Did You Know?….A Few Tidbits about the Fullerton Real Estate Market

Fullerton

Did You Know?….A Few Tidbits about the Fullerton Real Estate Market.

Did You Know?

In February, 2009 there was a total of 316 closed sales in Anaheim, Brea, Fullerton, Placentia and Yorba Linda?
February 2008 only had 160 closed sales in the same area?
Fullerton had 67 closed sales in February 2009 – Avg. Sales price $411,862?
Fullerton had 48 closed sales in February 2008 – Avg. Sales price $579,268?
Fullerton currently has 404 homes for sale – 156 Short Sales and 51 Bank Owned?
Fullerton had 10 Short Sale Listings close in February 2009?
Fullerton had 33 bank owned listings close in February 2009?
First time home buyers can qualify for an $8,000 first-time homebuyer tax credit?
Majority of info provided by the So Cal Multiple listing Service

Though prices in Fullerton are down, starter homes are selling! We are seeing muliple offers so you need to be quick, creative and tenacious to be in the running for your first home…especially if you are dealing with a bank!

On the national average, sales of existing homes declined in January. Inventories fell to a two-year low. According to the National Association of Realtors (NAR), buyers are waiting to see how details of the economic stimulus package will affect them. NAR’s Chief economist Lawrence Yun reports, “The drop in total inventory is an encouraging sign because the number of homes on the market has declined steadily since peaking in July 2008, and inventory is at the lowest level in two years.”

As you and I talk about buying or selling, it is important to understand that location has never been more pertinent to pricing. There are buyers ready to move and popular locations (like Fullerton) ar at the top of their list! If you have questions or concerns, know that I am here to serve your needs.