Gosh, it feels like winter…so dark so early.
My Sellers received 4 offers this week on their condo unit @ 1404 Sherman (4 units total make up the HOA). All were over the asking price of 749K.
I had mentioned to my clients that because the photos (including the drone video, and the Matterport virtual tour) looked so great, it might draw today’s buyers, into their unit.
Those buyers want something more than what other condos offer: easy garage parking (2 spaces), storage (300sf for this unit), and maybe less 40 steps to from the garage to each unit. Schlepping groceries and kids doesn’t have to be a huge hassle.
What’s the real trade-off here? You must participate in a small Homeowners Association. And these owners have done a magnificent job of managing the building these past 2-3 years.
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)
Market Stats this week for sold listings
Days on market = 36 high
Days on market = no lows this week
Average Days on market = 16
Median Days on market = 13
I hope you have a lovely Thanksgiving next Thursday. To me it’s the best holiday of the year: no gifts are expected and gratitude is what it’s about, no matter what you do…it’s all based on gratitude.
And I am so grateful for the friends that I’ve made while in real estate and for those who refer me to their friends, and for the texts, emails, and calls that I get asking for vendor referrals. And for those vendors that you refer to me! Each of you is important, in God’s eyes. And I cherish these friendships that I’ve made for more years than I can count on my fingers and toes.
I’ll probably post one more blog this year…and then I’ll be like Ms. Claus …getting a good, winter night’s rest. And then I’ll catch up in January!
Take a look at my ‘for fun’ blog –