Buyer’s struggle to Find affordable housing/#1 in the company/March 2018 Market update
We read an interesting article in the OCRegister.com. Specifically it was talking about Southern California Real Estate being over valued. There’s no doubt that real estate has skyrocketed since 2010 and the real question is, is there true value that will hold if you were to purchase home in SoCal? If you’re interested in the article you can read it here… https://www.ocregister.com/2017/12/10/southern-california-homes-overvalued-appraisers-suggest-yes/
As far as what we are seeing locally in our market of Downey and surrounding cities, real estate is booming and there aren’t enough homes for buyers to purchase. In the price range of $450,000-$550,000 there are multiple offers and we’re seeing buyers struggle to get their offers accepted. It is in these price points that we are seeing bidding wars on and it makes sense because there are more buyers in these prices than there are above $600,000.
#1 in Our Company:
As far as our business is concerned, the Mother & Son Real Estate Team is having an incredible start to 2018. Year to date through Feb we are #1 in our company of over 1,800 teams and agents! We’re first and foremost thankful to all of our past and current clients. We couldn’t accomplish what we have, breaking all time records if it wasn’t for you all.
The fact that we are having a record breaking year in sales volume is evidence that the real estate market in South East Los Angeles and North Orange Counties has not let up… Thank you all and please allow us to serve your friends and family. We love referrals!
Buyer’s struggle to Find affordable housing/#1 in the company/March 2018 Market update
We read an interesting article in the OCRegister.com. Specifically it was talking about Southern California Real Estate being over valued. There’s no doubt that real estate has skyrocketed since 2010 and the real question is, is there true value that will hold if you were to purchase home in SoCal? If you’re interested in the article you can read it here… https://www.ocregister.com/2017/12/10/southern-california-homes-overvalued-appraisers-suggest-yes/
As far as what we are seeing locally in our market of Downey and surrounding cities, real estate is booming and there aren’t enough homes for buyers to purchase. In the price range of $450,000-$550,000 there are multiple offers and we’re seeing buyers struggle to get their offers accepted. It is in these price points that we are seeing bidding wars on and it makes sense because there are more buyers in these prices than there are above $600,000.
#1 in Our Company:
As far as our business is concerned, the Mother & Son Real Estate Team is having an incredible start to 2018. Year to date through Feb we are #1 in our company of over 1,800 teams and agents! We’re first and foremost thankful to all of our past and current clients. We couldn’t accomplish what we have, breaking all time records if it wasn’t for you all.
The fact that we are having a record breaking year in sales volume is evidence that the real estate market in South East Los Angeles and North Orange Counties has not let up… Thank you all and please allow us to serve your friends and family. We love referrals!
