Market Update
Hot Topics
Foreclosures
According to RealtyTrac, 1 out of every 240 homes for sale in Redding is in foreclosure.
Banks are more likely to work with a seller on a short sale than EVER before, and we know how to get them approved! (Refer us!)
Interest rates
Rates are still hovering around 5.25%. How long will it last? We have been discussing some trends that have been discovered and know where to find the best rates!
Inventory
It has been Dropping! In a normal market, which does not last long (usually 2-3 years), the inventory of homes is around 5-7 months. Anything under a 5 months supply, usually means a sellers market. Anything over a 7 month supply is usually a buyers market.
Currently we are right at a 7 month supply of homes and it is dropping!
Investment
There are some real bargains out there. The smart investors know where to find them and we can help. These deep discounts will not last forever. 10%+ returns are not uncommon anymore, and we know where to find them. If you have not seen Josh’s Ideal Investment Opportunity worksheet call for a copy today!
Are homes selling in this market?
Yes, Yes they are!
· In the last 30 days nearly 200 homes have sold
· The largest number of sales is in the $200k — $300k price range
· The average sales price in the market is approx $200,000
· The average days on the market has been 90-120 days
· Year to date, Josh and his team have sold and pended more than 100 homes
Who do you know that needs to buy or sell a home?
A referral is when you send some one you care about, to someone you trust
· You can count on us to provide our very best advice to those you care about.
· We will ensure your friends and family receive the end result they desire.
· We believe that the service they receive must be a positive reflection on you.
· Year to date, We have received more than 75 referrals from people like you!
