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Micki O'Toole
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THE 10 REASONS WHY
1. Four licensed REALTORS® are better than one overworked, stressed out agent any day. Since the four of us do the work of an entire ... show more
1. Four licensed REALTORS® are better than one overworked, stressed out agent any day. Since the four of us do the work of an entire ... show more
Micki O'Toole answered:
Hi Alex and thank you for your question.
I have clients purchasing in San Bernardino as well, and truthfully we are seeing houses going for much more. It all depends on what area of San Bernardino you are looking in. Out by Cal State it is not uncommon for homes to sell above $150,000. In other areas it is very common to see houses priced at $50,000 and even below. You also have to take into consideration the condition of the property as a lot of these need serious repairs.
Needless to say, there are definately good investment opportunities to be had in San Bernardino.
And as Dan pointed out, prices could indeed go lower, but with the high pent-up demand right now, and banks trickling their inventory into the market I don't think it's highly likely at this point in time.
All my best,
Micki
I have clients purchasing in San Bernardino as well, and truthfully we are seeing houses going for much more. It all depends on what area of San Bernardino you are looking in. Out by Cal State it is not uncommon for homes to sell above $150,000. In other areas it is very common to see houses priced at $50,000 and even below. You also have to take into consideration the condition of the property as a lot of these need serious repairs.
Needless to say, there are definately good investment opportunities to be had in San Bernardino.
And as Dan pointed out, prices could indeed go lower, but with the high pent-up demand right now, and banks trickling their inventory into the market I don't think it's highly likely at this point in time.
All my best,
Micki
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