If you compare the average sale price in May 2005 to July 2007 the results are
showing a stable sale price:
Average Sold Prices increased by 2.3%!
Matt Anzaldo's Opinion:
The home values are going down. Since May the average
home price has increased which is a good sign for real estate
market, right? Not really because most of these homes sold for
less than there asking price or prior sale price. The real estate
market is changing from declining to stable from the "boom" of
2004-2005, the market needs more buyers and less active
listings for the values to increase.
]]>If you compare the total units sold in May 2007 to July 2007 the result:
Total Units Sold increased 20.52%!
Matt Anzaldo's Opinion:
Yes, the Real Estate Market will get better. There are more
home listings therefore more homes are selling which can be a
great sign for real estate agents. Real Estate Agents may have
to show more homes and work harder than they did a couple of
years ago but it seems the number of sold units per month is
increasing which is a positive sign in this real estate market.
]]>If you compare the total number of active listings in May 2007 to July 2007 the result:
Active Listings Have Increased 7.31%!
Matt Anzaldo's Opinion:
Yes, the Real Estate Market in going down. Real Estate Listing
are increasing which in not good for the local housing market.
Buyer's can negotiate the asking price or ask for concessions
that will bring down the selling price of most homes. There are
just too many homes for sell without enough buyers.
]]>