Rock bottom prices!

By
Real Estate Agent with Marvin Gardens Real Estate 01271748

Lately I have seen a flurry of homes coming onto the market and selling right away even in the deepest places in Contra Costa County where I usually never go.  I have been showing houses in Rodeo and writing offers and even there it is a mad rush to get your offer accepted!! Yes prices are a lot lower than anywhere else in Contra Costa but wow within a couple of days competition gets stiff for a chance to sell a home and some with squatters included!!  Prices have been climbing back up since February and on that note I received 2 emails from buyers who said that they had missed their chances at buying a home!  No wait!! that means that prices have reached rock bottom and now is the best time to buy before prices reach an all-time high again! (if they ever do).  We are at the bottom of the wave right now and even if a buyer pays $2000 more at most than his neighbors it will make no difference when the next neighbors pay $200,000 more than them!!  Are buyers becoming really picky or having delusions of grandeur?  I have definitely seen more champagne taste on beer budget than ever before.  This is a buyer's market but it will never be the old days of buyers market where buyers could demand anything.  If you are dealing with banks just getting the house at a good deal is good enough, bad as it is that is the way it works.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California Contra Costa County
Tags:
bay area bottom of the market

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
267,044
Dave Roberts
Healdsburg Sotheby's International Realty - Healdsburg, CA

I heard from friends that Vallejo and Benicia were turning the corner and that the good old days of great deals are over. We're seeing in Sonoma County the same thing you talked about that the bottom of the market probably happened in late February. Good luck educating your buyers about the advantages of getting a house over not getting a house.

May 27, 2009 09:46 PM #1
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pencil to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
7,355

Catherine Krueger

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: