November 23, 2008

Santa Cruz – East Bay Real Estate Markets

I was talking to a few real estate agent friends that I know from Santa Cruz county last week about the market in northern California. They informed me that the Santa Cruz real estate market is taking a hit like the rest of California. It was not as bad as cities in southern California like San Diego, but the prices last quarter fell dramatically because of the amount of foreclosures.

I know a few agents that work the East Bay real estate market in Berkeley, Pleasanton, Livermore and other surrounding areas. They pretty much reported the same thing. Agents in both areas did let me know that the amount of sales rose last month. Which is great news, if the amount of sales continue to rise that will reduce the supply of homes and hopefully stabilize the home prices.

Even though Hawaii is a different market than the mainland. It is good to watch the markets on the mainland to see what the over all real estate market and economy is doing.