December 2010

Found 2 blog entries for December 2010.

As much as I like big data sets to illustrate trends, I think anecdotes are just as interesting. That's why I like to see how individual home listings fare over time.

Let's look back at some of the listings discussed in this column in recent weeks and months, and see how they're doing.

PV ocean-view strike-outs

The first group we'll look at is a bit of a disappointment. In late August, I featured three new listings on the Palos Verdes Peninsula, each with ocean views. Each had its charms, and lots of blue to see. However, none has sold yet, nearly four months later.

 

30379 Camino Porvenir in Rancho Palos Verdes (five bedrooms/four baths, 4,150 square feet) was my clear favorite of the three in the column, titled, "Three sea of blue visions from the…

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It happens every year. The kids trick-or-treat. Before you know it we're eating turkey and stuffing, then housing inventory starts to cliff dive.
The fourth quarter of the year, and the holiday season in particular, is slow for real estate sales, so sellers pull their homes off the market in droves. Many pack it in till after the Super Bowl. (That'll be Feb. 6 of next year.) This means that as the shadows get long, a list of "shadow inventory" of unsold homes grows longer at the same time. I've been hearing for weeks about listings that have gone off-market or are about to go off-market "for the holidays," but which are still available to anyone who's interested.

There are also plenty of would-be sellers who have decided to wait until early 2011 to…

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