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Updated almost 12 years ago on . Most recent reply
- Realtor, General Contractor, and Developer
- Redding, CA & Bend OR
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Southern California
The market in southern California is definitely hot, and now the competition for those infill lots is heavy! Sometimes I wish we'd moved to Texas! http://www.renaissancecapital.com/ipohome/news/California-homebuilder-City-Ventures-files-for-a-$150-million-IPO-14931.html
Do any of you have this in your area?
- Karen Margrave
Most Popular Reply
Karen Margrave I hear ya sister! Its a little too hot honestly. Its making it really hard to find motivated sellers. Everyone thinks they are sitting on gold. But with interest rates increasing, affordability is going down. Lending standards are still strict, so I overall I think its going to slow down in the winter. Its going to be a hot summer though!!! My condo in Laguna Niguel goes on the market this week, at the time I bought it I though ARV was $250-265. Now we are thinking more $300K. That big a jump in a matter of 4 months!