Livermore Case Study

If homes in the area tend to sell at a reasonable pace, be leery of a home that's been on the market a long time. Also, see if the home has been pulled

Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest

A closer scrutiny of the market was done by pulling three sales of homes closely comparable to the subject in terms of overall quality grade and the size of above grade living area (see County sales grid). The comps were sold in the range of $770,000 to $900,000. The subject is relatively inferior to comp #1 in terms of size of above grade living area and superior to comp #2 in terms of overall quality grade.

Supply and demand play a major role in the value of real estate. The forces behind supply and demand include physical, economic, political, sociological, and location issues. The location of the subject property within St. Johns provides many positives with respect to value. First, the proximity to local highways not only provides for ingress and egress, but gives the subject neighborhood exposure to potential tenants or clients. It provides a quick means of transportation for employees or customers. Second, the location of St. Johns in proximity to Lansing and the rest of Michigan is an advantage. This proximity provides additional workforce, complementary businesses, and suppliers.

As of December 2015 more single family homes entered the marketplace for sale and with sales volumes increasing as these properties appreciate in value. Today’s trend has recovered more than 50% when comparing the previous real estate market peak year prior to

Because of the safe environment, bucolic streets and good schools, home prices are rapidly rising in the area. In just the last year, real estate prices advanced by $72,750. Currently, home buyers can expect to pay a median price of $653,750. While a two-bedroom receives an asking price of $495,000, the median three-bedroom property fetches a sales price of $597,500. Meanwhile, a four-bedroom home receives a sales price of $675,000. In the last

You may be ready to sell your home but here are some things to consider:

If one of the homes you want is in high demand, the seller will look for offers over the asking price, sound financing and few conditions on the sale. In a hot housing market, don’t bank on offering less than the asking price and being able to negotiate back and

In the world of real estate and homeowners’ property value, the one thing that has not changed for determining market price over the past 30 years is the location. There are other factors that homeowner’s should know when it comes time to selling or buying a home. Recent studies report the neighborhood and the home conditions are equally important for deciding to buy.

We chose 8622 Pine Needle Drive as our best valued home because it either beat the market or every other home across the board when looking at the financial metrics we used to evaluate and compare the different properties. It’s asking price of $285,869 is below the estimated market price of $285,902. The property’s 1-yr Market Value Forecast is approximately $314,063 and would be a 9.8% increase in value over the course of just one year. The 1-yr Zip-Code Average Home Value Forecast for 38139 is 6.2%, so this home is actually forecasted to beat an already impressive market projection by 3.2%. In addition, 8622 Pine Needle Drive is valued approximately 23.1% less than the median 38139 home and 20% less per square foot. From the standpoint of

An investment in office space represented a logical choice for River Triangle at a time in which they sought higher returns than what its typical strategy offered. Since the housing collapse largely had not influenced multifamily housing prices in the greater Pittsburgh area, the crux of Delconte and Colme’s strategy, buying and renovating distressed property, would likely suffer. Pittsburgh’s historically average vacancy rates and the absence of any significant oversupply in the city justified this expectation; multifamily home values in Pittsburgh had little reason to appreciate at a torrid pace after having remained fairly stagnant. “If you picture a line of home values, they just kind of keep going up and up whereas if you look at Vegas or Phoenix, you’d see a bubble in there where home values climbed extremely high and they collapsed again and you don’t have that in Pittsburgh,” remarked Svenja Gudell, the director of economic research for Zillow.

Well the change in the market when I brought my new house when we move from Texas. It was different when we live in Texas there were not enough house on the market so I was able to get a good price for my house. When I move to north central

I suggest that you compare at least 2 other resources besides San Jose MLS for pricing comps, and at least the past 6 months, just to be sure you’re in the right neighborhood for pricing. Look at the homes that have sold, not the ones still listed for sale. Closed sales give you an idea of what the buyers are willing to spend to own a home like yours.

CBPRO is a leading real estate company in Virginia, an independent franchisor of the Coldwell banker brand since 2001. CBPRO’s business focuses on residential real estate services such as selling, buying, and leasing houses; has 299 agents in 13 offices. The residential real estate industry is influenced by the ups and downs of the economy. In good times it fuels consumers confidence and spending, and in bad times consumers are cautious and not willing to invest in a house etc. CBPRO had a breaking sale of 2,848 percent in the first three years of services and during the plummet in the economy, sales flattened down to 2.5 percent, as was the case with the industry in general. (Coldwell Banker – Virginia Beach, Page 279). Due to high competition in the residential real estate industry (especially locally), coupled with fluctuating national economic conditions, and narrowly defined target customers, CBPRO faced several distinctive challenges; residential and clients lists were important to CBPRO business and to its competitors, especially the local competitors.

A difficult characteristic to understand about the housing market is how a price is given for a particular house. That price will be designated to that particular house alone. All houses have various pricing, so I can’t always assume that one will cost more or less than any other. The pricing for houses vary based on their characteristics. Each characteristic must be analyzed to determine its contribution or detraction toward the price. I have taken some of these characteristics and modeled the relationship between them and the price of real estate for a specific area.