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raptorduck
ParticipantSDRealtor. Thanks!
ParticipantCould you post the web site that lists these bank owned homes in Santa Luz?
ParticipantCould you post the web site that lists these bank owned homes in Santa Luz?
Participantjustme. Ok, bad choice of headline. My bad. I brought up LA and LAH because those were the markets I was looking in before I decided to start looking at RSF and are the only markets I am keeping close tabs on now. I was surprised with the LA number, hence why my headling had a “?.”
I am not claiming anything. I have no idea where the market is going although I do share the sentitments of folks here that it is probably going further south; except of course my current neighborhood in San Jose. The market there is going up, way up, by leaps and bounds, buy while you can and make sure to offer way above asking.
Participantjustme. Ok, bad choice of headline. My bad. I brought up LA and LAH because those were the markets I was looking in before I decided to start looking at RSF and are the only markets I am keeping close tabs on now. I was surprised with the LA number, hence why my headling had a “?.”
I am not claiming anything. I have no idea where the market is going although I do share the sentitments of folks here that it is probably going further south; except of course my current neighborhood in San Jose. The market there is going up, way up, by leaps and bounds, buy while you can and make sure to offer way above asking.
Participantjustme. I am not a realtor or troll. Since I am in buying mode and plan to rent out my current house, I am hoping the market keeps dropping.
I took the stats right out of the MLS report for September. And as SD Realtor will tell you, under 6 months inventory is generally consdidered a seller’s market.
BTW. The 105% # is for Los Altos. Los Altos Hills was 95% in September.
Participantjustme. I am not a realtor or troll. Since I am in buying mode and plan to rent out my current house, I am hoping the market keeps dropping.
I took the stats right out of the MLS report for September. And as SD Realtor will tell you, under 6 months inventory is generally consdidered a seller’s market.
BTW. The 105% # is for Los Altos. Los Altos Hills was 95% in September.
ParticipantSecond call to all you Cielo residents.
ParticipantSecond call to all you Cielo residents.
ParticipantSecond call to FBR residents.
ParticipantSecond call to FBR residents.
Participantrockemsock: I agree with you. I don’t know where the market is going to go up here, I just reported the info for the towns I was looking in. In the two markets I mentioned actually, the under $1.5 million market has remained pretty hot because there are not many houses in that price range and folks wanting to buy an entry level house in those markets to get into the school system pounce on them. In the over $2M market in those areas, there has been consistant slow down until last month. But I still think that higher end market is softer than the under $1.5M market.
When we were looking up here, we saw a house in the nicest part of Los Altos that had an asking of $1.3M. It was not what we were looking for, but we wanted to put in an offer as an investment or flip because the price was unheard of in that area (it was a very small house, on a small lot, but along a golf course). It had just listed a few days earlier and we were told to get an offer in by 2pm that day. We could not, but it had 10 offers and sold for well above asking.
Indeed, the really expensive homes ($10M +) stay on the market forever no matter what and tend to be immune to a downturn.
stockstradr. We are neighbors, at least until I move to RSF. Did you see that house for sale on Dry Creek Road for $3.5 million? Also kind of RSF like. Expensive for this “less prestigious” part of the bay area. The other house I was referring to that was very large, is in Cupertino.
Participantrockemsock: I agree with you. I don’t know where the market is going to go up here, I just reported the info for the towns I was looking in. In the two markets I mentioned actually, the under $1.5 million market has remained pretty hot because there are not many houses in that price range and folks wanting to buy an entry level house in those markets to get into the school system pounce on them. In the over $2M market in those areas, there has been consistant slow down until last month. But I still think that higher end market is softer than the under $1.5M market.
When we were looking up here, we saw a house in the nicest part of Los Altos that had an asking of $1.3M. It was not what we were looking for, but we wanted to put in an offer as an investment or flip because the price was unheard of in that area (it was a very small house, on a small lot, but along a golf course). It had just listed a few days earlier and we were told to get an offer in by 2pm that day. We could not, but it had 10 offers and sold for well above asking.
Indeed, the really expensive homes ($10M +) stay on the market forever no matter what and tend to be immune to a downturn.
stockstradr. We are neighbors, at least until I move to RSF. Did you see that house for sale on Dry Creek Road for $3.5 million? Also kind of RSF like. Expensive for this “less prestigious” part of the bay area. The other house I was referring to that was very large, is in Cupertino.
ParticipantJWM. I posted the info thinking folks here may find it interesting to compare to other markets.
AlexAngel. I have toured 45 homes or so in RSF in the last few months and used to live in CV so I think I can compare them pretty good.
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