I have been very successful referring clients to agents from Active rain. I respect this community and it's ability to be "in touch" with the REAL market and pierce the dis-information campaign that the drive by media likes to dump onto the public.
Ok, i feel better - i got that out of my system. Here's my point. I would like to reach out to the Active rain community and ask for success stories in your local market. Share with the rest of us, share with home buyers and sellers that are unsure about this market.
Here's my latest sign that it's different on the ground than it appears in the news room!
The Inland Empire (Riverside/San Bernardino Counties) in California was a boom-town during the past 7 to 8 years. New constructions was rampant. These homes are 2,000 square feet and up and were selling for between $500,000 and $700,000.
Here was the last sale: old on 7-18-2006 for $560,000

Single Family Residence Detached RES Closed Sale Bed 3 Model 1 Baths 2.5 Stories Two Levels ASqFt 2280 Assessor YrBlt 2003 Assessor ALotSz 5859 Assessor LotDim View No View Prkng Garage Attached Garage 2 Rem Num Spc Cprt Acres 0.13 RV Acc HOA Dues + Range $: n |
Here is the new listing: Status: Active Pr: $279,900 Fontana, CA 92336
Single Family Residence Sq Feet: 2280 SubArea/Trac: / / 16112 Model Nm: Zone: List Price Excl: Bedrooms: 3 Year Built: 2003
Baths: 3 Full: 2 Half: 1 Lot Sqft: 5859 Remarks: BEAUTIFUL REO PROPERTY IN QUIET CULDESAC, NORTH OF FONTANA ,NEWER CONSTRUCTION ,CORNER LOT, FAMILY/LIVING ROOM,LOFT,TURN-KEY.
While researching properties for this particular family, we found several homes in this general area, priced similarly - THAT WERE REMOVED FROM THE MARKET LESS THAN ONE WEEK FROM LISTING because they received over 25 offers in the first 5 days.
So tell me then, why doesn't the media reporting about all of the families that can afford to buy now. The Califorina Real Estate market has been crazy for the past 8 years - this correction is GOOD for California families!
Please Share! I would like to hear about how HOT your market is - let's get a conversation going about all of the families that can now afford thier first home.
I have over 45 first time home buyers looking at homes right now - they are all pre-approved for financing and are actively looking to buy. Spread the word - Share your success stories!
The good side to this is economic impact that the entire community will realize when common people,like me,have more expendable cash to play wih,