A funny thing happened this weekend…
January 20, 2009
I threw a party and EVERYONE came?
Well, not exactly… But I did host an open house this weekend, and it sure seemed like everyone was there. As I have done numerous times over the past few months, I held open John Shroyer's listing at 928 Walnut Street in San Carlos. This past weekend, I decided to do a “Walnut Street Marathon,” if you will, and I held the home open Friday, Saturday, and Sunday.
Was it busy? Unbelievably so. I printed up extra fliers on Saturday, but I still ran out of them on Sunday. Twice. (Thank goodness I toted my little Canon iP90 portable printer along for the ride.)
What's the big deal?
It's what is so ordinary about this that makes this so extraordinary. Aside from the fact that it's a really nice house in a good location, there was NOTHING extraordinary about this weekend. Yeah, the weather was nice but it was also a holiday weekend…people should have been anywhere else but shopping for homes. And this isn't a new listing — far from it. It first hit the market over 90 days ago, and the most recent price reduction was two months ago.
“Who are these people?”
…as Seinfeld always used to ask. Just curious neighbors? Nope. They've all been through…several times. Tire kickers? Maybe a few. No, what made this extraordinary was the number of BUYERS who came through. Real buyers. With real money, and real interest in buying a home. Maybe 928 Walnut wasn't a fit for all, but they're looking to buy a home somewhere in San Carlos. That's the big deal.
Competence Breeds Confidence.
I stuck my neck out a few weeks ago on my podcast and stated that the biggest obstacle to the real estate market in San Carlos is lack of confidence, NOT lack of credit. I state in this podcast that the typical buyer looking for a home in San Carlos is well qualified and well funded. The reason they haven't been buying lately isn't because they can't — it's because they choose not to. They're not confident in the economy, nor do they believe that prices have dropped as far as they will go.
So what's the deal? Is it just a coincidence that history is being made RIGHT NOW as our 44th President is being sworn in to office? Are these the defibrillator paddles that will shock the economy back on track? I don't know, but I can't think of any other plausible reason to explain the enthusiasm I witnessed this past weekend. I don't think it's my imagination…I believe we're heading to a bigger and better place. I was pleased to see all the kids going to Central Middle School today decked out in Red, White, and Blue. I can't remember an election and an inauguration that so captivated every age group in our society.
So enjoy witnessing history today. I know I sure will.