California Short Sales, Foreclosures, REOs Los Angeles, San Diego, Riverside & Orange County Short-Sales Listings

27 Nov 08 San Diego Real Estate Market Update

According to California realtor, Suzanne Hefni-Pyle, the San Diego housing market is displaying signs of revival as home-buyer activity increases. Now in 2008, the markets have finally adjusted down in prices close to 2004. Price ranges under $400,000 are seeing multiple offers coming in, actually driving the sale price higher, in some cases as much as $20,000 over the original listed prices. They tend to be on bank-owned and short sale California properties. The standard listed properties are where Suzanne reported finding a tremendous savings negotiated down from the asking price for our buyer clients.

The high end market of $900,000 and up price ranges continue to soften, because the jumbo mortgage loan guidelines continue to worsen. It remains a “great buy” and likely has room for more negotiating, to attain a property that has adjusted down to 2004 prices. This current market has provided more inventories sitting on the market longer than ever, or recent years past, creating this great buyers market. Now, with the rising inventory of foreclosure homes, it is amazing some of the price reductions out there. If you would like a search to the MLS, you can do on your own anytime, change your search criteria anytime, search 24/7 or, contact me and I will get your account up and running today, to see for yourself, the abundance of home inventories to choose from right now in San Diego County.

Suzanne offers a free search customized by your needs: Search by, foreclosure, short sale and bank-owned properties, luxury Homes, ocean-front, ocean view homes, condos, townhomes, vacation homes, ranches, equestrian homes and more.