Wednesday, January 13, 2010

Sales in MH Parks "Come Back to Life" in Sac, Wine Country

I've noticed a resurgence in sales in certain parks in the Sacramento area, and in Napa.

In the last week, Sunset MHP in White Rock Rd in El Dorado Hills, CA has seen an uptick in activity. Two "high end" homes in that park have serious buyers with offers pending.

The same thing is happening with a few parks in wine country, specifically Yountville. I've got a single-wide in escrow at about $59,000, and a serious buyer looking at a one-year old multi-section home priced at $279,000, but the pending offer will be substantially less than asking price.

The really good news is that many of the potential buyers calling me are homeowners who are NOT in a short sale or foreclosure situation, whose SFR is in escrow, and actually have some funds left over for a down payment on a h0me in a park. This hasn't happened since the foreclosure tidal wave hit about four years ago.

Stay tuned....

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