In past years we had hot, hot, hot real estate sales in February and March, slowing down around tax day, April 15th. This year? Not so much. The new normal is different, all different.
We are glad April 15th came and went, as we are sure you are as well. Always a painful process.
We are also glad to report sales have picked up considerably! Our listing on Steven Cr had two offers: the first offer got into contract in a bit of a bidding war (not over asking but close to it....) but they went away (we often see buyer's remorse when they pay more than they wanted to originally,) and then buyer #2 got into contract and things seem to be going well, moving towards a successful closing soon. Our listing on Sunset received two offers all at once after almost a full month on the market. We are in contract and hopefully will reach a successful closing in a month. Our listing on Douglas Lane, once the price was dropped $40,000, to $699,000, has an offer which is currently in negotiations (we have our fingers crossed!) Marlee is still getting lots of showings. So, as you can see, activity has picked up a lot this spring!
Prices rising? No. Firming? Yes, as of now. Forecast? We hear foreclosures are in the pipeline so things might get worse again; we hope not but insiders in the mortgage industry tell us we are not out of the woods yet.
Please call us for an update on your property value. We would be happy to help you with any and all real estate needs!
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