George Langford's Blog

Thursday, November 19, 2009

Bay Area Real Estate Makes A Comeback!


Bay Area home prices have begun to rise from the depth of a 3 year slump. Homes are now selling for 3.8% more.

Prices on bank owned properties are driving the market. There was an 11% surge in home sales over $500,000. We are now seeing multiple offers and homes going for over asking price.

Inventory of homes is about 50% less than a year ago. Buyers seem to have confidence that the market has hit bottom and are taking action.


If you would like a market analysis on homes in your area please feel free to contact me and I will provide a detailed FREE report.

To watch a full report click on link! http://abclocal.go.com/kgo/video?id=6982902

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