Home Resale Activity
Get Comparables for Your Property
Small Southern California Builders are Hot
Housing Slump
Famous Homes
Retail Demand to Continue High?
CAP Rate Research
Home Resale Activity
If you ever read the L.A.
Times you may have seen the charts they periodically make that lists the
average price per square foot for each city in Los Angeles County. DQ News publishes this report which has a
whole lot of additional, usable information.
This is a quarterly report and DQ News archives the information so you
can trend the data. I love this report
for checking average home pricing and changes in pricing per city. www.dqnews.com/ZIPLAT.shtm
Here is a sample: In this report alone there over 600 cities
listed in
|
|
|
Single
Family Homes |
Condominiums |
SFR Only |
||||
|
Community
Name |
ZIP Code |
Sales of
Singe Family Homes |
Price
Median SFR ($1,000) |
Price %
Chg from April 2006 |
Sales
Count Condos |
Price
Median Condos ($1,000) |
Price %
Chg from April 2006 |
Median
Home Price/ Sq. Ft |
|
|
||||||||
|
County |
|
4,882 |
$570 |
5.6% |
1,380 |
$445 |
8.6% |
$410 |
|
|
93510 |
10 |
$715 |
7.5% |
n/a |
n/a |
n/a |
$274 |
|
Agoura
Hills |
91301 |
16 |
$989 |
20.6% |
12 |
$430 |
0.4% |
$350 |
|
|
91801 |
9 |
$590 |
-1.7% |
15 |
$443 |
3.0% |
$461 |
|
|
91803 |
13 |
$550 |
10.1% |
1 |
$400 |
0.5% |
$428 |
|
|
91001 |
29 |
$609 |
-6.2% |
n/a |
n/a |
n/a |
$498 |
|
|
91006 |
19 |
$807 |
-1.0% |
8 |
$616 |
-7.4% |
$453 |
|
|
91007 |
17 |
$1,200 |
33.7% |
12 |
$545 |
9.0% |
$422 |
|
Artesia |
90701 |
7 |
$560 |
8.7% |
1 |
$340 |
-28.9% |
$423 |
|
Avalon |
90704 |
1 |
$675 |
n/a |
n/a |
n/a |
n/a |
$1,004 |
|
|
91702 |
29 |
$460 |
-1.8% |
7 |
$410 |
11.2% |
$380 |
|
|
91706 |
29 |
$448 |
4.6% |
4 |
$343 |
5.4% |
$387 |
|
|
90201 |
17 |
$535 |
33.1% |
2 |
$355 |
22.8% |
$501 |
|
|
90706 |
34 |
$525 |
1.3% |
8 |
$405 |
-4.7% |
$403 |
|
|
90210 |
20 |
$2,510 |
50.9% |
6 |
$835 |
n/a |
$749 |
|
|
90211 |
9 |
$1,350 |
-3.6% |
5 |
$865 |
-21.3% |
$748 |
|
|
90212 |
5 |
$1,821 |
n/a |
1 |
$631 |
-34.6% |
$840 |
|
|
91501 |
10 |
$686 |
-19.3% |
11 |
$504 |
5.2% |
$475 |
|
|
91502 |
n/a |
n/a |
n/a |
2 |
$365 |
n/a |
n/a |
|
|
91504 |
17 |
$733 |
8.5% |
11 |
$480 |
-3.0% |
$499 |
|
|
91505 |
29 |
$670 |
5.5% |
3 |
$465 |
24.0% |
$515 |
There are also charts for
DQ News also has home sales
and foreclosure reports for many other counties and cities across the
DataQuick has been around for
many years providing diverse data to real estate professionals.
Get Comparables for Your Property
There are a few sites that
give comparables data. I have listed a
few here. I would like to put together a
more complete list with pros and cons.
