The sales and pricing resurgence is finally being reflected in the stats. Here are the preliminary NSDCC detached-home numbers for November: Year # of Sales Avg. $/sf 2009 193 $415/sf 2010 183 $394/sf 2011 176 $373/sf 2012 221 $414/sf The 11% year-over-year increase...
Year: 2012
The Big G
Prices are coming back, and miraculously you might have another chance. That's right, the price you whiffed at last time is coming your way again - this time be ready, and hit it out of the park. You're not going to get greedy again, are you? Unfortunately, for most...
Wild, Wild West
This week's examples of the hysteria in the marketplace: Richard, I wanted to let you know before it hit the mls that the sellers accepted another offer on Talca. Your offer did get there on time and was presented. I have 16 offers in hand right now and have not...
Guts and Some Glory
More video of higher-end tract homes being flipped in Carlsbad:
Open Bidding/Transparency Live!
Welcome! My friends at Business Insider publicized the open bidding event today: http://www.businessinsider.com/southern-california-home-auction-2012-11 We listed this 1,541 sf house on November 2nd for $399,000, based on these model-match sales: $360,000 - July, 2012...
Container Condo
The first U.S. multi-family condo built of used shipping containers is slated to break ground in Detroit early next year. Strong, durable and portable, shipping containers stack easily and link together like Legos. About 25 million of these 20-by-40 feet multicolored...
More Optimism
During a roundtable discussion with Bloomberg’s Mark Crumpton, housing market analysts, chief executive officer David Stevens of the Mortgage Bankers Association, CEO Jerry Howard of the National Association of Home Builders, CEO Michael Feder of Radar Logic and...
Flood of New Listings?
What could slow down rising prices? It depends on the inventory. We've been seeing a late-season surge in sales over the last couple of months, but has that caused more sellers to jump in? Nope, new listings have remained throttled. Here is how this year's combined...
New on SM Hilltop
Everybody is pushing it. Not only are these guys selling new 3,700sf houses with ocean views in the low-$900,000s in SEH, bnt the seller of the contiguous parcel (that this builder hopes to purchase) has raised his price too!
Calp, Spain
The extremely steep plot of land offers such spectacular sea views that it invites one to spend time, relax and do nothing. A piece is incrusted into the sloping land, maintaining its natural profile which is overshadowed by the house on top....