Real Estate Market Activity 2015 Year at a GlanceProperty Sales (Sold) January property sales were up 6.3% from Jan. 2015. Current Inventory (For Sale) Versus last year, the total number of homes available this month is lower by 8 units or 12.3%. This year's smaller inventory means that buyers who waited to buy may have smaller selection to choose (0 comments)
Sometimes the media needs to make news, it seems. They will use information in other parts of the country that does not accurately reflect our recovering local market and say a new wave of foreclosures will flood the market. Since Placer County has seen a 34% increase in values since the low of January 2012 many people are no longer underwater in their property, mind you we have still to recover another 23% to reach the highs of the market in 2007. You can see from the chart below that REO's (foreclosures) have fallen off significantly and the chart for short (1 comments)
Real Estate Topics and Tips for Central California Sierra Foothill towns of Auburn, Meadow Vista, Newcastle, Cool Pilot Hill, Garden Valley, Georgetown, Applegate, Weimar, Colfax,Loomis, Rocklin and surrounding areas