Randy’s

Real Estate Update

Your Aptos & Santa Cruz Specialist

Randy Turnquist

REALTOR

Network Alliance

Real Estate

Aptos, California

(888)496-9655

Toll Free direct

(831)475-1000

Local office

If you're interested in buying or selling real estate,

give me call and experience

"service to your priorities."

Market Comment of 12/06//07

Most definitely a buyers market around the Monterey Bay area.

Nothing very different is happening since my last market update.

We are seeing fewer homes on the market, but this may just be a seasonal trend.

We are seeing foreclosures, in more numbers than anybody would like to see, and that is keeping prices down or declining in some areas.

Don't be mistaken, homes are still selling, and people are still buying, and loans are still getting funded.  

An interesting statistic that I have noticed is that on many of my graphs the median prices, prices for Nov 2007 are above the median price from November of 2006. Not a big number, but an increase is better than a decrease.

If you are interested in discussing your real estate goals or have questions about your situation just give me a call, I'd be glad to discuss all the options.

As I have been tracking the notice of defaults filed, I have noticed they have stopped setting new records, but it's not staying at a low rate either.

If you're interested in more graphs, visit my web site link below. http://www.randyt.com/Graphs/RealEstateStatistics.htm  

Median Price

for homes in the Central County area

Notice Defaults filed weekly in Santa Cruz County.

Notice of defaults rarely go all the way to foreclosure.

Some say this number is an indicator of future market conditions.

For more data and graphs visit my web site www.randyt.com