“Be fearful when others are greedy. Be greedy when others are fearful.” Warren Buffett Based on a detailed review of the South Bay Real Estate Market, I believe we are coming into a window of buying opportunities that we have not seen in several years. The three key indicators that support my belief include the following: Days on Market have increased nearly 40% from a year prior; Months...
days on market
The real estate market is going through some interesting times this summer. We have low inventory, prices are holding at all time highs, and interest rates are up about 2% from the start of the year. When viewed with my 2021 goggles on, it looks like buyers have gone on vacation this summer. While some may just be on vacation and put their home search on hold, others may have stopped looking...
In this video blog post we discuss the rapid rise in real estate prices and discuss the driving force behind the buyers pushing the...
Market climate - Valmonte There are currently 16 homes on the market, approximately double the amount year-over-year, and near the highest level in the current market cycle The absorption rate is 4.7 months, and nearing the peak of 6.4 months supply in October 2014 Prices on a square foot basis are near record highs ($734/ft) Days on Market for the last quarter are at record lows (41 days)...
The 2017 second quarter numbers are in, and yes, life is still great in Valmonte. For many of you reading this, I assume you currently live in Valmonte, and like I hear from many neighbors, you plan on leaving feet first or "in a pine box" as one neighbor so eloquently put it. So what I'm about to tell you about house prices probably doesn't really matter that much. For the rest of you that are...
We're over halfway through February and Valmonte is slowly waking from a winter slumber. This past week one new listing came on the market.....
Q3 shows market strength with record prices and fewer days to sell a home.
After a gangbusters 2013 where we saw a 21% year-over-year increase in values (based on price/foot), the Valmonte real estate market cooled off a bit in 2014. Values continued to rise