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Post by scrappinheather on Mar 9, 2017 23:41:19 GMT
We listed our house for sale today in the Seattle area (snoqualmie) at $685,000. We listed 3 1/2 hours ago and we already have 5 showings scheduled for today. Is it the same where you are? I can't believe this crazy market!
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Post by anonrefugee on Mar 9, 2017 23:44:19 GMT
We listed our house for sale today in the Seattle area at $685,000. We listed 3 1/2 hours ago and we already have 5 showings scheduled for today. Is it the same where you are? I can't believe this crazy market! Congratulations! Ours is going well, but doesn't effect us since we're staying put. The most common remark is our kids are being priced out of living in their hometown after college. |
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Post by melanell on Mar 9, 2017 23:44:37 GMT
No. New construction is popular here right now, so there is a glut of homes on the market as people sell their old home to move into a new build. Homes often sit on the market for quite some time.
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Post by mom on Mar 9, 2017 23:46:03 GMT
Nope, not here. Some houses are sitting on the market 100+ days and no sign of selling anytime soon.
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Post by 950nancy on Mar 9, 2017 23:46:30 GMT
Many houses sit here and some sell in the same day they are listed. The prices have certainly gone up lately.
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Post by pondrunner on Mar 9, 2017 23:47:28 GMT
I am in the market right now as a buyer.
There are three houses for sale total in the school district. I looked at a 735k piece of shit last weekend that needed renovation and was out of my budget and my school district. No thanks. Baseboard heat and 735k forget that.
Our inventory is just pure crap right now and I'm glad I'm not in a hurry but do kind of wish I was selling in this market.
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Post by procrastiscrap on Mar 9, 2017 23:47:37 GMT
We had close to 25 showings in 4 days and multiple offers. Thank god because our builder pushed up our closing by a month 3 months before our original closing.
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perumbula
Pearl Clutcher
Posts: 3,439 
Location: Idaho
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Post by perumbula on Mar 9, 2017 23:49:44 GMT
our area is growing. Boise is crazy. They have a little over a month's worth of inventory. Less than 6 months of inventory is considered a seller's market. Our market isn't quite as bad, but we would be selling faster if people would list their homes. I'm sitting on ten buyers who are interested in buying but there isn't anything for them to buy.
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Post by myshelly on Mar 9, 2017 23:50:15 GMT
Yes
I have friends who are trying to buy and you can't get a house unless you offer above asking price. A lot of buyers are offering cash bonuses to sellers (money outside of financing that buyers pay directly to the sellers upon accepting their offer), too.
If you don't have extra cash on hand you just can't compete.
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Post by chaosisapony on Mar 9, 2017 23:55:36 GMT
It's nuts here. I'm looking for a small house no bigger than 1200 sq feet and its not uncommon for them to sell the same day or day after they are listed. There's a glut of much larger houses that are newer construction that are selling more slowly but it seems that right now people in this area are wanting smaller homes.
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Post by Neisey on Mar 10, 2017 0:09:58 GMT
I live in a military town...about 4 years ago way more members were posted out than posted in leaving a ton of houses on the market. My ex and I separated around that time and I was able to take advantage of the glut and buy an empty house at a great price. Postings in and out have been about equal the last few years so the glut remains, just with some new houses, so price reductions are the norm to just get rid of the house. A house on my street has been for sale since before I bought and gas reduced from 299,000 now at 209,000. I'm not planning on selling anytime soon so I'll hopefully ride this out.
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Post by refugeepea on Mar 10, 2017 0:17:01 GMT
Definitely better than when we bought our house and everything went down hill with the economy in our area. My friend is a successful realtor and she posted on Facebook she was looking for homes or land to build in certain areas. There is not enough inventory! I think we could possibly get $6000 more than what we paid.  |
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Post by tenacious on Mar 10, 2017 0:26:34 GMT
Yes-ish.
Smaller homes (under 400k) are flying off the shelves. Larger newer homes are taking their time. There are very few of those on the market at all.
The price of new construction and custom builds is out of sight. Way out of whack. Unfortunately because of the shortage of homes on the market here, we are probably going to start building this summer. I am sick at how much it is going to cost, but, we have been looking for an existing home for 3 years, and can't find anything. We need to move because my mother unexpectedly moved in with us and has been sharing a tiny bathroom with my 15 son! Not working, as you can imagine.
BTW, my aunt just bought in Snoqualmie, and her brother, my uncle lives there, as well. She had a heck of a time finding a place, so I am familiar with the market there. It is truly crazy! Lovely area! Our market is nowhere near that crazy. I am 30 minutes south of Salt Lake City, Utah.
Erin
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SabrinaP
Pearl Clutcher
Busy Teacher Pea
Posts: 4,355
Location: Dallas Texas
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Post by SabrinaP on Mar 10, 2017 0:28:02 GMT
Yes, I think most of North Texas is super hot right now. My friend had her house on the market. It was priced below the average house price in our area because it was older and smaller than most houses. I told her that it would go fast because it was a good price for people just starting out that wanted to get into our town. Sure enough, the had 8 showings on the first day and ended up selling it for $11,000 over list price.
