In my opinion there is a change for the better in our market place.
There are fewer homes for sale, less inventory (available), more pending and sold for the first quarter of 2009.
An increase in price. Higher prices for pending than the sold comps.
Low appraisals. Buyers are paying more than properties appraise for.
Lower interest rates. in the 3%'s and 4%'s.
Some short sales are actually going through. In the first quarter of 2009 in 92101 zip code, 7% of sales were short sales.
Foreclosures have multiple offers and go 10-15% over asking price. Buyers generally make 10+ offers to get a property.
Loan delays because of the volume.
Normal sellers are selling their property for more money than the foreclosures.
Call us today for the total inside information:
858-444-2473
Melina Rissone and Team
http://www.sdpropertypricecontrol.com
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