The latest news on local real estate by Ray Shay, Owner/Broker Associate of Shay Realtors of REMAX Ranch and Beach,
#1 in home sales in 2009, 2010, 2011, and 2012.
 |
| Our New Yard Sign |
Countywide home prices are up about 18% from February of 2012. We are still about 30% below home prices when they peaked at $517,500.00 in November 2005.
As home prices continue to raise it will likely free up more people to sell their homes which were previously under water. I don't believe pricing will start to level out until more home inventory hits the market. If you are at the tipping point where you can get out from under the costs of your home be sure to monitor the value and the average market time. Both are valuable indicators of the current market condition.
Give us a call if you need assistance. The increased value in homes have allowed some of our sellers to avoid a short sale. If you want to know the updated value of your home, let us know.
As home prices continue to raise it will likely free up more people to sell their homes which were previously under water. I don't believe pricing will start to level out until more home inventory hits the market. If you are at the tipping point where you can get out from under the costs of your home be sure to monitor the value and the average market time. Both are valuable indicators of the current market condition.
Give us a call if you need assistance. The increased value in homes have allowed some of our sellers to avoid a short sale. If you want to know the updated value of your home, let us know.
Local Market Update
We can provide you with custom weekly reports. You will find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our 92127 zip code. Call or email us today for your custom condo or single family home report.
(858) 449-7355 or
