Tuesday, March 1, 2016

Roseville and Rocklin Real Estate Update: 3/1/16

Technically it's not spring yet, but the buyers are out.   I'd say it's another normal cycle, always seems to pick up this time of year.   Our market is being driven onward and upward.  In just the past couple weeks we're seeing a spike in activity.  Multiple offers again, and not just on the low end properties.  We're seeing homes in the 800's getting multiple offers driving the price over asking.  There are several homes I'm referring to here and they were on the market this past winter, not selling now all pending.  The medical field is helping our local economy.  Kaiser is hiring and recruiting.  I have a buyer coming out from Ohio, Scottsdale and the bay area folk see our market as affordable.  My real estate market forecast for Placer county might be changing.  In January I was thinking that we'll get a flood of inventory and prices will correct; however, it seems we might just have enough influx of buyers to keep this going.

Chad Phillips
Re/Max Gold