As you read the title of my blog today, you must be wondering — is she crazy? What DO those numbers mean? They represent the number of single family home and condo sales on a month by month basis beginning in January of this year. Condo sales are in parentheses.
The month of April was a little wild for us. We had a couple of sales, took several listings and were working with a few buyers. It seemed, at times, that we could hardly come up for air. May, thankfully, has been a little more sane but I began to wonder — was April really busy for everyone?
I checked the number of sales for both single family homes & condos since the beginning of the year (in Avondale, Ortega and Riverside only) and found that April was, indeed, a very busy month with a much larger number of sales than the months before or after. You might think that it was because of the end of the first time homebuyer tax incentive but several of the sales were of luxury properties.
January — 13 single family homes sales – 1 condo sale
February — 21 single family sales – 1 condo
March — 16 single family sales – 1 condo sale
April — 25 sales – 2 condo sales
May — 15 sales — 3 condo sales ( through May 25th, 2010)
Interest rates have fallen to incredible lows (below 5% for a 30 years fixed rate loan), investors are back in the market (why not buy with very low prices and very low cost to borrow) and we have some great new listings coming up for the month of June. Stay tuned…let’s see what the numbers next month reveal.
Thanks for reading — if you’re hungry for information about the state of real estate in Avondale, Ortega and Riverside — this is the place to get it! Subscribe to my blog and my posts will arrive (magically) in your inbox!