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Market Trends All Locations : Nationwide Real Estate Advice

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  • Home Buying264K
  • Home Selling45K
  • Market Conditions26K

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Tue May 7, 2013
Patricia Candito answered:
Good Morning,
I have been negotiting sales in Naples for 30 years & I can tell you ALL sellers are different. The ONLY way to find out what their bottom line is, is for you to make an offer. However, that being said, please ask a Realtor to give you a market ananlysis on the neighborhood & home & get you as much information as possible on the reason the home is on the market. If you go in with a "lowball Insulting" offer, the seller most likely will not respond. You want to start at a fair offer to engage the seller to communicate with you so you can find out his bottom line. Please let me know if I can be of any help by e mailing me at pfcandito@johnrwood.com or calling me at 239-290-5236. Have a great day ... more
0 votes 20 answers Share Flag
Thu Nov 6, 2014
Jessica Evans answered:
Hello, I would be happy to assist. Is there anything in particular you are looking to find in a buyers agent? Different Realtors have different business styles, I would be happy to answer any questions you might have to determine if I would be a good fit. Feel free to send me a message or give me a call. ... more
0 votes 19 answers Share Flag
Sat Sep 28, 2013
Leili Mortaz answered:
Are u buying cash or with a loan!? You can read about the latest Foreclosure Trends in Los Gatos and our experience in flipping REOs in Los Gatos in our blog:

http://davidmortaz.com/2013/05/16/more-foreclosures-coming-l…

Median Home prices in Los Gatos are now ABOVE $1M and there is tons very well funded investors looking for flip deals in Silicon Valley. We had to adopt a poison pill to discourage Wholesalers who are in the market to tie up a property and then flip it to another buyer with a double escrow!!

So you need to do your home work and be ready to move very fast.
... more
0 votes 3 answers Share Flag
Sat Feb 21, 2015
John Edmunds answered:
Rents are still low compared to 2007-08, but the are slowly recovering. As sales prices increase on homes in the valley you will see rental rate rise as well. There are thousands of rentals on the market but if repaired, rehabed, and managed right you should be able to rent the home in a very short period of time, 30 days or less. Of course market rent depends on what area of town and how well the home compares to other homes for rent. Demand is good in all areas new or old. John Edmunds, Realty One Group 702-373-9229 ... more
0 votes 3 answers Share Flag
Sun Jun 23, 2013
marc jablon, new harbor realty answered:
According to prognosticators in our industry, the next downturn is not due until around 2020. As real estate agents, we tend to follow the trends, rather than predict them.

During the past year, we've watched housing prices in the area make gains from 9% to 27%. Prices increases of homes in Miami are close to the top of those numbers.

Home prices in Miami, as well as in most of the hot markets around the nation, are likely to increase with inflation, even if the market cools down a bit. However, unless more inventory comes into the market to meet the demand for homes, prices are likely to remain high based on the limited supply.

Typically, a six month supply of Miami homes equals equilibrium in the market. Right now, supplies stand at 4 months or fewer. In addition, large numbers of investors from all over the world feel that the United States is a safe haven for their cash.

Real estate, at the moment, is providing higher rates of return than just about anything else. Also, real estate is an investment that most people can easily comprehend.

So, for the moment, the Miami housing market is likely to remain hot, and prices do not appear to be headed down anytime in the near future.

Marc Jablon, The Jablon Team
RE/MAX Complete Solutions
JablonTeam@gmail.com
561-213-6139
http://www.JablonTeam.com

To find prices of currently available homes in Miami, go to:
... more
0 votes 10 answers Share Flag
Tue Apr 9, 2013
Sean Dougherty answered:
Lydia,

You're making yourself crazy here. Please go ahead and hire an Appraiser to appraise your home. this is the best way for you to get an accurate value for your home, without guessing about value. ... more
0 votes 3 answers Share Flag
Fri Aug 16, 2013
The Medford Team answered:
Overbidding is everywhere in the current Bay Area:

2 posts to read:

Current Bay Area Market NOT A Bubble: Top 5 Buyer Recommendations
http://bit.ly/1460Yzt

Tough Year Ahead: Top 10 Issues Facing Bay Area Buyers
http://bit.ly/W6J2zc

Like many Alameda County Realtors, I spend time almost every day writing offers. Each offer represents a client’s hopes, dreams and aspirations and, in many cases, their frustrations as offer after offer meets with rejection. While it’s true that we ARE getting offers accepted, when you have one property and thirty hopefuls, at the end of the day, only one gets the keys. The remaining twenty-nine go off to the succeeding round of open houses hoping to get lucky the next go-round. While some buyers may fade away in defeat, others join in the dance bringing new energy and hope to the melee.

