This Months Local Real Estate Home Value Report

Tuesday, February 02, 2010

by Southern Californias Top Producing Mother & Son Te

February Real Estate Report

We know that you can get real estate news from so many different avenues this day and age, but as real estate professionals we are able to give you a more concentrated look at sales prices because we can give you local real estate news as opposed to national news.

This month we wanted to provide you with a visual perspective of home values over the past 2 years according to SoCAL MLS figures.

Property values are at there highest since December of 2008. The average sales price in December of 2008 was $333,540. The average sales price for January 2010 (just last month!) was $328,405. That is only a difference of $5,135, or 1.5% from the sales prices that we were seeing over a year ago! When looking a the graph you can clearly tell that this might be the beginning of a steady incline in home values. We won't know for certain until the numbers for February are out so make sure to visit our newsletter next month. If you are considering buying a home, don't wait any longer. This is the best time to buy. You don't want to get stuck buying a home when homes are selling for more than they are now.