Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
1. Sacramento, CA
2. San Jose, CA
3. Charlotte, NC
4. Boise, ID
5. Seattle, WA
6. Phoenix, AZ
7. Harrisburg, PA
8. Oxnard, CA
9. Denver, CO
10. Riverside, CA
11. Columbus, OH
12. Bridgeport, CT (Washington DC Market 17.5%)
13. Fresno, CA
14. Los Angeles, CA
15. Las Vegas, NV
16. El Paso, TX
17. North Port, FL
18. San Diego, CA
19. Palm Bay, FL
20. Tampa, FL
21. Orlando, FL
22. Dallas, TX
23. Kansas City, MO
24. Hartford, CT
25. Jacksonville, FL
Interesting what they consider a market" or "metro area". The DC metro area market is at 17.5% YOY difference in sales which would tie it at 12th with Bridgeport, CT. If NOVA were counted as a market (which it quasi is) it would be around 25% YOY sales increase at least.
California is really on fire as far as home sales and price increases.
Orange County just became the 9th California county to surpass $1 million median home price($1,025,000) and sales are up 30% year-over-year. San Diego just hit $800,000 and sales are up 18%, and so on. These numbers are amazing.
From the standpoint of buyers, this market is quite challenging.
Yeah, I'm in Irvine, which I would describe as above average and not volatile. Meaning we're not gonna swing as high as a lot of places but I don't think we're as vulnerable to dips. I hesitated at the thought of buying last year, now I wish I bought sooner. And unlike a lot of the south, we just can't go crazy building. our land is not flat, and there's only so far out you want to go, despite the IE booming.
Governor Newsom promised 3.5 million new housing units when he was running for office, but has since diverted most of his attention to Covid, which I understand, but housing really is our #1 issue IMO.
Yeah, I'm in Irvine, which I would describe as above average and not volatile. Meaning we're not gonna swing as high as a lot of places but I don't think we're as vulnerable to dips. I hesitated at the thought of buying last year, now I wish I bought sooner. And unlike a lot of the south, we just can't go crazy building. our land is not flat, and there's only so far out you want to go, despite the IE booming.
Yeah, last year I was sure the market would take a steep decline due to covid and people supposedly leaving and what should be a growing inventory, but boy was I wrong and I've never been this wrong.
The complete opposite happened. Sales soared, people arent really leaving as much as reports said, and inventory is smaller than ever. Plus we have investment buyers and foreign buyers really injecting themselves into the market more than ever before in California-that bodes very poorly for buyers.
I still think a correction is coming, but I dont know for sure when.
Interesting what they consider a market" or "metro area". The DC metro area market is at 17.5% YOY difference in sales which would tie it at 12th with Bridgeport, CT. If NOVA were counted as a market (which it quasi is) it would be around 25% YOY sales increase at least.
25% YOY isn't a big deal this year. Just about any resort town has seen that or better. My townhouse condo at a Vermont ski resort is under contract. I didn't even have to list it. We bought at Beaver Creek. Same thing there.
Location: That star on your map in the middle of the East Coast, DMV
8,128 posts, read 7,558,075 times
Reputation: 5785
Quote:
Originally Posted by GeoffD
25% YOY isn't a big deal this year. Just about any resort town has seen that or better. My townhouse condo at a Vermont ski resort is under contract. I didn't even have to list it. We bought at Beaver Creek. Same thing there.
That would be the entire NOVA market combined, not just some tiny portion of it. Falls Church City, VA for example saw 65% YOY growth as an example. Arlington saw around 37% and Alexandria 33%.
My parent recently put a bid out on a home .. townhome.. with 55 offers. 55 OFFERS. On a 230ksh Townhome... Zillow says it sold 28k more than asking price.. thats 12% Higher than list price!
I think my family has looked in the Hartford, Boston, Raleigh, Greensboro, Charlotte, DC, Providence, Manchester NH, Atlantic City-Ocean City, Chicago and Bluffton/Hilton Head markets. They are ALL impossible.
Rising house prices are great for the sellers but not so much for buyers.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
