There are still so many homes underwater, and another wave of short sale and deed in lieu homes to show up coming soon. Relationships with lenders valued to earn the potential listings.
Some home owners in some areas are experiencing increased value in appreciation on their properties. Listing inventory is still low, we are still seeing high demand and many interested buyer's on the same property which is driving the property values higher with the buyer's who bid higher, resulting still in being countered and bidding again to answer the counters. Only one buyer can earn the winning offer. We need more homes to sell for all the buyer's who qualify to purchase. Some of these buyer's are all cash offers from investors. Values are still even with appreciation the price point values of 2004 and 2005.
In Cali, Half of Homes Sell Above List Price
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