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News and Views from Menifee Valley, California |
by Steve
6/19/2008 08:12:00 AM
Gas prices, which have shot up $1.07 this year, are magnifying demographic trends that show more younger buyers and empty-nest seniors are moving back to urban centers. If gas prices continue their ascent, this could have profound consequences over time on the future development of American cities and suburbs and modes of transportation.Read the full article here...
Labels: Gas-Prices, Property-Values
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by Steve
6/30/2007 04:24:00 PM
HERE IS A TREND ANALYSIS OF PRICE PER SQFT IN THE SUN CITY CORE. PRICE PER SQFT ANALYSIS IS OFTEN USED BY REALTORS IN PRICING PROPERTY. IF THERE WAS ANY DOUBT ABOUT DECLINING VALUES IN SUN CITY THIS SHOULD RESOLVE IT. THE ANALYSIS IS FOR THE PERIOD 5/01/2006 THRU 5/31/2007. AS YOU CAN SEE PRICES ARE DOWN APPROX. $20 PSF IN THE LAST YEAR. THATS $20,000 ON A 1000 SQFT HOUSE. IN THE CORE THERE ARE CURRENTLY (6/14/2007) 123 HOMES FOR SALE. IN MAY THERE WAS 22 SALES WHICH IS .70 SALES PER DAY. IT WOULD TAKE 6 MONTHS TO DISPOSE OF THE STANDING INVENTORY.You can see a graph of his findings on his website...
Labels: Property-Values, Real-Estate, Sun-City
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