Here’s a list that I received as part of an emergency preparedness bag, a week ago. It was a ‘Thank You’ gift for each of us who served on the Bay East Association of Realtors as a Chair or a Vice-Chair of a Committee. I was the Vice-Chair in 2019, and now I’m the 2020 Chair of our Alameda Local Government Relations Committee (LGR).
If you’d like a clearer copy, email me and I’ll send it as an attachment. But all of us need to get this done (one for each car, one for the house, one in a storage unit and/or in a plastic bin in the backyard/deck or wherever you can get to it, without any damage to yourself!
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)
REO= real estate owned by the lender (seller may have stopped paying the lender, was behind a few months, etc. This the first time in years that I’ve added this to our list!
Market Stats for Active Listings
Days on market high = 985
Days on market low = 8
Days on market average = 132
Days on market median = 35
Market Stats for Pending Listings
Days on market high = 159
Days on market low = 9
Days on market average = 53
Days on market median = 44
Market Stats for Sold Listings
Days on market high, low, average, median = 18
That’s it for now! If you listen to any news outlets and/or read a paper online…folks are getting out of Dodge (i.e. CA) and going to other states. Favorite spot…is Boise, and I had a couple move there last year. They had plenty in their pockets, because their bungalow hoouse sold for 1.1M not quite a year ago. I also had a couple move to Vancouver, WA. In 2018 I had a client move to Boston (she was downsizing), and another client moved out of state. But most are trying to figure out the pros and cons of leaving the Bay Area. It’s all so personal!
Maybe you could give me your views about saying buh-bye to CA!
take a look @ my ‘for fun’ blog…Boomer-Chick-Musing.com