While house after house comes on the market only to disappear just a few days later, one constant remains: multiple offers. It’s been so long since we’ve experienced a “normal market in the Bay Area – either we have a down market with multiple houses and one offer … or today’s red-hot market with one house receiving multiple offers. The trick is to figure out what type of market you are currently in and leverage that market to your advantage.

Since we’re currently in a seller’s market and multiple offers are a given, it’s important to understand the existing market metrics. In a recent meeting with Central County agents, Carole Rodoni,* President of Bamboo Consulting, outlined the following guidelines:

List Price Price per offer submitted
$200,000-$400,000: increase of $2,500-$5,000 for every offer including yours
$400,000-$800,000: increase of $7,500-$10,000 for every offer including yours
$800,000-$2,000,000: increase of $12,000-$15,000 for every offer including yours
$2,000,000 and above: increase of $20,000-$25,000 for every offer including yours

While it’s obvious that there are no absolutes here – every home receiving offers is different based on condition, amenities, location and a number of other factors – these formulas at least provide a framework with which to begin. The fundamental key is determining whether or not any give property’s list price is realistic – if it’s low, you have to adjust upwards; high, you tweak it down. Another key is trying to get feedback from the listing agent as to how many offers are either already in hand or anticipated.

Thinking of simply writing an offer at list price? Your chances in the current market closely resemble those of a snowball in a very hot place … it may look pretty for a few seconds, but will quickly disappear in a burst of steam.

*Carole Rodoni was formerly President of Fox and Carskadon Real Estate, Chief Operating Officer of Cornish and Carey Real Estate, and President of Alain Pinel Realtors.
... more
0 votes 9 answers Share Flag
Tue Apr 9, 2013
Robert A Whitfield Broker answered:
That depends on a number of things, like:

1. Who is doing the house hunting - a buyer working on their own (very slow) - or a buyer who is working with an experienced agent/broker..faster but can vary dramatically from agent to agent
2. What type of loan is being used - GA Dream loans and the like can take 45+ days to close - so you need to count backwards and allow a cushion
3. Has the buyer done the necesary homework to determine exactly where they want to live and why..
4. Does the buyer have a good idea of what type home they wil get for a certain price on the areas they wish to target - $400K goes a lot farther in Woodstock than it does in Vininigs or Buckhead
5. Are they buying a SF home or condo - if condo, (to do it right - and you know what you are doing) can take extra time to comfirm all the important info about the HOA and buiding issues that can impact buyers.

I like to start house hunting at least 45 days before the cleint wants to be in a home to go through the entire homefinding process and close. I have done the whole process in as little as two weeks from entering into a Brokerage Agreement to represent a buyer, but I am extremely fast when it comes to identifying ideal homes for clients, and in those cases my clients loans were already approved and we were able to get an appraisal quickly.


Robert Whitfield
Broker/Owner
Professional Buyers Broker
New Home Construction Expert
ICC Code Certified Building Inspector
Advantage Realtors
678-585-9691
RobertWhitfield.com
TheHomeBuyersRep.com
Corporate Relocations | New Construction | Luxury & Investment Properties
... more
0 votes 5 answers Share Flag
Mon Apr 8, 2013
Annette Lawrence answered:
Tom,
As you know real estaate is a local affair.
Each community will have it own unique finger print.
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You can see graphics in my "Market In A Minute' reports on my Trulia blog.
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Your question specificly stated 'CURRENT PRICE TRENDS' not sold price information.
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A pattern I have observed in home priced between 250 and 400 thousand are initially prices 30% above the price for which they will eventually sell. Seller still insists on piling on.
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Estate homes above 600 thousand and below 1 Mill are listed consistant with sold prices.
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Water front, especially big waterview homes. are listed at +30% and receiveing multiple bids.
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All segments in select communites, in general are showing upward trending in all pre-indicator categories.
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If you have a more specific question, the data may be more actionable.

