It's Friday desk clearing time for this blogger. "'Buyers are using things like inspection negotiations…
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From the first 3 minute video:
Steiner Ranch Housing Report – March 2023 | Austin Texas Real Estate
Craig Smyser
Mar 14, 2023
The market drifted down a bit further last month.
In February, 11 resale homes closed in Steiner Ranch which was up 10% from February 2022. Of course, last year, the inventory was much lower and the market was very different than today. The median price in February decreased 15% to $730,000. The average price of a home decreased 12% to $931,864. The average price per square foot decreased by 11% to $291.30. With such a small data set let’s look at the six month comparison to get a better picture of the market. The number of resale homes sold during the past six months is 72, down 23% from this same time frame the year prior. The median price of a home has decreased 2.9% to $773,500. The average price decreased by 1.7% to $888,576. The average price per square foot increased 1.5% to $289.96. Even looking at six months, the number of homes sold is small so the pricing data can get skewed. Based upon what I’m seeing in the market, I’d estimate the median price in Steiner is now around $800,000 or slightly lower so the 6-month number I just quoted is pretty close.
The number of available resale homes at the end of February was 20, up 150% from last February. While the number is definitely higher than last year, it still isn’t a lot of homes. For buyers looking in Steiner right now, there are not many choices within any given price range. The number of new homes put on the market in February was 16, the same number as last February. Across Steiner, the February sales ranged from a low of $510,000 to a high of $2,630,000. The average sales price to list price ratio was 98.4% and for homes that closed in February, the average days on market was 55 up from 16 last February.
Last month, I wondered if we were nearing the bottom of the market. The data from February shows that there is still some downside left. Over the past few weeks, mortgage rates have increased about a half percent so the momentum we had has slowed again – and the rate increase was not reflected in the February numbers. While sellers are certainly still signing contracts, the number of buyers out and about isn’t growing as fast as I would like.
The second 18 minute video:
Massive New Construction Price Crash | Who Made Our List?
Home in Dallas Texas
Mar 14, 2023
Looking for NEW CONSTRUCTION in Dallas? We found the cities with the BIGGEST price crashes AND we found the top three neighborhoods within those cities with even BIGGER price crashes! We didn’t stop there either. We went to each of those cities and did VLOG TOURS so you could see exactly where these amazing deals are! Which ones made our list? Where are the best new construction deals in all of Dallas? You’ll have to watch to find out!
The third 10:39 video:
Homes are Less Affordable Than Ever, Private Lenders Watch Out, 2023 Canadian Real Estate Market
Jon Flynn Broker of Record, Flynn Real Estate Inc.
Mar 14, 2023
High Interest Rates have made mortgage payments in Canada higher than ever. I compare payments now to the Feb. peak last year. Early data shows bank sales are rising and it’s not the big banks leading the way. I also take a look at statistics from the Nova Scotia and Winnipeg housing markets, along with St. Catharines and Cambridge.
The fourth 19:38 video;
Tremendous Pressure On Toronto Real Estate Right Now – Mar 8
Team Sessa Real Estate
Mar 14, 2023 CANADA
Toronto Real Estate Market Report for the week of Mar 2 – Mar 8, 2023.
Bellingham Police Chief Rebecca Mertzig said her department has responded to 87 overdose calls this year. That compares to 70 overdose calls in all of 2022.
Council members argued that it wasn’t so much they were against the proposal, it was that they did not see an adequate plan to deal with people after they were arrested. Currently, police can not even tell drug users that what they are doing is illegal.
I wonder if the fentanylpocaplypse is meant to cull the ranks of the homeless, with other victims being acceptable collateral damage.
Meanwhile, be very judicious of where you stay if you travel. Avoid AirBnB’s as a previous “guest” may have hosted a party that left the lodging contaminated with meth or fentanyl.
From the first 3 minute video:
Steiner Ranch Housing Report – March 2023 | Austin Texas Real Estate
Craig Smyser
Mar 14, 2023
The market drifted down a bit further last month.
In February, 11 resale homes closed in Steiner Ranch which was up 10% from February 2022. Of course, last year, the inventory was much lower and the market was very different than today. The median price in February decreased 15% to $730,000. The average price of a home decreased 12% to $931,864. The average price per square foot decreased by 11% to $291.30. With such a small data set let’s look at the six month comparison to get a better picture of the market. The number of resale homes sold during the past six months is 72, down 23% from this same time frame the year prior. The median price of a home has decreased 2.9% to $773,500. The average price decreased by 1.7% to $888,576. The average price per square foot increased 1.5% to $289.96. Even looking at six months, the number of homes sold is small so the pricing data can get skewed. Based upon what I’m seeing in the market, I’d estimate the median price in Steiner is now around $800,000 or slightly lower so the 6-month number I just quoted is pretty close.
The number of available resale homes at the end of February was 20, up 150% from last February. While the number is definitely higher than last year, it still isn’t a lot of homes. For buyers looking in Steiner right now, there are not many choices within any given price range. The number of new homes put on the market in February was 16, the same number as last February. Across Steiner, the February sales ranged from a low of $510,000 to a high of $2,630,000. The average sales price to list price ratio was 98.4% and for homes that closed in February, the average days on market was 55 up from 16 last February.
Last month, I wondered if we were nearing the bottom of the market. The data from February shows that there is still some downside left. Over the past few weeks, mortgage rates have increased about a half percent so the momentum we had has slowed again – and the rate increase was not reflected in the February numbers. While sellers are certainly still signing contracts, the number of buyers out and about isn’t growing as fast as I would like.
The second 18 minute video:
Massive New Construction Price Crash | Who Made Our List?
Home in Dallas Texas
Mar 14, 2023
Looking for NEW CONSTRUCTION in Dallas? We found the cities with the BIGGEST price crashes AND we found the top three neighborhoods within those cities with even BIGGER price crashes! We didn’t stop there either. We went to each of those cities and did VLOG TOURS so you could see exactly where these amazing deals are! Which ones made our list? Where are the best new construction deals in all of Dallas? You’ll have to watch to find out!
The third 10:39 video:
Homes are Less Affordable Than Ever, Private Lenders Watch Out, 2023 Canadian Real Estate Market
Jon Flynn Broker of Record, Flynn Real Estate Inc.
Mar 14, 2023
High Interest Rates have made mortgage payments in Canada higher than ever. I compare payments now to the Feb. peak last year. Early data shows bank sales are rising and it’s not the big banks leading the way. I also take a look at statistics from the Nova Scotia and Winnipeg housing markets, along with St. Catharines and Cambridge.
The fourth 19:38 video;
Tremendous Pressure On Toronto Real Estate Right Now – Mar 8
Team Sessa Real Estate
Mar 14, 2023 CANADA
Toronto Real Estate Market Report for the week of Mar 2 – Mar 8, 2023.
Bellingham Police Chief Rebecca Mertzig said her department has responded to 87 overdose calls this year. That compares to 70 overdose calls in all of 2022.
Council members argued that it wasn’t so much they were against the proposal, it was that they did not see an adequate plan to deal with people after they were arrested. Currently, police can not even tell drug users that what they are doing is illegal.
https://mynorthwest.com/3857458/bellingham-council-rejects-making-public-drug-use-a-crime/
I wonder if the fentanylpocaplypse is meant to cull the ranks of the homeless, with other victims being acceptable collateral damage.
Meanwhile, be very judicious of where you stay if you travel. Avoid AirBnB’s as a previous “guest” may have hosted a party that left the lodging contaminated with meth or fentanyl.