Granite Bay Market Tightening

By
Mortgage and Lending with Better Homes Realty Granite Bay

We are running out of inventory... no doubt about it and there is still a gap between willing buyers & what existing potential sellers would want for their home..

As of today, there are 17 active listings in the Granite Bay, California zip code, at any price. Obviously that is subject to change, and does daily, but about a year ago there were nearly 200 - mostly foreclosures.

With the banks winding down their REO inventories, we can expect a few things to happen:

1.) A lot of asset managers will be looking for a new line of work (I actually like asset management people, but if there are no more REO's... )

2.) Prices are going to increase. Lack of supply compared to demand means prices go up.

Comments (2)

MichelleCherie Carr Crowe Just Call...408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Scott, please tell us what's new in Granite Bay. FYI, I just subscribed to your blog, you can read and subscribe to my blog about Silicon Valley homes and real estate in Saratoga, Cupertino and San Jose. Calif. at www.activerain.com/results.

Mar 12, 2012 09:31 AM
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Scott, I just wanted to stop by and let you know about our ActiveRain MeetUp tomorrow afternoon in Roseville:

Sacramento Area ActiveRain MeetUp #3 - Roseville, CA - Friday, 4/20/12 (3pm)

If you can make it, we'd all love to meet you in person...plus you can earn up to 3,000 points! :)

Leilani

Apr 18, 2012 07:18 PM