My New Blog

Are you thinking of buying a home?  Are you waiting for the perfect time?  If so that time may have arrived.  Large Inventory and fewer buyers has created a BUYER'S MARKET here in Hidden Valley Lake. 

Active residential homes currently on the market-212.

Asking prices range from $199,000-$995,000.

Current Median ASKING PRICE-$365,000. 

Current Average ASKING PRICE-$391,212.

40 Sold properties in the last three months from May 1st to August 24, 2007.

Median ASKING PRICE of those SOLD properties-$333,500.

Average ASKING PRICE of those SOLD properties-$351,701.

Median SOLD PRICE-$317,375.  AVERAGE SOLD PRICE-$342,156.

Contingent Homes-2

Pending Homes-5

24.5% of Current Inventory is 2006/2007 built.

Days on Market Ranges from 0-485.

Square footage ranges from 900 to 5000.

Number of Bedrooms ranges from 2-5.

Make your appointment now to tour this awesome community.  The time is right to buy your first time home, your investment home, your dream home, your water front home, your golf course home, your lakeview home or your mountain view home!  Whatever you are looking for you can find it here in the gated community of Hidden Valley Lake. 

Call me now!

One of the free services that I offer is a list of what has sold in the last three months in any area of Lake County.  If you are curious about what property has sold for in a particular area just go to the "Contact Me" section of my site and leave me your contact information.  Let me know specifically what area of Lake County you are interested in and what type of property (residential or land). 

I do look forward to assisting you with your Real Estate needs.

What Will It Take For Buyers To Start Buying Again?

Can someone tell me what will make buyers start buying again?  As a REALTOR® I guess I need some help understanding.  I am looking from the perspective that the perfect circumstances have arrived.  However buyer's seem to be dragging their feet.

It is a "buyer's market" in terms of price and inventory.  Interest rates are still lower than they were when I bought nine years ago.  They are however on the rise which should make people want to get in before they go up and yet REALTOR'S® phones aren't ringing.

Do buyer's think that prices are going to go lower?  If they do go lower but interest rates go up higher don't they understand that they will qualify for less of a price?  How do we as REALTOR'S make them understand that not only do they qualify for less but it will cost them more?

People talk about this "bubble" and how the "bubble" has burst.  The funny thing is that I have never believed in this "bubble."  I believe that we the people decide if the "bubble" does or doesn't burst based on our actions.  If we choose to stop buying because the media SUGGESTS it to us then of course the "bubble" is going to burst and we only hurt ourselves.  But if we choose to ignore the media (whose REAL ESTATE information is rarely correct or pertinent to our market) and continue to buy and sell then the "bubble" can only get bigger.  

If you are a buyer or a fellow REALTOR® and you have some words of wisdom I would really love to hear them.  Please help me understand what is holding people back.