Murrieta Real Estate Market Update - The Market is Hot!

The Murrieta Real Estate Market is HOT!!

Check out these numbers:

September of 2007 .......... 80 Closed Real Estate Transactions

Is the market picking up?! Hmmm... Let me think about that one.

70% of the properties that sold in September were REO's/Bank Owned properties. The best deals or best values are generally the REO/Bank Owned property. ** Bank Owned/REO properties account for about 20% of the current properties on the market!! About 40% of the homes are short sales, which are just sitting on the market. (Only about 5% of them end up selling as a short sale)

What does this tell you??? The best deals or homes that are selling are the REO's and the market is no longer dropping like it had been for the last 1-2 years. Now is a great time to buy! Home are selling for about 50% of what they were selling for at the peak.

I hope you don't find this information too boring. I'm a Business/Finance major and I love looking at the numbers:)

Tyson Robinson, E-Pro
Oak Tree Realty Group
Direct: 951.970.5740
Skype: TysonRobinson
Fax: 866.730.1082
Email: Tyson@TysonRobinson.com
Web: www.TysonRobinson.com
REO/Bank Owned Specialist

Search Our Bank Owned Properties at: www.TysonRobinson.com/properties.php