Quite a Neighborhood!

Think We Have Some Fancy & High Priced Areas in the US?- Move over, Aspen, the Hamptons, Bel Air & Atherton. In London the Brits have one street that takes the cake  - Click on this

Foreclosures Fall for 8 Straight Months

But that is not the whole story--- go to
http://money.cnn.com/2011/06/16/real_estate/foreclosures_housing_market/index.htm?iid=HP_LN

IT'S REAL SIMPLE

 - The real estate and financial industries spend tremendous amounts on acquiring data to study real estate buyer's demographics and when and why people will buy, etc . See what the mountain of all that data comes out to prove .  Go to http://lowes.inman.com/newsletter/2011/06/08/news/144530

MAY NORTH COUNTY REAL ESTATE STATISTICS

- Sales of all North County real estate types increased 9% in May over April and 23% over May of last year! Sales for the 1st 5 months of this year are also now up 15% versus the 1st 5 months of last year. Properties in escrow are up 4% over last month and properties on the market are down 8% when compared to the same time last year. A real increase for this year so far!

Lenders Have to Pony Up Big to Servicemen.

There has been a long time law protecting the rights of servicemen from foreclosure when they are called up to active duty overseas. Unfortunately some mortgage holders ignored it or just were incompetent. Go to http://www.signonsandiego.com/news/2011/may/26/lenders-pay-22m-settlement-military-families/

Lowest Priced & Highest Priced California Counties

-- According to April Statistics, Lake County has the lowest prices, median price of a home there is$98,330. (Must be a lot of Mobile Homes). Highest is Marin County where the median price is now $726,060. Our own SLO county is now $390,180 which is 3.2% less then a year ago in April.

April North County Real Estate Stats

Sales of all North County real estate types increased 3% in April over March. Sales for the 1st 4 months of this year are also now up 17% versus the 1st 4 months of last year. Properties in escrow are also up 10% over last month and properties on the market are down 8% when compared to the same time last year. The trend continues to be positive at this time.