If you are in my business (or any related business for that matter) your ear has been tuned well to pick up any chatter of real estate market activity. Some of the coffee shop talk that I have found myself in lately has been aimed at the seepage of information coming from Southern California about the jump in home sales from August to September. The real estate boom that we experienced in the first half of this decade was tied closely to the California market…as was the real estate slowdown. Many times over I have customers contact me from various parts of the West declaring they are going to buy in Pagosa whenever they sell in…fill in the blank.
The most recent uptick in the markets out here in the West has not made a lot of press as of yet. It is still too early to say “the market is changing”. (no one wants to risk crying wolf) One thing is becoming apparant – CASH investors are dipping their toes in the water, and testing the new lows. Pat Kitano has outlined some of these resourvces in one of his recent posts.
One of my sources, recently let me know that Pagosa has seen about a 66% increase in foreclosures in 2008 compared to 2007. As a Realtor® one of the more frequent inquires that I am getting is about new foreclosures in our market. in response to this, I have provided a way to automatically e-mail my customers and clients foreclosure properties as soon as they become available on the market.
If you are interested in getting foreclosures E-mailed to you when they become available on the market, join my E-mail list below, and when prompted choose the “Foreclosure Information” option.