Best Time to Buy in Three Years???
C'mon Nic, you're just saying that because you're a real estate agent and you want me to list my house! Let me give you the facts of what has happened the last 3 years and what has happened the last 3 months. I noticed the downturn hit when I listed 325 New Hampshire back in June of 2006. We started at $660,000 and ended up chasing market down to $585,000. The same thing happened with 218 Massachusetts which I listed in June of 2007. We started at $549,990 and ended up chasing the market down to $460,000. Then in September of 2007, I listed 625 Bunker Hill Circle. This property was listed at $545,000 and ended up selling for $510,000. I actually witnessed the end of the "downturn" while listing 601 Valley Forge Drive. This home was listed in December, 2008 for $525,000...after several price reductions (chasing down market) we ended up entering escrow at $440,000. The home fell out of escrow BUT when I put it back on the market, there were FOUR offers in the span of 3 days! Some were even ABOVE asking price. Most recently, last month in June, I listed 354 Pennsylvania for $499,000. We had TWO full price offers the first two days it was on the market. There were a total of 4 offers on the property before the owners selected an offer. We have gone from "decline" to "devine." This is a huge opportunity with low inventory and 47% of the homes on the market in Placentia are in escrow. Don't waste the opportunity to capitalize on the extremely low inventory and high buyer demand.
Call your Granada Park homes expert Nic Petrossi with Prudential CA Realty at (714) 272-3646.
View my sold listings at www.NicSellMyHome.com.