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Keep your pulse on real estate market trends by reviewing the monthly real estate reports issued by Prudential California Real Estate. With a committment to educating our clients so that they can make the best decision when purchasing a home in the Laguna Beach Homes market as well as the Coastal Communities of Southern Orange County, Hillary Caston and her team provide these reports for your consideration:
October, 2009: Heated First-Time Buyer Market Changes Strategies for Buyers and Sellers
"US home prices are up two months in a row...In California, Home sales volume increased 12% in July compared with the same period a year ago...July 2009 sales prices in the state declined by 19.6% to a median of $285,480, compared to $355,00 in July 2008."
Read the October report to discover:
Advice for Buyers: Cash buyers are making it difficult for other buyers to compete in certain price ranges. Discover tips to get your offer accepted.
Advice for Sellers: Homes in many prices ranges below $750,000 are attracting the most qualified buyers the market has seen in years. However, it's still a tale of two markets - those priced below $750K and those priced above $900K.
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