Here's a link to a chart that shows September's ACTUAL statistics for the Local Real Estate Market. These are the graphs that the news media doesn't want you to have. Why? because they go contrary to the negative hype that the news media wants to perpetuate.
When you click on the link, scroll down to the chart that says "Single Family Sales By Price." Look at the category that you are planning to purchase a home or sell your home. If you are a homebuyer and the green bar is longer than the blue bar for your category, you are in trouble. This means that the market for that segment is VERY hot and if you don't purchase soon, you may have to lower your standards for the type of home that you can afford or move to a less desirable city. If you are a homeseller and the blue bar is longer than the green bar for your category, you are in trouble. This means that the market segment is continuing to decline for your price range (better plan ahead and lower the price on your listing). If you haven't already noticed, foreclosures are the majority of the inventory in this market. Buyers- beware of buying foreclosures that have structural problems. These homes are not meant to be purchased by owner occupants, they are meant for contractors or investors. Sellers- beware of keeping your prices too high and negotiating yourself out of the market. The next time you'll experience prices like we saw in 2006 will probably be in 2012. If you can wait that long, then stay where you are. If you can't, MAKE your move right now before interest rates go up.
Paul Aragon is a top rated licensed realtor in the Northern Los Angeles County. He can be contacted at (818) 528-4410 and welcomes questions from all real estate owners, buyers, and investors. He can be reached at
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved