High Prices | Low Sales
Its interesting that the that medium home price throughout California is still increasing 6- 8% but the number of homes that have SOLD year to date compared to the past Five Years, has dropped as much as 40%-50%.
So are the Real Estate prices up from last year or not? No, the reason for the increase in prices is that the true sign of a Bear Real Estate Market is that the Highest prices homes have a tenancy to be the last wave of homes that sell prior to the market cooling down, thus you have a small number of Higher price homes closing escrow which makes everyone think that prices are still going up!
Los Osos like a number of other Communities in the County has experienced a 10% price reduction compared to this time last year. Thus if your home was appraised for $ 500,000.00 last year don't be surprised to get a current appraisal at $ 450,000.00.
If you would like a true Honest evaluation of your property, please don't hesitate to give me a call. Thanks for logging on!
Sincerely, Leon
4 Comments:
wow your a pretty crazy guy.
all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy,all work and no play makes jack a dull boy. Leon ever see the shining?
REDRUM, REDRUM, REDRUM
Oh! Will this trend continue until mid next year?
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