The Sun is Shining in California!

I opened my latest California Association of Realtors newsletter and what did I see??? Four encouraging stories looking back at me!

•1) 4% decline in listing price reductions

•2) 64%--Entry level affordability

•3) 10% decrease in foreclosures in January

•4) Almost 14% increase in existing home sales in 4^th Quarter

My first reaction was to think "we've hit bottom" and we're moving beyond! I've seen multiple offers on entry level homes in the Napa market and over asking price bids. Shades of the past.

For the past few months, entry level REO and short sales have also seen a lot of activity in the Truckee/Tahoe market. Have we hit bottom in CA? My crystal ball is a little foggy these days, so I never know what's coming next, but these stories are pretty encouraging! I invite you to check out what's happening in either market on my website, or better yet, contact me for a more detailed summary.

Tamara Perlman Coldwell Banker Northern Marin, CA. Tamara represents buyers and sellers in Lake Tahoe, Truckee, and Napa CA. Please call: 530-550-1299 or email Tamara at tperlman@coldwellbanker.com for more information on either market or general real estate inquiries. Search listings at www.TamaraPerlman.com