So. California home sales jump 22% in April 2008

By
Real Estate Agent with Windermere Real Estate - Palm Springs CalBRE# 01339266

Home Buyers appear to be coming back to the market in bigger numbers to take advantage of discounted prices.

"Home sales surged 22% in April in Southern California as bargain-hunters bought lower-end homes in areas hardest hit by foreclosures" according to a report by CNN.

Sales of new and resale homes and condos reached 15,615 in April, up from 12,808 in March and the highest monthly total since August, according to DataQuick Information Systems.

This is encouraging news. Prospective Buyers should no longer procrastinate their buying decision, waiting for the market to bottom. If they can afford to purchase now, they should do so.

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Show All Comments
Rainmaker
742,336
Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

Hi Stewart,

I agree, now is a great time to buy.  Have a good day.  Michael A. Caruso

May 19, 2008 04:35 PM #1
Rainmaker
325,145
Esko Kiuru
Bethesda, MD

Stewart,

Those are encouraging numbers for Southern California. Las Vegas area is showing similar activity as prices have dropped considerably and mortgage rates continue to cooperate.

May 19, 2008 04:57 PM #2
Rainer
84,805
Rick Tourgee
Robert Paul Properties, Inc. - Provincetown, MA
Provincetown and Cape Cod

For sure, this is the time to buy.  I explain to Buyers that nobody knows where the bottom is until prices turn back up.  Then, the Buyers could end up paying more!

May 21, 2008 04:55 AM #4
Rainmaker
475,888
Palm Springs Realtor Stewart Penn
Windermere Real Estate - Palm Springs - Palm Springs, CA
Windermere Real Estate - Associate Broker

A number of new buyers appear to be looking for property in the areas I work. An encouraging sign!

May 25, 2008 09:29 PM #5
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Rainmaker
475,888

Palm Springs Realtor Stewart Penn

Windermere Real Estate - Associate Broker
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