Archive for November, 2008

Raymond Stoklosa

October MarketWATCH Report

On behalf of The RayChel Realty Group, I am pleased to present the October 2008 edition of our MarketWATCH Report, a guide to San Mateo County real estate prices published on a monthly basis. San Mateo County is showing some positive signs this month. Year-over-year comparisons show that both the number of newly initiated home [...]

Raymond Stoklosa

You Can’t Time the Market

The market is impossible to time and you’ve probably heard me say “we only know where the bottom of the market is when it’s behind us” more than once on here. In fact, I’ve been telling clients this for years, but have never had an effective way to explain it until now. There are few [...]

Raymond Stoklosa

It’s Time to Trade Up

Since Gary’s graphic got such a great response on Monday, here is another one to illustrate another important point about buying a new home in the San Mateo County buyer’s market. You know that it’s a buyer’s market, but you’re not a first time home buyer. So, that means you are probably also going to [...]

Raymond Stoklosa

Don’t Overprice!

I was asked the other day, “what would be the #1 piece of advice would you give a San Mateo County home seller?” My answer, “Don’t Overprice!” The graphic below, from Gary Keller’s book, The Shift, illustrates why. The fair market value, or what a buyer is willing to pay for your home, is decreasing [...]