Uncategorized August 19, 2011

OneTakeRealEstate #5 – Today’s Activity + “Timing the Bottom”

This week: Current Price Trends and “Timing the Bottom”
The following shows current (through June) price trends (average cost/square foot) in Metro Seattle.
Now, I definitely am not going to issue a blanket “buy now” opinion that purports to consider all elements of all buyers’ personal equations. However, I did have the chance a few weeks ago to hear a financial advisor recount his attempts to serve his clients from 2008 through current times, and I found it thought-provoking:

-In early 2009, they were looking for the bottom; staying out of the markets.
-Two years on, it is easy to see that the Dow closed on March 2, 2009 at 6,626.94 and today closed at 10,817.65

-They are concerned now that they missed their opportunity.

When is/was the better time to buy? Things feel better now; more stable. But that stability certainly costs. And, what about life? We can’t live in our stock portfolio or meet our neighbors there, so maybe there is more to the equation for owner occupants than dollars and cents. Something to think about…