Robert Vegas Bob Swetz

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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Unfortunately, I think the devastation and loss of life will be more of a factor than home pricing.

Aug 25, 2016 01:27 PM
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Margaret Goss
Baird & Warner Real Estate - Winnetka, IL
Chicago's North Shore & Winnetka Real Estate

I can't imagine any other scenario than prices dropping dramatically as the area could be partially destroyed.  I believe home construction has improved dramatically in earthquake prone areas, but as you said, they are overdue.

Aug 25, 2016 06:03 AM
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Robert Vegas Bob Swetz
Las Vegas, NV

Home values and prices in the Bay Area in Northern California are at a all time (inflated high) ;o/

And all it's going to take is a serious Earth Quake to put these home values into check and bring them back down.

And Vegas Bob is talking a "Serious Earth Quake" and please don't say they've been saying this for years because the Bay Area has been overdue for quite some time ...

Aug 25, 2016 05:49 AM
Rainmaker
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Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Depends - there was one several years ago and S.F. / Oakland bounced back very strong

Aug 26, 2016 12:20 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

The homes left standing would probably get even pricier.

Aug 25, 2016 09:20 PM
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Interesting question and I love the debate going on here 

Aug 25, 2016 01:32 PM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I believe there would be a spike in inventory and as a result propery values would decline. 

Aug 25, 2016 12:00 PM
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

There was a great article about that a few months ago in The New Yorker.  It was amazing, well-written.  The seismologists are more concerned about Washington and Oregon, in large part because of the soil type.  Here's a link to the article.

Aug 25, 2016 11:26 AM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Perhaps in the short term but I think the matter would be rather complex, depending on amount of damage and where. I hope I am not around to find out the reality

Aug 25, 2016 11:10 AM
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Sandra Steele
Wise Choice Properties, Sedona/Verde Valley Branch - Cottonwood, AZ
Integrity, Knowledge - 37 Years of Experience!!!

You know the answer to that question.

Aug 25, 2016 10:09 AM
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

It's difficult to say what might happen. There are some very interesting and well thought out answers. 

Aug 25, 2016 09:15 AM
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

They went up! I lived through many and survived the 1989 quake, which was the biggest of my lifetime, bridges fell and houses fell down hillsides and or sank into the landfill. Prices went up, up and away!

Aug 25, 2016 09:14 AM
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Robert Vegas Bob Swetz What homes!

Aug 25, 2016 08:52 AM
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

There was one a few years ago (1989), and parts of the bridge was broken.  Some of the properties near there had a better water view because the bridge was gone.  When they rebuilt it they kept it that way, and their values went up....

Aug 25, 2016 06:45 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Only time may answer that question.  I hope I am not around to see it. 

Aug 25, 2016 06:18 AM
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I would think prices would drop and more people moving to Colorado.

Aug 27, 2016 01:25 AM
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Carol Wilson
Your $imple Home - Toronto, ON

 The comments so far all talk about the earthquake.  According to the New Yorker article (thanks to Patricia Kennedy for the link in her comment) the Big Earthquake that is overdue will be 9 on the Richter scale, and cause a Tsunami.  I may remember incorrectly, but I think it said everything for the first 300 or so vertical feet will be awash with debris, including cars, bridges and buildings that didn't stand up to the wave coming in.  The land prices will drop and then skyrocket, but the recovery time for clearing all that extra tsunami mess before infrastructure can be re-created will surely slow recovery down, and this assumes no further aftershocks to cause further damage.......... so many unknowns, so much misery, no potable water for miles, no food, enormous amounts of debris and rotting things, and perhaps fire from burst pipelines. Three hundred vertical feet scoured by a massive wave is a lot of coast.  This will cause a lot of change......

Aug 26, 2016 10:58 AM
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     Unless it's an apocalyptic nightmare where the coastline moves inland (or farther out), there will be market instability until the infrastructure (roads, communication, water, sewer, etc.) is repaired and reusable. 

    The market would then see a resurgence, possibly even a lot of investors moving in to take advantage.

Aug 26, 2016 08:28 AM
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'd say prices would go in both directions.  Devestated areas would drop and prices for remaining homes could skyrocket because now there is additional demand from those that lost their homes.

Aug 26, 2016 03:14 AM
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it would all fall between the crack in the earth....

Aug 26, 2016 02:50 AM
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Jessie Cochran
Counts Real Estate Group, Inc. - Panama City, FL
Panama City Realty Group

It's happened before, during the 1989 world series - I imagine the same thing would happen  - they'd rebuild and the prices would go up yet again

Aug 26, 2016 12:33 AM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

There may be a demand for the needed new housing.

Aug 25, 2016 11:51 PM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

May it never happen! Some homes may appreciate if they are now waterfront!

Aug 25, 2016 11:31 PM
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I agree with Paul S. Henderson, REALTOR®, Broker, Tacoma Washington 

Aug 25, 2016 11:09 PM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I do not want to think about it.

Aug 25, 2016 10:45 PM
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Margaret Goss nailed this one!

Aug 25, 2016 09:54 PM
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Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

They would devalue and people would sell. Then, market returns where new sellers selling at high point of market.

Aug 25, 2016 09:41 PM
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Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I would guess initially there would be a decline in prices, but they would go back up again. California has had many quakes north and south and it doesn't seem to have affected home values over the long run.

Aug 25, 2016 09:32 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Robert Vegas Bob Swetz - if nothing much happens to the homes, they will go up! 

Aug 25, 2016 04:09 PM
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Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I would think they would drop, but I'm not from there.

Aug 25, 2016 02:06 PM
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

It depends on if they are affected or not...

Aug 25, 2016 01:31 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I suspect that supply and demand would step in and drive the prices up to make up for the homes that where destroyed.

Aug 25, 2016 01:27 PM
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Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Probably a lot more impact than major snowstorm in northeast. (I live in Lake Erie snowbelt)

Aug 25, 2016 11:26 AM
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Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Already is shortage of housing. 8 Point earthquake takes down the Marina and any homes on sandy soil. After the 4 week emergency: contractor prices soar for repairs of masonry, permits take 2 years for new houses rather than 1 year, houses standing increase in value.  People buy earthquake insurance when it becomes available. Earthquake coverage has huge deductable sometimes $20- 30000 ( about cost to rebuild chimney in Bay Area which is what falls down in a 6 -7 point earthquake) 

Aug 25, 2016 08:58 AM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Mother nature would reclaim what is rightfully hers and those that were once high, will be made low. Tragic resetting of all circumstances

Aug 25, 2016 07:27 AM
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Out in California, they're gonna have some warm weather tomorrow, gang wars, and some *very* overpriced real estate. Up in the Pacific Northwest, as you can see, they're gonna have some very, very tall trees.

Aug 25, 2016 06:12 AM