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SD Realtor.
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February 10, 2009 at 11:49 AM #344444February 10, 2009 at 12:31 PM #344345
SD Realtor
ParticipantI think that those people who are really actually looking for a home understand the points being made here. It is one thing to be viewing statistics all the time and humming along as you post. It is another thing to be a buyer out there submitting offers and getting rammed by multiple bids, short sales with offers in and not accepting any other offers, and just a very poor inventory selection right now.
It is a simple statement of fact, nothing more, nothing less. I cannot even say what the median prices, or the sales volume will look like this month compared to last year. However I can say with absolute certainty that so far this spring has a different activity level compared to last for houses in the say 600k and lower price range. As much power as buyers have right now, if you are a buyer and hoping to get something this spring prepare to be frustrated due to these factors and an extraordinary poor inventory selection.
Quick edit, on the 600k and less number please understand that scales with the neighborhood. Obviously 600k in Mira Mesa is NOT moving but 600k in other areas is moving. So apply the statement priced well relative to the local submarket instead of using a raw number. When you get to the higher end though, things are definitely hurting.
February 10, 2009 at 12:31 PM #344239ParticipantI think that those people who are really actually looking for a home understand the points being made here. It is one thing to be viewing statistics all the time and humming along as you post. It is another thing to be a buyer out there submitting offers and getting rammed by multiple bids, short sales with offers in and not accepting any other offers, and just a very poor inventory selection right now.
It is a simple statement of fact, nothing more, nothing less. I cannot even say what the median prices, or the sales volume will look like this month compared to last year. However I can say with absolute certainty that so far this spring has a different activity level compared to last for houses in the say 600k and lower price range. As much power as buyers have right now, if you are a buyer and hoping to get something this spring prepare to be frustrated due to these factors and an extraordinary poor inventory selection.
Quick edit, on the 600k and less number please understand that scales with the neighborhood. Obviously 600k in Mira Mesa is NOT moving but 600k in other areas is moving. So apply the statement priced well relative to the local submarket instead of using a raw number. When you get to the higher end though, things are definitely hurting.
February 10, 2009 at 12:31 PM #343919ParticipantI think that those people who are really actually looking for a home understand the points being made here. It is one thing to be viewing statistics all the time and humming along as you post. It is another thing to be a buyer out there submitting offers and getting rammed by multiple bids, short sales with offers in and not accepting any other offers, and just a very poor inventory selection right now.
It is a simple statement of fact, nothing more, nothing less. I cannot even say what the median prices, or the sales volume will look like this month compared to last year. However I can say with absolute certainty that so far this spring has a different activity level compared to last for houses in the say 600k and lower price range. As much power as buyers have right now, if you are a buyer and hoping to get something this spring prepare to be frustrated due to these factors and an extraordinary poor inventory selection.
Quick edit, on the 600k and less number please understand that scales with the neighborhood. Obviously 600k in Mira Mesa is NOT moving but 600k in other areas is moving. So apply the statement priced well relative to the local submarket instead of using a raw number. When you get to the higher end though, things are definitely hurting.
February 10, 2009 at 12:31 PM #344377ParticipantI think that those people who are really actually looking for a home understand the points being made here. It is one thing to be viewing statistics all the time and humming along as you post. It is another thing to be a buyer out there submitting offers and getting rammed by multiple bids, short sales with offers in and not accepting any other offers, and just a very poor inventory selection right now.
It is a simple statement of fact, nothing more, nothing less. I cannot even say what the median prices, or the sales volume will look like this month compared to last year. However I can say with absolute certainty that so far this spring has a different activity level compared to last for houses in the say 600k and lower price range. As much power as buyers have right now, if you are a buyer and hoping to get something this spring prepare to be frustrated due to these factors and an extraordinary poor inventory selection.
Quick edit, on the 600k and less number please understand that scales with the neighborhood. Obviously 600k in Mira Mesa is NOT moving but 600k in other areas is moving. So apply the statement priced well relative to the local submarket instead of using a raw number. When you get to the higher end though, things are definitely hurting.
February 10, 2009 at 12:31 PM #344474ParticipantI think that those people who are really actually looking for a home understand the points being made here. It is one thing to be viewing statistics all the time and humming along as you post. It is another thing to be a buyer out there submitting offers and getting rammed by multiple bids, short sales with offers in and not accepting any other offers, and just a very poor inventory selection right now.
