It seems everywhere we look, there's more bad news about the real estate market. But, reading some of your blogs, it seems the market is doing just fine. I'm not an economist and I really don't know how to crunch numbers, but here are some interesting facts about the Humboldt County, California market.
The median price used to be $377,159 in March 2006
Last September brought the number down to $358,767
Last February the number was down to $343887
But, now last month, we jumped back up to 346,219! It now appears we have the lowest priced ocean front/view properties in the state for under $1,000,000!
There is a 3500 sq. ft. home high on the hill with bay and ocean views for only $487500!!
So, how's your market?
John, our numbers are definitely improving noticeably since January. While our active listings as of yesterday were 55,496 and 7098 pending, there were only 3,897 pending. It might take through the end of this year to be really good, but even the news media tells us it is improving. Just a typical cyclical trend. ;-)