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No, inventory has come down materially from the highs of the late summer of 2025 and rates have come down from around 7% mid 2025 to the high 5s today so those two factors are providing some tailwinds to the market.

Market has picked up a bit in late Q4/early Q1.

Got really busy with offers today, we have a total of 7 offers and we'll be sending out best & final counters tomorrow.

Got 2 offers in on the home and might get one or two other ones, we'll be reviewing all offers on Monday.

Yesterday I listed a turnkey single family residence home in the California Cove community of Laguna Beach on MLS. The home was built in 1985 and features 4 upstairs bedrooms and 2.5 bathrooms along with 1,655sf of living space on a 2,800sf lot. The home is listed at $1,249,000. I'll be hosting...

They picked them because of the faster close and the financed buyer was only putting 25% down. Due to the faster close with the cash buyer, it was actually about $1,500 more with the cash buyer due to 2+ weeks less in carrying costs.

The seller paid both the buyer and listing agent commissions (each were 2%).

Opps, did it on my phone but it's right next door. haha

After one set of counters, we opened escrow earlier this morning. I'll change the status of the listing once we get the deposit into escrow.

I'll post a summary of how 2025 played out and how 2026 may play out. Been focusing on helping my dad out in Las Vegas recover after a few procedures since he lives alone and I'm the only child but he's doing better now so I'm getting back on track.

Earlier this month a fellow South Carolina Keller Williams agent reached out to me asking if could help sell her long-time client's home in Lake Forest. I connected with the seller and they wanted to put their home on the within 10 days as soon as they moved out so we did some minor repairs...

Been catching up on things after helping my dad through some medical procedures. Escrow closed on Copeland on Friday with a sales price of $1,650,000. The seller wanted to test the market at $1,750,000 before the end of the year and we ended up lowering it to my initial listing price...

So dumb, promise something that is doable like a 10-15% annual return and you'll get a lot of people's money.

The answer to that is NO because Irvine is land locked that is mostly built out and unlike anyone other city in the US it has the backing of The Irvine Company which owns a ton of apartments, retail, office, and industrial space so they are incentivized to keep the Irvine perception of Irvine...

The number of buyers really begins to drop off when you get to $3m+.

They are overpriced for the most part and will sit unless the builders reduce prices. There aren't as many $5m+ buyers as there was before this year so it'll be a while before all of those homes are sold.

Yeah because raising the listing price while motivate buyers to put an offer in when a lower price didn't. That is one of the dumbest pricing strategies out there. Price it right out the gate and be done with it because time is money.

I'll have to give these a try with my 4 egg lunches. (y)

Panda just uses Talk Irvine to try to get some new buyers for Johns Creek.

Wait, what? I'm considered being Asian since I'm Polish or is it because my girlfriend is Chinese? :ROFLMAO: