Swarren, Home Seller in

Are home values and sales going up or down for the Redwood City neighborhood on streets Central, Bonita,?

Asked by Swarren, Thu Jun 5, 2008

Nueva, Carlos? Changing neighborhood to better or worse?

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3
Cliff Keith~Cal BRE #00605874’s answer
That particular area in a down trend market. It still is a strong area for housing it just takes longer for properties to sell in your neighborhood. Prices are also down. If you can hold out for a year you will do better. This market too will pass.
1 vote Thank Flag Link Thu Jun 5, 2008
BEST ANSWER
Swarren,

The listings in the areas indicating that the houses price are going down. More over there are some Bank own properties (houses that banks took back from borrowers that were in default on mortgages). and Banks will take a lesser price than regular seller. In addition there are some "Short Sale" listings where the sellers are offering properties for sale for less that their loan(s) amount.
I hopeI was able to answer your question.

gene
www'gemconsultants.net
1 vote Thank Flag Link Thu Jun 5, 2008
Thank you so much for your time and expertise.
0 votes Thank Flag Link Thu Jun 5, 2008
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