Who Turned the Buyer Spigot On?

I need an energy drink, or maybe eight hours of solid sleep would do the trick. Suddenly, past clients, new customers and contacts from the past decided this was the week to move their status from inactive to hot buyer. Think of the Morton Salt slogan, "When it rains, it pours." I never really understood what that had to do with salt, but I do understand the concept when it comes to buyers!

Who turned the buyer spigot on? Did the media finally decide to feature some of the positive housing news instead of the grim? Like a simmering volcano, the pent-up demand for housing can only smolder so long before it unleashes itself with unstoppable force, and there's no putting the top back on the mountain or the buyers back in wait and see mode.

The hot spot in my local housing market is still the under $1M crowd. Those properties are flying off the shelf, often with multiple offers. My buyers lost in a multiple offer frenzy in Eastview earlier this week. Another first time buyer's offer was unable to compete with an investor's cash, and at the sales meeting our broker reported open house attendees exceeded 250 at one under a million dollars beauty in Torrance. That's close to a stampede and I'm sure the agent felt a need for crowd control!

We're ready. My licensed assistant, and all things techie expert, is moving up to buyer's agent. We're hoping there will be enough new inventory to satisfy this enormous buyer appetite. Homes for the holidays is exactly what many buyers are hoping for.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

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