Chris Iverson a Palo Alto realtor and guest contributor to Kevin Boer 3 Oceans Real Estate has written a recent post about whether this is a good time to buy. Chris mentions how one of his new listings just sold with no contingencies after being on the market for 3 days.
I have just put a new listing on the market at 256 Fir St., San Carlos for $859,000.
The property was held open both Saturday and Sunday. I had maybe 40 to 45 groups through each day. 3 of these prospects had recently made offers on other San Carlos listings but did not get the winning acceptance. One of these properties had 9 offers on it and the other had 4 offers.
So if you take the 13 offers and subtract the 2 winning offers, you have 11 other buyers looking for a house in San Carlos priced between $800,000 and $900,000.
Bottom line, the buyers are out there and they are ready willing and able to buy a well-located property that is priced reasonably and offers long-term value.
For a look at open house activity on the San Mateo Coastside, please go to Marian’s blog, Marian Bennett Half Moon Bay Coldwell Banker real estate agent. Marian reports many more buyers out looking at a new listing of hers than she has seen in many months. Marian rates the weather as a 10 as I do.
Spring is here - the buyers will follow - inventory is still low - it’s a good time to get your home on the market.
On a similar note, my Menlo Park Coldwell Banker office had a very good week last week in sales. My office which is one of the strongest Coldwell Banker offices in the entire Bay Area has been averaging many 5 or 6 sales a week. Last week we had 11 sales from a San Carlos condo priced at $649,000 to an Atherton estate priced a $8,250,000.
4 responses so far ↓
1 Open House Activity Picking Up | Coastal Real Estate and Lifestyles // Feb 11, 2008 at 2:13 pm
[…] and ready to find their next, or first, home. That number may not sound like a lot to my Palo Alto Coldwell Banker colleague, Arn Cenedella, who tells us about his 40-45 groups, but, hey, we’re […]
2 Zillow's Numbers Show A Grim Picture For Many Parts Of The Country, But Real Estate In The Peninsula Remains Strong | 3 Oceans Real Estate, A Boutique Real Estate Brokerage Serving the San Francisco Bay Area // Feb 11, 2008 at 9:01 pm
[…] San Carlos — $850K - ish –> Two properties sold with a combined 13 offers. (Hat tip t…) […]
3 Marian Bennett // Feb 12, 2008 at 8:02 am
Arn,
Arn,
This scenario is looking very similar to recent years past - I really wonder how this will play out when the conforming loan limit changes… Our area is certainly unique to other parts of CA. BTW, I was holding the home open for the CB Bell/Fisher/Fowler team. best, mb
4 Ronda // Oct 28, 2008 at 9:34 am
You write very well.
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