Blossom Valley Homes have seen a Summer Bump!
September 16th, 2009
Today, many more first-time home buyers are calling the Blossom Valley area home after this last summer. Many were able to take advantage of the government incentives to get into a Blossom Valley condo as well. This has helped the area tremendously as we see that the areas prices are starting to level off.
Over the summer homes for sale in Blossom Valley area were experiencing multiple offers. Not something new to this area but certainly new for the last 2 years. A trend this does not make as the summer buying season is about to end and many potential buyers get a “wait and see” attitude towards a home purchase. Who really wants to move homes during Thanksgiving or Christmas? And, many family’s have enrolled their kids in their old schools with their old friends.
At this time the area is experiencing just a flat line in home pricing even though this is typically the time that home prices would increase. We expect to not see an increase in values for a little while but it would be great if the area could keep the values through out the holidays.
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart each week by signing up to get the weekly report for the Blossom Valley Zip Code 95123.
