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Market Distress Indicators Moving in Different Directions in California... What???

By Sandra Carlisle (Ayers)

Real Estate Agent with Berkshire Hathaway California Properties 01364315

March 20, 2008 09:36 AM

DataQuick has released their spin on California February 2008 Home Sales. And the news ain't half bad.

Mortgage payments are back to where they were 4 years ago...
DataQuick's numbers include all sales (new and resale), houses and condos...
Buying activity for non-owner occupied housing is increasing (investors are back in the market)
February Sales slowest on record (records kept since 1988) (Could this be why buyers held their breath in February? I know it's why I told my Jumbo buyers to wait.)
Median prices drop

California February 2008 Home Sales

For exact information on your area in Orange County and how the market affects your selling or purchase price, call Sandra Carlisle at (949) 500-0482.

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JL Boney, III

Coldwell Banker - Columbia, SC

Columbia, SC Real Estate

Glad to hear that things are starting to pick up, hopefully they will continue to do so.

Mar 20, 2008 02:01 PM

Ricki Eichler McCallum

CastNet Realty - Corpus Christi, TX

Broker,GRI,ABR, e-Pro, TAHS

Good info, thanks. Will keep an eye on this trend.

Mar 20, 2008 02:20 PM

Sandra Carlisle (Ayers)

Berkshire Hathaway California Properties - Newport Beach, CA

Real Estate Marketing & Sales

JL & Ricki - I will be closely watching as well.

Mar 20, 2008 03:07 PM

Elaine Hanson

Coldwell Banker Realty - Malibu | Topanga - Malibu, CA

REALTOR - Topanga, CA Real Estate Agent

I think you are right about people holding off during February. We just had two weeks of new listings pour onto the market. Yay!

Mar 20, 2008 03:12 PM

I know, our sales board is twice the volume as our new listings board. Definitely picking up at a serious clip!

Mar 20, 2008 03:18 PM

Elaine - Is the county you work in offering homeowners a chance at lowering their property taxes? They are giving an easy window here until March 30th.

Mar 20, 2008 03:21 PM

Market Distress Indicators Moving in Different Directions in California... What???

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Sandra Carlisle (Ayers)

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