Cynthia 's Blog

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Signs of Improvement in Real Estate Market! Yeah!

California home sales were up 26.5% in March according to Data Quick news. Although a jump in sales from Feb to March is normal for the season, last month sales were the strongest since 2007!

Distressed sales (foreclosures and short sales) continue to make up more than half of California resale market. Of these 32.5 were foreclosed properties and this was the lowest since Jan 2008. The all time high for foreclosures was February 2009 with 58.5%.

 

Comment balloon 1 commentCynthia Fleming • April 24 2012 02:42PM

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Hmmm...good news, although the uptick seems to be in entry level residential category?   Am looking for sales of undeveloped land and upper tier price points...then we know we're in a different market trend.

Posted by Li Read, Caring expertise...knowledge for you! (Sea to Sky Premier Properties (Salt Spring)) over 6 years ago

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