I know from reading blogs from agents in other markets that not all real estate markets are experiencing the same issues right now. My market, Del Norte County, is a textbook example of what Cliff Rossi is discussing in this video, large inventory, declining prices, large foreclosure and short sale inventory, long days on market for upper end inventory, etc. I agree with his assessment of what we can expect in 2011 for sales in Del Norte County and yes, it is definitely a buyers market.
Thank you for stopping by. Your comments on this post are welcomed and appreciated.
No one sold more homes in Del Norte County in 2009, 2010 and 2011--*in units sold and volume--than Fran Gatti. Put Fran to work for you!
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Fran - While our rate of foreclosure is high here locally, the amount of bank-owned and unlisted inventory is staggering! Listings are still drawing multiple offers ... but appraisal issues are keeping the prices in check. Nest year ... looks like it may be a whole new ball game. We were where you are now ... watch what happens here ... it may very well be the advantage you need to remain on the cutting edge next year!
Have a great holiday - and thanks for all your contributions to the community both in your marketplace and on ActiveRain.
Happy Holidays to you and yours. I thank you kindly for all or the great information that you have provided throughout the year.