Posted in Auburn, Buyers, CA, Coldwell Banker, Market statistics, Sacramento, Sellers

2019 California Housing Affordability

Prices are still rising making affordability more difficult for many Californians.  Interest rates are still at historic lows.

Check out some very good info regarding the housing market this year.

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Posted in Buyers, Market news, Market statistics, Real Estate, Sacramento, Sellers

It’s a Seller’s market in the Placer County Foothills but change is in the air..

As of June 2018 the market could still be described as a Seller’s market. But rising inventory may lead to prices slowing as well as increasing days on market, trending towards a Buyer’s market.  My sources tell me that markets nearby–the Bay Area, Sacramento, and Lake Tahoe all show signs of a slow down. It may be the best time to sell for years to come…

Here is a synopsis from “Trendgraphix” for the Placer County Foothills communities of Applegate, Auburn, Christian Valley, Colfax, Dutch Flat, Foresthill, Granite Bay, Lincoln, Loomis, Meadow Vista, Newcastle, Penryn, Rocklin, Roseville, and Weimar.  Contact me if you would like a free market analysis of your home.

June 2018 is a Seller’s market*

Home For Sale in June 2018: 1076 units.

Up 10.4% compared to last month
Up 9.5% compared to last year

Home Closed in June 2018: 632 units.

Down 0.6% compared to last month
Down 8.9% compared to last year

Home Placed under Contract in June 2018: 651 units.

Up 0.2% compared to last month
Up 5.2% compared to last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

Follow the link below for details.

Click on this link for market graphic.

Posted in Buyers, Market news, Market statistics, Real Estate, Uncategorized

Housing affordability weakening at fastest pace in quarter century

With weakening housing affordability, home prices will begin to ease bringing buyer relief.

Rising home prices, rising mortgage rates and rising demand are colliding with a critical shortage of homes for sale. And all of that is slamming housing affordability.

Source: Housing affordability weakening at fastest pace in quarter century

Posted in Auburn, Buyers, Coldwell Banker, First time homebuyers, Market news, Market statistics, Real Estate

Placer County, CA Housing Market and Top Cities – realtor.com®

The housing market in Placer County, CA: 3,183 homes for sale, median sales price of $519,000, find the top cities in Placer County at realtor.com®.

Source: Placer County, CA Housing Market and Top Cities – realtor.com®

Posted in Buyers, Market news, Market statistics, Real Estate, Sellers

Market Stats, Placer County Foothills Single Family Homes

It’s a seller’s market in Placer County.  If you are a buyer, you need to be prepared.  You will still have the advantage of comparably low interest rates, but they are on the rise. If you are a seller, it may be the best time to sell. It’s also a good time to “move up” as the market is slower in the higher-priced luxury homes. Check out the stats below from Trendvision.

Click on this link for market stats For Sale vs Sold single family homes.

Click on this link for Average Sold Price Per Square Foot.

Days on market and list price vs sold price.

Average price For Sale and Sold.

 

Posted in Auburn, Buyers, Market news, Market statistics, Mortgage news, Real Estate, Sellers

The Nation’s Housing Market Back to Pre-Recession Levels

The Bay Area’s housing market has been extremely hot for some time now, but it has taken other parts of the country a while longer to get back on track from the recession. Now it seems that the rest of the nation has finally joined in the “house party.” The National Association of Realtors® reported this

Source: The Nation’s Housing Market Back to Pre-Recession Levels