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March 10th, 2010 by Village Properties
<p style=”text-align: center”><a href=”http://www.villagesite.com/blog/wp-content/uploads/2009/09/dri1.jpg” title=”Direct Relief International”><img src=”http://www.villagesite.com/blog/wp-content/uploads/2009/09/dri1.jpg” alt=”Village Properties and Direct Relief International” /></a></p>
Village Properties has always been rooted with a strong emphasis on helping others. Founding such organizations as the The Teachers Fund, Village Properties supports and gives so much to the local SB community. When the earthquake hit Haiti and we saw the devastation and people affected, we felt extremely compelled to extend whatever resources we could to our neighbors in need. Read the rest of this entry »
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March 10th, 2010 by Elaine Abercrombie
My last column discussed how real estate is beginning to recover, although not everywhere yet. Whether you’re buying or selling, you need to be aware of local conditions, and adjust your strategy according to the value of your home. Our low your strategy according to the value of your home. Our low end of the market, under $600,000 has only three months supply of homes to offer and that’s a seller’s market.
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February 22nd, 2010 by Elaine Abercrombie
The signals are out there: home sales are picking up and prices are slowly ascending. However, recovery isn’t obvious everywhere yet. Most markets are still seeing the lower priced homes selling fastest, while mid-range homes are taking longer, and upper-end properties, when priced well for our market, are selling a bit slower. Read the rest of this entry »
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February 22nd, 2010 by Wayne Natale
Week Ending 2-22-2010
New Listings……………7 Sale Pending……..2 Closed…………4
Under $1 mil……….……. 7 ………………..….1 …..…………….4
$1-$2 mil………….……..0 ……………………..0 ……..……………0
$+2mil-$4mil………………0 ………………….. .1 ……………………..0
$+4mil-$8mil……………..0 ……………………0
$+8mil……………..……..0 …………………..0
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January 29th, 2010 by Village Properties
Interesting article in last week’s WSJ.Click here to read more…
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January 25th, 2010 by Elaine Abercrombie
Phew! After four years of declining home sales across the country, the numbers appear to be finally turning back upward, with closed sales and pending contracts at above-normal increases. In particular, first-time buyers helped buoy the market by taking advantage of low prices and interest rates, as well as they $8,000 tax credit offered by the federal government.
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December 14th, 2009 by Jackie Walters
33 pendings for week ending 11/29/09
0-1 million 21
1-2 6
2-4 2
4-8 3
8+ 1
36% over one million - highest percentage since September 2009
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September 30th, 2009 by Village Properties
Village Properties quarterly newsletter is now available.
Click here to read it online!
Tags: buyers, Market, real estate, santa barbara, santa ynez, Sellers
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September 16th, 2009 by Maddox Reese
Nationwide, the average price of both new and existing homes sold in the second quarter fell 1% from the same quarter a year ago, according to the latest government figures.Among the country’s 32 largest metropolitan areas covered in the survey by the Federal Housing Finance Agency, 16 showed price increases and 16 registered declines. Read the rest of this entry »
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September 16th, 2009 by Jenae Johnson
On August 25, 2009, The S&P Case-Shiller Home Price Index indicated the the home sales prices are moderating at a faster rate than expected. On September 1, 2009 the Associated Press reported that the Housing and Manufacturing sectors are showing signs of strength. Home construction, pending home sale and manufacturing are all at their highest levels in 10 to 18 months.Consumer Confidence rebounded in August after a slight decline in July. July Pending Home Sales are at their highest level in 2 years and are rebounding faster than expected. “The overall trend toward stabilization is undeniable at this point,” wrote Mike Larson, real estate analyst at Weiss Research. According to the National Association of Realtors “Pending Home Sales Are on a Record Roll”.According to Forbes.com, Santa Barbara is among the top 10 best cities for a housing recovery.For the 4th straight month in a row, new home sales surged and for the first time in 3 years home prices post quarterly rise.Federal Reserve Chair, Ben Bernanke, has stated that he believes that the worst is over.According to a recent survey by Relocation.com, people are moving for happier reasons.
Tags: Home Price Index, housing recovery, pending homes sales, real estate, sales prices
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