Market Conditions

The low end of the housing market has definitely taken off. There is increased demand for foreclosure properties compared to only a few months ago. In some places prices have fallen more than 50% from the market peak in 2005.

I'm writing purchase contracts on homes priced at $250,000 and below in the Bay Area that have anywhere from 5 to as many as 21 offers! Cash is still king, but banks are looking for the highest net to the seller regardless.

Posted by Julie Lauer on 05/23/2008 04:44 PM

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bay area, pleasanton, housing, market, conditions, foreclosure, purchase

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Real Estate Agent: Julie Lauer (Keller Williams Realty)

Julie Lauer
Pleasanton, CA
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Keller Williams Realty

Cell Phone: (925) 963-2842
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