Infographic: Why sellers rule in the Golden State

By Mark K. Hicks · DeadlineNews.com © March 12, 2013
Buy | Sell, Buying, Markets, Selling, State · Tagged: California, housing recovery, infographic · No comments

Movoto looked at California’s 10 largest cities (by population) to get a better idea of what caused the state’s turnaround from a buyer’s market to a seller’s market in the year from January 2012 to January 2013.
Here’s what Movoto found:
• The number of homes on market has stooped even lower.
• Affordable properties are harder to locate.
• Cash buyers are becoming even more common.
• Short sales are replacing foreclosures as the new popular buys on the block.
Each of these components contribute to a volatile Golden State housing market.
Check the details below. Mouse over and click to enlarge the infographic.

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A DeadlineNews.Com Silicon Valley Contributing Writer, with a penchant for the quick, story-telling capability of infographics, Mark K. Hicks is broker/owner of The Seabrooke Group in San Jose, CA. Hicks, who takes a "client for life" approach to business, has more than 20 years real estate experience, including creative financing, foreclosure acquisition, probate sales and tax-deferred exchanges. Network with Hicks on LinkedIn.