February Real Estate
The market is "normal."
In December there were 10 homes closed, and while the December and January markets were cool -- the market is always cool in December and January.
Beginning in the first week of February, traffic picked up -- and more importantly the Buyers were asking the right questions. It is fairly easy to spot serious Buyers during an Open House because they are asking about the interest rates, the CC&Rs, traffic patterns, microclimates, neighbors, etc. (In effect, they ask the kind of questions that outside agents seldom know the answer to...)
Our terrific February weather has added to the interest -- our market gets pretty sparse during cold weather. There has been some good information in the North County Times -- our Zip Code gained 4% during the December 2004-December 2005 time frame, which certainly does not indicate a "bubble."
Buyers do not like to buy into a decreasing market -- they hate the thought of purchasing a home and having it worth less in six months.
They would rather have stability.
Different Zip Codes showed different results...92128 (Rancho Bernardo lost 1% -- but that is also a sign of stability.
In December there were 10 homes closed, and while the December and January markets were cool -- the market is always cool in December and January.
Beginning in the first week of February, traffic picked up -- and more importantly the Buyers were asking the right questions. It is fairly easy to spot serious Buyers during an Open House because they are asking about the interest rates, the CC&Rs, traffic patterns, microclimates, neighbors, etc. (In effect, they ask the kind of questions that outside agents seldom know the answer to...)
Our terrific February weather has added to the interest -- our market gets pretty sparse during cold weather. There has been some good information in the North County Times -- our Zip Code gained 4% during the December 2004-December 2005 time frame, which certainly does not indicate a "bubble."
Buyers do not like to buy into a decreasing market -- they hate the thought of purchasing a home and having it worth less in six months.
They would rather have stability.
Different Zip Codes showed different results...92128 (Rancho Bernardo lost 1% -- but that is also a sign of stability.
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