<p>I haven’t started a real estate thread in a few months. I’m wondering what people see out there. I hear thar prices are high and sales are slowing slightly in the North Bay of SF. I hear that people are still buying at a pretty good clip in SF. I did hear that in Oakmont Cal, a retirement community in Santa Rosa sales, have really slowed. Prices have more than doubled in the last 5 years there.</p>
<p>Where I live, inventories are still low.</p>
<p>In SF, inventories are slowly going up, but are still at very low levels.</p>
<p>I don’t live in Las Vegas or Miami, but I see inventories going up at these two cities. </p>
<p>People complain about high prices in SF but when you look at a web site like <a href=“http://www.realtor.com%5B/url%5D”>www.realtor.com</a> and check inventory levels in SF, the number pales in comparison to Las Vegas or Miami.</p>
<p>So, what’s happening out there? Anyone know how Sacramento is doing?</p>
<p>Uh oh, my in-laws live in Oakmont. They are still thrilled with their little 1400 sq. ft. nest egg that in 7 years has gone from 190,000 to 800,000. We were just there two weeks ago and they didn’t mention anything about slowing sales. I’ll have H check on his inheritance. ;)</p>
<p>I’ve noticed in our red hot neighborhood (super schools) in a suburb of Seattle that sold signs are not going up the next day as they were over the past year. It has been taking about 2 - 3 weeks this summer to see the house inspectors and the sold signs show up.</p>
<p>My sister lives in Granite Bay (NE of Sacto). She reported when I saw her two weeks ago that house prices were still rising there.</p>
<p>Can’t imagine, dstark, that you’re too worried. My father-in-law in your neck of the woods has seen his newly purchased condo valued 50% more than he bought it for last year. Properties in his development are selling quickly this summer. Are you still looking for that perfect retirement location to purchase your manse?</p>
<p>Just checking in for the northwestern part of CT…housing is BOOMING. And prices are still rising. Our neighbor just had his house appraised by a professional appraiser (not a real estate agent), and his house has tripled in value in the last 10 years. As the suburban sprawl moves in this direction, our housing values will continue to climb, and our area will become even more desirable because we still have large acreage with our homes (minimum zoning on our street is 2 acres).</p>
<p>Maize&Blue, I’m always worried. I’m not really moving soon, but when I do my next home will be between 1200 -2000 feet and probably on the smaller side.
My folks live in Oakmont and also bought a house 7 years ago. I’m the one who showed them the place. I can’t believe I didn’t buy a place there 7 years ago. I knew Oakmont was way too cheap. I don’t think prices are really going to drop there. It’s just time for a rest. Do your in-laws own a Manzanita?</p>
<p>thumper1, you must live in a beautiful area. How close is your nearest city?</p>
<p>A Sacramento realitor told me that there is still pressure from the Bay Area but that the inventory was growing and that prices were leveling. If level prices scare off enough investors than prices might stay level or possibly lower for a while, but not as long as there are people coming from the Bay Area with a dream of home ownership in their eye.</p>
<p>Mr.B , is inventory growing in Davis? One of my daughter’s best friends just finished her first year at UC Davis and can’t wait to go back . She just loves the place. I’m sure your d will too.</p>
<p>Baltimore/Wash corridor–as far as I can tell, it’s still gung ho, almost beyond believable. But I live on a street that is being gentrified, i.e. 50’s houses being torn down and rebuilt w/million+ homes. We don’t dare put money into our house, because we know what will happen… :(</p>
<p>Our neighborhood is Greater Boston is still going strong. A realtor friend who just got started in the field last year has broken the $3M mark with just six sales. She’s now waiting to handle a $1M house (most expensive so far has been $600K).</p>
<p>dstark: Assuming a Manzanita is one of the floorplans of the 1960’s (?) homes, I have no idea if my in-laws are in one. I suppose we should know since we are helping them pay for it. I really like the Oakmont development from the standpoint that the homes remind me of the kind of rambler (or ranch, depending upon the area) I grew up in. We are empty nesters now and would also like to downsize. Unfortunately, we’d have to spend more for less in the area we’re in now. I’m not ready yet, nor even of age, to consider a 55+ community. :eek: Waiting to see where kids will end up and for our lottery proceeds. Oh, is it true that you have to buy a ticket to be eligible?</p>
<p>Maize&Blue: You could very well live in the same suburb of Seattle as me. Things have stayed quite “hot” where we are, and the schools are about as good as public schools get in this state (though not as good as we found in the northeast). Yes, I do believe you need to purchase a Lotto ticket before you have a chance at winning, though I’ve not tried that method yet to come by college tuition. My oldest starts college later this month though, with two more to follow, so maybe it’s time to start actually buying the occasional ticket? NAH, better to hang on to my dollar.</p>
<p>so where do you eastsiders live?
I have lived in Woodinville- Bellevue & Kirkland but am now in Seattle
Our housing is crazy- but at least I never have to go on the freeway unless I am traveling.</p>
<p>I live in Silver Spring, Maryland, and real estate is still booming. A developer last year bought a two acre lot and started building homes, starting in the 700s, two weeks later they were in the 800s.</p>
<p>My dad, who has spent the last 30 years of his life as a medical technologist, just finished a four week real estate course (a few hours ago, in fact). Now he has to prep for the license exam, and then he’s planning on joining a friends brokerage.</p>
<p>7 minutes (even if the light is red) to a small city (Torrington), 35 minutes (even with traffic) to Hartford, 1 hour to New Haven, 2 1/2 hours to Boston or NYC. I LOVE our location…we have a lake at our corner, quiet private cul de sac street, private beach on the lake, 7 minutes to one shopping plaza, 5 minutes to another (in a small town). 12 minutes from MY work and 45 to DH’s work. Many folks in our area commute to the Hartford area, New Haven area, Waterbury area, Middletown area. Ours is becoming more and more a “bedroom” community for workers in those towns.</p>
<p>Westchester County is still going strong, but I guess it always has. I read that the average price for a single family is hovering around $850,000, with the median at $700,000. A palatial waterfront home in my town just went on the market for $15 million! </p>
<p>Luckily, most places in Westchester are pretty averse to market crashes. Proximity to NYC, best public schools in the nation, locations on LI Sound or the Hudson etc etc. I’ve heard that the San Diego and Boston 'burbs will probably get the biggest blow once the market bursts…</p>
I’m wondering what people see out there. I hear thar prices are high and sales are slowing slightly in the North Bay of SF. I hear that people are still buying at a pretty good clip in SF. I did hear that in Oakmont Cal, a retirement community in Santa Rosa sales, have really slowed. Prices have more than doubled in the last 5 years there.</p>