Hello!
Lately I've noticed a slow down in short sales getting approved and new REO listings. Inventory has decreased in the Thousand Oaks area with the attractive agressively priced homes less than $600,000 selling quite fast sometimes with multiple offers. Based on what I've learned it seems like there is a build up of inventory that will be hitting the market first quarter...kind of like a dam filling up. The new listings combined with the drop in interest rates should stimulate more buying activity. As a result, I recommend that investors and buyers do the following:
If what you like is not available now, there's a good chance it will be in a couple months. Be ready to act. The market will probably start moving and a quicker pace and fast sound decisions will need to be made.
-Andrea
Helping buyers and sellers in: Moorpark, Simi Valley, Thousand Oaks, Newbury Park, Westlake Village, Camarillo, Agoura Hills, and West San Fernando Valley
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