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- Sonora Real Estate Market
Sonora Real Estate Market
Jim Hildreth, "JimHildreth"
Real Estate Agent
View my 6 listings
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In 2004 listing on the market were under 50 and today in August 2007 there are close to 750 listings.
Some say this is a normal market, however the MLS is averaging 3 sales per day and this is a five day week.
Even 30 sales per month it will take years to exhaust the present inventory.
This market surrounds the mother communities and it appears to be a trend in the central valley that includes such communities as Modesto, Stockton, & Sacramento.
Even counties such as Sonoma and Napa have seen a decline.
As a broker for the past 31 years, the key issues in the selling of your property is price, location and marketing.
Another area that may increase the inventory levels is the amount of foreclosure actvity.
Recently I had a conversation with the top agent in Modesto and she stated that an additional 500 bank owned homes will go on the market within 30 day's.
With a buyers market there will be many opportunities, one year ago it was rare in Tuolumne County to find home under $300,000.
We are now seeing homes in the $250,000 range and yesterday I personally listed a mobile in an adult park for $39,500.
Another opportunity are purchasing homes for the rental income as the demand has been steady for the past twenty years.
Jim W Hildreth
Broker Owner RE/Max of Sonora
(209) 536-1103
http://www.jimHildreth.com
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