Answers - Real Estate

This full report and other Real Estate Resources are available in my website. The complete report includes all graphical data to support statements & conclusions.

WHAT HAS HAPPENED?

In October, single family homes on average sold for 1% to 3% below the original listing price

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

depending on their market segment (see segment definitions in the full report). About 51% of homes sold below original list while 34% sold above. The high-end market (Hillsborough, Atherton, etc) and seaside cities (Half Moon Bay, Pacifica, etc.) are experiencing the most price

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

pressure with the highest below price percentages.

Average home prices actually jumped up a little in October due to an unusually high number of $3M homes being sold. The average home in San Mateo County now costs $1.16M. However, unit sales overall remain weak with only abou

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

t 400 homes sold in October (17% below average). The number of new listings has not decreased and inventories are well above the numbers seen in the past couple years.

WHAT DOES IT MEAN?

The reality is that homes may have suffered a small decline in October, but this does not

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

yet make for a trend. Homes prices overall are relatively flat. However, the low monthly sales volume is likely leaving us closing the year with 4,900 homes sold vs. the 5,800 average for the past decade.

For sellers, the good news is that inventory levels are following seaso

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

al patterns and began trending downwards in October. Inventories remained well within the levels seen in the relatively healthy, but slower markets witnessed in the past decade.

While it may be a buyers market, buyers may still find themselves in multiple offer situations. The

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

30% of homes that sold above the asking price, likely achieved this feat through multiple offers. The low-mid range, well priced (or even priced below market) home that is unique, well designed and in a good neighborhood is still bringing in competitive bids. Although multiple

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

offers are now more the exception than the rule; great, well priced homes should at the very least sell quickly.

WHAT SHOULD I DO?

BUYERS

Buyers you could wait in the sidelines for prices to drop, but I'm very leery of timing the market for a personal residence - investment

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

s are different. Even if prices don't climb, interest rates are still near 40 year lows and could rise, which in essence is a price hike since your monthly payment will be higher. But I also don't recommend you rush to buy a home. The plain vanilla homes will linger on the mark

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

et or there will be another one like it for sale soon.You also now have the luxury to be more demanding on price negations and repair requests. "AS IS" offers are no longer a must. However, if you see a home that is absolutely perfect for you and it falls into a 'mass' appeal c

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

tegory, then you may want to jump on it! I ran across such a home in Early November and it received 12 offers.Now more than ever, be selective about the agent you choose! Use an agent that is willing to negotiate hard for you without loosing the deal altogether. Many agents hav

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

e only worked with buyers during the 'hot' market period where buyers begged and accepted whatever they were given. Many of these agents are not accustomed to fighting for their buyers. Have someone represent you that understands what the home needs and how to negotiate for it.

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

In addition, since the market could change, select someone that carefully looks at 'real' market trends so they can advise you in a timely manner on how to best proceed.

SELLERS:

The good news is that prices are stable, rates are still low, and buyers are still willing to co

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

mpete for homes on a smaller scales. If you can afford it and have the time, try to make your home as appealing as possible to potential buyers, but don't go over board. Large remodeling projects may cost you more money than a buyer will be willing to pay. Learn to be patient a

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

nd vigilant of the market.Also be prepared to have your home on the market longer than before. Many homes now take two or more months to sell. Try to be accommodating to buyers, make it easy for them to view the home and consider having as many of the repairs listed by a pest o

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

property inspection completed prior to placing the home on the market. This means preparing your home for market earlier than before when the market was 'hot'. The realtor you choose is now more important than ever. Simply putting a for sale sign on a home is no longer an acce

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ptable marketing strategy. You need a realtor that understands marketing and is willing to invest their money and time to sell your home. While you want an agent that is experienced and knowledgeable, you may also want to reconsider using the "Big" player. Many of high volume l

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

isting agents were able to effectively do their job because they did not have to invest much time into any one listing - homes virtually sold themselves. Today, you want an agent that is savvy enough to really market your home, but humble enough to appreciate your listing.

In

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

addition, since the market could change quickly, select someone that carefully looks at 'real' market trends so they can advice you in a timely manner on how to best proceed. You need to be informed about your local competition and the direction the market appears to be heading

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

, this is the area the majority of agents erroneously depend on rumors and not real research. For more advice on buying or selling a home, or to see the full report visit http://www.bayareahomesource.com

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

The Fastener Quality Act defines a fastener as a screw, nut, bolt, or stud that has external or internal threads, or a load-indicating washer, with a nominal diameter of five millimeters or bigger, one fourth of an inch or greater that contains any quantity of metal and is held out as meeting a standard or specification which requires through-hardening.

Are you making a sincere emotional connection with your prospects? If you're trying to fake it, or going overboard with feelings, they'll know it - and you'll loose the sale. Here's why.

Control of your personal destiny might very well be be contained within your awareness of this incredibly simple concept. In fact, it is so simple that it slips well beneath the radar of what most people even think about. It is a life altering secret that is hiding in plain sight!

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Answers - San Mateo County Real Estate Status

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