San Joaquin County Sellers Have an Uphill Battle
Posted Sep 17, 2007 @ 8:06 pm, Viewed by 279 Visitors, Read 284 Times.Imagine trying to sell your home in a town where industry analysts believe the inventory currently available could take five years to deplete. This is what is being reported from the Central Valley.
The problem is that the pace of homebuilding in the Central Valley kept steady over the past couple of years even though sales were slowing. This has led to a five year supply of homes in the city of Stockton, great news for buyers but not so good for sellers. It is expected that prices in Stockton will fall 8-10% over the next year.
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Hamid Grinage is a Realtor with the Grand Lake office of Prudential California Realty in Oakland. He is E-Certified, a graduate of Sonoma State University, and a member of the National, California and Oakland Association of Realtors.
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