MARCH NORTH COUNTRY REAL ESTATE STATISTICS

- Sales of all Northern SLO County real estate increased an impressive 23% in March over February of this year. The 1st quarter of this year also shows sales up 12% over the 1st quarter of last year. Pending sales (properties in escrow) are down 5% from February and there is now 9% less properties for sale then there was a year ago at this time.

New Record for Highest Price ever Paid for a Home!

Only in California and only in Silicon Valley do these things happen today!.  Go to http://online.wsj.com/article/SB10001424052748704530204576233170859101198.html?mod=WSJ_RealEstate_LEADTopNews

New Record for All Cash Sales

RECORD NUMBER OF ALL CASH SALES - In January over 30% of all homes sold in California were all cash sales. To see why, go to http://www.dqnews.com/Articles/2011/News/California/CashSales/CACash110228.aspx

FEBRUARY 2011 NORTH COUNTY REAL ESTATE STATS

- Sales were down 11% in February from January but that is normal as February closed escrows depend on December openings which is the slowest time of year. 2/11 sales are up 19% over same month in 2010 and the 1st 2 months of 2011 are up 22% over the same time last year. ...

Pending Home Sales up statewide for the 1st Part of the Year

 The entire state is seeing what we are here. An increase in properties going into escrow. Go to http://www.inman.com/news/2011/02/23/pending-california-real-estate-sales-bode-well-spring

Bright spot for mortgages: Missed payments ease-

"That, according to Michael Fratantoni, vice president of research and economics for the MBA, was very welcome news. "I think we've turned the corner as concerned with loans 30 days late," he said. "It indicates that the economy has improved." To see the rest of the art...icle - go to http://money.cnn.com/2011/02/17/real_estate/delinquency_rate_falls/index.htm

JANUARY 2011 NORTH COUNTY REAL ESTATE STATISTICS

-We are off to a much better start this year.  Closed escrows for last month were a full 24% higher then for the same month in 2010 and there are also 5% more homes in escrow last month then for the same time last year.   Inventory is also down app. 5% then it was in January of 2010.