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Post by laureljean on Mar 10, 2017 0:41:29 GMT
Yep, it's a seller's market here (western Michigan). Houses are selling in less than a week and usually for more than asking price. Sellers are being advised to find a place before they put their house on the market.
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Dalai Mama
Drama Llama
La Pea Boheme
Posts: 6,985
Jun 26, 2014 0:31:31 GMT
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Post by Dalai Mama on Mar 10, 2017 0:44:19 GMT
Ours has been like that for almost a decade (Toronto). When we sold our last house, it was on the market for 10 hrs and went for well over asking.
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LeaP
Pearl Clutcher
Posts: 3,939
Location: Los Angeles, CA where 405 meets 101
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Post by LeaP on Mar 10, 2017 0:48:58 GMT
It is warmish here. Many people bought in the 500,000-700,000 range, they are building new homes that have sold for 1.2-1.6 million. It does take a few months for the expensive ones to sell.
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Post by imkat on Mar 10, 2017 0:56:30 GMT
No. It took us a long time and several reductions to sell our house last summer. It was a really nice house, nice neighborhood, nice schools. I think a factor in our area may be property taxes...$10,000 for 3100 square feet.
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Post by Sorrel on Mar 10, 2017 1:00:27 GMT
Denver is crazy. I'm lucky that I bought my house when the market was down; I was able to use the equity to finance an addition and renovation when I got remarried and my husband and step-son moved in. DH and I would love to downsize when the kids are gone, but even condos are ridiculous here now.
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Post by ntsf on Mar 10, 2017 1:00:57 GMT
well.. there is no inventory here.. there is a house that hasn't been touched since 1968.. small slab of concrete for a backyard, 1 car garage, and an in law unit in basement.. 1500 square feet. cheap at 999,000. a fully remodeled (to the studs) house with 7 bedrooms and 6 bathrooms up the hill is listed for $2.7 million... we will see.. that has been on the market for 3 weeks. condos have slowed a bit.. you can now get a 1 bedroom for under 1 million.
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Post by beaglemom on Mar 10, 2017 1:06:15 GMT
yup...bulldozable or super tiny in the low millions...up to 39.5 million. Move in ready and not needing any work ... 3-4 million.
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Post by papersilly on Mar 10, 2017 1:23:21 GMT
southern california here. of course our market is crazy.
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used2scrap
Drama Llama
Posts: 6,036
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Post by used2scrap on Mar 10, 2017 1:47:53 GMT
If only...8 houses for sale on our street of about 40 homes. At least 3 are forclosures. Everyone is upside down on their mortgage as the market bottomed out right after people bought (new area about 11/12 years ago). Yet new houses are still being built all over the town/county. Lots of vacant houses. Very depressing times here.
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Post by catmom on Mar 10, 2017 1:49:41 GMT
Toronto area market is out of control. You can hardly buy a house for less than $1m. A bungalow which hasn't been updated in 30+ years was listed at $750k and sold for above asking, probably just for land. We actually have decided to stay in our house and renovate because we simply can't afford to buy anything.
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Post by tenacious on Mar 10, 2017 2:03:43 GMT
yup...bulldozable or super tiny in the low millions...up to 39.5 million. Move in ready and not needing any work ... 3-4 million. What the freak? Are you in Vancouver? Erin |
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Post by MichyM on Mar 10, 2017 2:08:19 GMT
Yep. While I'm not moving...at least not in the next few years, I'm keeping up with things as a good friend is trying to find the right place. It's very rare that something she wants comes up, and when it has it's been gone in an instant. Through her realtor, she recently attempted to make an offer on a house that wasn't even on the market.
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Post by gmcwife1 on Mar 10, 2017 2:10:40 GMT
Well I'm right outside of Seattle so yea, same market. People have no idea what the cost of living is here in the Seattle area. Our housing prices have been going up again this past year.
Yay for you being a seller in this market!!
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Post by fredfreddy on Mar 10, 2017 2:12:49 GMT
Always. South San Jose. Bought first house in 1999 for 314K and sold it in 2005 for 589K. Bought second house nearby for 600K and currently worth 979K.
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Post by cadoodlebug on Mar 10, 2017 2:17:14 GMT
Crazy because of lack of inventory. We put ours in the MLS about an hour ago and will Broker Tour it tomorrow and have open houses on Sat and Sun. Everyone who has seen it says we will get multiple offers. We hope so but we just need one good one.  |
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Post by iamkristinl16 on Mar 10, 2017 2:20:55 GMT
Many houses sit here and some sell in the same day they are listed. The prices have certainly gone up lately. This is how it is here as well. We are looking and there isn't a lot on the market. Several friends have sold in less than a day. |
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