S. California Real Estate Updates

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Provider: RealEstate.com, REALTORS
Feed Type: Residential

 

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The truth, the whole truth and nothing but the truth...
There's an old saying that goes something like, "There's lies...damn lies...and statictics!"  That pretty much sums up my  blog post on real estate market stats....thanks for reading.  In actuality there is some measure of truth to real estate stats.  The fun starts with where the stats are sourced and how they are broken down. Many agents use the local Multiple Listing Service (MLS) to source their stats.  Not a bad place to get data as it is usually local, current, and detailed.  But it's also based on what the agents input in to the system...so it can be, "Garbage in garbage out."  In other words, it's only as good as the agent putting it in.  Were they detailed?  Did they leave important info like if the seller made concessions out?  Is the sales price accurate?  The market time?  Were there price reductions along the way so we know what the list to sale price ratio really is?  You know, stuff like that. The most important aspect to consider is, "Just where are these properties located?"  Keep in mind that when you read an article on local real estate, the data is not always local.  It may be county or even state-wide information.  To get an accurate look at your local market, start by analyzing your specific zip code.  Remember, nearly every city has multiple zip codes, so even if you are looking at market data in your city, it may not really reflect your zip code or even your neighborhood.  This is where a top-notch REALTOR can come in handy as they know where to pull that exact data.  *HINT* It's not always available on Zillow! Which brings me to my next point.  Just because it's on the Internet that doesn't make it true!  I know the web is a great place to do research and kick the tires on real estate data.  But depending on the source, you could be in for a big surprise.  Many web sites are days or even weeks behind.  And real estate stats change daily, if not hourly.  If I come to talk to you about selling your house and I leave a Market Analysis behind, the minute I walk out that door it could be outdated!  Things change quickly and one sale could affect the value of your entire neighborhood.  That being said there are some good online resources you can use to get a glimpse of what is happening.  I have what I have found to be the best right here on my blog.  You can also go here  for details on every area in S. California. Lastly I will let you in on a little secret.  One that is the ultimate measuring stick of how well your market is doing.  Do what I do everyday as I am driving around my neighborhood.  Pay attention to how many "For Sale" signs are posted...and how many of them say, "SOLD"!  That is the true measure of what is happening in your neighborhood.  If you have very few signs, then not much is happening.  If you have lots of signs but none say sold, then your area has not yet corrected.  If you see lots of signs that say sold, then things are moving and you should go introduce yourself to your new neighbors.  If a move is in your future, ask who their REALTOR was and get that agents perspective on your area.
06/02/2010 07:02 PM

San Diego Monthly Real Estate Mixer...
Consider this an invitation to join us the 2nd Wednesday of each month at Bing Crosby's in Mission Valley.  This is a great group of real estate industry pros and we want to make this the "Go To" industry meeting.  You can visit my Facebook Event page for more info. http://www.facebook.com/C21AwardInteractive?ref=sgm#!/event.php?eid=345437352246&index=1
02/22/2010 11:07 AM

It's good to feel welcomed...
  So I'm a month into the new gig and I must say I am so pleased with this decision.  Even though I have had a knack for making smart choices about my career, there is always a bit of trepidation when a new journey starts...sort of like that first day of school.  You lay out all your clothes the night before, shine up those shoes, get a haircut and shave, and maybe have some hesitation on the way out the door.  And then you realize, "Hey I've been here before" and get on with the business at hand.   Speaking of business at hand, what a tremendous project I have become a part of!  Over the past few years I have been the main driver and while I certainly had great support and assistance, ultimately I made the decisions.  More recently I was basically alone at the wheel and forgot how wonderful it is to be part a team and work in a more unified environment.  Not having to solve the worlds problem...at least in my little world...has freed me up to see a bigger picture that had gotten blurry over the past six months.   A big reason for this is the fact that I have been welcomed and made to feel like a valuable part of a great company.  The energy and vibe has rekindled a spark that gets me up and ready for the challenges of the day.  Even my wife Kathy mentioned how much my aura has changed since early January.  Heck, I even enjoyed the rains we had and hope for more!  One thing I do notice is it's not so much the name on the door, but the people behind that name.  The people that are pulling toward the goal of making sure everyone of our customers has a great experience.  After all that's what it's all about...GREAT EXPERIENCES!
01/30/2010 01:58 PM

