John Meussner, #MortgageMadeEasy Fair Oaks, CA 484-680-4852 (Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI)

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

WHOA!  35 Offers?  Holy guacamole!  I don't think I've heard of having that many and have no clue how that spreadsheet would look! 

May 26, 2017 09:08 PM
Ambassador
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

This market is a frenzy and some successful buyers are bidding it out of the park. It may come back to bite them.

May 26, 2017 04:45 PM
Rainmaker
3,672,312
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

John Meussner The inventory is very low in my area, and it is common for a listing to receive many offers.

May 26, 2017 03:47 PM
Rainmaker
4,330,433
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Inventory is starting to build because there is such a shortage of inventroy and some sellers are finally deciding it might be the time to sell.

May 26, 2017 03:45 PM
Rainmaker
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Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

In our area we do have a shortage. We have about 2 months of inventory

May 27, 2017 04:06 AM
Rainmaker
4,245,512
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It depends.  On the market.  On a particular neighborhood.  On the price range.  On the specific type of property.   It is not uncommon to hear similar stories to the one you share --- it can take a lot of patience to be a buyer sometimes -- let alone their agent/lender.    Good luck to your clients.    

May 27, 2017 03:54 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It may change quickly, but I am happy with buyers fighting economic principles and continuing to drive up prices for a while longer.

May 26, 2017 08:31 PM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Wow, 35 offers John Meussner . No shortage here in Minot.

May 26, 2017 06:58 PM
Rainmaker
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Is the Pope Catholic?

May 27, 2017 05:14 AM
Rainmaker
808,903
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Good for sellers but this market is exhausting for agents and buyers. That is a lot of paperwork! -Kasey

May 26, 2017 05:58 PM
Rainmaker
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Steve Higgins
RE/MAX Kelowna - Kelowna, BC

We know we have an inventory shortage. 1 of 35 now that is bad.

May 26, 2017 05:38 PM
Rainmaker
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Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Yes in our area also. Can't ever do it up larger than CA with 35.

May 27, 2017 04:53 AM
Rainer
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Mike Kelly,CRS,CIPS
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

Tight Inventory? No kidding! Ten years afer the big crash we are in the new normal. One can look to many reasons why but the graph below is for Sonoma County, California--"Wine Country", one county above the Golden Gate and neighbor of the famed "Napa Valley" (but we have a coast!). Inventory down 76%, sales down 36% while our average price has soared to $1,444,000 and median at record high of $625,000. Tight huh? 

10 years later! The New Normal

May 26, 2017 08:56 PM
Rainmaker
280,499
Jeanne Gregory
RE/MAX Southwest - Sugar Land, TX
The most important home I sell is YOURS!

We are not experiencing that except in lower priced homes. Rode through our neighborhood tonight and found 5 "coming soon" signs

May 26, 2017 06:09 PM
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Absolutely...

May 26, 2017 06:05 PM
Rainmaker
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Allie Angeloni
Long Realty - Oro Valley, AZ

Absolutely John Meussner!  We've had an inventory shortage last year, and this year it continues.  Currently in our community, we have '20' homes out of 2500 on the Market.   

May 26, 2017 05:51 PM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

At least in many areas and price points. That's the most I have heard about.

May 26, 2017 05:27 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

John,

Based on your example yes.  A

May 26, 2017 04:05 PM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Sounds about right ... fixers seem to draw more competition than turn-key. Investors and contractors are flipping like crazy! 

May 26, 2017 03:56 PM
Rainmaker
5,579,354
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

OMG...that's absurd....why bother....

May 26, 2017 03:56 PM
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

As with everything else real-estate related, this is a question that is definitely dependent upon the locality. Here, while inventory is on the lower end, it's nothing like that scenario you proposed. 

May 27, 2017 03:48 AM
Rainmaker
3,622,507
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

In some areas around here why yes, yes we do have a shortage. 

May 27, 2017 03:33 AM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Fixer uppers are the most popular in my hood too. Everything that looks a bit lower than a market value gets a lot of attention, especially houses in good areas that can be expanded and improved. 

May 26, 2017 11:44 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

John Meussner - one of 35! I'd say we have excessive buyers!

May 26, 2017 10:44 PM
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 That's insane!

May 26, 2017 09:37 PM
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

That is the way it is. After raising two interests I hope things will be quiet for change.

May 26, 2017 06:59 PM
Rainmaker
2,684,202
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Only because of pricing mostly not product per se.....

May 26, 2017 05:41 PM
Rainmaker
601,096
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

35 is a lot.  In our market, I heard of one brokerage receiving 42 offers on a property. The most we personally have had is 22.

May 26, 2017 04:57 PM
Rainmaker
1,708,235
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We don't get that in Oklahoma City but it is normal for many locations.

May 26, 2017 03:30 PM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

We are not that bad but on the way.

May 26, 2017 08:38 PM
Rainmaker
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Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

We're still balanced over here

May 26, 2017 07:06 PM
Rainmaker
786,548
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Most definitely! 

May 26, 2017 06:44 PM
Rainmaker
406,480
Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

Yes, Kauai is starting to experience the shortage too.

May 27, 2017 06:02 PM
Rainmaker
1,347,522
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

CA has been in an inventory shortage since 1999, it was just delayed in it's full impact by the crash, but it's simple math: more people are born into CA or relocate here than houses are built, hence a shortage.

Good to be a seller or landlord here, tough to be a buyer or tenant.

May 27, 2017 11:00 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Thinventory is a growing issue in many areas with no immediate cure in sight!

May 27, 2017 06:19 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes

May 27, 2017 06:02 AM
Rainmaker
6,968,613
Roy Kelley
Retired - Gaithersburg, MD

A common experience in many areas.

May 27, 2017 04:10 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

35 is A LOT, saw up to 20 earlier this year.    Definitely an inventory shortage!

May 29, 2017 03:57 PM
Rainmaker
844,372
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

More in some areas than in others, but generally yes.

May 29, 2017 08:35 AM
Rainmaker
1,425,250
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yowzers!

May 28, 2017 03:17 PM
Rainmaker
3,376,874
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It is mixed. Clean newer homes are a shortage here, but homes that need work , are becoming plentiful

May 28, 2017 06:22 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

yep

May 28, 2017 05:59 AM
Rainmaker
4,799,701
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Or a buyer surplus.

May 28, 2017 05:18 AM
Rainmaker
4,280,601
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I know we still have one in the Denver area.

 

May 27, 2017 09:51 AM
Rainmaker
1,157,535
FN LN
Toronto, ON

My area has had that issue for some time.

May 27, 2017 08:24 AM
Rainmaker
3,070,784
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Not yet...here

May 27, 2017 07:44 AM
Rainmaker
1,667,526
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

You bet we do depending on the market area.

May 27, 2017 07:01 AM
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Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

crazy out there

May 27, 2017 06:52 AM
Rainmaker
914,708
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Fixer uppers have always received an inordinate level of attention.

New builds are going to hit the market by mid summer.

Sellers will now have something to move into and this should create more movement.

May 27, 2017 06:20 AM
Ambassador
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

No, I know. 

May 27, 2017 05:11 AM