April 2012

Found 13 blog entries for April 2012.

Sales of high-end homes lifted prices to a six-month high in Southern California in March, as the region's housing market remained in a gradual recovery, a research firm said Tuesday.

There were 19,953 new and existing homes and condos sold in a six-county region, up 2.8 percent from a year earlier, DataQuick said, marking the third-straight annual increase and the seventh in eight months.

The median price was $280,000, down 0.2 percent from the same time last year and matching the highest level since September.

Sales rose sharply from February, reflecting a usual seasonal increase as spring begins.

"The year is young and lots could still change, but the results from the first big sales month of 2012 suggest the market is stuck in

567 Views, 0 Comments

 

Multiple Offers: How to Win, When to Lose

It’s a jungle out there. In California last month, 74% of the offers submitted by Redfin agents on a property met with competition. In Washington DC, 51% of offers faced a bidding war.

The problem is inventory, with the number of homes for sale down 43% in California and 27% nationwide compared to last year, even as the number of new customers contacting Redfin in March is up 108%. The supply of houses for sale is now below six months – the threshold between a buyer’s and a seller’s market — in 13 of the 17 markets we could measure.

And the numbers for the overall market don’t even begin to capture how fierce the competition is for the most sought-after properties: houses between $300,000 – $500,000, and

700 Views, 0 Comments