South Bay Vision – Market Update

Encouraging news – The California Association of Realtors held their REALTOR ® EXPO in Anaheim the first week of October. Vice President and Chief Economist, Leslie Appleton-Young reported that with more available homes on the market for sale, California’s housing market will see fewer investors and a return to traditional home buyers as home sales rise modestly and prices flatten out in 2015.

Here in the Beach Cities we are seeing record numbers of homes priced over one million dollars (approximately 30% this year) being purchased with cash. Up from 3.2% 10 years ago at this time.*

Please enjoy. Should your plans include real estate purchase and sales, please call or email with questions – and as always, thanks for your referrals!

To view full sources click >HERE<

Sources:

C.A.R. “2015 California Housing Market Forecast” October 2014

Paul Penzella /LA News Group, Daily Breeze, October 12th