Coldwell Banker Premier Realty

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Some recent activity
Posted: October 24, 2013 at 10:15 AM by John McClelland

Some analysts have noted weak M & A activity in REITs throughout the past year. One common reason is the lack of willing sellers. Pretty natural result in this interest rate environment.Scott Craig expands on some of these reasons here: Cole Real Estate and American Realty Capital Partners merged. Housewire has the details: read more

Class A Apartments

Posted: October 24, 2013 at 10:07 AM by John McClelland

Las Vegas – Senior leadership at Coldwell Banker Premier Realty announces the sale of Inspirado Apartments to private investors, Mystic Sands LLC.  Inspirado, a 252 unit apartment home community completed in 2011, which sold for $28,700,000, represents one of the larger transactions that took place in the Las Vegas Valley in 2013. “Inspirado was a great opportunity for an investor to acquire a low vacancy, newer project in a growing submarket, near several major employment centers”, said Brian read more

Notes on SFR REITs

Posted: October 06, 2013 at 1:30 PM by John McClelland

Just finished reading a transcript of a Silver Bay discussion at the JPM Securities Financial Services and Real Estate Conference.Here is one interesting quote  "But again, the institutional ownership that you read about in the papers is still very small, perhaps a 100,000, maybe 150,000 homes have been purchased over the past three, four years, and that's just tiny in comparison to the overall markets. So, we see a great deal of growth opportunity and consolidation going forward." &# read more

August Figures

The latest print from August
Posted: September 16, 2013 at 1:10 PM by John McClelland

 The August price numbers appear to be a continuance of the trends we have been observing for the past several months. On a price per-square foot basis, sale prices are again higher in the latest print, with the median price hitting $100 per square-foot. That is a figure we haven't seen for a long time. As our readers may recall, we have been encouraging likely sellers to place their homes on the market sooner rather than later and the broad based increase in inventory has largely validated our hypothe read more

Reflecting on July

Posted: August 22, 2013 at 2:58 PM by John McClelland

In the July numbers, increased prices continue to be printed. On a median price per-square foot basis, single family home prices advanced by 3.2% from last month. With the same metric, condominiums and townhomes increased by over five percent. Multiple offers remain commonplace, although anecdotally, this appears to be moderating as we head into a slightly less active season. It is worth noting that on average, homes that closed in July went under contract nearly 70 days prior, so closings do tend to lag th read more