According to the Los Angeles Times, sales of homes priced $2,000,000 and above are soaring to heights not seen since 2007. In the recent quarter, 14% more houses in this range have sold since the same quarter last year. A total of 1,413 homes have sold over $2,000,000 in the past 3 months in the Southland. Selma Hepp, senior economist for the California Association of Realtors was quoted as saying “It reflects a housing market that is moving at two speeds. Fast for the high end, sluggish for the rest. It’s a completely different story between the two segments of the market. Those who are doing well are doing really well.” See the full story at http://www.latimes.com/business/la-fi-luxury-home-sales-20141124-story.html#page=1...
Learn MoreDAILY REAL ESTATE NEWS | TUESDAY, SEPTEMBER 02, 2014 A slowdown in home price growth and a shift in pricing power from sellers to one that more closely aligns with buyers expectations will “drive an unusual surge in home sales this fall,” predicts analysts at the real estate brokerage Redfin in its latest housing report. “Home buyers who have been willing to wait for better deals are starting to be rewarded for their patience, as sellers drop listing prices to meet buyers’ more value-focused expectations,” Redfin notes in its latest report. The number of homes that sold above list price in July was down nearly 7 percent to 20.1 percent from 26.8 percent a year ago, according to Redfin’s analysis. “Sellers are finally catching on that it’s not a seller’s market anymore,” says Jeremy Cunningham, a Redfin real estate professional in Virginia. Sellers are adjusting their prices, particularly in markets that have seen a large increase in for-sale inventories or big increases in home price appreciation over the past year. According to Redfin, Denver is the metro that has registered the largest percentage of listing price drops. Its median sales price has increased by 15 percent year-over-year compared with an average of 5.5 percent for all metros. On the...
Learn MoreDrawing upon a bachelor´s degree in communications and advertising, Gary Bergevin is renowned for unique and highly successful marketing strategies that complement his considerable real estate experience. Gary knows how to maximize the value of your home. In addition to selling real estate, Gary has successfully “flipped” several homes in the area. This provides an exceptional foundation for helping clients put their homes in the best showing condition possible and maximizing the ultimate sales price. As one of the top producing agents in his office and the area, Gary Bergevin brings a large network of past and present clients, industry colleagues, as well as an enormous database of the movers and shakers in the entertainment world. Quite simply the proven real estate skills of Gary Bergevin is the ideal way to ensure that you receive the most amount of money for your home in the least amount of...
Learn More
Recent Comments