A Fluke or a Sea Change

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At the low end of the Santa Clara and Alameda Counties single family home market ($300-$400k) I’ve got used to having to make multiple offers ror each Buyer before getting a deal

I’ve also noticed this creeping up to the $400-$450k market.

However, until last week there was no sign of the same thing happening at higher price levels in the more “up scale” neighborhoods.

Here’s what just happened just 10 days ago

Fri 9:30 I enter a nice new Cambrian listing for $665,000 and schedule for the following weeks Campbell/Cambrian Broker Tour.

Sat Open House has 35 groups of people through.

Sun Open House had 29 more.

By noon Monday I’d received 3 excellent offers and we had accepted a full price clean one.

Early afternoon I get a call from the organizer of the Brokers Tour telling me that the tour had been canceled as all the scheduled properties had sold over the weekend and I would have been the only property to tour. I was actually sitting at my keyboard to update to a Pending Status, so in fact there were no new listings left to tour.

Is this a onetime situation, or a harbinger of calmer waters coming fast?

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