New Listings Promise Robust Prices
As of February 10, new listings tracked by Altos Research have ticked upwards for five consecutive weeks, suggesting the spring home buyer season will bring the strongest prices the nation has seen since the tax credit briefly stimulated demand two years ago.

At the end of January, most metro markets saw stable pricing and several are ticking up, as inventory dropped for the beginning of the year. Stable pricing in January, when prices can be expected to seasonally drop, points to a bullish start in the New Year, Altos notes.
At the end of January, the national median home price as measured by the Altos 20-City Composite remained basically unchanged at $354,408 from $354,896 in December 2011. Altos Research uses metrics from active residential property listings.

Looking at the slower-turning 90-day rolling average, four markets saw an increase in price in January. The two markets with the largest increase include, Miami/Fort Lauderdale/Miami Beach and Phoenix/Mesa/Scottsdale, both with an increase of 2.5 percent.
 
In both December 2011 and January, 14 markets experienced a decrease in price. The biggest price decreases were seen in San Jose/Sunnyvale/Santa Clara (-2.6 percent), Cleveland/Elyria/Mentor (-2.5 percent), and San Diego/Carlsbad/San Marcos (-2.4 percent).

Four markets saw an increase in price in January, typically the weakest month for home prices. Broadly the Altos-20 City Composite national view was unchanged from December. The Miami/Fort Lauderdale/Miami Beach market has seen prices trending up. Prices were up 4.8 percent in December 2011 and 2.5 percent in January. The Las Vegas/Paradise market has seen similar movement. Prices have not increased at a rate as fast as in Miami/Fort Lauderdale/Miami Beach, but inventory has decreased significantly. January saw a 14.8 percent decrease from the prior month and between November and December 2011, inventory levels dropped a staggering 27.8 percent.

In January, as to be expected, inventory levels fall across the board. In many markets, tight inventory of quality properties is another contributing factor keeping a floor on home prices this spring.

Mt. Washington|Highland Park|Eagle Rock|Silverlake|Los Feliz|Homes for Sale|Kathleen Goldstein | Properties | Buyers | Sellers | Mortgage Information | All About Me | What's My Home Worth? | Area Info | Buyers Request | Testimonials | Free Real Estate Reports | Sellers Request | Dream Home Finder | Blog with me for all things real estate and neighborhood happenings! | Community Links | School Links | Request Info | Helpful Links | Weather | Home Buying Info | 15 Reasons Why I Should Be Your Real Estate Agent | Additional Real Estate Info | Different Types Of Real Estate Home Loans | For Sale By Owner Real Estate Info | Free E-mail Property Updates | Free Market Update | Free Real Estate Newsletter | General Request | Home Gardening Info | Home Improvement | Home Moving Assistance | How Much Real Estate Can You Afford? | Just For Kids | My Real Estate Link Partners | Real Estate And Mortgage Glossary | Real Estate Mortgage Programs | Real Estate Refinancing Information | Real Estate Tax Info | Selecting Your Next Home | Tourism And Travel | Why Select Me To Help You Sell Real Estate? | Why Select Me To Represent You When Buying Your Next Home? | Real Estate Mortgage Calculators | Real Estate And Consumer Info | Property Search (California RETS - Residential) | Property Search (California RETS - Rental) | Property Search (California RETS - Mobile Home) | Property Search (California RETS - Land/Lot) | Property Search (California RETS - Residential Income) | Property Search (CARETS Sold - Residential) | Property Search (CARETS Sold - Rental) | Property Search (CARETS Sold - Mobile Home) | Property Search (CARETS Sold - Land/Lot) | Property Search (CARETS Sold - Residential Income) | My Listings | Sold Home Gallery | Sold Listings and Leases | Great Mt. Washington View Home | Prior Sold and Leased Portfolio | Specializing in Hillside & Canyon Homes since 1979..It's a Lifestyle! | TEXT | NELA Second Saturday In Eagle Rock | Statistics for Mt Washington 90065 Zip Code | Mt. Washington Profile | Prior Sales | Featured Properties | Search Foreclosures | All About Re/Max | Last Week in the News | New Listings Promise Robust Prices | Kitchens Sell a House | Buying a Home in a Short Sale or Foreclosure Not Always a Bargain | FHA Loans | Spring 2012 Home Sales | View Testimonials | Last Week In the News (2) | Today in the News 3 | Keller Williams Awards | Short Sales Information | Short Sales/Reo Information | SHORTSALE/REO INFORMATION | Last week In The News September | To Remodel Or Not | Home Improvement Apps | Building Green | New Credit Scoring Promises to Qualify more Borrowers | Homes are Selling ... | New Home Sales Price Rise1.5% in March | First Quarter Economic Growth Stronger then... | 3 Tips To Stand Out In A Competitive Housing Market | 3 Tips To Stand Out In A Competitive Housing Market | Unmarried Couples Leap into Homeownership | Unmarried Couples Leap into Homeownership | How Long Will this Housing Shortage Last? | Home Sales Slip but Prices Continue to Roll at Double-Digit Rates | A Boom of New Urban Homes, One Tiny, Trendy Lot at a Time | Los Feliz Neighborhood | Non-GMO Project | Recent Sales | Guestbook
Site Map | E-Mail

Mt. WashingtonEagle RockGlassel Park


Logo
Keller Williams Glendale
889 Americana Way 408 • Glendale, CA 91210
Kathleen Goldstein • Phone: (818)500-8010