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March 2007 - Posts

Unbelievable! 9 homes sell for $1 million today
This had to be a record day for million dollar sales. Nine homes have sold for $1 million or more. The average price of sales today is $456,578. Without those million dollar sales, the average would be $403,129. This month, 68 homes have sold for $1 million Read More...
Is this the end of price increases for this year?
I predicted last month that March would bring lots of new listings onto the market and that prices would stabilize. There's been a net gain of 500 active listings between March 1 - March 28. The average price seems to have hit a plateau around $410,000. Read More...
We're happy...but nervous.
"Good job. Good life. Not much to complain about." "It's just a good atmosphere and everybody is being so nice." "I can't afford to buy anything now, a house or a condo." "I've had customers and clients and Read More...
On the verge of $400,000
If the trend continues, it looks like we'll reach a combined average price of $400,000 this month. Is there any significance to this number? Does it put up psychological barriers for first-time home buyers? Or does it stimulate the market to even Read More...
Contest Winner
I am pleased to announce that we have a winner in the "Guess the Listings" contest. Congratulations to Maggie ZH for her very accurate guess of 3375. She wins a $100 gift certificate to Santorini's Restaurant. The official number of listings Read More...