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east bay housing data: Glen's East Bay Housing Numbers (through March 2010) - 04/13/10 07:49 AM
I recently posted this on our site MyEastBayAgent.
East Bay Housing Inventory Increasing. For the third month in a row, we've noticed an increase in inventory. While this is normal for this time of year, the increase of nearly 46% is not; especially in comparison to the last 2 years. Last year we saw a drop in inventory over this same period of time of approximately 20%, while the year before was about even.
Although pending sales, (homes that are in contract) are also increasing, they are not keeping pace with the rise in inventory, (new homes coming onto the market). … (0 comments)
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east bay housing data: Glen's Numbers June 30th, 2008 - 07/04/08 10:57 AM
There's 2 things that stand out; 1) we're seeing some improvement and 2) the influence that REO's have had in our markets.
I usually speak about the relationship between actives and pendings as being an indication of markets, just as months supply and median price comparisons give us a clue to better understand real estate on a local basis.
Pendings hit an all time low last fall in most areas. Surprisingly they have rebounded since the beginning of the year to their highest levels since I've been tracking them, (July 2005). Why the rebound?
1) Investors looking for bargains, positive … (0 comments)
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east bay housing data: Another SF Bay Area REO Surprise! - 02/21/08 12:45 PM
As a follow-up to last month's REO surprise, "that one out of every five listings in the SF Bay Area is REO, Bank Owned Properties," we asked ourselves another question.
What is really influencing housing inventory and pricing in the SF Bay Area?
We've always heard that new construction has been the main culprit with overbuilding leading to a glut of houses for sale. All that new housing located along highway 4, Antioch, Brentwood, Pittsburg, Oakley seems to have led the way. After all, those areas are seeing between a 15 to 25% drop from last year's prices. (Median prices compared on … (1 comments)
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Glen Bell
El Cerrito,
CA
More about me…
Better Homes & Gardens, Mason McDuffie
Address: 2095 Rose St, Suite 100, Berkeley, Ca, 94709
Office Phone: (510) 868-1494
Cell Phone: (510) 333-4460
Email Me
Bay Area Jazz Lines, an unusual and informative mix of San Francisco Bay Area Real Estate and Jazz.
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