When a record low number of available homes is matched with fierce pent-up demand, it results in homes selling immediately and more than their asking prices. To give you an example, on one recent listing, I received 15+ offers (with 10 offers already 150K+ above asking price) in 2 days. When demand outstrips the supply, we are in an outrageous, red-hot housing market where buyers are pit against each other creating survival of the fittest.
Read MoreGorgeous Model-Like townhome in the brand new community of Indigo in Portola Springs. Built in 2017, this hardly lived in home features 3 bedrooms, 3 baths, an open floorplan, and lots of upgrades. Enter through the formal foyer and you will be greeted by a LARGE and BRIGHT GREAT ROOM with high ceilings, recessed lighting, grey luxury vinyl flooring, and large windows overlooking the lush green belt in front of the home.
Read MoreNO HOA! NO MELLO ROOS! Charming Family Home located in the serene community of Greenfield in Northwood. As you enter the formal foyer, you will be greeted by the spectacular OPEN FLOORPLAN with vaulted ceilings, hardwood floors, stunning staircase, living and dining room, and lots of natural light. Chef-inspired kitchen features white wood cabinetry, stainless steel appliances, and an eat-in breakfast nook overlooking the OVERSIZED LUSH GREEN BACKYARD.
Read MoreSouthern California housing market continues to heat up with more people looking to buy a home in a time where there is very low inventory on the market. Many homeowners have seized the opportunity to sell their home at top market price, with final sale prices far surpassing original asking prices.
Read MoreHappy New Year! The supply of homes available to purchase is at a staggering, record low. Matched by a crazed demand, the market is insanely HOT! With nearly no homes on the market, home values are soaring, and today’s higher mortgage rates are not deterring buyers from purchasing.
Read MoreThe Holiday Season is in full swing and many buyers and sellers are taking a break to enjoy this time with family and friends.
Active Inventory dropped another 6% in the past two weeks. The fewest number of homes are placed on the market in December. Inventory will continue to plunge by year’s end and will hit a new record low upon ringing in the New Year. Last year, there were 131% more homes than today due to a delay in the Spring Market because of Covid.
