Local Real Estate Market

Real Estate Agent with EXP Realty of California BRE# 01722617

Local Real Estate Market

Here it is the second week of 2013 and I am very excited about the prospects for this year. I had the best holidays filled with lots of great food, friends and family. I hope you did as well.

I am hearing that there is no inventory out there. I went through my inventory and I have 11 properties with willing sellers. They are willing to sell if the price is right. All of these folks have had their property on the market or have been waiting to list when prices are going up.

I do have to say this at this point. Let your experienced Realtor price your property. We know the market and if we have any doubt as to pricing, whether buying or selling we have teams of experts to get the best for you.  

Here is my take on the current Local Real Estate Market using 3 homes that were on the market and did not sell.

1.    2500 SF home good condition, single story with 1 set of stairs to get in, great location and the perfect move in home. It will sell this year at the price their Realtor placed on it years ago. The home was worth it, we just didn’t have folks moving up.

2.    2500 SF home in perfect condition, 2 story but dated. A great family and executive home. It was priced right but needed a full paint out with new windows. This could be sold now at the previous selling price but will need a credit for paint, carpet and windows. The price could be bumped up for about half the price of the credit. If this was single story then it would probably sell.

3.    Country property close to town. Tons of water in a water scarce area. All of the other homes around it sold for over asking and they had no water. This was on the market last year at $1,850,000. And will sell easily for $2,500,000. this year.

The bottom line is that prices have been stable for a while, interest rates are down and real estate investing when managed well with a decent loan is still the best investment around. It is a home and an investment. Not a piggy bank!

 www.HealdsburgRealEstate.com     www.NewHomesInHealdsburgCA.comGreat Healdsburg Real Estate

Comments (1)

Forest Tardibuono
Sun Pacific Mortgage & Real Estate - Santa Rosa, CA
The Guy in the White Hat - Your Hard Money Broker

Great blog Bob!  It's really good to see other Realtors/Brokers out there pushing the truth:  just look at the opportunitues and do some real smart work!

True, there is a "lack of inventory" statistically but a buddy of mine is going around knocking on doors and matching up Sellers with interested Buyers.  He's busy as a bee doing this!  And my wife who's co-owner of our company and the Realtor, has been smart and is netowrking with numerous agents to keep abreast of upcoming fixer-uppers they will be listing so she can jump in as fast as possible with offers. Shes busy as heck too. 

So, I agree with what you say!

Best, Forest - The Guy in the White Hat

Feb 07, 2013 07:58 AM