OK, so I know most of my clients give me the "Get real and do it soon" look when I tell them where the market is at...

After all, they primarily read the newspaper and watch gore news about how bad it is. Here are some realities we live with today:

This pertains to the market place around Temecula, Murrieta, Winchester, Menifee, Canyon Lake and Lake Elsinore to some extent.

Most properties are sold with multiple offers. In many cases the banks will ask for best and final offers, and you better be ready.

Now I just heard 17 Realtors roll their eyes - how could that be? Well, we have managed to sell through a lot of inventory, we are down almost 50% since last year. A few weeks back, I was looking at Paseo del Sol in Temecula, and found all of 7 short sales... Naturally, that changes fast, but it gives you an idea, that we don't have this glut of property sitting here anymore.

So - this begs a new question. If we are done with the buyers market (And I'll tell you, when we can go $20,000 over price and not get the house, I'll say we are), then what do we do next?

I am interested in hearing about your experience in the new hot market, what are you doing to win bidding wars and how come CA does not have an escalator clause?

Terkel