A quarter to remember - but do we want to?

Posted at 1:21 PM, Apr. 7, 2009

 I was so excited to see the numbers for the first quarter of this year, I couldn't wait any longer! When I saw them, they were unfortunately even worse than I had expected. Myself, and the other agents in this market, have been saying: "Where are the buyers? The inventory is great and so are the prices." Well, they were, and still are, home listening to the news media about how bad things are. Too bad, as only the really observant and astute buyer is going to be taking advantage of buying at the bottom of the market. I am expecting that most of the people that come through this office next year will be saying: "I should have bought last year!"

The 10 people who closed escrow this past quarter and the 9 who have properties in escrow will be the happy buyers. I applaud them for being astute and going ahead with their plans to buy in this great area and not listen to the dower news in the media.

These folks closed, (TARMLS statistics), transactions totaling $1,929,626. Transactions pending close of escrow total $3,325,00. By way of comparison, in 2008 Q1 $6,473,300 closed escrow in 23 transactions.

Yes, I will remember the first quarter of 2009!