Linda Mar area reported  28%  and Park Pacifica 17% of the sales activities follow by Westsharp Park, Westview Vallemar, and Sun Valley. This report is only for the moth of September 2009     Pacifica California Real Estate Update September 2009 Closed Sales               Cities/ Area Closed Sales Average DOM Average Sales Price Median Sales Price % of Listing Price Received Total Sales Volume               East Sharp Park  0 0 0 0 .0 0 Edgemar  0 0 0 0 .0 0 Fairmont  1 69 570,000 570,000 100.18 570,000 Fairway Park  1 109 505,000 505,000 96.19 505,000 Linda Mar  5 39 521,000 520,000 101.28 2,605,000 Pacific Manor 0 0 0 0 .0 0 Park Pacifica  3 31 710,708 730,125 95.62 2,132,125 Pedro Point  1 145 1,849,000 1,849,000 94.87 1,849,000 Rockaway Beach  0 0 0 0 .0 0 Sun Valley  2 19 532,500 5... 10/10/2009

I've written and offer on an REO and of course, late last night, after calling the listing agent, we get the response that the lender wants all offers resubmitted with "best and highest" and wants them all by 3:00pm Sunday.  I understand that the lender wants as much as they can get. Why 3:00pm Sunday, when the lender isn't even going to be available? I've contacted my clients and shared the request by the lender, but I too wonder if it's really in my clients best interest to rewrite the offer.  I've informed them of the situation, asked them to think about how important this particular house is to them, have done the calculation on the difference in mortgage payment, providing information on comps and current listings, and am giving them as much information as I can, so that they can m... 12/06/2008