Around town Sunday, January 30, 2011

I was out with clients this afternoon in the Redwood Shores area. We had been out the past two weekends and, last weekend, we saw a couple of interesting homes out of 5.

Today, one of the two, went pending with an all cash offer, 3 day close. I had spoken to the listing agent yesterday and, at that time, there were no prospects in sight. Evidentially, this a.m., someone stepped up to the plate and gave this seller what he was asking. The seller has had 3 prior offers but he was holding out for his price.

Then, 2 other properties that we saw last weekend also were pending. Low inventory and buyers are out. Spring market has come a little early this year.