Sep2010 dorothys market update

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  • Numbers at top of each column is numbers of units sold
  • Numbers at top of each column is numbers of units sold
  • Average days on the market, curved line is the moving average – other line shows months supply of inventory
  • Average days on the market blue line is a moving average -
  • Number of for sale properties are shown at the top of each column
  • Number of for sale properties are shown at the top of each column
  • Number of sold properties is at the top of each column
  • Number of sold properties is at the top of each column
  • Numbers at top of each column is the number of properties under contract
  • Numbers at top of each column is the number of properties under contract
  • Numbers at top of each column is the number of new properties on the market
  • Numbers at top of each column is the number of new properties on the market
  • Months supply of inventory – blue line is days on market
  • Months supply of inventory – blue line is days on market
  • Size 7” position 0.25 and 0.4
  • Sep2010 dorothys market update

    1. 1. Coldwell Banker Gonella RealtyDorothy KieltyMarket Update<br />September, 2010<br />
    2. 2. We saw a drop in sales price right after the home buyers tax credit went away, but this month it’s back up 19% above last year for August<br />
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    6. 6. The numbers of properties for sale is staying very consistent this year.<br />
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    16. 16. One factor in the rise in both the median for sale and median sold prices is the non-bank homes – their median price is higher than the bank owned homes.<br />
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    18. 18. Market Trends – San Joaquin / Stanislaus / Merced Counties<br />
    19. 19. California Housing Market<br />Source: California Association of REALTORS<br />
    20. 20. California Housing Market<br />Multiple offers also led to home sales with the final sales price exceeding the list price in more instances. <br />Source: California Association of REALTORS<br />
    21. 21. California Housing Market<br />Source: California Association of REALTORS<br />
    22. 22. First-Time Buyers Research<br />Most are Married<br />49% are a married couple. Single females comprise a quarter of first-time buyers, and single males account for just 12%.<br />They’re Young<br />More than 1/2 – 53% – are between the ages of 24 and 34. And 12% are younger than 24.<br />Source: National Association of REALTORS 2009 Profile of Home Buyers and Sellers.<br />
    23. 23. First-Time Buyers Research<br />They’re Diverse<br />22% are part of a minority group, compared with 13% of repeat buyers. 6% speak a language other than English , and 12% were not born in the United States<br />Source: National Association of REALTORS 2009 Profile of Home Buyers and Sellers.<br />
    24. 24. First-Time Buyers Research<br />They Take Their Time<br />First-time buyers take an average of 12 weeks to find their home, compared to 10 weeks for repeat buyers. <br />They’re Not Afraid of Foreclosures<br />11% of first-time buyers bought a home in foreclosure, and 56% considered it. Only 9% of repeat buyers bought a foreclosure, and just 41% considered it. <br />Source: National Association of REALTORS 2009 Profile of Home Buyers and Sellers.<br />
    25. 25. NODs & Trustees Deeds Filed in CaliforniaI expect the leveling of to continue as it is better for the bank’s bottom line.<br />2005 - 2009<br />No. of Defaults or TDs<br />Source: DataQuick Information Systems<br />
    26. 26. Let me know if you have any questions about this information, or if I can help you ...<br />Dorothy Kielty 209 489-0621 <br />Dorothy Kielty<br />Coldwell Banker, Gonella Realty<br />701 W Olive. Ave<br />Merced, CA 95348<br />Cell: 209-489-0621<br />Dkielty@GonellaRealty.com<br />www.DorothySellsMerced.com<br />Dorothy Kielty cell 209 489-0621 <br />

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