Market recovery in Colton has been very slow, but that’s not necessarily a bad thing. The upward trend has been consistent, and slow growth will only continue to happen. This is a sign of a stable market with a very predictable future.
The 2007 high average value for a Colton home was $335,000. Now, that value sits around $265,000. Considering that value averages fell to $125,000 in 2010, it’s fair to say that growth has been satisfactory.
The market is healthy, and it favors sellers. More people are looking to move in to Colton than move out of Colton, and this is something sellers can use to their advantage.
With less than 12% of homes selling at a price cut, it’s fair to say that sellers in Colton are getting what they want.