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It seems of late, that most of the news regarding home sales has been more positive than negative.  If you’ve been following my reports you that it’s my opinion that the market bottomed about 15 months ago in the San Francisco Bay Area.  Yet, with the Federal Tax Credit expiring later this month, the Fed no longer buying mortgage backed securities and the continuing concern about foreclosures it doesn’t pay for me to be complacent.

As I was reviewing reports, as I do almost daily, I came across the “RPX Monthly Housing Composite” published by Radar Logic, which covers 25 MSA’s nationwide.  This report follows the cost per square foot and tracks seasonal drops, which occur even when prices are increasing.  This “seasonal” pattern is clearly evident in this chart.   Also note that the bottom was evident in January 2009  This chart reflects the seasonal drop in price per square foot between December 1, 2009 and January 31, 2010.  The report concluded that this 7% drop is historically consistent with an improving market and was much less than the two previous years.  Also noted was that the increase seen at the end of January is what is expected in a stable market.

So, is all well in the housing markets?  It’s what I call a “fragile” recovery.  The market is showing definite signs of health, but, a watchful eye is needed.

If you or someone you know is thinking about buying or selling a home, this is valuable information. Now, more than ever buyers and sellers will benefit from the advice and guidance that an experienced REALTOR® can provide. I am always available to answer your questions or discuss your concerns. Simply text, call (650 325 7877) or email me (russ@brokerruss.com)  for a prompt response.

If you are in the San Francisco Bay Area, I invite you to take a look at our Resource Center, www.AboutBayAreaHomes.com. There you will find links for active home listings, including bank owned and short sales, home loan information,  market activity reports, home seller strategies, staging and decorating, a suite of 19 calculators, plus my book, “Let’s Make a Deal, The Insiders Guide to Buying and Selling Real Estate” and more. Of course I am always available to discuss your real estate or mortgage related questions or concerns, just call, text or email me for a prompt response.

Russ Boyd and his team professionally assist buyers, sellers and homeowners in the Peninsula Communities of the San Francisco Bay Area. They serve clients in San Mateo, San Francisco, Santa Clara, Alameda and Contra Costa counties. Licensed as a Real Estate Broker by the California Department of Real Estate, 01264240.