How Quickly The Market Changes, and How Quickly we Forget
By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Often when we look at the broader world of the real estate market it's hard to notice just how dramatic a shift can be. It's equally amazing just how quickly we forget the market we just left...as if we'll never be back. I focus much of my attention in terms of marketing, selling and blogging about a small gated community in the Hollyglen known as Fusion South Bay. It's just a pocket of newer townhomes in the South Bay but nowhere have I seen a more drastic turnaround and the implications it has had. I sold a few units at the height of the market and have struggled with the fact that values went down so dramatically and so quickly. As they were constructed in 2005-2007 almost every buyer was truly buying at the peak of the market. The result was a % of short sales and foreclosures not s...
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