Happy 2009!

It is not safe to say Happy Days Are Here Again but in our local real estate market we are seeing signs making us optimistic!

If a house is priced right and if it is priced under $600,000 there is a good chance it will sell sooner rather than later! The inventory of unsold homes in Pleasant Hill sits at 52 as January comes to an end. About 20 went pending in January; at that rate we have less than 3 months inventory. That is a sign of an even market. Of course it is early in the year and many sellers have yet to put their homes on the market. As a matter of fact we are taking lots of calls from folks getting ready to sell soon this year, even later in the year so we anticipate inventory will rise steadily. But the interest rates on the loan products offered to well qualified buyers are really low now and those folks are anxious to buy, to take advantage of the low rates, so they are taking a serioius look at every new listing. If they find it priced right, if it is in their price range, they will make an offer and some houses are selling in less than a week! So if you are a buyer, get your loan pre-approved so you too can go shopping for your dream home, and if you are a seller, get your house on the market while inventory remains low and you have the opportunity to sell it with less competition.

Over $600,000 the market for sellers is way more sluggish; we hope this too loosens up.

Call us at 925-676-5859 for a free market analysis of YOUR house! Or for referral to a really good mortgage broker or bank lender who will get you approved so you can take advantage of the really low interest rates!