SOLERA REAL ESTATE NEWS FEBRUARY 2014
By Diana Mangan
STATE WIDE REAL ESTATE NEWS
“Southern California had its worst January for home sales in three years, as buyers wrangled with tight inventory, the feisty mortgage market and mounting home prices”, according to DataQuick, one of the most reliable real estate reporting companies in California.
Home sales across the six-county region fell 9.9 percent in January from 2013 levels, according to San Diego-based DataQuick.
Though a seasonal drop typically happens, the Southern California sales were still well below the norm. With only 14,471 sales logged, that’s 17.3 percent lower than the 17,493 average for January since 1988.
“The economy is growing, but Southland home sales have fallen on a year-over-year basis for four consecutive months now, and remain well below average,” DataQuick president John Walsh said in a Wednesday, Feb. 12, statement. “We’re still putting a lot of the blame on the low inventory. But mortgage availability, the rise in interest rates and higher home prices matter, too.”
SOLERA REAL ESTATE NEWS
Warmer weather usually brings buyers out, so let’s hope that will be the case in the spring for those of you hoping to sell your homes in Solera Oak Valley Greens.
The following are recent AVERAGE sales prices for the three models, per information from MLS. (Home sales during the period from Nov. 15, 2013 through February 15, 2014 were used to arrive at these averages.)
- Solera Princesses: $194,500
- Solera Trillions: $222,620
- Solera Emeralds: $266,667
YOUR SOLERA OAK VALLEY GREENS REALTOR
As a long time resident of Solera Oak Valley Greens, Solera's Real Estate News Reporter and a Realtor who proudly represents Solera buyers and sellers, I am 100% dedicated to every real estate transaction in our community. I enjoy keeping you updated on general real estate news as well as what's happening in the Solera community. If you have any questions on what's happening in the real estate market here in Solera, never hesitate to call or email me.... I am always happy to help!
Solera • Solera Oak Valley Greens • Solera Real Estate News • February 2014
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