It is a simple statement of fact, nothing more, nothing less. I cannot even say what the median prices, or the sales volume will look like this month compared to last year. However I can say with absolute certainty that so far this spring has a different activity level compared to last for houses in the say 600k and lower price range. As much power as buyers have right now, if you are a buyer and hoping to get something this spring prepare to be frustrated due to these factors and an extraordinary poor inventory selection.
Quick edit, on the 600k and less number please understand that scales with the neighborhood. Obviously 600k in Mira Mesa is NOT moving but 600k in other areas is moving. So apply the statement priced well relative to the local submarket instead of using a raw number. When you get to the higher end though, things are definitely hurting.
February 10, 2009 at 12:48 PM #344499kicksavedave
ParticipantSo basically it seems that the bargain hunters are out in force, and are even competing with each other for their percieved.. bargains?
Only time will tell if they are really finding bargains, or just catching knives. And I’m sure a decent percentage of the buyers these days don’t care much about the next few years of market fluctuations. They just want their own house and can finally afford it.
February 10, 2009 at 12:48 PM #344370ParticipantSo basically it seems that the bargain hunters are out in force, and are even competing with each other for their percieved.. bargains?
Only time will tell if they are really finding bargains, or just catching knives. And I’m sure a decent percentage of the buyers these days don’t care much about the next few years of market fluctuations. They just want their own house and can finally afford it.
February 10, 2009 at 12:48 PM #344402ParticipantSo basically it seems that the bargain hunters are out in force, and are even competing with each other for their percieved.. bargains?
Only time will tell if they are really finding bargains, or just catching knives. And I’m sure a decent percentage of the buyers these days don’t care much about the next few years of market fluctuations. They just want their own house and can finally afford it.
February 10, 2009 at 12:48 PM #343943ParticipantSo basically it seems that the bargain hunters are out in force, and are even competing with each other for their percieved.. bargains?
Only time will tell if they are really finding bargains, or just catching knives. And I’m sure a decent percentage of the buyers these days don’t care much about the next few years of market fluctuations. They just want their own house and can finally afford it.
February 10, 2009 at 12:48 PM #344264ParticipantSo basically it seems that the bargain hunters are out in force, and are even competing with each other for their percieved.. bargains?
Only time will tell if they are really finding bargains, or just catching knives. And I’m sure a decent percentage of the buyers these days don’t care much about the next few years of market fluctuations. They just want their own house and can finally afford it.
February 10, 2009 at 1:36 PM #344344AK
ParticipantMy “dream home” is still overpriced and could easily drop another 10 to 20 percent in the coming year or two, IMO.
But I wouldn’t be able to afford my dream home comfortably, even with that price drop.
Houses in a more comfortable price range seem to be selling like crazy at or near asking, as long as they’re in livable condition. By “livable” I don’t mean spotless and move-in ready … I mean fit for human habitation.
February 10, 2009 at 1:36 PM #344450ParticipantMy “dream home” is still overpriced and could easily drop another 10 to 20 percent in the coming year or two, IMO.
But I wouldn’t be able to afford my dream home comfortably, even with that price drop.
Houses in a more comfortable price range seem to be selling like crazy at or near asking, as long as they’re in livable condition. By “livable” I don’t mean spotless and move-in ready … I mean fit for human habitation.
February 10, 2009 at 1:36 PM #344579ParticipantMy “dream home” is still overpriced and could easily drop another 10 to 20 percent in the coming year or two, IMO.
But I wouldn’t be able to afford my dream home comfortably, even with that price drop.
Houses in a more comfortable price range seem to be selling like crazy at or near asking, as long as they’re in livable condition. By “livable” I don’t mean spotless and move-in ready … I mean fit for human habitation.
February 10, 2009 at 1:36 PM #344482ParticipantMy “dream home” is still overpriced and could easily drop another 10 to 20 percent in the coming year or two, IMO.
But I wouldn’t be able to afford my dream home comfortably, even with that price drop.
Houses in a more comfortable price range seem to be selling like crazy at or near asking, as long as they’re in livable condition. By “livable” I don’t mean spotless and move-in ready … I mean fit for human habitation.
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