What is next for the real estate market considering some of the pressure we are seeing in the stock market and world economies? In every market, good and downturn, we can find the opportunity for a safe investment. That could be interest income preservation or equity long term and short term placement. It appears that the consumer is fleeing to real estate as a safe house position.

Listing inventory has climbed to record highs in recent months. As a result, we have seen a run on pent up demand where buyers have been patiently waiting for the right opportunity. Listing inventory was up 44 percent over January 2009 and, in response, new pending sales increased almost 304 percent over month-to-month statistics from March 2010 to April 2010 in Orange County. In fact, this takes the inventory of remaining unsold in April to an almost negative number.

Meanwhile, the high-end markets have rebounded. Our thermometer is the secondary market or second/vacation home index. Sales of second or vacation home resorts or areas have seen modest adjustments in the high-end, where 12 months ago there were little to no sales to mention. Twenty percent of the local desert market has been in upper tier real estate with a single home selling for as high as $10 million, sold by the Coldwell Banker Indian Wells office.

Contact your local Coldwell Banker sales associate to gather more information about the areas you are researching by visiting www.CaMoves.com and www.OCViewOnline.com.

This entry was posted on Saturday, June 19th, 2010 at 2:38 pm and is filed under Commentary, Market Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.