Archive for November, 2010

No New Inventory to Show “Buyers in Waiting”

Thursday, November 25th, 2010

No new properties have hit the housing market in Stone canyon since September 2010. All of our “buyers in waiting” have seen the inventory and are waiting for fresh homes to come on the market.
This holiday season may actually be a great time to take advantage of this depleted inventory!

You May Not Want to Wait Until the Spring to Sell.

Thursday, November 25th, 2010

The number of Sold Homes dropped dramatically. This statistic is misleading in my opinion. The truth of the current market is that inventories in Stone Canyon are extremely low. Demand, however, is quite strong. At this time of year most sellers are reluctant to put their homes on the market, but this might be a bad decision this year. As interest rates rise, buyers are eager to lock in rates, but there are literally no homes for them to buy in this area. We currently have dozens of Stone Canyon buyers in waiting who are watching for new properties. Unfortunately, sellers are afraid to put their homes on the market and are opting to wait until the spring.