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Home values slightly Down last month!

by Southern Californias Top Producing Mother & Son Te

The numbers are in for the month.  Let’s analyze the graph.  As you know we monitor local market value every month and we are starting to see some changes recently in home values.  This year has been an explosive year in home prices.  Since January of this year home values have jumped 18.27%.  The average sales price of the month of Sept in the Downey and surrounding areas was $436,701.  That’s an amazing leap.  The question is will home values continue to rise at that level?  We are predicting that they will not continue to rise as drastic as they have this year however they will have a steadier, and slower incline. 

When looking at the graph, you see minor adjustments going up one month and slightly lower the following month, but the overall direction when you step back and look at the graph as a whole has been in the upward direction.  It seems that for the month of Sept there has been a minor downward adjustment but in no way should we automatically assume that it’s the end of the home value rise.   As in previous months we could see another jump up in home values. 

We’ll just have to see what takes place.  One thing we are noticing in the last couple of weeks is that sellers have to reduce the price on their homes in order to see any kind of action as far as Offers are concerned.  There are some homes out there that started out a little too high when listed and as a result are having a difficult time getting offers.  Those sellers now have to drop the price on their homes to attract more buyers.  We’ll see if this shows any significant change in home value in the next month.  

Prudential Now Backed by Warren Buffet

by Southern Californias Top Producing Mother & Son Te

As you well know companies go through changes all the time.  It’s that time for Prudential CA Realty.  Prudential CA Realty will now be backed by one of the nation’s top brokerages, Berkshire Hathaway Home Services.  Very soon instead of seeing Prudential CA Realty ads, you will see Berkshire Hathaway Home Services in their place.  This of course is not going to change anything on the client’s end of things.  As you should well know the Mother and Son Team will continue to provide top quality service, providing you with everything you need for all your real estate needs. Yes we will now be a part of a new company but most importantly we are still and will always be a family team! 

We’ll now be a part one of the world’s most admired companies that brings its mark of stability, strength and above all quality. We look forward to providing you this tradition of excellence and quality of service.

A little about the Berkshire Hathaway:  With over 3,200 sales associates in more than 62 offices across Southern California and the Central Coast, Prudential California Realty (now known as Berkshire Hathaway Home Services California Properties) is one of the top five brokerages in the nation. In 2012 agents of the firm closed nearly $11 billion in sales volume and well over 14,000 real estate transactions.

So we thought we’d just let you in on that.  As mentioned above.  Nothing is going to really change on your end of things.  Mother & Son Real Estate, Maria Palacios, Chris Gonzales, and the rest of our team will be ready to sell your home when you are!

 

Mother son Team 

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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