Just How Local Is The Real Estate Market?

Real estate is local.  That’s what they say anyway… usually it’s the final tag line in an article or interview discussing real estate values and market conditions.  Kind of an afterthought really, yet factually just relevant enough that it needs mention.  The funny thing is, real estate is so local that any broad analysis can

Stayin’ Ain’t An Option

For the past couple months I have been of the contrarian opinion that we don’t have a supply problem but rather a demand problem.  That is, here in the Conejo Valley anyway, we are selling a comparable number of homes to many past Aprils; that supply therefore was historically consistent but demand was unusually high;

Playing With Numbers

In my real estate office, my manager regularly gives us an excel spreadsheet detailing the numbers of sales year to date as well as the inventory. It’s broken down by month, has data at various price ranges and provides the all important historical framework from which to assess our current market.  Like the stock market