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Real Estate Reflections of 2011

Reflections on selling real estate in Imperial Beach in 2011.

As this year comes to a close, I sit back and reflect on the past year for Imperial Beach Real Estate.

The Good: Great interest rates throughout the year, dipping below 4% at times. Motivated, qualified buyers looking to buy their first home. Affordability for buyers has risen. A decent inventory for most of the year. Rents remain stable. IB is still a desirable place to call home. Market time for both sales and rentals has been fairly low if priced correctly. Sellers and landlords have been more in-line with listing prices. 

The Challenges: Short Sale transactions. Looming foreclosures. Out of area appraisers. Physical condition of inventory. HOA’s with high dues, delinquency and low owner occupancy. 

All and All: Although transactions seem to be more challenging, in depth preparation before you buy, sell or rent is the key to a successful transaction. Best to all in the upcoming year!

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Bob Faucher December 13, 2011 at 04:08 PM
Season's greetings Gary! Still trying to live the dream of returning to IB...Have a great holiday season. Bob F.
Gary Trieschman December 14, 2011 at 06:58 PM
Happy Holidays to you Bobby, you'd be surprised how many friends have come back home!

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