This comment was left yesterday regaring why price statistics aren’t going up:
With prices on distressed sales so much lower on a $/sf basis could they be masking gradually rising prices in the Non SS&REO sales?
Are different segments of the market going up in price? Let’s check the prime area of NSDCC (Del Mar, Solana Beach, RSF and Carmel Valley) during the selling season, April 1 – July 31:
Number of Sales/Average Cost-per-SF
| Different Segments | 2010 | 2011 | 2012 |
| All | |||
| Non-SS&REOs | |||
| SS & REOs | |||
| 2500-3500sf** | |||
| One-Story |
** Detached homes between 2,500sf and 3,500sf built since 1999
Judging by these samples, last year had some pricing momentum, and this year had the stronger sales counts. There must have been more sellers who were sharper on price in 2012.
Is it too late in the cycle to get a smokn deal on a house?
Looks like interest rates will be low for years. I wonder if seniors are hurting on those fixed incomes cause they cant find any yield?
I hope they dont try and make up returns with stocks like FB.