It would appear that looking into our rear view mirrors, we can now see that the 4th Quarter of 2011 was very likely the “bottom” of our local real estate market. Consistent housing reports continue to support that fact that our local price/sf is going up and in many different price points. Most notably, the entry level homes which are approximately $200,000 and below. Sellers are moving back into the drivers seats!
Low Inventory is the number one factor behind this price/sf increase in all price points except perhaps, the Luxury homes. Even in the luxurry home market however, the homes with the most desireable orientation (for maximum sun), great views and homes in good condition are selling. Buyers appear less cautious and Sellers appear more realistic in their prices if they want to sell. [Read more…]












