Is consumer confidence back up in the Real Estate Market?
Interesting question… It is up to you the consumer to decide for yourself if the information you perceive is true and correct no matter what the source of information is and then act upon it accordingly. Think about this for a minute… Have you ever had a friend or a relative (you know the know it all of the group) tell you something that just blew your mind only to find out the story/information was a little off? Me too!
I decided to check the facts this morning and made this chart for you… This chart was based off of all sales found on the MLS separated by county. Dates used were Jan 1st 2008 to May 10th 2008 and did the same dates for 2009 and on average there is an increase of sold homes by about 65%.
# of Homes sold
Los Angeles 2008 15,101 vs. 2009 19,064
Orange 2008 6,265 vs. 2009 8,325
San Bernardino 2008 3,544 vs. 2009 8,141
Riverside 2008 6,493 vs. 2009 12,834
Overall there has been a 65% increase of sold homes...
What does this mean for a buyer? Is it time to buy? Does it mean now is the bottom of the market? Does it mean you have to align yourself with a Realtor who thinks outside of the box? I would.
What does it mean for you as a seller? Does this mean you can sell your home? What is the next step? Do you need a realtor the 5 Step Home Team would like a chance to earn your business.
If you’re ready for some real facts about buying, selling, or investing in this market... call the 5 Step Home Team… We are here to help you make an informed decision.
Melissa, Kendra, Chip, and Antoniette
714-720-2555
Sunday, May 10, 2009
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