The latest news on local real estate by Ray Shay, Owner/Broker Associate of Shay Realtors of REMAX Ranch and Beach. #1 in sales in 2009, 2010, 2011, and 2012.
Limited inventory and great interest rates continue to fuel the price surge on local properties. As an example, we had an open house on Sunday morning and in only two hours we had about thirty persons walk through the home. Many of them had agents working diligently to try and get the deal for their clients.
I really do not seeing this situation changing much in the near future. We are clearly on an up cycle as far as value and people should be concerned about a housing shortage. Once prices rise enough you will see more homes on the market and hopefully the pricing will stabilize. It is a great time to sell but if you are buying I suggest you get a full time Realtor to assist you. Their expertise and experience is needed in this rapidly changing market.
Ray
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