DQ News reports that a total of 15,945 new and resale homes sold in February 2013. That was down .7 percent from the 16,058 in January, but up 1 percent from the 15,780 sold in February 2012. It’s typica for January and February’s sales to be about the same. Median price was down .3 percent…
DQ News reported solid gains for the first month of 2013 with 16,058 new and resale homes sold in January. This number is down 20.8 percent from December 2012, but up 10.6 percent from a year ago, January 2012. It’s the highest home sales for a January in six years. The median price at $321,000…
CoStar News reports that new apartment construction at four or five times the national average for other types of commercial construction in certain markets will cause vacancies to increase. “Apartment construction has been on a tear in certain markets,” CoStar says. “With the inventory growing at more than four or five times the national rate,…
A total of 20,274 new and resale houses and condos sold in December 2012, which is up 5.1 percent from the 19,285 in November 2012 and up 5.3 percent from the 19,247 sold in December 2011. Sales were still 17.2 percent below the December average of 24,488 so there’s still room to grow. Median price…
According to Data Quick, 19,285 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in November 2012. Sales were down 8.5 percent from November, but up 14.2 percent from November 2011. A decline from October to November is normal and expected. The November average has…
New data show major rebound in both commercial and residential construction led almost entirely by multifamily and single family development. Developers and builders started construction on the highest number of single family homes and apartments since July 2008. Multifamily rose 10% in October 2012 to an annualized rate of 285,000 units. Single family building application…
According to DQ News, home sales in Loa Angeles and Southern California rang in at 17,859, which is a 20.4 percent drop from the 22,438 sales in August 2012 and down 1.6 percent from 18,149 in September 2011. Although it’s normal for a sales drop from August to September, the steep drop this year is…
Single tenant, net leased retail has continued to gain strength as an asset class. With an economy barely growing, one could wonder why is triple net and absolute net retail as strong as it is? Given what else is available as a safe investment, it’s no wonder net leased retail is doing well. Ten year government…
Retail Traffic Magazine projects that Boston, Houston and Los Angeles will experience rent increases for class A retail space during 2013. In the United States, it’s projected that Boston, which has average class-A rents of $85 per sq. ft. to increase to $95 per sq. ft. in the second quarter of 2013. Dallas class A…
According to DQ News, Southern California home sale rose to a six year high for the month of August. A total of 22.438 new and resale homes sold in Southern California. That’s up 9% from July 2012 and up 14.2% from August 2011. Last month’s $309,000 median price was up 1.0 from July and up…
Commercial real estate prices posted major gains in July across all segments to further support the widely held view that we are at the beginning of a broad based recovery. The two broadest measures of property pricing in this month’s CoStar’s Commercial Repeat Sales Indices (CCRSI) shows big gains for both high end investment grade properties…
The recovery is spreading west, which had been a deeply affect region of the country by the residential housing collapsed combined with the deep recession. There has been a few technology and/or energy based markets in California and Texas that have done well over the last couple of years and that strength is broadening to…
According to DQ News Southern California home sale rose for the seventh consecutive month to 20,588 for the month. This was down 6.7 from the 22,075 in June, but up 13.8% from July of 20122. The median price also rose to $306,000 and that’s up from the $300,000 from June and up 8.1% from the…
The multifamily segment of commercial real estate continues to strengthen in spite of new supply coming on line according to Randyl Drummer of CoStart news. Demand still far outstrips demand. For the sixth consecutive quarter, the National Multi Housing Council Quarterly Survey of Apartment markets showed improvements across all four indices. The indices measure supply,…
I’m not saying that we’re quite back to pre crash levels of pricing but we’re getting there. Given the general malaise in the American economy with job growth, GDP growth and most other indicators, it’s surprising that the commercial real estate recovery has been as strong and broad based as it has. It didn’t start…
As prices get stupid for the product of choice – the triple net or absolute net, S&P BBB or better, single tenant retail, it starts pulling up secondary and tertiary markets and slightly weaker credit single tenant retail. Multi tenant won’t be far behind. We’re now in a broad based recovery that is pulling the…
For May 2012, DQ News reported that 22,192 new and resale homes sold Southern California last month. That was up from April by 15.1% and up 20.6% from the 18,394 sold in May 2011. The median price in the six county Southern County market rose to $295,000 last month. That was up 1.7% from April…
Today, I’m going to take a look at the preferred type of product for most of my buyers, and frankly for most buyers on the market these days, and that is triple net or absolute net, single tenant, single parcel, corporate leased retail. We’re talking the Wal-Mart’s, Kohl’s on the large end. Walgreens and CVSs…
For April 2012, DQ News reported that 19,284 new and resale homes sold Southern California last month. That was down from March by 3.4% and up 5.1% from the 18,344 sold in April 2011. April’s median price was $290,000 for southern California, which is up 3.6% from $280,000 in March, and also up 3.6% from…
Given that election time is but six months away, I’m hearing a bunch of ‘what if’ discussion from clients, friends and other commercial brokers regarding potential tax ramifications with the Bowles – Simpson Plan, the Ryan Plan and the Buffet Rule and the ramifications if you choose not to do a 1031 exchange. I don’t…