How's real estate market in your area?
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Quote from sunggong:
Why don't you butt out if you are in Aussie land?
LOL. Because your ignorance is so great that its obvious even from here. I can't help but want to save you.
Does anyone know what the real estate market is doing in the Florida Keys/Key West. I know that it has been crazy for a long time. Are prices falling,,down there like the rest of FL?? I would love to move down there. It seems like the perfect place to trade!! Any traders down there???
Thanks
gimper
Ok way over your head.
The 10-20 immigrants only happens in Chinatown and MAYBE Spanish Harlem. Regardless, mexicans and chinese do that everywhere, suburbs and cities.
Not what I meant at all but u would have to live in one of these cities and take notice. I think it slowly becomes who will be the big owners if the inventory that actually has any intrinsic value starts getting dumped.
90 miles north of nyc, near poughkeepsie.
poughkeepsie has a decent chunk of oaxacan or pueblo (likely illegal) immigrants. nice part - they're residing in the area that formerly had lots of drug dealers. so they're cleaning up the neighborhood, quite literally. i'm no fan of illegals, but in this case, it's working out.
anyhow, the market up here is tight. one real estate agent said worst year (for selling) in a LONG time. my barber told me about his wife (who's also an agent), who had a place in hopewell junction. place would have sold for 700k+ last year with no problem - lots o' land, all sorts of fancy amenities, near the major highways and such - and it sold at mid 5s.
places which sell are priced as if they were 1-1.5 years ago.
poughkeepsie has a decent chunk of oaxacan or pueblo (likely illegal) immigrants. nice part - they're residing in the area that formerly had lots of drug dealers. so they're cleaning up the neighborhood, quite literally. i'm no fan of illegals, but in this case, it's working out.
anyhow, the market up here is tight. one real estate agent said worst year (for selling) in a LONG time. my barber told me about his wife (who's also an agent), who had a place in hopewell junction. place would have sold for 700k+ last year with no problem - lots o' land, all sorts of fancy amenities, near the major highways and such - and it sold at mid 5s.
places which sell are priced as if they were 1-1.5 years ago.
Just got back from the realtor's office.
He told me the the stats for my area (Sierra foothills near Sacramento) for July. The month started with 1600 homes for sale. One hundred sold (or at least went into escrow). That would make a 16 month inventory if nothing changed. However 300 new homes were listed, so inventory is still increasing.
His feeling was that there were still buyers, but sellers were unwilling to lower prices, hoping to catch the end of the peak.
He told me the the stats for my area (Sierra foothills near Sacramento) for July. The month started with 1600 homes for sale. One hundred sold (or at least went into escrow). That would make a 16 month inventory if nothing changed. However 300 new homes were listed, so inventory is still increasing.
His feeling was that there were still buyers, but sellers were unwilling to lower prices, hoping to catch the end of the peak.
i just had a realtor out to look at a home i am selling and she told me we have over a 4 year supply of new and used homes on our market.
Where is that?
(A note to past and future repliers - a post like "The market is sh*t here" is meaningless if you don't say where "here" is.)
Bay Area California...
Way out in the burbs I hear is cooling...
But in the hot neighborhoods it has simply gone from days to a few weeks for a sale.
Friend just sold a Rockridge (cool part of Oakland) house. Agent expected it to take 3 weeks. Someone paid cash, over the offer, on the second day and demanded a short close.
I just looked at a 2/1 house in Santa Monica (LA) which should have been a teardown, and it was $1.6 million. I thought it would be around $800,000.
Bottom line is, houses in desirable (short supply) neighborhoods are going up no matter what the world keeps saying.
Way out in the burbs I hear is cooling...
But in the hot neighborhoods it has simply gone from days to a few weeks for a sale.
Friend just sold a Rockridge (cool part of Oakland) house. Agent expected it to take 3 weeks. Someone paid cash, over the offer, on the second day and demanded a short close.
I just looked at a 2/1 house in Santa Monica (LA) which should have been a teardown, and it was $1.6 million. I thought it would be around $800,000.
Bottom line is, houses in desirable (short supply) neighborhoods are going up no matter what the world keeps saying.