Real Estate Information Archive

Blog

Displaying blog entries 1-3 of 3

Home Values drop just as we predicted

by Southern Californias Top Producing Mother & Son Te

Last month we created a video predicting what we thought was going to take place in 2016 in regards to real estate.  Chris talked about and used graphs to explain a trend that was seen through data generated by SoCal MLS reports.  It looks like what we saw in prior years is occurring once again to start out 2016 just as we thought.  The average sales price for Jan 2016 came in at $533,908.  That’s a bit lower from the previous month which was $550,447.  January of 2015 had an average sales price of $487,742 which gives us an 8.6% increase in home values in Downey and surrounding areas in a years time!  Considering that home values have already gone up significantly since 2010 this is great for the real estate market.  Just looking at this graph which shows a 4 year history we are already almost 30% above home values from Jan, 2012. 

Please don’t be scared if you are thinking that we are headed for a downturn similar to what occurred in 2007/2008.  There’s a major difference in the way loans were originated then, compared to now.  In today’s market loans are much more legitimate being funded only by strictly verifying income qualifications.  There aren’t any more stated income and no doc loans out there these days.  That doesn’t mean that we are never going to see a down turn though.   Experts are saying that we have another 3-4 years of a steady real estate market before we see some sort of shift.  So for you sellers out there, take advantage of these times where buyers can qualify to purchase your home with a low down payment and low interest rate! 

We hope that this info helps you make a decision with either buying or selling an real estate.  We’d love to serve you! 

#1 in Berkshire Hathaway California Properties - Mulhearn Realtors Network

by Southern Californias Top Producing Mother & Son Te

For Sale Over Half an Acre - Drone Footage - Downey

by Southern Californias Top Producing Mother & Son Te

We are always thinking outside the box so what better way to present our newest listing with over a half acre of land than with a DJI drone video with aerial shots of the entire property.  Let us know what you think!  

Displaying blog entries 1-3 of 3

Syndication

Categories

Archives

Share This Page

Contact Information

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