Friday, October 31, 2008

When is the Best Time to Buy?

We are approaching our favorite time of the year! Not only because we are heading into Turkey dinner, family get together’s and gift giving but because this is when we see the BEST deals! This is when the bargain shopping begins. We love taking our clients out right now to see these sale prices.

 

We and our clients pick up fantastic homes and investment properties for the lowest prices all year. The California Median Home price is DOWN 31% from last year! The Detached Median Home prices are DOWN 41% from last year! Affortability for 1st time home buyers is up 24%. And California is leading the way compared to the rest of the country – Sales are up 85%. Properties under contract as of September 2008 are up 190.4% from prior year. That means that volume is dramatically up and prices will be soon follow as the sale inventory gets bought up. This could be the lowest bargain shopping season we see!

 

Call us today if you are interested in setting up a buying consulation.  

 

 

 

No comments: