AUGUST NORTH COUNTY REAL ESTATE STATISTICS-

Sales of all North County real estate types increased 4% in August over July  and also up 4% over August  of last year. The first 8 months of the year are also up 10% for the same time period in 2011. Properties in escrow are almost virtually identical for August vs. July and up 4% from the same month in 2011 . Active listings on the market are up 3 % from July and also down 25% ! from the same time last year. Things are still on a solid and improving basis for this year.

Another Bright Light for Home Buyers

-- Besides lower home prices and extremely low interest rates at the present time, there is another big advantage for today's buyers. That is: lower closing costs! Check out this CNN article here

One Owner Financed Sale that Likely Will Never Go to Foreclosure.

.. In the early 1980's current presidential hopeful Mitt Romney invested in Texas real estate and evidently it was not one of his better decisions at the time. However, 

in 1997 he sold one of the houses and carried paper to the new owners and still is. These people could possibly be sending their mortgage check to 1600 Pennsylvania Ave next year. Read the NY times article here

JULY NORTH COUNTY REAL ESTATE STATISTICS-

Sales of all North County real estate types decreased 15% in July  over June but are up 21% over June of last year. The first 7 months of the year are also up 10% for the same time period in 2011. Properties in escrow are up 2% from last month and up 10% over July of 2011. Active listings on the market were down 5 % from June and also down 29% ! from the same time last year. Still a very positive improvement overall in the market and the shorter supply is starting to have it's effect on pricing!