Hi BP, I wanted to ask and see if anyone follows the California marketing esp the Bay Area? We all know SF is a hot place but what about the East/South Bay? Seems like sellers or agents are listing properties at all time highs. Increased amounts of price cuts, back on the market and actives staying on longer. I've heard people say recently "Oh it's because of the Holidays" I do not buy that because the last 2 years prior were booming around this time! From an investor stand point for FIX n Flip are you folks still playing in this game comfortable or just reaping the last bit of meat left on the bones? I wonder what will happen after elections. We're watching very closely these days.
Note: After fixing and trying to flip a property for profits, seems like buyers are keeping conservative pricing and terms.
I don't know about the Bay Area. But down in Orange County it is not slowing down. It may have flattened a bit. But not seeing price cuts like you said.
Here in my immediate area it was amazing how the realtors timed the top. About a dozen listings came up out of the blue in very well established hoods and I would say perfectly timed at the top/flat spot. This is the top for a couple years or so perhaps. Inventory is increasing it looks like. The multis and commercial is another story. Thanks, Matt
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