomplished, I did take the time to think things through…or at least I attempted to!
ALAMEDA Real Estate this Week
MLS=Multiple Listing Service
AC= active contingent=the buyer needs to sell something before s(he) can complete the transaction. In this instance, another buyer might write a back-up offer. If the primary buyer can’t meet the contract deadlines, it’s bye-bye to the first buyer. And the back-up offer moves into the primary position. Be sure your agent explains all of this to you! You do NOT want to lose your deposit to the Seller.
BOM=back on the market (could be that the buyer had some conditions in the contract that s(he) couldn’t meet in a timely manner.)
PCH= price change (seller either raised or dropped the price)
PSB=pending sale (seller & agent wants backup offers)
Broker Tour Tues 0 (we’ll start fresh next week)
Active listings 16 (including 16 active, 2 AC, & 1 PCH)
Market Stats for active listings
Days on market high = 970
Days on market low = 14
Days on market average = 173
Days on market median = 56
Market Stats this week for sold listings
Days on market high = 124
Days on market low = 0
Average Days on market = 29
Median Days on market = 18
That’s a wrap for this week!
Let me know if you have questions about the market. I don’t pretend to know the future, but I have learned through past experiences. And certainly, I can learn from what your own observations are!