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lafayette ca real estate: What's Happening in Today's Market - 09/22/09 03:04 PM
Prices are definitely stabilizing somewhat in all local areas.  As you can see from the chart below, all of these areas saw an increase in median price from the 1st quarter to the 2nd quarter of this year.  It's the first time since 2006 there has been a quarter to quarter increase in median price.  Does that mean that home prices are increasing?  No, the more likely explanation is that sales of higher priced homes that were sitting for longer periods of time are now beginning to sell.  Combine that with the dramatic uptick in activity in some of the lower … (0 comments)

lafayette ca real estate: Sellers waiting for the market bottom to sell? - 04/21/09 05:58 PM
I've had the conversation with many a prospective home seller over the past 3 years.  They'd like to sell, but don't want to do so in a "bad" market.  They're going to sit it out and wait for the market to "turn around". 
I'm always a bit baffled when I hear that.  The reality is that even when our real estate market does bottom out, it's highly unlikely that we're going to see a quick turnaround in prices that will make them quickly rise to anywhere near the levels we saw at the height of the market in 2005/2006.  Most people … (0 comments)

 
Ken_jacobs

Ken Jacobs

Walnut Creek, CA

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Clocktower Realty Associates

Address: 2950 Buskirk Ave. Suite 300, Walnut Creek, CA, 94597

Office Phone: (925) 280-1260

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