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Possible outcome for home values in 2012

by Southern Californias Top Producing Mother & Son Te

January 2012 Real Estate Report

Wow!  If you are not excited about buying real estate in Downey and surrounding areas after looking at this graph, we don’t know what else we could possibly show you to help you make a decision.  Since the “Bubble” burst, property values slightly rebounded in the spring and early summer of 2010.  Of course, some would argue that the reason for that rebound is because of the tax credit that was being given at that time to those that purchased a home. 

Since September of 2010, you’ll notice that sales prices began their decline once again starting their decline around $322,000 to the current December 2011 average sales value of $300,778.  In 2011, there was a small drop in values of about 3.5% if we look at January 2011’s average sales price and compare it to Decembers average sales price.  So overall there wasn’t too much of a drop in home sales values on 2011 but with news speculation that there are going to be a lot more foreclosed properties in 2012, we may see that downtrend continue as we continue throughout the year. 

We encourage you to please contact us with any questions you may have about the market.  We love to answer questions and educate buyers and sellers on the right move they should make.  We are experts in our market area so please take advantage!    

 

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Photo of The Mother & Son Team - Maria Palacios & Chris Gon Real Estate
The Mother & Son Team - Maria Palacios & Chris Gon
Berkshire Hathaway HomeServices, California Properties
16911 Bellflower Blvd
Bellflower CA 90706
(877) 883-1003
Fax: 562-381-9113