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What is the Market Doing?

We are noticing a definite increase in inventory and of course with that properties are on the market longer.

We are starting to see sellers reduce their prices.

With all of the new building that is taking place in the marina, the beach properties are seeing quite an influx of new buyers. So, it should be interesting to see what happens to the market.

Florence at the beach at Channel Islands Marina

(just South of Santa Barbara) on the California Gold Coast

Posted by Florence Gadbois on 07/21/2006 12:56 PM

Comments (3)

beach, market, sales, ventura county

3 Comments on What is the Market Doing?

JUL

2006

We have increased inventory too but our numbers will be up this month for sales too!

In Pinellas County Florida inventory is about 400% of what it was last year, with 40% less buyers. Still, buyers are buying and people are moving to Florida. Pricing right is king. In the case of "flippers" they are facing problems when developers have new units and are offering fantastic incentives.

JUL

2006

The real estate market in the Fredericksburg Virginia area is much the same as it appears to be in Florence's area of operations.

The number of listings is growing and the number settlements is decreasing. At the end of last month we had )about) a 7 month supply of houses available. A very notable increase from June of 2005.

How are things going in other areas of the country?

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