Keith Sorem's (keithsorem) Blog

Market Index Up slightly to 0.32, last September during the mortgage meltdown 0.14.  New Listings – Fifty Five new listings this month, compared to forty-four in August. Last year there were 27. Pending Ratio 0.22, a drop of five points from August, the third month it declined. Last year the rati...

Market Index A market index of above 1.20 is a seller’s market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer’s market. The index increased to 0.29, mirroring neighboring La Crescenta.  A year ago the index was at 0.27, so we are definitely in the recovery phase.   New Lis...

North Hollywood, Sun Valley, Shadow Hills, Valley Village, Valley Glen, and Van Nuys.   Market Index A market index of above 1.20 is a seller’s market, between 0.80 to 1`20 is a balanced market, and below 0.80 is a buyer’s market. The market index jumped six points to 0.31 as buyers take advanta...

Market Index A market index of above 1.20 is a seller’s market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer’s market. After taking a dip in July, the market index rebounded up to 0.47, the highest in the last 12 months.  A year ago it was 0.14, in fact we are doing more b...

Market Index A market index of above 1.20 is a seller’s market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer’s market. Our up and down market continues, 0.30 for September after 0.33 in August.   New Listings One hundred seventy two new listings, compared to 134 last Septe...

Over the past year I have had some serious problems helpiing clients because if inaccurate data in our MLS.  I have a meeting on Monday and am hoping that some Activrain feedback might give me some additional ammunition to get my point accross. When a Realtor takes a listing and they know up fron...

I am working with a subcommittee of our association on ways to improve our weekly association meeting, commonly referred to as the "caravan meeting".  Does your association have a weekly meeting?  Do you attend?  Why or why not? Our meeting begins with the Pledge of Allieigance Introduction of af...

Glendale has been feeling the effects of the market shift, both ups and downs.  Like the other markets I monitor, market activity has been increasing.   Market Index  Looking at the last 12 months, the two top months have been May and June 2007.  In May 2008 the Market Index reached 0.28, only T...

    Burbank, like other local markets, is seeing a very busy spring selling season.  Buyers may be waiting on the sidelines, however there is a lot to think about, not just dream about. Market Index In most markets the last peak was in May and June of 2007.  Burbank's market index in May of 2008 ...

All markets go through cycles, and Burbank is no exception.  For the last two years we knew that Burbank was experiencing a buyer's market and the question has always been "when is it going to hit bottom?".  My answer has always been the same, that we will know until two or three months AFTER the...