Sonora, CA (PRWEB) March 14, 2008
With assistance for home buyers increasing coupled with the fact that the selling price of homes remains close to 100%, the real estate market in Calaveras County is holding its own and Prudential California Realty http://www.PCR1.com are expecting an upturn in the home for sale Calaveras market in the immediate future.
Even though the figures for 2007 for home sales in the Angels Camp and Murphys area stabilized slightly after the 2006 numbers, there is a consistency that bodes well for the expected rise in the market. In 2006, homes in these areas were sold for 97 percent of their asking price and were on the market for an average of 133 days. In 2007, these figures had leveled to staying on the market for an average of 199 days and homes selling for 93 percent of their asking price. These figures strengthen the belief that the market is alive and well, that sellers are still achieving very close to their asked for price and that the home for sale Calaveras market is going to take an upwards some time soon.
Another reason for this optimism about the upwards turn comes in the fact that the average listing price for homes in Murphys and Angel Camp has risen from 2006 to 2007, fueled by homes selling in the luxury market and external economic affects on the area.
Interest rates being nearly at an all-time low are helping to boost confidence about the realty market again and there is a large amount of Government assistance for potential buyers which means that the home for sale Calaveras market has every chance of growing this year. President Bush's economic stimulus package coupled to help from the Feds at every turn means there is a lot to be positive about the market and this is expected to show in 2008.
This new found expectancy in the local housing market bodes well and now seems like an excellent time to make a move in the home market in Calaveras County.
About Prudential California Realty:
Although the company was only formed in 2002 by Scott Paterson, Prudential California Realty http://www.PCR1.com has since become the largest real estate company trading in the Gold Country of the Central Sierra Nevada and the North Central California. In 2006 and 2007, consumers voted Prudential California Realty as the top Real Estate firm in Tuolume County and with 5 offices and 65 Sales Associated operating in the Calaveras and Tuolumne counties, the company intends to maintain this level of customer satisfaction.
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