We are Beaumont CA Realtors, and we watch California real estate and its trends very closely. We work in various cities across Riverside and San Bernardino counties, conducting short sales, standard sales and foreclosures for our home selling and home buying clientele.
If you're considering buying or selling a home you need to be aware of what the market is right now. Short sale transactions are on the decline and standard sales are coming back as prices continue to rise and home equity is returning to underwater homes.
In a recent report posted on the California Association of REALTORS "The combined share of all distressed property sales registered its lowest level since February 2008, dropping to 24.4 percent in April, down from 27.9 percent in March and down from 45.8 percent in April 2012."
and...
"The available supply of homes was relatively unchanged from March but remained tight. In April, the Unsold Inventory Index for REOs dipped from 1.8 months in March to 1.7 months in April. At 2.7 months, the supply of short sales remained unchanged in April. The April Unsold Inventory Index for equity sales was 2.9 months, down from 3 months in March."
This is a great time to consider selling a home. Sellers are realizing they can demand more from the sale of their homes now. And if you're considering purchasing a home, do it now before prices get out of control.
Call us today to get started: (888) 9-List-It. That's (888) 954-7848.
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