We ventured over to the Coast on Sunday, Capitola to be specific. Now even though this is out of the area we service, we are still interested in the local markets we visit. We spoke with a local realtor to get a sense of what was going on in the Capitola/Santa Cruz market. We discovered that foreclosures are beginning to slowly come on the market in that area and short sales have been prevalent for more than a year.
We were able to view several homes as well, seeing many open house signs. Some were very nice, while others had lots of potential to be fantastic, if they were completely gutted! Location, location, location....that is the key. That's what makes most homes in this area so desirable.
We found it refreshing to know that there are similarities in the market even though they are entirely different areas and the local Capitola agent faces the same challenges we face with our buyers and sellers.
We had a great day, made a new contact and gathered some knowledge about another market, all of which we can share with our clients.
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