From my experience having a year or two of high end (real high end) inventory is par for the course. The more meaningful measure in this case is the shear vloume of listings. If they are at historical highs that is meaningful.
I see that my neck of the woods claims the booby prize:
Mission Hills – 27 months
Another potential factor is that for whatever reason there have not been that many distressed sales in north mission hills particularly in the over 1M range. I think that has given sellers a false sense of security but they are failing to consider the “substitution” effect. Stuff up to 900k priced aggressively is moving well on the other hand so maybe MH is just not as high end as it once was.
I see that my neck of the woods claims the booby prize:
Mission Hills – 27 months
Another potential factor is that for whatever reason there have not been that many distressed sales in north mission hills particularly in the over 1M range. I think that has given sellers a false sense of security but they are failing to consider the “substitution” effect. Stuff up to 900k priced aggressively is moving well on the other hand so maybe MH is just not as high end as it once was.
I see that my neck of the woods claims the booby prize:
Mission Hills – 27 months
Another potential factor is that for whatever reason there have not been that many distressed sales in north mission hills particularly in the over 1M range. I think that has given sellers a false sense of security but they are failing to consider the “substitution” effect. Stuff up to 900k priced aggressively is moving well on the other hand so maybe MH is just not as high end as it once was.
I see that my neck of the woods claims the booby prize:
Mission Hills – 27 months
Another potential factor is that for whatever reason there have not been that many distressed sales in north mission hills particularly in the over 1M range. I think that has given sellers a false sense of security but they are failing to consider the “substitution” effect. Stuff up to 900k priced aggressively is moving well on the other hand so maybe MH is just not as high end as it once was.
I see that my neck of the woods claims the booby prize:
Mission Hills – 27 months
Another potential factor is that for whatever reason there have not been that many distressed sales in north mission hills particularly in the over 1M range. I think that has given sellers a false sense of security but they are failing to consider the “substitution” effect. Stuff up to 900k priced aggressively is moving well on the other hand so maybe MH is just not as high end as it once was.
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