If you can help please contact me.
|
Site |
Pros |
Con |
|
|
RESIDENTIAL |
|
|
A lot of data that
HomeSmart reports to be better than Zillow |
Limited Area Search |
|
|
Large search area |
Some data has been reported
to be as old as two years. |
|
|
Great information, Larger
area of search than some other services |
Data is not available for
all areas |
|
|
Allows you to adjust data
if assessors office info is incorrect |
Limited amount of data |
|
|
|
COMMERCIAL |
|
|
Thousands of Listings, low
cost of membership |
If you see it on Loopnet so
has everyone else. |
|
|
This is the choice of the
professional |
Cost if VERY high. |
|
|
Thousands of Commercial
Properties to search |
Data is limited. Income, Expenses and CAP rate usually do
not show on listing |
With commercial property you
do not necessarily need comparable data.
Commercial Property value is based on the Net Operating Income
(NOI). With these services you can,
however check CAP rates in the area and get general market data that will help
you with your investment choices.
Small Southern California Builders are Hot
Source: The
Publication date: May 18, 2007
By Jim Wasserman, The
May 18--Private family-owned builders are growing their share of
new-home sales so far in 2007, gaining market share at the expense of some of
the nation's biggest publicly traded home builders, according to new
statistics.
Six longtime local home builders alone accounted for 15.5 percent
of the region's 2,671 home sales in January, February and March, according to
Costa Mesa-based Hanley Wood Market Intelligence. During all of 2006 those
builders --
Though the new statistics show only one quarter's sales, analysts
say they may represent the advantages -- at least in the current tough market
-- of local builders who bought their land years ago. The lower prices paid
then enable them to compete more effectively on price.
By contrast, many publicly traded builders bought land at the
height of the housing boom. They also must meet the short-term earnings
expectations of their Wall Street shareholders.
More…… www.builderonline.com/industry-news.asp?sectionID=27&articleID=502729
Housing Slump
Home building
posted a small gain in April, but permits for future construction plunged by
the largest amount in 17 years, a sign the nation's housing industry is still
in a deep slump.
Subprime
mortgage delinquencies and foreclosures will keep rising into next year, but
they aren't expected to seriously harm the broader economy, Federal Reserve
Chairman Ben Bernanke said last week.
Famous Homes
The Brady Bunch House
|
Osbourne's MTV House
|
Friends Apartment Building
|
|
Retail Demand to Continue High?
Industry Not Worried About April Sales Figures
National Real Estate Investor - Staff Report
One of the single-biggest reasons behind the continued strength of retail real
estate has been that despite a series of shocks to the system -- wars in
Afghanistan and Iraq, the housing bust, exploding gas prices and deadly
hurricanes -- Americans have kept shopping. Consumer spending seemed to weather
every storm despite warnings from many quarters that demise was imminent.
So when the same-store figures for April came in showing it had been the worst
month in the nearly 40 years that same-store sales stats have been tracked, one
had to wonder if it was a momentary hiccup or the beginning of the
oft-predicted death knell of the American consumer.
At the ICSC Convention, most seem to be voting for the former. The combination
of it being the coldest April in a decade, high gas prices and the April shift
that pushed more Easter-related sales into March laid the groundwork for one
bad month. But everyone seems to have put that behind them now. Read full story here.
Loopnet News
Retail Property Investing Strengthens
Retail real estate investing is off to a frothy start in 2007 amid weakening
property fundamentals. $32.2 billion of retail property transactions have
closed so far this year, compared to $52.5 billion in 2006, according to Real
Capital Analytics. The $17.1 billion that closed in Q1 2007 almost doubled in
volume from Q1 2006. Amid the investment surge, observers of property
fundamentals note that retail rental and vacancy rates are worsening. They warn
this could be a protracted trend driven by excessive construction and weakening
consumer spending.
Office Construction Returns to Silicon
Valley
Office construction activity has returned to
Property Markets Strong as Economy Slows
Coupled with uncertainty in the housing market and slowing consumer spending,
this may result in a sharper economic slowdown which will impact the commercial
property market. Growth in the country's gross domestic product, was an
annualized 1.3% in Q1 2007, down sharply from the annualized growth rate of
5.6% in the same period a year ago. In addition, only 88,000 net new jobs were
created this month, off from the 143,000 average for the three previous months.
