Jeff Dowler, CRS, The Southern California Relocation Dude (eXp Realty of California, Inc.)

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Rainmaker
3,725,179
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Not sure what you mean by  sub-par homes... we have a strong seller's market but people are not buying for the sake of buying and expect value for the money they spend.

Oct 12, 2016 04:51 PM
Ambassador
3,722,026
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Yes, and some of them are even selling.  Go figure!

Oct 12, 2016 04:06 PM
Rainmaker
3,516,960
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff not only are they hitting the market at higher prices but buyers are buying them... Endre

Oct 12, 2016 03:02 PM
Ambassador
2,523,326
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Not an issue here in Tallahassee.

Oct 12, 2016 01:07 PM
Rainmaker
1,922,157
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

yes - I think that people are trying to sell the dogs now 

Oct 12, 2016 12:54 PM
Rainmaker
3,830,605
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I have seen some examples over the years.   Reality matters.

While our overall market still favors sellers with multiple offers and sales over list price still occurring, we are also seeing some increased inventory, longer days on the market and price changes(and often after a very short time).   It comes down to neighborhoods and certain price points

Oct 12, 2016 06:06 PM
Ambassador
4,309,924
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jeff Dowler - there will always be someone who will try to take the advantage of the 'hot market'!

Once they realize it the home can't sell at that price, they either go with right price or get back into the home!

Oct 12, 2016 03:44 PM
Rainmaker
1,231,318
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Not in Erie, PA

Oct 12, 2016 03:01 PM
Rainer
12,938
Aaron Mtuanwi
LBBM Brokers, Inc - Lawrenceville, GA
INSPIRED TO SERVE Atlanta, GA [Metro Atlanta Area]

There was a big shift in the Metro Atlanta market. It did cover for the previous drought. But once it reached where we are right now, it kind of slowed. Sellers are still asking for too much, but we see a lot of price reduction going on.

Oct 12, 2016 01:04 PM
Rainmaker
5,176,403
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jeff,

We saw a lot that in Napa...we are not seeing that here.  A

Oct 12, 2016 12:46 PM
Rainmaker
1,662,243
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

There are always sub-par homes trying to sneak in amoung the sellers that take the time to make their house ready for the market. As prices increase, the sellers decide to do less & less work. 

Your buyers will start to balk now at the condition just watch.

Oct 12, 2016 09:50 PM
Rainmaker
850,030
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

There are a lot of $500,000 + houses with evident listing longevity, that are clearly the result of 'INSPIRED' pricing.

The PROM QUEEN, as always sells fast.

Be aware, within a real estate market their will exist, simultaneously a buyer, seller and balanced market. The  400K+ segment is shifting towards the direction of a buyers market as inventory continues to grow. Meanwhile the 350K (-) is still a strong sellers market.

Oct 12, 2016 09:36 PM
Rainmaker
1,992,400
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Scarcity is driving this

Oct 12, 2016 09:28 PM
Ambassador
1,706,936
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Jeff, our market in Oklahoma City is pretty balanced so not so much.

Oct 12, 2016 09:28 PM
Ambassador
5,035,934
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Our market has not been crazy like so many other areas, but with all the buzz about a sellers market it stands to reason that subpar homes would be selling, or at least getting listed.

Oct 12, 2016 09:10 PM
Rainmaker
1,157,329
FN LN
Toronto, ON

The market is still very hot in my area.  It remains to be seen how the new mortgage rules will affect it.

Oct 12, 2016 04:23 PM
Ambassador
2,216,158
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

We aren't see that in my area. But we haven't had the craziness that other markets have experienced with homes selling for way over asking price after many offers. 

Oct 14, 2016 08:38 AM
Rainer
309,874
Melissa Jackson
Century 21 Alliance Properties - Azle, TX
Helping You Make The Right Move

Yes, some are selling and others getting relisted with new agents.

Oct 13, 2016 01:45 PM
Rainmaker
1,280,298
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Many sellers think they can over price and get it because of the market.

Oct 13, 2016 12:35 PM
Rainmaker
3,985,753
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes and over 75% lower their price at least once

Oct 13, 2016 10:20 AM
Ambassador
3,503,833
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 I haven't found this to be true at this point ....

Oct 13, 2016 08:23 AM
Rainmaker
612,192
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

Homes are being listed above market value and we are seeing many more price reductions.  Prices continue to rise but list prices exceed the market value in many cases.

Oct 13, 2016 06:31 AM
Ambassador
1,615,844
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

You mean the homes that want full market value with no upgrades. Yes

Oct 13, 2016 06:29 AM
Rainmaker
793,627
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Alas Jeff, we are still in a buyers' market.

Oct 13, 2016 05:24 AM
Rainmaker
5,539,463
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

if a home is a fix and flip and it's too much money, builders won't touch it...or they'll make an offer at the number that works....

Oct 13, 2016 05:12 AM
Rainmaker
1,119,832
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

All the time. 

Oct 13, 2016 04:57 AM
Rainmaker
1,337,413
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

YES!  Dumps being priced at or just under retail, instead of where they should be priced.

Oct 13, 2016 03:06 AM
Rainmaker
500,293
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

In our market, sellers have been dictating price. However, no reasonable buyer will overpay for any property. Sellers who want to sell must set a price which will attract buyers - and appraise!

Oct 13, 2016 02:49 AM
Rainmaker
6,166,983
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes.

Oct 13, 2016 01:47 AM
Rainmaker
899,502
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

That's not really new here

Oct 13, 2016 12:20 AM
Rainmaker
1,610,341
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

There have been quite a few, and buyers seem ignorant to it. A nail in a board sells just like before '08.

Oct 13, 2016 12:16 AM
Rainmaker
2,590,754
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes to your question...got a questionable one around the corner and they have lowered the pricing plus did some work to try to capture a result. On high prices, we may be at peak. I advise caution

Oct 12, 2016 11:31 PM
Rainmaker
1,120,222
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

No more than usual.

Not really seeing this as a Seller's Market anymore down here Jeff, it's more a level playing field in that 50% of sellers are reducing prices and sitting 30-60 days while the other half are still experiencing multiple offers. So, it depends on the Micro-market and property type as to who's in control. Buyers are getting good at sweating the sellers down in price by simply taking their time with offers.

Oct 12, 2016 11:04 PM
Rainmaker
3,854,162
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Seeing a few tired condos needing work at prices that are more appropriate for remodelled units. Not sure if it is just a test!

Oct 12, 2016 11:02 PM
Rainmaker
1,354,877
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

It does seem there are pricing errors and many price decreases before the sale.

Oct 12, 2016 11:00 PM
Rainmaker
813,213
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

That happened, but I also ee many lowering their prices when they finallly figure out buyers and buyers agents aren't stupid. I've had several agents from listings I showed 3 months ago, now calling me back to see if my buyer is still interested.

Oct 12, 2016 10:57 PM
Rainmaker
140,265
Chrissi Chapman Topoleski
Coldwell Banker Realty - Woodbridge, VA
HOME~There is no place like it!

They hit the market, but in higher price points have been sitting and doing massive price cuts. The homes I am watching just continue to drop prices.

Oct 12, 2016 10:50 PM
Rainmaker
3,265,047
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The trend here is that undeisred areas or homes needing work in good areas are now declining in price. Homes in good areas and good condition are still on the rise

Oct 12, 2016 10:43 PM
Rainmaker
4,433,283
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

no

Oct 12, 2016 10:12 PM
Rainmaker
3,069,179
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Overall - stable

Oct 12, 2016 10:12 PM