Sales Comparison March 2020 – August 2021
On September 26th, an article in the Press Democrat quoted statistics sourced by Compass Real Estate Brokerage for single-family home sales over past six months of 2021. These were compared to those same numbers for 2020. They reveal what we all knew: real estate has been booming in our neck of the woods lately! Here are the facts to support this well-known belief:
MONTH NUMBER OF HOMES SOLD MEDIAN PRICE
March 2020 301 $678,910
March 2021 421 $767,000
April 2020 249 $659,000
April 2021 580 $775,000
May 2020 206 $674,495
May 2021 546 $780,000
June 2020 457 $710,000
June 2021 613 $825,000
July 2020 606 $720,000
July 2021 663 $761,000
August 2020 556 $701,000
August 2021 596 $770,000
While the momentum may have somewhat slowed in the past month, it is still on a robust course to smash past records. The only thing putting the brakes on sales lately is the pervasive lack of inventory. Some of this hesitancy on the part of Sellers may be because they are concerned that they will not be able to find a replacement home fast enough after selling their present home.
Sun Pacific Mortgage has a solution: a fast, short-term, private money bridge loan! By accessing the equity in your home before you sell, you can afford a down payment on your future home. You can also use existing equity in your current home and merge it with the equity in the new home you want to buy – also a Bridge loan that is short term and can help you accomplish a stronger purchase offer! With homes selling quickly and with multiple offers over asking prices, this strategy will give you the edge you need in this economy. Call Us at 707-523-2099 to see what we can do for you !