Home sales remain strong, thanks to still-low mortgage rates. Uncertainty
resulting from problems in the subprime lending world could impact sales and
prices.
Visit Commercial Real Estate Direct at www.crenews.com for up-to-the-minute commercial real estate news.
CAP Rate Research
FREE
Real Estate Capital Markets Update
Commercial cap rates presented in report
CB Richard Ellis: Insight Reports
Colliers International: Market Reports, Real Estate Review;
Global Office Real Estate Review; Parking Rate survey; Office, Retail and
Industrial Highlights.
Colliers
chart 2005
Colliers
chart 2006
Cap Rates in Report. Good Chart!
Historical Cap Rates by Property Type, 2001 to 2004
(See page 19 of this national report)
National Council of Real Estate Investment Fiduciaries
>NCREIF News > NCREIF Property Index Flash Report
Quarterly: Income + Appreciation = Total Return, non-leveraged
portfolios of Apartment, Industrial, Office and Retail. All properties acquired
on behalf of tax-exempt institutions and held in a fiduciary environment.
Commercial real estate data based on "strict valuation standards."
Marcus &
Millichap, Vitorino Group
Real Estate Investor Outlook, Retail Research Report, and more.
Includes cap rate discussion & investor surveys.
REGISTER
PAY
Appraisal
Institute - Member Appraisers
Commercial Appraisers know local cap rates! Call one today! For
around $200 to $400 they would likely provide you great data! And talk about
each sale and how the cap rate was calculated!
Torto Wheaton Research Outlook reports on office, retail,
industrial, and more. See sample report in middle of page.
$295 for market reports available for 48 markets.
Market Trends & Trades. Cap rates & prices by property
type. Regional & national comparisons. Largest recent deals. Leading
buyers, sellers & brokers. There are currently 204 different Trends &
Trades reports available, all based on data current through the most recently
completed quarter. Also, free Regional and City sale and price statistics. See
links on main page.
Quarterly magazine: $125 each, $275 annual subscription.
Comprehensive real estate investment report. Independent survey research and
analysis provided for CBD and suburban offices, industrial R&D and
warehouse properties, apartments, hotels, regional malls, power centers, and
neighborhood/community centers. Electronic or hard copy.
$50 quarterly or $100 annual subscription, incl Flash Report.
Compilation of surveyed national investment criteria (leasing assumptions,
yields and cap rates by property type, marketing time, and more.) Released
directly end of quarter for fast, general information.
Investment Criteria Report Historical cap rates on 9 property
types. $125
Real Estate Research Corporation Many different reports
Investor Survey $89 per year. Cap and discount rates, loan
terms and interest rates, equity requirements, reserve requirements, and
interim financing rates and terms for 32 types, plus financial indicators,
historical cap rate trend data, and land lease cap and discount rates, by
property type.
Market Survey $89 per year.
Costly, or pay just $39 for 1 day of usage. Market and Building
specific data of sale prices, cap rates, vacancy and rents in 48 markets.
For cap rate data look at “CoStar Comps”.
> Market Analysis. See list in middle of page.
Emerging Trends in Real Estate® 2006 "Recognized as the
real estate industry's most respected annual forecast, is now in its 27th year.
This publication is published jointly by PricewaterhouseCoopers LLP and ULI -
the Urban Land Institute.
Korpacz Real Estate Investor Survey® "Widely recognized as
an authoritative source for capitalization and discount rates, cash flow
assumptions, and actual criteria of active investors, as well as property
market information. Quarterly
I hope you enjoy the
information I provide. If not please
give me some suggestions. I will also
love to add your commentary or information to this letter.
I am contemplating putting
together a Master Mind that would meet in
If you have projects you are
working on and would like my help.
Please contact me to discuss.
“The directions are on the outside of the box!” Keith
Cunningham (I think?)
Kind Regards
JW Najarian
818-353-9100
.