I am on this mailing list and am including their contact info as a courtesy. This is not an endorsement of them. Btw, from what we saw this summer, I agree with their statement that about half the properties on the market are completely unrealistically priced! Said the woman who just majorly deflated the comps in her new neighborhood.
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Tracie Kersten and Ryan Mathys
Profund Financial and Real Estate
Phone: 858-405-4004Email: ryan@profundrealestate.com
Website: www.profundrealestate.com
Hello,
We hope you had a great Halloween as we now start off the Holiday Season! Activity in the market the last few weeks has picked up a little bit, but overall pretty typical of the season. The last part of the year is usually busy for Tracie and I as this is the time of year that filters out the passive buyers and sellers and leaves the active players in the game. This year seems to be shaping up the same way.
As for inventory, it is increasing slightly but still turning over. It can be misleading for buyers because even with 13,000+ listings is takes patience and persistence to find the right opportunity. Below is my non-statistical, in the market every day assessment.
13,000 + Listings
6,500 are overpriced, not motivated and unrealistic sellers that are dreaming.
3,500 are perpetual short sales, loan mods, foreclosure stall tactics and not relevant inventory even if buyers want to buy them.
3,000 are available, realistic and tangible properties. Spread these across the entire county and there are few good deals in each neighborhood to be had. Hence the need to be active, patient and persistent in your home search. You also need to be working with an agent that is active with you in your search and can help you filter the noise...
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