Market Statistics as of August 24th, 2008
As of now, we have a total of 43,705 single family detached homes on the market. Our total number of residential listings is at 52,542. A total of 1053 properties sold between August 18th and August 24th 2008, which was down from the 1200 that sold the previous week.
The average asking price for this week [...]
Will We Hit 2003 Pricing?
It’s hard to say whether or not our market is continuing to correct. I have updated my Market Statistics page this evening and as you can see from the graph below, we are at 2004 pricing. Draw a line from 2001 to our current average sales price today and you’ll see that we’re [...]
Why You Shouldn’t Wait Until It’s Perfect
Every day I have the opportunity to meet people, to present my ideas, and to be successful. Every day I also have the opportunity to fall victim to what many of us do when we have a vision for something great. We wait for perfection. A perfect website, a perfect presentation, a perfect, a perfect, [...]
Interpreting Statistics: Sold Price vs. Asking Price
Statistics help us know what happened so we might prepare for what could happen based on the patterns we’ve observed. It is very easy to manipulate statistics to show results that will help us gain your trust and confidence. One of the statistics that I’ve been looking at in the Valley is the percentage of [...]
Market Update as of August 18th
As of the beginning of the week we had a total of 54,674 homes for sale, including all residential property types. By the end of the day on Sunday, our levels had dropped 1.6% to 53,767. The average asking price at the beginning of the week was $408,161 which increased less than one [...]
Handy Man Cools Off The Competition
(Note: Please know that I am an experienced DIY guy and have lived my entire life tearing into systems to figure out how they work. I would never suggest that you attempt to repair any of your home’s systems without consulting a professional and must tell you in advance that you may be held liable [...]
Downpayment Assistance is Toast
Friends and Family, I am urging you to consider the demise of down payment assistance programs which will make it very difficult for new home buyers to own. Currently the down payment assistance programs will be eliminated on October 1st, 2008. This means that if you have not made an offer on a home and [...]
Today’s Market is Unique
It’s true!. We haven’t seen opportunities like this in years, and contrary to what the media is saying, this is one of the best real estate markets we have seen in a very long time. Why? Because sellers are desperate to get out of bad financial positions.
When mortgage companies began offering no interest [...]
Lewis Black and Olympic Swimming
Lewis Black has repeatedly made a point about television networks streaming information that’s distracting to the viewer on the bottom of the television screen, which I fully agree with. As a generation X’er, I was around during the days where there were no fancy graphics on the screens and the country was riveted to [...]
Weekly Market Update
As usual, the graphs below, organized by week, outline the activity in the market since the beginning of the year.
Inventory for all of ARMLS stands at 54,114 homes with an average asking price of $411,671. The average sales price over this period was $245,206. The average asking price for properties that sold during [...]

