I think since sales prices are going up and getting financing is not as easy as it used to be a lot of people are going towards renting. This influx in renters is causing the demand for rentals to be much higher therefore causing prices to increase also causing sellers to increase their prices due to the higher rents the properties are getting.... more
I mean, demand is so high that almost nothing stays on the market for more than a few days regardless of pricing???
And this is across the board from basic rents to luxury rentals. I have seen a $4500 price tag for a 735 sqf unit???
We are looking at over 20% increase from last years prices and rising, almost exponentially!!!!!
I hope I am wrong!!!!!!!!!!!!!!!!!!!!!!!!!... more
I never found the sales Zestimates to be much of an issue, sure they might be a decent yard stick but there's alot more to pricing a property than just the mathematical formula that the Zestimates use. It's like saying the right ball park & section but you still don't know the row or seat #.
Makes for some interesting conversations though & great way to start & engage customers/clients/friends in a non threatening way,
Hope all is well :) here's to a great spring... more