What I learned at Inman Connect NYC...
After attending Inman in San Francisco in August, I was not quite sure what to expect in the way of "new content" at Inman NYC.  I learned very quickly that six months is a lifetime when it comes to technology in real estate...New start ups being launched, the RPR discussion, the idea of "real time real estate" and of course how mobile will affect us in the coming year were all topics of great debate in NYC.  If I learned anything...on multiple levels...it was that real estate is populated with tremendously bright people who have ideas that just two or three years ago seemed destined to fail.  Now they thrive.  Here's my take on what transpired in NYC. MOBILE We all know how much mobility has grown and that if you do not have a smart phone you are probably not really in the game.  Mobile applications for iPhone and Blackberry, and now the Android operating system, are proliferating at an amazing rate.  Real estate applications from Redfin, Realtor.com, Zillow, Better Homes & Gardens, etc, have created new ways to access listing data, see values, get details on comminties, and most importantly changed how and when customers communicate with us.  From the agent side, having the ability to work/play/live anywhere, anytime will be a game changer for those that captialize on the technology. RPR...Realtors Property Resource The National Associations play into the datasphere has been widely publicized.  The idea is to create a single source property database that Realtors can access.  This strategy, while on the surface seems quite right, has become the debate of the industry.  Detractors say our intellecutaul property is being used without our permission and we should be compensated.  MLS's fear NAR will now be competing with them and offering Realtors better/cheaper products and services.  NAR's stance is they will sign non-compete agreements so MLS's have nothing to fear.  And there is the idea of a national MLS being tossed around.  All in all a lively debate and one that I'm sure will continue throughout 2010...so stay tuned! REAL TIME REALTY This is the idea that intiques me the most.  Why?  Well simply put it gives brokers and agents that embrace mobile the opportunity to really differenciate themselves from the competition.  It's not only real time realty...it's real time communication.  The ability for a customer to access things like sold data, values, open house schedules, and be able to schedule showings or see agent rankings, will have a tremendous effect on how we work with clients.  The communication part...the ability to connect in real time no matter where the customer originates...and our ability to have the requested information at our fingertips no matter where we are...will set us apart. The best part of Inman Connect is the opportunity to see innovation at it's best.  Ideas are born here, partnerships are formed, companies are launched, and friendships are developed.  That is the heart and soul of this conference...to Connect.  I want to thank those I connected with...Brian, Marc and Joel from 1000 Watt Consulting.  Ashfaq Munshi from Terabitz.  And of course my broker David Romero and our Orange County VP and GM, Martha Burgoon, from Century 21 Award.  It was a great week and I look forward to seeing you all in San Francisco!
01/24/2010 12:47 PM

Change is in the air...
Just when you least expect it...change is in the air.  After spending the past 4 months of 2009 focussed on finishing strong and hitting goals, I was forced to make a tough decision.  As a previous post mentioned, change is going to happen and what matters most is how we anticipate and react to it. That said, I am delighted to announce that effective January 4th, 2010, I will be the Director of Interactive Business Development for the #1 Century 21 franchise in the world, Century 21 Award.  With 15 offices in S. California, Century 21 Award is an outstanding company with a history of providing superior customer service to it's clients and more than 1000 real estate agents. In this position I will be responsible for building a new division that brings all of the company lead generation activities under one umbrella.  With a focus on relocation and Internet lead generation, this division will be home to an elite group of hand-picked agents with one goal in mind...service our customers at the highest level possible while helping them to achieve their real estate goals.  That means we need agents with advanced levels of experience in technology, negotiations, contracts and service.  If that describes you then I encourage you to contact me to discuss opportunities with Century 21 Award. Here's to an exciting new year in real estate and Let's Win in 2010!
01/03/2010 01:21 PM

Attending the NAR Convention? If so don't miss our NAR Mixer...
Spend the day at the National Association of REALTORS Convention in San Diego and then come join us at one of San Diego's best hangouts...Tivoli Bar! This will be a casual mixer with lots of great people that are involved in real estate. Network, share stories, and enjoy a full no-host bar and food menu. Please RSVP and feel free to invite all of your friends! THX to Brian Brady for co-promoting.  This is shaping up to be THE PARTY of NAR! We are working on sponsors and door prizes so if anyone wants to contribute please let me know! We are going to pack this place and have a great time. For more info visit the link below and join our FaceBook page!  See you all next Friday! http://www.facebook.com/RealEstate.comCalifornia#/event.php?eid=168713273788&ref=mf
11/06/2009 09:34 AM

Attending the NAR Convention? If so don't miss our NAR Mixer...
Spend the day at the National Association of REALTORS Convention in San Diego and then come join us at one of San Diego's best hangouts...Tivoli Bar! This will be a casual mixer with lots of great people that are involved in real estate. Network, share stories, and enjoy a full no-host bar and food menu. Please RSVP and feel free to invite all of your friends! THX to Brian Brady for co-promoting.  This is shaping up to be THE PARTY of NAR! We are working on sponsors and door prizes so if anyone wants to contribute please let me know! We are going to pack this place and have a great time. For more info visit the link below and join our FaceBook page!  See you all next Friday! http://www.facebook.com/RealEstate.comCalifornia#/event.php?eid=168713273788&ref=mf
11/06/2009 09:32 AM