Mike’s Real Estate Show

My latest numbers for Sonoma County peg our sales at last May’s numbers, 395, but with a medium of $405,000, down $120,000 from the year before! Why? That’s where the action is–the lower price points driven by the liquidation sale call foreclosures and new home builders. We had almost 200 REO sales in May and 30+ short-sales!! If we didn’t have this post foreclosure sales going on we’d have NO market!
I don’t know “which part of me” you’re referring to but you’re probably sitting on it right now!!! I know so many “buyers” who never bought when the market soared in the early 2,000’s only to gloat when it turned and who are now thinking this amazing buyer’s market is nothing but hype!!
Reminds me of the story of the guy during a flood. His house is surrounded by water and a big truck comes up and the driver says, “Get in I’ll take you to safety!”. The homeowner replies, “Don’t worry, God will take care of me!”, the water continues to rise and now it’s waist deep and a boat comes up, “Get in I’ll take you to safety” says the boatsman, “Nope–My god will save me!”, The guy is now on his roof, water up to the eves and a Helicopter comes swooping down, “Get in and I’ll take you to safety!” say the pilot. “NOPE! My god will save me!”. The guy eventually drowns and ends up in front of God in Heaven and the frist thing he says is, “WHy did you forsake me and allow me to drown!”. God looks down and says, “What?!! I sent you a Truck, Boat and Helicopter dummy!!”
And before you reply–Yeah, but look at all those suckers who bought and lost their houses! Yeah, but look at all the smarties who sold at the right time and are now living in homes owned free and clear in Oregon, Washington, Idaho, Georgia!!!