What is happening in the Lower Casiano Area? As you know they are still working on the 405, so that impact will continue for a while. As a result, we are all dealing with the street closures, etc. from time to time.. It can make living in the area a challenge at times. Has it impacted real estate values directly, I personally think it is a combination of the overall economy (mostly), and the construction (somewhat). With the construction work still going on, and the heat up in the market, it is easier to see where they issues have been. As far as real estate comparisons between this past quarter and the same one last year, the amount of activity in the area, was as it was last year, somewhat minimal. For example, there are no homes for sale and it was the same for the last quarter of 2011 and no escrows either year. There was one closed escrow in 2011, but none this past quarter of this year, and one home available for lease this year, vs. none last year.
Please let me know how I can assist you with your real estate needs.
Happy New Year… here’s to a Healthy, Happy one!!!