Best of success to you,
Annette Lawrence, Broker/Assoicate
Remax Relatec Group
Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
... more
0 votes 3 answers Share Flag
Wed Jul 31, 2013
Patrick Kernan answered:
It's all good. Northlake Woodlands homes are older than those in Pecan Valley and Gibbs Station. Lots are larger in NLW.

Where you should buy is a matter of budget and personal preference. Can't go wrong any of those places.

Hit me up if you want to see any homes in Coppell. ptkernan@verizon.net

26 yr. resident; 14 yr. agent.
... more
0 votes 12 answers Share Flag
Sun Apr 7, 2013
mesutter answered:
Look at the market trends graph at the bottom of the listing. It appears that while West Street prices have been flat for the last year, the zip code area 33139 and all of Miami Beach are up, after a mid-2012 slump. ... more
0 votes 1 answer Share Flag
Sat Apr 6, 2013
Lisa Chamberlain answered:
Thu Apr 11, 2013
Alison Hillman answered:
We can take a look at the market trends: http://www.trulia.com/real_estate/Jacksonville-Florida/market-trends/

Hope this helps!
Ali, Community Manager
0 votes 1 answer Share Flag
Thu Apr 11, 2013
Alison Hillman answered:
Check out the market trends here: http://www.trulia.com/real_estate/Jacksonville-Florida/market-trends/

Ali, Community Manager
0 votes 1 answer Share Flag
Thu Apr 11, 2013
Alison Hillman answered:
Hi there-

Take a look at the market trends: http://www.trulia.com/real_estate/Nova-Ohio/market-trends/

Hope this helps,
Ali, Community Manager
0 votes 1 answer Share Flag
Sat May 14, 2016
Bill Szydlowski answered:
Mike and Mary,

I would be happy to recommend one of the brokers I work with. I just got one of my clients approved in less than 20 days for an FHA loan. I am a little curious though. Did your realtor not give you a few to talk to??
Let me know and I will email my list to you.

Bill Szydlowski
813-323-4443
... more
0 votes 24 answers Share Flag
Mon Apr 29, 2013
Alan May answered:
Personally, Martha... I wouldn't hire anyone who "badmouthed" the competition. But that's just me.

Selling real estate is not rocket science... but it's also not something that's formulaic. Meaning there's just no tabulation, or logarithm that we can use to build a price. So it often comes down to the agent's familiarity with the area, their experience (how long have they been doing this, how many homes of your type in your area have they listed), etc...

So it's not uncommon for agents to come up with different valuations... and since commissions are negotiable, each agent/agency decides what they charge, to make sure that the fee covers the expenses for all of the services that they offer.

So you need to do your homework... find out the history, experience, of each of those agents... how many homes did they sell last year, last three years.... what was their list/sell ratio on those homes... what percentage of their business is listings vs. buyers... are they prominent in your area in the type of home you have to offer.... are they a full-time, or part-time agent.

Ask them to explain exactly what services they offer for their fee, and ask them to explain why they charge what they charge. If one agent is charging less, make sure that they're not just deducting that portion from the buyer's agency commission that they're offering on the MLS.

Good luck.
... more
0 votes 11 answers Share Flag
Wed Nov 27, 2013
Laura Coffey answered:
http://www.trulia.com/blog/laura_coffey_abr_qsc/2011/03/10_questions_to_when_interviewing_a_potential_real_estate_agent

Read my BLOG for tips on that and many more things when buying a home. ... more
0 votes 12 answers Share Flag
Thu Apr 11, 2013
Alison Hillman answered:
Check out the market trends here: http://www.trulia.com/real_estate/Coconut_Creek-Florida/market-trends/

Ali, Community Manager
0 votes 1 answer Share Flag
Mon Dec 2, 2013
Walid answered:
This is my personal belief, but no matter where the listing is, if you get the right agent, go get her, a pro, no excuses kind a guy or gal, your in laws will sell the house before they know it. Because, there is two kind of agents: the one who lists your house and the one who actually sells it. So make sure your interview the agent, let him tell you why you should pick him, and usually you can tell wich one will actually sell your house. Again that's my personal opinion. I can't help you at collet vile, tx. But I still can refer you to a great agent. Email me at: walidatcentury21@ gmail.com ... more
0 votes 10 answers Share Flag
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