North Coast Village | MARKET REPORT
13 Active/For Sale
1 Studio | 10 One Bedroom | 2 Two Bedrooms
3 Currently Pending/Under Contract
The Caudill Team is representing all 3 of the sellers and 1 buyer of the pending units.
1 One Bedroom | 2 Two Bedrooms
9 Total Sales since July
The Caudill Team represented 5 of the 9 - including the 3 highest priced!
1 Studio | 5 One Bedroom | 3 Two Bedrooms
Selling Prices Ever – Representing 4 Sellers and a Buyer!!
1 Beachfront Cottage D15 – Sold in 4 days for $2,100,000!
2 Beachfront Cottage D27 – Sold in 2 days for $1,900,000!
3 Beachfront Cottage E16 – Under Contract in “0” days! Listed at $1,899,888 - $2,099,888!
4 Unit E311 listed at $1,624,888 - $1,699,888 – Under contract in 14 days for the highest selling price ever for a tower building unit!
Upon considering the partner to sell your NCV home be sure they are a REAL ESTATE PROFESSIONAL, not only a real estate agent. The sellers AND buyers of NCV properties are, in most cases, already luxury home owners. It’s important that your REAL ESTATE PROFESSIONAL is able to quickly display credibility, integrity and knowledge to the buyers and/or their representative. What education does your representative have in marketing luxury homes?
You may, or may not, be aware that more than three years ago Fannie/Freddie moved NCV to what’s called a “non-warrantable” status – referred to as a “condotel or condo hotel”. This was done because of the amount of short-term rentals. Many cannot understand why!
I’ve recently had conversations with multiple agents who have stated some NCV listing agents tell them that, because of this status, loans are not available, or they’re difficult to get, or it’s a cash only complex. Do you actually want your listing agent to represent your property in this manner??
Since July 1, nine NCV homes have sold and three are under contract. More than half of those have closed with loans!! Two of the three pending are with loans and one is cash. One lender has gotten two of the pending homes fully underwritten/approved in 5 business days! This includes the tower building highest priced home. Some are with 25% down and another with 0 down – a VA loan. Your REAL ESTATE PROFESSIONAL must be able to provide buyers/agents with qualified lenders instead of telling them loans are difficult to get!!!
Your REAL ESTATE PROFESSIONAL will most likely need to sell your home two times – first to the buyer’s representative (to encourage them to show the property) and then, along with the buyer’s representative, sell it to the buyer.
If you’re considering selling your NCV home, it would be my pleasure to expound on the notes above and explain our effective listing, marketing and sales techniques.
— Steve Caudill
