San Fran in housing correction
- Thread starter eyephone
- Start date
NEW -> Contingent Buyer Assistance Program
Data? We don't wanna evaluate and reach conclusions based on data! We want anecdotes and hyperbole! It's much funner to have an extreme conclusion, one way or the other, based on your observations and feelings.
Yeah, many sellers think it's still 2013/early 2014...the market will teach them and their agents a lesson in due time. Properties that are priced right sell fast in Irvine (there are still a lot of buyers out there, they are just more patient and picky now).
I've a feeling we might see some mild correction in Irvine housing soon too.
With existing home inventory building up, plenty of ongoing new constructions in both Irvine and surrounding cities and several more villages coming online, that's a lot of home need to be sold.
Do we have enough buyer's pool to absorb all these homes?
With existing home inventory building up, plenty of ongoing new constructions in both Irvine and surrounding cities and several more villages coming online, that's a lot of home need to be sold.
Do we have enough buyer's pool to absorb all these homes?
paperboyNC
New member
None of the data in the article support the headline
The median price of a San Francisco home sold in September was $1.189 million, an 11.6 percent increase from a year ago. That is about five times the national median home price. Single-family homes in the most popular neighborhoods are still selling quickly at above asking price
The median price of a San Francisco home sold in September was $1.189 million, an 11.6 percent increase from a year ago. That is about five times the national median home price. Single-family homes in the most popular neighborhoods are still selling quickly at above asking price
Perspective
Well-known member
paperboyNC said:
Data? We don't wanna evaluate and reach conclusions based on data! We want anecdotes and hyperbole! It's much funner to have an extreme conclusion, one way or the other, based on your observations and feelings.
Irvine Dream
New member
Already here or cure of the 4https://www.redfin.com/CA/Irvine/24-Twiggs-92620/home/5958403lnc said:
usctrojancpa
Well-known member
You do realize that's a short sale, right?Irvine Dream said:
pricedoutJay
New member
It's a short sale but they've been trying to sell since Feb 2014. So it might have been regular sale which didn't fetch...
Actually I think I'm seeing higher listing prices in Irvine now while homes are not selling like they used to...
Actually I think I'm seeing higher listing prices in Irvine now while homes are not selling like they used to...
usctrojancpa
Well-known member
pricedoutJay said:
Yeah, many sellers think it's still 2013/early 2014...the market will teach them and their agents a lesson in due time. Properties that are priced right sell fast in Irvine (there are still a lot of buyers out there, they are just more patient and picky now).