Extreme Makeover in Newport Beach: 1227 Sussex
As Realtors, we are familiar with shows on HGTV such as Fixer Upper, Flip or Flop and Extreme Makeover. Well, I found our own version of an "extreme makeover" in Newport Beach at 1227 Sussex (see before and after pictures below). The home sold for $1,599,000 on...
Balboa Island: Market Summary and Q1 BIPI (Balboa Island Price Index) Results
Balboa Island real estate is characterized by higher inventory levels (active properties for sale) and by home values that are leveling off or even correcting somewhat. And this seems to be consistent with how many other micro markets in the Newport Beach area are...
Getting More Granular with Your Comparative Market Analysis (CMA)
Traditional CMA's (Comparative Market Analysis) do not always capture the essence of the real estate market dynamics for a particular neighborhood or market area. That's why I like to "drill down" when I analyze a particular market. See the link below for an example...
Neighborhood Price Indices: Balboa Island Price Index (BIPI) ™, One Ford Road Home Price Index, Q4 2018 Results
Home price indices can be an effective visual representation of home price performance for a particular marketplace or neighborhood. They enable you to see where prices have been, where they are today and where they may be headed. Let's look at three indices, the...
Dave’s Top 10 (Economic Factors You Should Be Following) – 2/5/2019
I had the pleasure of presenting "Dave's Top 10" to a group of local Realtors® this morning. The presentation is attached below. The Top 10 Factors are: Home Sales / Housing Demand New Construction Inventory Explaining Stock Market Volatility and Lower Interest...
On the Road with Dave – Literally
To some this post might seem random, however I think it effectively illustrates how consumers are changing their behavior when it comes to real estate, housing and lifestyle choices. If you are not familiar with the RV world and interested in learning more, read on....
Explaining Stock Market Volatility and Lower Interest Rates
The stock market has exhibited a great deal of volatility for most of 2018, especially since the beginning of October when it fell almost 20% to 21,972 on Christmas Eve. And since 12/24, the DOW is up 5% to 24,000. Fears of a slowdown in the economy due to rising...
Home Prices – Still Up but at a Slower Pace (Case-Shiller, CA & OC Latest Results)
At the national, state (CA), county (Orange) and in many neighborhoods, prices have continued to appreciate but at a slower pace. At the national level, the results for the S&P CoreLogicCase-Shiller National Home Price Index released on 10/30/18 showed that home...
Dave’s Top 10 (Economic Factors You Should Be Following) – Q3
I had the pleasure of presenting the Q3 "Dave's Top 10" to a group of local Realtors® this morning. The presentation is attached here. The Q3 Top 10 Factors are: Headline Du Jour Housing Demand Housing Supply Interest Rates Home Values Relative Value Analysis Rent...
On The Road With Dave – Huntington Harbour
Relative Value: The market value of one property when compared to the market value of a similar property. I was exploring Huntington Harbour a few weeks ago, and was struck with what I thought was excellent relative value when compared to similar properties in...
Real Estate Factoids for Your Reading Pleasure
The Real Estate Market is in transition. A few more months of data & activity will give us a better idea as to what the market will look like in 2019. Below are 6 "fact / takeaways" for you to digest and share with your clients. Also, I am working on the Q3...
Newport Beach Projects and Initiatives
The residential real estate market is in what I am calling a transitional period. Many of the economic indicators such as home sales and inventory levels are starting to send different signals. Interest rates continue to trend higher, the supply and demand dynamics...