Golden Gate Estates - Decrease In Average Sales Price Per HomePosted by Tim Ryan on Wednesday, September 8th, 2010 at 2:18pm.
The average number of sales per month in Golden Gate Estates is 80 over the last 12 months! So, clearly there has been a shift in buyer's motivations. Given rates at historic lows and pricing to match, buyers are buying in swarms.
First time home buyers love Golden Gate Estates because there are no fees and all lots are over an acre. Investors love the area because they are getting great return on their money. Cash investors are netting 8-10% yields. Golden Gate Estates Foreclosures are in high demand for this reason.
The average sales price is now $155,000. There has actually been 4 straight quarters of price appreciation. Comparing current prices to that of the peak of the market and you can see why investors and first time buyers are so interested.
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