To Renovate or Not to Renovate Before You Sell
When deciding to sell here in California, some homeowners feel they need to get their houses ready to make it more appealing to Home Buyers. Before deciding on this choice, here’s a few things to keep in mind: There is a shortage of homes right now. In a “normal” market there would be a 6-month…
Read moreListing Prices Have Become a New Starting Point
Gone are the days, at least for the immediate present, when the listing price was the point where the buyer started from and worked downward in the negotiating process. Today, in the Peninsula and Northern Bay Areas, with the record-low supply of homes for sale coupled with very strong buyer demand, the list price is…
Read moreNorth Bay Real Estate Trends for February 2021
Looking at all the homes and condos for sale in the northern California counties of Lake, Marin, Mendocino, Napa, Solano, and Sonoma Counties at the end of February, there were just 1,431 on the market. This is the lowest inventory amount since 2005 and 2% below that of January. This region generally enjoys a Spring…
Read moreThe California Housing Market: Trends and Forecast 2021
There is little doubt that the California housing market forecast is projected to be positive. CAR conducted a survey and found the following opinions generally held by most of the experts: Buyers, sellers, and agents agreed that home prices will likely remain on their upward trend in the short term. 60% of agents believe that…
Read moreReasons We Are Not in a Housing Bubble
With home values appreciating by 10% in 2020, there has been some speculation that we might be in a housing bubble such as we were a decade ago. California residents, fear not! Here are some incredibly significant facts that this time is not like the past: Housing supply is extremely limited: If supply is low,…
Read moreCalifornia Counties Home Prices Continue To Climb
The growth in prices for homes in these major metros has been astonishing compared to last December. Homeowners who held onto their homes have been rewarded with hefty increases in sold prices. Still, the supply of pending sales is down. Let’s look at some of the major metro areas’ statistics: Metro LA: In December, average…
Read moreSan Francisco & North Bay Real Estate Market – review of Jan.2021
Sonoma, Marin, and Napa Counties have seen unprecedented sales numbers since the Spring of 2020. Pandemic conditions which resulted in remote working and distance learning has created a surge of demand for larger homes and bigger lots. Many San Francisco and Silicon Valley homeowners have found the answers to their search for a more compatible…
Read moreReal Estate Experts Biggest Housing Issues for 2021
A survey was conducted in the fourth quarter of 2020 of real estate professionals to determine the biggest stumbling blocks to growth in 2021.The following are some of the key trends they see as potential difficulties: Inventory shortages: With levels down 22% from the previous year, this was the main concern of 84% of those…
Read more2021 Housing Forecast Looking Rosy
Most of us living in California will be happy to bid, “Good riddance” to 2020. While much of the hallmarks of this past year will go away, the rising home prices in many California counties which became distinct characteristic of this past year, may be here to stay. Realtor.com’s housing forecast predicts record-high prices will…
Read moreWhat’s Happening in the Orange County Real Estate Market?
Orange County’s homebuying rebound continued in September with sales hitting a pace not seen since 2005. A study done by DQNews (a service that provides home sales and mortgage statistics for the U.S.) shows a market fueled by historically low interest rates, coronavirus-led urges for more space, and a limited inventory for house hunters to…
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