Monthly Archives: February 2012
Palos Verdes Estates Homes
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Lunada Bay Homes for Sale
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Palos Verdes Real Estate Trends vs Western US and the “cost” of rising sales
Existing Homes Sales Rise, but at a costExisting-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors®. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3 percent to a seasonally adjusted annual rate of 4.57 million in January from a downwardly revised 4.38 million-unit pace in December and are 0.7 percent above a spike to 4.54 million in January 2011. Lawrence Yun, NAR chief economist, said strong gains in contract activity in recent months show buyers are responding to very favorable market conditions. “The uptrend in home sales is in line with all of the underlying fundamentals – pent-up household formation, record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents.” To read the full story, go here: http://www.realtor.org/press_room/news_releases/2012/02/ehs_jan What the story underplays however is that there was a cost to the rise in home sales and before you conclude I’m just a “Negative Nancy”, there may just be a silver lining to all of this. The cost is clear as evidenced by these charts. Home sales rose because prices have been dropping and as a result of lower prices, demand increased. Economists call this “elasticity of demand” and it appears that the real estate market is highly elastic as small changes in prices caused huge changes in demand. The National Association of Realtors reported that while prices are down in the “West” about 1.8%, home sales rose 8.8% You’ve heard me often say that real estate is all local and you would be right to say “so what” to what’s happening on a national or even regional basis. Keep reading below to see the charts on price and home sale volume for the South Bay. Meanwhile, thank you for reading your latest newsletter and when you come across someone looking to buy or sell real estate here in Palos Verdes or around the South Bay, take out your cell phone and text or call me! At Your Service, George Fotion
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Palos Verdes Homes Absorption Trends
As always, no one can claim any clarity with a “crystal ball”. That being said, I found this article interesting and may give some clue as to what is happening nationally with real estate. Of course one of the oldest real estate sayings other than “Location, location, location” is that “All real estate is local” … meaning, it really doesn’t matter too much what is happening nationally, it’s all about what is happening on the local level. For example, real estate in the last 3 or 4 years has behaved much differently for Palos Verdes homes than it has for Riverside homes. “The 2012 outlook is improving modestly from a disappointing 2011. Economic growth picked up in the fourth quarter of 2011 to 2.8 percent and is expected to come in at 2.3 percent for 2012, up from 1.6 percent growth for all of last year, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group…” To read more, go here http://www.fanniemae.com/portal/about-us/media/financial-news/2012/5650.html For more information on Palos Verdes homes and Palos Verdes real estate, you’re welcome to visit my website at http://www.homeispalosverdes.com |
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Palos Verdes Estates homes in Lower Lunada Bay with Sport Court, Pool and large Flat Yard
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I am committed to making sure you get the best customer service. Whether you choose to buy or sell real estate today, tomorrow, next week or 10 years from now, it doesn’t matter. You should feel confident and comfortable to count on me as your real estate resource for life. I promise you I will stay on the cutting edge of technology and service to make sure you have the information you need to be a more powerful real estate owner, buyer and or seller so that you get what you want, in the time you want it. Here is just one one of the many free services I offer. |
Palos Verdes Foreclosure Report for February 2012
Palos Verdes Foreclosure Report2-15-2012 Do you know what the latest trends are? Are foreclosures up or down? What are the banks doing? What are investors doing? How do you find foreclosure opportunities? Are bank owned homes a good deal anymore? If they’re not, where are the deals and how do you find them? Click on the image below to learn more. |
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Rancho Palos Verdes Bank Owned Homes
ARE YOU A REAL ESTATE AGENT USING THE INFORMATION ON THIS SITE FOR YOUR CUSTOMERS? HERE’S A CONCEPT – GO AND INVEST YOUR OWN MONEY AND TIME TO PROVIDE THIS SERVICE INSTEAD OF “STEALING” MY WORK PRODUCT. WHAT A CONCEPT! Do you want REAL TIME access to Palos Verdes foreclosures (both listed and not listed?) …. Sign up here Scroll down to view the current Palos Verdes bank owned homes
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For more information on homes for sale in Palos Verdes, Palos Verdes real estate, palos verdes homes for sale, palos verdes foreclosures, palos verdes real estate market information as well as quality information on homes for sale in Rancho Palos Verdes, Palos Verdes Estates homes for sale, Manhattan Beach real estate, Hermosa Beach real estate, Redondo Beach real estate, Torrance real estate, Palos Verdes real estate trends, and real estate trends throughout the Beach Cities, Palos Verdes Estates and the South Bay, visit www.homeispalosverdes.com JOIN ME ON FACEBOOK and follow me on Twitter! DRE LIC # 785373 Palos Verdes Bank Owned Homes updated in real time based. You can be assured that when a foreclosure auction takes on a Palos Verdes home, and the property reverts back to the bank, I will update this site that very day! |
Palos Verdes Homes
Palos Verdes Estates BuyersWhere are they coming from? Many of my clients ask me, and rightly so, “George, where are the Buyers coming from these days?” Before you take a look at the facts below, ask yourself, have you ever seen accountable verifiable information like this before? And when it comes time to sell your home, can you imagine how many sales opportunities you would lose for your home unless you put your home in the hands of a real estate broker that knew HOW and WHERE to find the right Buyer for your home. It comes down to this … you can either hire a Broker that blindly throws darts hoping they will chance on a buyer for your home OR you can hire a Broker, like me, that knows how to target Buyers that will want to own your home. Without the experience of a broker that knows how to manipulate the internet search engines, you’re floundering around just hoping for a good result. It’s time you plan for targeting a GREAT result when you sell your Palos Verdes home! Wouldn’t you want 526 prospective Buyers competing for your home? For a free no obligation market evaluation and proposal, contact me today. 424.226.2147 Visitor Locations (526 total)
DRE #785373 |