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east bay real estate: 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 real estate: SF East Bay Housing Statisitics & REO Surprise - 01/18/08 07:17 PM
It seems that every day now, we see more and more properties for sale that are listed as REO (Bank Owned Foreclosures), and/or Short Sales.
Our team, has always run numbers as a means to better understand our markets. We researched the EBRD multiple listings service, following a conversation that we had last night. We were not surprised as to which cities had a higher percentage of REOs.
However, we did not expect the number for the entire San Francisco East Bay area to be this high, 21%. That means that roughly one in five houses that are for sale, are Bank Owned … (1 comments)
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east bay real estate: Glen's Market Data - Months Supply - 07/10/07 08:50 PM
This is a revision from the May Post as an update for what the months supply is doing on a city by city basis for Contra Costa & Alameda Counties.
What is months supply? Basically, months supply is the ratio of inventory to sales. And what it tells us is how many months the stock of homes for sale would last, if sales continued at their current rate.
See how your City's doing.
We currently have a 7.5 month supply of homes in the entire SF Bay Area. How does this compare historically? "A state of equilibrium" is considered 6 months, a point at … (0 comments)
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east bay real estate: East Bay Months Supply by City, May 2007 - 05/15/07 07:10 PM
We currently have a 6.5 month supply of homes in the area. How does this compare historically? "A state of equilibrium" is considered 6 months, a point at which you would have an equal number of sellers and buyers. Considerably less, would be considered a "seller's" market, while anything more than that number would be considered a "buyer's" market. Since 1988, our low in California has been 1.3 months in April of 2004. It was even less than that in the San Francisco Bay Area. Our high was in February of 1991 at 18.8 months. The long run average has been … (0 comments)
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east bay real estate: Glen's East Bay Market Trends - 05/15/07 06:16 PM
We, as real estate agents, have access to the MLS, and are able to extract up to the minute information to give us a better clue as to what's really happening in your neighborhoods.
However, these bits of information that we are able to pull are only snapshots. Tracking these numbers over time gives us the ability to spot trends. These trends may be subject to our interpretation, but they do give us an up to date insight on a market so that we are able to make a more well informed real estate decision
How many homes are for sale in your … (0 comments)
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east bay real estate: El Cerrito Pending & Active Sales - 01/17/07 10:16 PM
I have provided the graph above for those of you trying to make sense of the Housing market in El Cerrito. The graph follows Pending Sales and Active Listings on a week by week basis beginning in July of 2005 through January 14, 2007. (Data has been collected from EBRD MLS).
Actives - are properties currently for sale.
Pending - are currently in escrow.
Following these numbers can sometimes give us an indication of market trends. For example, as in most cities within the greater Bay Area, there has been a trend coming from a very strong "seller's" market in the summer of 2005, and … (0 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
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Bay Area Jazz Lines, an unusual and informative mix of San Francisco Bay Area Real Estate and Jazz.
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