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housing market: Bidding Wars, Declining Inventory, Rising Rents, Oh My!! - 05/03/12 03:33 PM
Bidding Wars, Declining Inventory, Rising Rents, Oh My!!
A recent article in the Wall Street Journal on bidding wars is just one example of the increasingly positive news seen in the print and on-line media about shifts in the housing market.
Perhaps it’s not positive from the perspective of the buyers engaged in those competitive situations, and who may be losing out on the homes they are trying to buy.
That doesn’t make it bad or unwelcome news.
It’s not necessarily all good news, nor have things changed for the better everywhere, depending on what you … (28 comments)
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housing market: Carlsbad Real Estate - Carlsbad Real Estate Market Report for October 2009 - 11/10/09 12:23 AM
The Carlsbad real estate market continues to shift, and the statistics for October show a number of changes from September 2009. These data do not include any private sales nor manufactured/mobile housing; the numbers are derived from the MLS and are believed to be accurate but are not guaranteed.
READ MORE: Carlsbad Village by the Sea
Media reports speak in general terms, so their information may not represent the reality of our local Carlsbad real estate market. Having data, and knowledge, about the local market conditions benefits you as the buyer or seller so you can make informed purchase and … (5 comments)
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housing market: Financing a Home in Carlsbad and in Nearby San Diego Coastal Communities - Is Cash King? - 07/17/09 04:00 PM
With the more stringent requirements in place for obtaining a mortgage, and for a variety of economic reasons, the manner in which buyers are financing a home in Carlsbad and surrounding communities has shifted. As one example, there are more investors buying properties for cash since prices are more favorable.
VA (no money down) and FHA (only 3.5% downpayment needed) have become increasingly popular ways to finance a home in Carlsbad, especially for first time buyers, and because many other loan products have disappeared. FHA can be a challenge in some condo complexes here because of the ownership percentages which exceed … (6 comments)
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housing market: 10 Buyer Challenges for Today's Market - 06/09/09 10:43 AM
Buying a home has many challenges, whether you are experienced or not in the buying process. Today's market presents more hurdles to jump through, more frustrations, more competition.
Knowing what to expect, and having an awareness of possible issues can help you from becoming too frustrated. And it will assist you in being prepared for the bumps, twists and turns that may lie ahead.
These challenges affect agents as well
INVENTORY- it may be great or very limited, depending on your market, price range, location, and what you are seeking. In some areas it has dropped off because more homes are … (12 comments)
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housing market: The Question Used to Be...How Much Less Will the Sellers' Take?? - 05/28/09 10:49 PM
It seems that the typical question we hear in the "buyer's market"...how much less will the sellers' take (or some variant)...is being replaced. The new questions are:
Will an offer at the asking price be good enough? Should I make an offer over asking? How much over asking should I go? While this is not the commonplace question for your typical sale, it IS for the REOs and the short sales these days. Buyers are competing with 5, 10 and more offers on the typical distress sale (I heard of one with 45 offers just yesterday), and while they don't all … (10 comments)
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housing market: The Buyer's Market: It's Over-Rated - 05/05/09 11:15 AM
The media has been telling us it's a buyer market for some time. The real estate community talks about it too. Everyone seems to believe it.
I think the Buyer's Market is over-rated.
Before you get your britches in a bunch, hear me out.
Saying it's a buyer's market, as a general rule, overlooks those markets, and niches, where this is clearly not the case.
Calling it a buyer's market gives buyers a false sense of security. They think they are always in the driver's seat, calling all the shots, and can get homes for 10%, 20% or more off the … (99 comments)
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housing market: The Real Estate Good News Group: A New ActiveRain Group - 04/17/09 03:14 PM
We are all in need of some good news, and I have been hearing more and more of late.
No, we cannot say the market is normal or has recovered, nor have the short sales and foreclosures disappeared. People are still losing their homes, experiencing problems paying their bills, and losing jobs (a good friend back East just got laid off yesterday). The news is still bad in many areas.
