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Beverly Hills Real Estate blog Tuesday 3-03-09
 

The Beverly Hills Real Estate blog www.patandmelody.com
 Tuesday and a storm is heading our way.  Rain coming in the next 24 hours, that is; if the forecasters are correct.  Rain is good for the Southland.  Cooler today as the storm approaches from the north.  Yesterday we were talking to a friend in San Francisco where it was pouring!
 Our real estate business continues to plug along despite the negative news slant.  We're grateful for that.  One of the reasons why we're doing well is we participate in a coaching program that affords us quality insight into today' market.  Yesterday's coaching e-mail included this reminder:
 Here is reality. These are the most recent sales numbers for the Westside real estate market. I am sure the sales numbers for your market are not too different.Feb 2007: Ave median sales price $1,060,000 - 335 closingsFeb 2008: Ave median sales price $1,100,000 - 225 closingsFeb 2009:  Ave median sales price $ 904,000 - 155 closingsWhat this means.....If you are doing the same thing you did 2 years ago....... your business is going to be down approximately 70%.
 Pretty harsh but truthful news.  This information is a useful tool in directing us to take ... more

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