- This topic has 45 replies, 6 voices, and was last updated 15 years, 2 months ago by
sdrealtor.
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December 18, 2009 at 4:17 PM #496074December 18, 2009 at 7:59 PM #495468
CA renter
Participant[quote=sdrealtor]Just my limited expereince but every buyer has been someone looking for a long term home. Then again I’m selling at retail so the investors get shooed away when they show up with low offers.[/quote]
But don’t forget all the inventory being bought up in bulk purchases (straight from the banks) and by investors at trustee sales. I’m guessing (really, really guessing) these comprise perhaps a third or a half of all available inventory — not just MLS inventory. Perhaps they’re an even larger portion of sales going on right now. With everything designed to be so opaque, we can only guess based on anecdotes and bits and pieces offered up by insiders and people who are trying to research this “shadow inventory.” These investor purchases are the real story, IMHO.
December 18, 2009 at 7:59 PM #496094CA renter
Participant[quote=sdrealtor]Just my limited expereince but every buyer has been someone looking for a long term home. Then again I’m selling at retail so the investors get shooed away when they show up with low offers.[/quote]
But don’t forget all the inventory being bought up in bulk purchases (straight from the banks) and by investors at trustee sales. I’m guessing (really, really guessing) these comprise perhaps a third or a half of all available inventory — not just MLS inventory. Perhaps they’re an even larger portion of sales going on right now. With everything designed to be so opaque, we can only guess based on anecdotes and bits and pieces offered up by insiders and people who are trying to research this “shadow inventory.” These investor purchases are the real story, IMHO.
December 18, 2009 at 7:59 PM #496335CA renter
Participant[quote=sdrealtor]Just my limited expereince but every buyer has been someone looking for a long term home. Then again I’m selling at retail so the investors get shooed away when they show up with low offers.[/quote]
But don’t forget all the inventory being bought up in bulk purchases (straight from the banks) and by investors at trustee sales. I’m guessing (really, really guessing) these comprise perhaps a third or a half of all available inventory — not just MLS inventory. Perhaps they’re an even larger portion of sales going on right now. With everything designed to be so opaque, we can only guess based on anecdotes and bits and pieces offered up by insiders and people who are trying to research this “shadow inventory.” These investor purchases are the real story, IMHO.
December 18, 2009 at 7:59 PM #495623CA renter
Participant[quote=sdrealtor]Just my limited expereince but every buyer has been someone looking for a long term home. Then again I’m selling at retail so the investors get shooed away when they show up with low offers.[/quote]
But don’t forget all the inventory being bought up in bulk purchases (straight from the banks) and by investors at trustee sales. I’m guessing (really, really guessing) these comprise perhaps a third or a half of all available inventory — not just MLS inventory. Perhaps they’re an even larger portion of sales going on right now. With everything designed to be so opaque, we can only guess based on anecdotes and bits and pieces offered up by insiders and people who are trying to research this “shadow inventory.” These investor purchases are the real story, IMHO.
December 18, 2009 at 7:59 PM #496007CA renter
Participant[quote=sdrealtor]Just my limited expereince but every buyer has been someone looking for a long term home. Then again I’m selling at retail so the investors get shooed away when they show up with low offers.[/quote]
But don’t forget all the inventory being bought up in bulk purchases (straight from the banks) and by investors at trustee sales. I’m guessing (really, really guessing) these comprise perhaps a third or a half of all available inventory — not just MLS inventory. Perhaps they’re an even larger portion of sales going on right now. With everything designed to be so opaque, we can only guess based on anecdotes and bits and pieces offered up by insiders and people who are trying to research this “shadow inventory.” These investor purchases are the real story, IMHO.
December 18, 2009 at 9:42 PM #496027no_such_reality
Participant[quote=CA renter]Bidding wars are fairly common everywhere from what I’m hearing. It’s happening in San Diego, Orange County, L.A. County, Las Vegas, Phoenix, etc., etc.
[/quote]It’ the low inventory. There is simply too little inventory.
December 18, 2009 at 9:42 PM #496114no_such_reality
Participant[quote=CA renter]Bidding wars are fairly common everywhere from what I’m hearing. It’s happening in San Diego, Orange County, L.A. County, Las Vegas, Phoenix, etc., etc.
[/quote]It’ the low inventory. There is simply too little inventory.
December 18, 2009 at 9:42 PM #495642no_such_reality
Participant[quote=CA renter]Bidding wars are fairly common everywhere from what I’m hearing. It’s happening in San Diego, Orange County, L.A. County, Las Vegas, Phoenix, etc., etc.
[/quote]It’ the low inventory. There is simply too little inventory.
December 18, 2009 at 9:42 PM #495488no_such_reality
Participant[quote=CA renter]Bidding wars are fairly common everywhere from what I’m hearing. It’s happening in San Diego, Orange County, L.A. County, Las Vegas, Phoenix, etc., etc.
[/quote]It’ the low inventory. There is simply too little inventory.
December 18, 2009 at 9:42 PM #496355no_such_reality
Participant[quote=CA renter]Bidding wars are fairly common everywhere from what I’m hearing. It’s happening in San Diego, Orange County, L.A. County, Las Vegas, Phoenix, etc., etc.
[/quote]It’ the low inventory. There is simply too little inventory.
December 19, 2009 at 9:11 AM #496390sdrealtor
ParticipantCAR
You could very well be right. I’m just providing information on what i see in the more transparent MLS portion of the market.December 19, 2009 at 9:11 AM #496149sdrealtor
ParticipantCAR
You could very well be right. I’m just providing information on what i see in the more transparent MLS portion of the market.December 19, 2009 at 9:11 AM #496062sdrealtor
ParticipantCAR
You could very well be right. I’m just providing information on what i see in the more transparent MLS portion of the market.December 19, 2009 at 9:11 AM #495677sdrealtor
ParticipantCAR
You could very well be right. I’m just providing information on what i see in the more transparent MLS portion of the market. -
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