While the media continues to paint a gloomy picture for the housing market, leading economists predict existing homes sales could start to show a sustained increase within a few months.
In our market, the recovery process has already begun in the sub $300,000 range as evidenced by investors jumping back into the market. We are seeing multiple bids on REO properties and homes are being sold over asking price in this range.
In the $300,000 - $500,000 range we are seeing homes selling at market value or slightly below.
Above $500,000 we are still seeing a stall and are getting homes for our clients 5%-10% below market comps.
Give me a call….
As an associate of JC & Associates Real Estate Group with Insight Real Estate, I'm part of an expert level team of real estate professionals that are available to answer all your real estate related questions and provide you with all the tools and resources available to ensure the efficient sale and purchase of your most valuable asset, your home.
Contact me today at (916)765-0085 for a no obligation Market Analysis, Home Tour or Home Evaluation.
I look forward to the opportunity of becoming your trusted real estate resource.
