Category Archives: Market Reports

Northern California Real Estate Market Reports, sales stats, median price, inventory

Now is the Time to Buy!

Home Market is RecoveringBuyers Market is Now!

Hard-hit areas, such as Sacramento, Las Vegas, parts of Florida and California’s Inland Empire, appear to be among the first cities in the nation to reach the early stages of recovery, as investors and first-time buyers compete for bargain-priced foreclosures and short sales.

·       By some indications, the market could be close to a bottom.  Pending home sales – homes that are under contract, but have not yet closed – and construction spending rose in March 2009.

·       When a market reaches bottom, foreclosures usually stop piling up and banks become more willing to issue loans, confident that the collateral backing them will not continue to decrease in value.

·       The first-time home buyer tax credits from the federal and state governments, coupled with favorable home prices and near record-low interest rates, led to an increase in home sales in March.  Sales of existing, single-family homes rose 63.8 percent in March compared with the prior year.   Monterey County reported a sales increase of 248.7 percent and the High Desert region saw sales increase 172.7 percent compared with last year, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).

·       The median price for the state also increased in March, rising 2.2 percent in month-to-month comparisons.  March marked the first monthly increase since August 2007, while the statewide median price has remained in the $250,000 range for the past three months.

Kathy Dyer Realtor CABRE #01723710

kdyer@KW.com  831-717-7047

KW Coastal Estates

Carmel Ca. 93923

Kathy Dyer Realtor with KW Coastal Estates serving the Monterey Peninsula area

Market Reports Oct 2008 Tri County Northern Ca.

Placer County, Sacramento County and El Dorado County Market Reports for Oct 2008

 

The Following Chart shows the Median Prices for the last year in the Tri-County area.

You can see that home prices have gone down by 41% and are stabilizing or flatting out- a good sign that prices are close to bottoming out. median-price-tri-county

Months Supply of Homes

 

There has been a decrease of 50% supply of homes over the last year. Also a good sign as we see home prices leveling out. Once the home inventory supply rate levels out and there are more buyers looking for homes, our market will stabilize. This Oct  there were 4.7 months supply of homes this year as compared to 9 months of supply the same time 2 years ago. marketsupply

Kathy Dyer Realtor CABRE #01723710

kdyer@KW.com  831-717-7047

KW Coastal Estates

Carmel Ca. 93923

Kathy Dyer Realtor with KW Coastal Estates serving the Monterey Peninsula area