Some great news, a client of mine stole a house out from underneath the top 3 offers because the seller and I developed a bond beyond just making a sale. It's good to know that even in this market, relationships matter far more than the value of the $.
TOP 3 OFFERS DIDN'T WIN!
SOLD @ $2,140,000 541 Mercy St in Mountain View
3 bed 2 bath, 1,590 sqft completely remodeled Mountain View home walking distance to downtown. Highest offer lost, as well as 2nd and 3rd place! Saved my client $45,000+ by making all the right moves.
3 bed 2 bath, 1,450+ sqft plus a 600 sqft workshop, on a large 9,125 sqft lot. Location location location! 1.5 miles to the new Apple Campus, or 20 minutes to Google! Built in 1950 and needs updating throughout. Should sell around $1,400,000. Let me know if you or someone you know would like a private showing before we put it on the market.
Inventory in the Bay Area can't get any lower. I heard on NPR that for every 10 families looking for a home there are only 5 being made. The thermometer on my graphic below is a representation of this strong demand. Any articles talking about sluggish sales as a negative aren't giving you the full picture. See here a comment I made directly to the author of an article regarding the potential negative impact they can have by leaving out the "supply" part of the equation.