Here’s what it looks like today. Active listings, “Contingent Show” ( Meaning they will take backup offers), Contingent/ No Show, and Pending sales by price tier. This is for “Greater Sebastopol” which includes a large part of Western Sonoma County. $100K-$500K price tier 4 Active listings 9 “Contingent Show” 5 Contingent/No Show 3 Pending $500K-$750K [...]
As noted in past posts (see Small condos lead the way in a slow-motion market and an earlier post linked from there) the condo market that was clobbered by the real estate downturn was showing signs of a recovery early this year. The study is based on the Montierra condos in Hayward that were converted from [...]
Alameda has had property prices increase BIG-TIME this year. That’s old news. But this link may be of interest to those who are buying or are trying to buy at this time. Here’s a line from the Wall Street Journal article, dated May 1: Even with the gains in home prices, housing is more affordable [...]
Here’s an update the history of home prices in Broken down by home price tiers. I’m pretty surprised that there wasn’t a bigger increase in the first quarter of 2013. I guess most of the bidding wars have been more recent and the numbers will jump in Q2. Danville Home Price Tiers Here is the [...]
It won’t show in the data yet because the “pendings” haven’t closed. Many are closing for 100K or more over their asking prices, pushing the market price of properties in Lafayette, Moraga, and Orinda up above the previous 2006-2007 peaks. Lamorinda home prices are officially at all-time highs. Some examples… Orinda: Ivy Drive Area 231 [...]
Housing inventory in the San Francisco Area is up seasonally in March, but is still less than half of March 2012. The Department of Numbers has some very interesting charts and data… As of March 11 2013 there were about 6,299 single family and condo homes listed for sale in San Francisco California. The median [...]
Lately, a lot of people are telling me that they are nervous buying a home now because they are worrying that home prices could be peaking right now and they don’t want to buy at the top. Relax. Home prices obviously won’t rally like this forever, but the rally isn’t ending in 2012. In fact, [...]