I have been really watching the single family homes in Fullerton and Brea in the 400k range and guess what? They are moving!
There are a number of reps in my office that have first time home buyers and the homes are getting multiple offers on them before they can even show their buyers. Some have been on the market for a very long time and some for just a few days. They are having to act quick!
I am not sure if the spring weather is bringing out the buyers temporarily or if they are here to stay. All I know is that if you are thinking of making an offer, you really need to put your best foot forward if you are in the 300k to 400k range or you may get beat out! If you are waiting for the market to "tank", you may want to start taking a look!
So far, the higher priced properties and the ones that are just plain old over priced still seem to be sitting. But the ones that are priced right (key is priced right) are really getting some action. I am hoping that they will all stay in escrow because we know that loans are a little trickier these days.
I am curious to hear what is going on in other areas. Are homes moving for everyone or do all the first time home buyers just want to live in Fullerton?
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