Tag Archives: Existing Home Sales

What’s going on in Brentwood? + An Analysis of East County Market Trends

Click here if you’re looking for the an up to date link to Homes for sale in Brentwood, CA 94513 as of 03.10.2014  An Analysis of Market Trends in East Contra Costa County Critical Market Indices: Days on the Market Sold Price as a % of List Price Median Home Price Price per Square Foot Changes in Inventory Levels or […]

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No, 49% Of Homes Sold In September Were Not To Cash Buyers

RealtyTrac has to have made a mistake when it reported that 49% of all homes sold in September were to cash buyers. Until now, their data and the data from NAR had been roughly in-line. This can’t be right. From RealtyTrac: All-cash purchases nationwide represented 49 percent of all residential sales in September, up from […]

California Home Sales Back To 1988 Levels

With home prices having spiked and inventory so low this summer, California home sales retreated to levels seen in 1988. Larry Roberts breaks down the numbers and analysis: It’s been called “sticker shock,” but perhaps a more apt term would be “price revulsion.” The cost of ownership rose so high so fast that buyers simply […]

Oh What a Difference a Year Makes

Noticed some insane data today from the California Association of Realtors. Bay Area median home prices have skyrocketed in the last year. And much of the gains came in the last month. Check out the median prices of existing single family home sales in Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, […]

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NAR Reports January Existing Home Sales Fall On Low Inventory

A low supply of homes for sale has resulted in existing home sales falling in the West in January, according to NAR. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.4 percent to a seasonally adjusted annual rate of 4.92 million in January from a downwardly revised 4.90 million […]

Bay Area Median Home Price Up 27% In January

Reflecting the tight inventory, high demand, and a changing mix of homes for sale, the median price of a bay area home shot up 27% in January. DataQuick reports: A total of 5,501 new and resale houses and condos were sold in the nine-county Bay Area last month. That was down 28.4 percent from 7,688 […]

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If Prices Follow Volume, What Happens Next?

Typically the prices of goods change following a change in sales volume. When more people buy blue hoodie sweatshirts, there becomes a shortage and prices are squeezed higher. Manufacturers ramp up production. But then the fad is over, sales dry up, and the oversupply of blue hoodie sweatshirts is now on the clearance rack. In […]

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