Loma Linda Real Estate Market Conditions & Reports, Loma Linda Market Trends, California

Market Commentary Provided by Scott Stockdale
I haven't seen buying opportunities like this since the mid-90s. I think that prices are over-correcting to the downside, and will be followed by an upswing that will leave those that didn't buy wishing they had! When multiple buyers are bidding against each other, then the prices have reduced to meet the market. This is the time to buy - not the time to try to time the bottom of the market!

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Scott Stockdale
University Realty
Loma Linda, California
909-815-8123
scottstockdale@gmail.com
Agent Home Page

Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

60-90 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$425,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 25-30%

Prices As % of Asking Price

90-95%

Multiple Offers?

Yes

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Loma Linda is

Seller Activity for the past 90 days in Loma Linda is

Is Financing Available For Qualified Buyers in Loma Linda?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

The newer developments along Mission Street are going through a selloff at deep discounts from original pricing. The rest of the REO and pre-foreclosure activity is scattered throughout the city.

Reason to Buy/Sell

Other

Average Sold Price

$425,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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