Market Watch | Housing Supply Remains Tight in Northern California October 20, 2017/in Market News /by Marketing Department Limited inventory and high demand was the continuing trend as the summer season ended. The California Association of Realtors reported that San Francisco overtook San Mateo as the most expensive market in the state. Supply remained tight as every single county in the San Francisco Bay Area saw a reduction in unsold inventory, as did most parts of the Central Coast and
As the first quarter of 2017 comes to a close, California continues to show an abundance of active buyers throughout its markets while dealing with consistently low inventory. Reasonably priced homes spend minimal days on the market, often having received multiple offers, while overpriced homes are taking longer to sell. According to the National Association of Realtors® (NAR) Pending Home Sales Index, in February there was a 3.1 percent increase in the pending home sales
CALIFORNIA REAL ESTATE HEATS UP AS INVENTORY REMAINS LOW California continues to deal with limited listing inventory, which is resulting in an increase in buyer interest, attendance to open houses and multiple buyer offers. The job growth and a strong stock market have made home buying a more achievable goal for many nationwide. According to the National Association of Realtors® (NAR) Pending Home Sales Index, there was a 2.8 percent drop in
There is no doubt that prices in California continue to be among the highest in the nation, buoyed by steady demand and a healthy economy. A recent report delivered a dose of good news, however, showing that rising wages and seasonal price declines have helped to stabilize California’s housing affordability. According to the CALIFORNIA ASSOCIATION OF REALTORS® Traditional Housing Affordability Index, 31 percent of homebuyers could afford to purchase a median-priced, existing single-family home in California
For homeowners who are considering selling their homes, it is not too early to start preparing for the spring selling season, which is traditionally the real estate industry’s busiest season.
Update 7/29/16 It’s always exciting to see a “coming soon” sign go up for one of our listings which happened today at 1404 Cherrywood Sq. This property will be Active next week and we are very much looking forward to showing it to potential buyers. 1404 Cherrywood Sq. is the 1056 Sq. foot model with the open floor plan (kitchen has opening to dining area) We and the sellers have been working steadily to make certain we have the
Yesterday I saw a sign for a new listing at 1405 Millich Lane- it is a 1,292 sq foot interior with 2 beds and 2 baths. The listing agent reports that they expect to go on the market in the next 4-5 days. He indicated the list price will be in the mid 700s. BUT, keep in mind till it is listed on the Multiple Listing Service pricing could change. As we end the 1st 1/2