Archive for April, 2009

Local Markets

Thursday, April 2nd, 2009

Hi There,

We’ll we are in an interesting market indeed. We have had a smattering of sales locally homes and condos selling anywhere from 10 to 35 percent from the highest levels in 2008 before the correction which started in the fourth quarter of last year. We have seen five months of a mostly frozen market and increasing inventory, and we are now seeing some signs of life with more buyers returning . Being on the westside and close to the beach has helped our values hold up the best and the longest. There are some good deals on properties out there and some realistic sellers that are getting offers. Loans are taking longer to get approvals but are still getting done. We are looking  forward to continued success this year and helping buyers and sellers fulfill their needs… 

Best

Ty