Mike’s Real Estate Show

Here’s the amount of houses Senator McCain owns. This is  according to the Los Angeles Times:

a nine-acre property with a main residence and two guest cabins in Sedona, Ariz.;
a separate six-acre parcel also in Sedona;
a 2,100-square-foot condominium in Arlington, Va.;
three condominiums, one of approximately 6,600 square feet, in Phoenix;
two condominiums in Coronado, Calif.; and
one condominium in La Jolla, Calif.

I asked one of my clients, a noted attorney who has been buying real estate since his college days how many homes/houses/invesment units he and his wife own. He missed it by 3!! And he’s a Democrat!!

While Cal and Stanford won opening games that had suspense to them all the way to the end, with no major upsets to hang its hat on like last season, the word blowout was the rule for the teams considered at the top of the College Football World. Read the rest of this entry »

What a nice start to the 2008 NCAA Football Season with Stanford beating Oregon State 36-28.  To bad not more fans showed up, but hard to expect that when the temp is around the triple digit mark. Read the rest of this entry »

I hate to quote real numbers here but in Sonoma County we have the followig:
  

• A median drop of 31% in one year which illustrates just where the action is: 70% of our sales are $500,00 and below.
• 52% of our sales are REO/Short Sales/New Home Sellers–which means over 1/2 of all sellers are NOT going to be moving up anywhere!
• For the REO market they only make up 22% of the entire market in Sonoma County but equal to 40% of all sales last month in July.
• We have a 2.25 month supply of of REO’s–a raging sellers market with properties flying out the door as they are priced to sell. Read the rest of this entry »

Great column as usual. Your paragraph below however is again laced with those generalities I feel the article was trying to dismiss as not being very accurate to the local scene. We have everyone of these absorption rates in our marketplace throughout the price segments. I think we have a raging Seller’s market for REO’s as we have barely over a 2 months supply. However, Short-Sales are out 13.5 months! Overall inventory is approaching a very balanced market at around 6 months. However the quickness of a market is only indicative, in our area, of prices being slashed to move inventory with appreciation still 3 years distant. 50% of all of our sales are by Sellers who will NOT do anything but put their tales between the legs and get out of town or go rent! (REO’s,Short-Sales,New Home Sellers dumping product). Read the rest of this entry »

Joe the sports guy is once again gearing up for our local high school and college football picks and pans!

wanted to give you a heads up about two websites that are dedicated to Youth Sports in Sonoma County.
 
1.  www.ysn365.com This is the new video home for local sports in Sonoma County.   A game of the week is planned at the school season starts, plus some other information including about how to get a Yearbook which is dedicated to the High School Football and Basketball Season.
 
2. www.ncsnbl.com Mainly dedicated to the Sonoma County High School Football scene.   It has schedules, articles, results and a Message Board that you can have the deep debates when it comes to High School Football.
 
Check out these websites.   If you know anyone or would like to help sponsor these Email Joe atTAYLORPOOH@aol.com   (And yes, that’s my “son’s” email!)
 
Thanks
Joe

We had at our recent Santa Rosa Chapter of Realors marketing meeting an interesting presentation of current stats for the Sonoma County real estate market by Coldwell Banker’s Santa Rosa manager, Rick Laws. Rick tracks data for the Press Democrat. He feels the market “bottomed” in March as the trends and data show lower days on the market, shrinking inventory and in some price segments, full blown,”Seller’s Markets”. As one who markets REO properties I see multiple offers on 90% of my listings. We try not to price them at “silly” price points as an big over bidding the Assett Managers tend to dismiss by saying, “It will never appraise!”. But having cash and sitting on the sidelines in this market won’t hurt. I don’t see this changing too much for the next couple of years. We also are prediciting a more “widespread” REO market through all price segments. Read the rest of this entry »

Come buy and visit this stunning, single level home in Proctor Terrace held open today. Priced at $449,500 it will go fast! To view the virtual tour simply go to: www.1925SiestaLane.com . The home is staged and really shines with its newly refinished random plank hardwood flooring, fresh paint, “Great Room” w/freestanding fireplace, 3 bedrooms and 2 baths. Look at the virtual tour so I don’t have to write a “thousand words”!!

  Have you heard those outrageous commercials which state you can buy “Foreclosed, bank owned properies for $20,000, $25,000!!” Guess what? They are factually correct, you won’t find them in our area of California but in Georgia, YES!! Our guest will tell us just where you can purchase these properties, how much in rent you’ll garner and IF they are really that good of a deal in the first darn place! Mr. Bill Friend of Carriage House Properties from Hampton, Georgia is our guest for the whole hour this Sunday,August 17, 9 to 10PST, The Real Estate Show, listen at www.KSRO.com or through this blog!