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June 29, 2010 at 8:50 PM #574601June 29, 2010 at 9:39 PM #573619AnonymousGuest
We’re seeing that here in our North County neighborhood (Santaluz). We had one go pending at just under $6M yesterday and a neighbor to that home which was smaller closed at $4.6M the end of last month. These homes were both spectacular but had been sitting for a very long time… There is definitely a surge.
June 29, 2010 at 9:39 PM #573715AnonymousGuestWe’re seeing that here in our North County neighborhood (Santaluz). We had one go pending at just under $6M yesterday and a neighbor to that home which was smaller closed at $4.6M the end of last month. These homes were both spectacular but had been sitting for a very long time… There is definitely a surge.
June 29, 2010 at 9:39 PM #574237AnonymousGuestWe’re seeing that here in our North County neighborhood (Santaluz). We had one go pending at just under $6M yesterday and a neighbor to that home which was smaller closed at $4.6M the end of last month. These homes were both spectacular but had been sitting for a very long time… There is definitely a surge.
June 29, 2010 at 9:39 PM #574344AnonymousGuestWe’re seeing that here in our North County neighborhood (Santaluz). We had one go pending at just under $6M yesterday and a neighbor to that home which was smaller closed at $4.6M the end of last month. These homes were both spectacular but had been sitting for a very long time… There is definitely a surge.
June 29, 2010 at 9:39 PM #574641AnonymousGuestWe’re seeing that here in our North County neighborhood (Santaluz). We had one go pending at just under $6M yesterday and a neighbor to that home which was smaller closed at $4.6M the end of last month. These homes were both spectacular but had been sitting for a very long time… There is definitely a surge.
June 29, 2010 at 9:59 PM #573629zkParticipant[quote=sdrealtor] It is looking pretty hot around her for the good one that are priced at market.[/quote]
You’re forgetting one important fact, here, sdr. I just bought a house. Prices are going to dive. Like an F-104 after a flameout. Trust me.
June 29, 2010 at 9:59 PM #573725zkParticipant[quote=sdrealtor] It is looking pretty hot around her for the good one that are priced at market.[/quote]
You’re forgetting one important fact, here, sdr. I just bought a house. Prices are going to dive. Like an F-104 after a flameout. Trust me.
June 29, 2010 at 9:59 PM #574247zkParticipant[quote=sdrealtor] It is looking pretty hot around her for the good one that are priced at market.[/quote]
You’re forgetting one important fact, here, sdr. I just bought a house. Prices are going to dive. Like an F-104 after a flameout. Trust me.
June 29, 2010 at 9:59 PM #574354zkParticipant[quote=sdrealtor] It is looking pretty hot around her for the good one that are priced at market.[/quote]
You’re forgetting one important fact, here, sdr. I just bought a house. Prices are going to dive. Like an F-104 after a flameout. Trust me.
June 29, 2010 at 9:59 PM #574651zkParticipant[quote=sdrealtor] It is looking pretty hot around her for the good one that are priced at market.[/quote]
You’re forgetting one important fact, here, sdr. I just bought a house. Prices are going to dive. Like an F-104 after a flameout. Trust me.
June 29, 2010 at 11:37 PM #573659CA renterParticipantSorry to disappoint you, sdr, but I agree with your observations and have seen the same thing. You’ll get no argument from me. π
Perhaps the very rich are looking to get out of fiat currencies (again?), or prices in some areas have fallen from ~$1.3MM to ~$900K or some similar drops, and they are selling (seen a few of these).
And then there are those interest rates… If there are two things I’ve noticed while watching the RE market over the years, it’s this: the best time to sell a house (in general) is February-April, and the best time to buy (in general) is November-January. The second trend is that whenever rates take a steep plunge, sales skyrocket. I think sales will surge for awhile — look at the 10-year Treasury!!!
June 29, 2010 at 11:37 PM #573755CA renterParticipantSorry to disappoint you, sdr, but I agree with your observations and have seen the same thing. You’ll get no argument from me. π
Perhaps the very rich are looking to get out of fiat currencies (again?), or prices in some areas have fallen from ~$1.3MM to ~$900K or some similar drops, and they are selling (seen a few of these).
And then there are those interest rates… If there are two things I’ve noticed while watching the RE market over the years, it’s this: the best time to sell a house (in general) is February-April, and the best time to buy (in general) is November-January. The second trend is that whenever rates take a steep plunge, sales skyrocket. I think sales will surge for awhile — look at the 10-year Treasury!!!
June 29, 2010 at 11:37 PM #574277CA renterParticipantSorry to disappoint you, sdr, but I agree with your observations and have seen the same thing. You’ll get no argument from me. π
Perhaps the very rich are looking to get out of fiat currencies (again?), or prices in some areas have fallen from ~$1.3MM to ~$900K or some similar drops, and they are selling (seen a few of these).
And then there are those interest rates… If there are two things I’ve noticed while watching the RE market over the years, it’s this: the best time to sell a house (in general) is February-April, and the best time to buy (in general) is November-January. The second trend is that whenever rates take a steep plunge, sales skyrocket. I think sales will surge for awhile — look at the 10-year Treasury!!!
June 29, 2010 at 11:37 PM #574384CA renterParticipantSorry to disappoint you, sdr, but I agree with your observations and have seen the same thing. You’ll get no argument from me. π
Perhaps the very rich are looking to get out of fiat currencies (again?), or prices in some areas have fallen from ~$1.3MM to ~$900K or some similar drops, and they are selling (seen a few of these).
And then there are those interest rates… If there are two things I’ve noticed while watching the RE market over the years, it’s this: the best time to sell a house (in general) is February-April, and the best time to buy (in general) is November-January. The second trend is that whenever rates take a steep plunge, sales skyrocket. I think sales will surge for awhile — look at the 10-year Treasury!!!
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