But I am hearing good news from lots of folks out here - fellow agents, inspectors, mortgage officers, attendees at the recent REBar Camp Los Angeles.
I also just posted … (6 comments)
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housing market: A Return to the Seller’s Market of Days Past - 04/14/09 09:58 PM
I am finalizing an offer with some terrific out of town clients - first time buyers - who have been looking for some time. In their price range and area, almost everything for sale is an REO, a short sale or a pre-foreclosure. Many of them are pretty ugly and need a lot of work. Schools are important and must be factored in.
We submitted an above-asking offer on a pre-approved short sale in nice shape (there were 6 offers when I called the agent, all above asking price) and got outbid. We have a pending offer on a short sale … (9 comments)
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housing market: Condos in North San Diego County for under $100,000 - Great News for Buyers - 03/04/09 08:04 PM
In follow-up to my recent post on housing affordability in Carlsbad and nearby communities, and since I often get asked, I though I'd pass along some information on some terrific buys for buyers.
With escalating prices in recent years it has been near impossible in our area to find anything under $100K or even higher (except for manufactured and mobile housing which is typically in seniors communities).
That has now changed, and folks who ask "can I buy something for under $100,000?" will get a resounding YES rather than "are you kidding?"
Granted, these are not view homes near the … (12 comments)
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housing market: San Diego Real Estate Sales up 56% in September...So What!? - 10/21/08 01:59 PM
Dataquick is reporting that the home sales for September 2008 in San Diego climbed a whopping 56% over September 2007. This is great news. Or is it?
They also report that in the Southland (Southern California) sales rose an unprecedented 65% over 1 year ago (the 6 counties in this analysis ALL reported substantial sales increases in September). And home sales were up over August of this year as well.
Here's the full article in case you are interested
Now I am certainly pleased to hear some good news, and this was on the radio this morning...and I suspect we … (9 comments)
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housing market: Carlsbad Market Report - August 2008 - 09/02/08 07:55 PM
The Carlsbad real estate market continues to evolve, and the data for August show a number of changes since July 2008. This does not include any private sales nor manufactured housing; the numbers are derived from the MLS.
Because the media reports speak in general terms, rather than local, the information you hear in the media may not represent the reality of our local market, so having data from a knowledgeable agent about your particular market conditions benefits you as the buyer or seller. The following data are more positive than what is being reported in the media about San … (5 comments)
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housing market: Carlsbad and Nearby Community Average Sales Prices - 08/22/08 04:40 PM
I often have inquiries from out of area or relocation buyers interested in the Carlsbad real estate market, or housing in nearby communities. Many time buyers do not have a good handle on the pricing and, I suspect, are rather surprised when they see what they can buy for the money. Or they are searching on my site and I can tell, given their price range, that they will have difficulty finding what they want in their stated budget.
The following is a summary table of average selling prices and prices per SF, for homes in selected communities for sales … (5 comments)
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housing market: Carlsbad Real Estate - Market Report for May 2008 - 07/26/08 01:16 AM
Here is the market report for May 2008 based on statistics from the MLS.
This does not include any private sales.
In May 2008 there were 130 homes sold in Carlsbad’s 4 zip codes (92008,92009,92010,920110, which represents the largest monthly sales thus far this year...about 4 times what we saw in January.
Here’s the breakdown of activity.
TOTAL HOMES SOLD 130 (Detached 82 Attached 48)
TOTAL Size 966 SF – 5345 SF (Detached 1335 SF – 5345 SF Attached 960 SF – 3000 SF)
TOTAL Price Range $190K - $1.895 M (Detached $274,900 - $1.895 M Attached $190K - $1.65 … (4 comments)
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housing market: Carlsbad Real Estate - Market Report for April 2008 - 05/24/08 01:23 PM
Here’s an update on the Carlsbad real estate market for April 2008 from the MLS (homes sold privately are not include in these data).
