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> A nearly $200k markup over less than 4 years is crazy I'd wager that 75-90% of that gain came in the last 12 months alone. In the Santa Cruz Mountains, hous
by awb 6y ago
> A nearly $200k markup over less than 4 years is crazy
I'd wager that 75-90% of that gain came in the last 12 months alone.
In the Santa Cruz Mountains, houses are going within days well over asking to buyers with all cash offers.
Our realtor friend listed a house for $1.5M, and within 48 hours had 7 bids, topping out at $1.85M. The people who bid $1.6M didn't even get a counter offer.
They said it's a mix of Silicon Valley millionaires and billionaires buying 2nd+ homes outside of the city.
- scruple 6y ago> In the Santa Cruz Mountains, houses are going within days well over asking to buyers with all cash offers. Where I live in south Orange County, as well. Listings are in the market for 1-2 days tops in my neighborhood. It's ... insane.
- bradlys 6y agoSanta Cruz mountains aren’t like middle of nowhere though... They’re very desirable (outside of being on fire all the time). They’re no different than the rest of SV when it comes to the general market...