California Horse 'n Home

Sales Statistics For October and YTD

    People ask all the time what I think about the current market and how long it’s going to be before housing makes a good recovery. If I had a solid answer I could make millions. Everything is just a guesstimate. One thing I know for sure, the market is what it is, and we have to work with it. There are always people looking to sell and people looking to buy, and it‘s my job to do the best I can to put those two groups together. 
    In our area (defined by Thomas Map Guide pages 775 (South of Cajalco Rd), 805 and 806 West of Juniper Rd) we had only two completed sales for the month of October. We had six last year. That is a 67% drop. The two sales for October totaled only $985,000 (one at $610k the other at $375k). Last year the total was $3,657,500. Doing the math on that is not pretty.
    Year to date we’ve seen 23 sales compared to 41 for 2006. That puts us down 44% overall. There are currently three pending sales – two of those are bank owned properties (foreclosures) and are sure to drag our sales prices down.

How Sellers Can Guarantee
Their Listing Expires
Top 10 Reasons Listings Expire

1. Not serious about selling    2. Improper pricing    3. Not listening to your agent    4. Micromanaging the marketing    5. Not staging the property     6. Let Fido run loose    7. Talk to the buyers    8. Sell personal items     9. What's that smell?    10. Avoid feedback  

On A Lighter Note

        A real estate agent had difficulty getting a listing from a customer whose theory concluded, “There is no substitute for experience.” After the prospect asked her a third time how many years she had been in the business, the agent told him: “Sir, there is a little-know historical fact that Moses brought three tablets down from Mt. Sinai. Two were the Ten Commandments, and the other was my real estate license.” 
She got the listing.    

    Until next time, thanks for visiting...

    Mary Jo Placka - Tarbell, Realtors
    951-707-7832