Forum Replies Created
-
AuthorPosts
-
sdrealtor
ParticipantUpdate time!
Short sales 2,536 up from 2,433 last week! Increases are still steady. When is this going to stop going up?
After last weeks unexpected drop in inventory, the listing machine got reving again. We are at 17,981 up from 17,666 last week. The seasonal forces kicked in and we should be heading up at a quicker pace for the next 4 to 6 weeks. Not sure what caused the drop last week but suspect it was expirations at the end of the month not being relisted over the weekend. Either way, the elevator is going up again.
I think the party on the coast ended Memorial Day weekend. Inventory climbed in my sub market and pendings have continued dropping after May EOM closings instead of recovering. If your house is on the market and a decent offer comes in the door, grab it now while you can. The rush for the exits should start soon. I expect prices to drop about 5% over the next 7 months before we hit a new batch of seasonal demand next January. I will try to get the NCC numbers posted tommorrow as well as updating Carmel Valley later in the week (which is still hanging tough).
Participantparanoid,
You are missing the point made by both surveyor and myself. The point is that while land for large scale developments is running out or gone in many areas, neither of us expect this to save the market in this housing cycle.sdr
Participantparanoid,
You are missing the point made by both surveyor and myself. The point is that while land for large scale developments is running out or gone in many areas, neither of us expect this to save the market in this housing cycle.sdr
ParticipantIts the seasonal inventory surge we typically see this time of year. Not unexpected at all as families looking to move over the Summer throw their home into the mix.
ParticipantIts the seasonal inventory surge we typically see this time of year. Not unexpected at all as families looking to move over the Summer throw their home into the mix.
Participantwell put surveyor
Participantwell put surveyor
ParticipantNot that it’s gonna save this ship but there really isnt much developable land left along the coastal communities for large scale developemnt like we have seen the last 10 years.
ParticipantNot that it’s gonna save this ship but there really isnt much developable land left along the coastal communities for large scale developemnt like we have seen the last 10 years.
ParticipantFor a guy with kids there are better places to live nearby with access to better rated schools, more parks/recreation facilities, more young families as neighbors at the same or lower prices.
ParticipantFor a guy with kids there are better places to live nearby with access to better rated schools, more parks/recreation facilities, more young families as neighbors at the same or lower prices.
ParticipantNicest houses, best views and quietest street.
ParticipantNicest houses, best views and quietest street.
ParticipantA lead generation tool known as Ugly Yellow Signs. Usually tied into an 800 number with caller ID tracking to capture every possible lead.
-
AuthorPosts
