Off Market, Pocket Listings Selling Like Crazy

You never really know if a homeowner is considering selling these days. Long gone is the time where a spiffy Realtor in a pink blazer put up a “For Sale” sign in the yard.

Off Market, Pocket Listings Selling Like Crazy

You never really know if a homeowner is considering selling these days.

Long gone is the time where a spiffy Realtor in a pink blazer put up a “For Sale” sign in the yard. It’s much more about exclusive information traveling throughout certain circles to learn if a house might be available to buyers.

Strong demand – especially in the higher-end markets – have allowed homeowners the upper-hand in deciding who knows about their intentions to sell.

Many real estate professionals are offering “pocket” listings to satisfy savvy buyers who have the same data as the MLS (multiple listing service) at their fingertips.

After all, if buyers are now able to find listed properties on Zillow and other sites, what value does the agent offer in terms of searching for property?

In Los Angeles, off-market property sales make up around 15% of total sales, according to one Los Angeles firm. This is a large increase from prior years. Nonpublic listings are seeing a sharp increase in the higher-end market for homes listed $10,000,000 and higher.

The advantage is that these types of homes rarely have multiple offers since they cater to only a select few high net-worth individuals, therefore they do not get “stale” sitting on the MLS. The allure of having the chance to purchase something very exclusive is the preference to many high-end buyers.

In the real estate market, things shift as the market does. In this seller’s market, where inventory is low, pocket listings are becoming more popular than ever. Don’t be surprised if you notice some new neighbors moving in next door to your home, as it might have already been sold. 🙂


3 Amazing Luxury Homes for Under $3M Dollars in L.A.
Los Angles has long attracted real estate investors and private purchasers from all over the world - and in 2021 the real estate boom is proving itself to be stronger than ever.
We Analyzed Elon Musk’s Real Estate Strategy, “Own No Home”
In May 2020, Elon made an extraordinary announcement on Twitter, saying that he would “own no home… and sell almost all physical possessions. Days later, five of his homes were seen listed on Zillow. Why did he do this?
Exactly How Bad Are Zillow “Zestimates”? [Case Study]
So it’s really no secret, Zillow can be a bit misleading when it comes to estimating your home’s value. Even their CEO has admitted to this. The question is: How far off are they? Is this issue specific to certain locations, price ranges, markets with lots/little inventory,
L.A.’s Home Prices Have Officially Gone Insane
What exactly does $500 Million dollars buy nowadays? If you are Uber, you could use the money to create a proprietary map of all of the world’s roads - to reduce the reliance on Google maps and make your business more self-reliant. If you are the Pentagon, you could finally
Millennials are driving the housing market
“Generation Y” or what is more commonly known as “Millennials”, people who are between 18-37 year old, has now surprisingly become one of the largest group of home buyers.