Signs of the Real Estate Market Changing?

Years ago, at the height of the market, there was a surge of investors and contractors¬†purchasing and ‘flipping’ houses in record amounts.

Now, as the market is seeing an increase in the number of home sales, we are also seeing a rising trend of foreclosed/distressed properties being purchased and then sold just months, or years later.

This property located in Mill Valley on Stadium Way was acquired a few years ago as a bank owned property and is now in contract, list price $699,000.  The sale price in 2009:$460,750

 

This is surely a sign that the market is turning, although it is unlikely that investors/contractors will be able to flip houses at the rapid rate they were a few years ago. Only time will tell..

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10

04 2012

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