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.
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The common belief among housing experts nationwide is that home prices will continue to climb as inventory remains low and demand high. Ivy Zelman of the research firm Zelman & Associates predicts a 7% increase this year and about a 5% increase next year.
An interesting side light is more homes are being sold prior to hitting the open market. Some clients want to avoid the "circus" of multiple offers and want to sell their home more quietly. This tactic can be successful while it may detract from getting an inflated price and the pressure to complete the transaction from back-up offers, each persons circumstance is different and is dependent on a variety of issues. Don't hesitate to give me a call on my cell phone if you have any questions at 858 449-4970.
Ray
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 info@shayrealtors.com
