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If these chair could talk! I’ve been enjoying seeing and talking with many of you in the summer months. These chairs have provided me a respite from zoom and a safe way to connect. I’ll be working from Whidbey next week, yet if you would like some “chair time” before the weather turns – just let me know! We are ALL going to need to be creative into the fall and winter months in connecting safely. Building our reserves and vitamin D right now will help us endure. 2020 began as a sprint, became a marathon and now…well, an ultramarathon. I’m running each mile with you…
August Market Report
[wpvideo zSXYPT51]
Outside of monthly stats, what micro trends are you seeing? They matter!
I have one story to share this week (more next week)…
[note: This is a real example. The brokers representing House A & B are respected and talented brokers. This is not a reflection of poor agenting, more so a reminder to continue to study micro trends to nail your craft each week]
|
|
House A |
House B |
|
List Date |
7/16/2020 |
7/17/2020 |
|
Original List Price |
$675,000 |
$675,000 |
|
CDOM |
5 |
5 |
|
Neighborhood |
Wedgwood |
Wedgwood |
|
Bedrooms |
3 |
2 |
|
Bathrooms |
1 |
1 |
|
Year Built |
1947 |
1951 |
|
House sqft |
1,500 |
1,580 |
|
Lot Size |
5,406 |
5,200 |
|
Inspection |
Seller Provided |
Buyer Allowed 1 day inspection period |
What do you notice?
Which house sold for more A or B?
Buy how much? ($25,000, $50,000, $100,000, more)
Why?
Answer is: House A
What is the value of a seller provided inspection and sewer scope? Seems to me this story shows a real value (other factors involved too – just pointing one out).
|
|
House A |
House B |
|
# of offers |
30 + |
8 offers |
|
Selling Price |
$861,000 |
775000 |
|
% over OLP |
28% |
15% |
|
$ over OLP |
$186,000 |
$100,000 |
Party of five: What are the rules?
Party of 5 anyone? I’m feeling the need to remind us where we are locally in flattening the curve. Answer is: it’s not flat yet. As the pandemic wears on and the summer weather turns ever more glorious, the temptation for us to gather with friends and relatives only grows stronger. But with COVID-19 cases continuing to rise across Washington State, it is more important than ever to follow a few basic rules about social engagements.
Ok, let’s wrap it up for today and fill our cups with a cool Friday evening beverage. To creating safe summer vibes in work and play as we head into another beautiful August weekend! Go Slow, Do No Harm.
All in, for flattening the curve. All in, for you. All in, for us.
– Laura
