Well, I haven't been on blogging for the past several weeks for a couple of great reasons. First, my 9 year old doberman Deon, broke his femur on December 9th, so everything else was on a temporary hold due to his hospitalization and surgery. Then Christmas was upon us, and the market comes to a grinding halt. Then the New Year, and now kids are back at school and life resumes.
The market trends statistics are out on December 2007. The good news is that our inventory is shrinking in San Clemente, Dana Point, San Juan Capistrano, and Laguna Niguel. With current inventory numbers for each of these areas being closer to the inventory we started the year with. Obviously, pendings and solds are down with closed sales representing only around 5% of the current inventory for the month. This is low, but it is some activity with a total of 92 closed sales in these four communities. Market analysts are predicting that sales will continue to be slow for the first quarter of 2008, with some market recovery happening here locally come the later part of March 2008.
There are still some really great real estate opportunities in the marketplace and if you are looking for what is still considered a great investment, now is the time to enter the market since I don't think we will see prices this low again.
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