We have seen that Marina historically has hot and cold zones and areas where houses are likely to sell within a time window. There are some deals currently in the Reindollar and Cresent areas that you should look into. We have also seen that many Marina properties have the tendency to hold their market values better than other local cities but please be advised that the average home prices will have the propensity to decrease when more foreclosure homes flood the market, despite some of the price increases now due to investors and buyers putting in bids. Though I believe Seaside, Salinas, and a few other pockets will bear a larger burden of the new foreclosures that are coming and creating an average downward price trend, you can certainly find some great deals in Marina if you keep looking. You can take advantage of interest rates right now while they are still relatively low, and you have to be aware you may find better deals price wise in 6-12 months even with slightly higher fixed rates. Hope this has been helpful and good luck searching.

It's a mixed bag. Certain hot neighborhoods are selling right away. Other nice homes scattered around are lingering. I've held open houses in Marina recently and there are plenty of buyers out looking in that price range. Even short sales are getting multiple offers. To be honest with you, I'd really like to represent some more sellers in Marina. It traditionally has lower inventory with high buyer interest.

I'm also asking my buyers in that price range to check out Oak Hills. I've put people into nice homes there at 400k and some are going in the mid 300s.