Homes for sale – 531 detached, 254 attached (up 14% since January) 138 detached and 61 attached homes came on the market in April (7% less than in March) 230 detached and 163 attached homes sold in the last 6 months Absorption (inventory) is 14 months for detached (an increase of 3 months over March) and 9.3 months for attached homes (a decrease of 1 month since March) Average marketing time was 73 days for attached and … (5 comments)
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housing market: Carlsbad Buyers and Sellers - Have You Checked with Your Psychic Today? - 05/19/08 08:19 PM
Carlsbad buyers and sellers – Wondering if your house will sell? Have you consulted your psychic today?
If not, read on.
Given today’s real estate market and the media maelstrom of bad news, Carlsbad buyers and sellers are understandably concerned about the market. Folks ask questions about the housing market for which there are no definitive answers. Lots of speculation, predictions, and cocktail talk, but no answers. We know real estate is cyclical, but there is no crystal ball (photo courtesy of bb_matt on Flickr), as we often say, although we might all like to have one to help us … (26 comments)
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housing market: Carlsbad Market Report - March 2008 - 04/22/08 08:53 PM
Here are the market data for the Carlsbad real estate market for March 2008 from the MLS (homes sold privately are not include in these data).
Carlsbad Homes for sale – 508 detached, 253 attached (up 11% since January)157 detached and 57 attached homes came on the market in March (10% less than in January)267 detached and 147 attached homes have sold in the last 6 monthsAbsorption (inventory) is 11.4 months for detached (an increase of 2 months since January) and 10.3 months for attached homes (also a 2 month increase)Average marketing time was 84 days for attached and 78 days … (0 comments)
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housing market: Carlsbad Homes - Buyers, The Choices are Yours, and There are Many - 12/21/07 05:09 PM
Carlsbad home buyers have much to be thankful for.
Let's count the ways...
726 homes on the market as of 12/21/07
While the prices here are high compared to other parts of the country, they are, relatively speaking, better than many of the other coastal communities (except for Oceanside to the north).
The inventory has remained fairly stable (less than 8 months worth), and prices have not shifted much this year (see the November Carlsbad Homes Market Report).
Carlsbad has a highly rated school system (do a Google search and you'll find out more) with a number of schools winning awards in California in … (22 comments)
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housing market: Carlsbad Sellers - Don't Be Saboteurs - 08/21/07 10:20 AM
This is for you, Mr. and Mrs. Seller. I hope this does not describe you. But it might.
I see a lot of Carlsbad sellers who are sabotaging their home sales in this market. I think of them as saboteurs, since they are doing things, either intentionally or not, that are making it hard, if not impossible, to sell their homes in a reasonable time frame and for top dollar.
Or they are not doing the things they ought to do that would facilitate a sale.
And they make other comparable homes look like a better value.
So what might these sources of sabotage … (18 comments)
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housing market: Encinitas Real Estate Market Report for July 2007 - 08/17/07 10:42 AM
The following is a summary of market conditions from the MLS for Encinitas for the month of July. Please note that information from private sales and new construction developments not in the MLS is not included here.
Homes for sale - 221 detached, 68 attached (down 1% from June)59 detached and 17 attached homes came on the market in July (6 of these homes or 8% went into escrow in the month they came on the market)205 detached and 91 attached homes have sold in the last 6 monthsAbsorption (inventory) is 6.5 months for detached (a small increase from June) and 4.5 … (2 comments)
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housing market: New Construction in Leucadia - Not for the Faint of Pocket - 06/21/07 09:33 PM
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Jeff Dowler ~ Carlsbad Homes for Sale ~ 760-840-1360
Carlsbad,
CA
More about me…
Solutions Real Estate (CA DRE Lic. # 01490977)
Address: 6005 Hidden Valley Road, Suite 280, Carlsbad, CA, 92011
Office Phone: JUSTMYCELL
Cell Phone: (760) 840-1360
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DISCLAIMER: I must disclaim liability for any damages or losses, direct or indirect, that may result from use of, or reliance on, any information contained in this blog, or for the accuracy of comments or opinions expressed by visitors to my blog. The information contained in the articles is deemed reliable but is not guaranteed, and the opinions expressed in these articles are mine.
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