Buoyed by stronger economy, California housing market accelerates in March as...weakhamper1200
California's housing market continued to strengthen in March, with both home sales and prices increasing from the previous month and year. Existing home sales rose 6.3% annually to 391,680 units. The median home price jumped 9.2% from February to $468,550, the highest in seven months. Inventory remained tight, with months of supply falling to 3.8 from 5 months in February. Stronger economic conditions and job growth are contributing to the accelerating housing market.
Annie Williams Real Estate Report May-June 2017Jon Weaver
After a period of lower prices last year, median home prices in San Francisco increased in the last two months. The sales to list price ratio has remained over 100% for 51 months, indicating a strong seller's market. Average days on market was 26 days in April, lower than the average of 41 days since 2000. Home sales dropped 28.4% from March to April and were down 8.1% from the previous year, which analysts attribute to low inventory levels at the beginning of the peak spring selling season.
TORONTO REAL ESTATE SALES - APRIL 2018 (TREB)Shawn Venasse
TORONTO, May 3, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB's MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.
California Home Prices for Each Counties August 2013Ronny Budiutama
The document provides sales data and median home prices for California regions and counties in August 2013. Some key findings include:
- The statewide median price for existing single-family homes was $441,330, up 1.7% from July but down 28.4% from August 2012. The Bay Area saw the largest year-over-year increase at 24.1%.
- Within the Bay Area, Contra Costa and San Mateo counties had the highest median prices in August at over $800,000, while Solano and Santa Clara counties were under $805,000.
- For Southern California regions, Los Angeles county had the highest median price at $444,950, up 5.6% from
Annie Williams Real Estate Report - April 2019Jon Weaver
The real estate market in San Francisco is beginning to heat up for three reasons. First, spring is when the market typically becomes more active. Two, mortgage rates are at 15-month lows. Third, IPOs have started creating instant millionaires.
Annie Williams Real Estate Report Nov-Dec 2016Annie Williams
Home sales expected to edge up slightly in 2017, while prices post slowest gain in six years.
Following a dip in home sales in 2016, California’s housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity, according to the "2017 California Housing Market Forecast," released today by the CALIFORNIA ASSOCIATION OF REALTORS ® (C.A.R.).
The C.A.R. forecast sees a modest increase in existing home sales of 1.4 percent next year to reach 413,000 units, up slightly from the projected 2016 sales figure of 407,300 homes sold. Sales in 2016 also will be virtually flat at 407,300 existing, single-family home sales, compared with the 408,800 pace of homes sold in 2015.
Buoyed by stronger economy, California housing market accelerates in March as...weakhamper1200
California's housing market continued to strengthen in March, with both home sales and prices increasing from the previous month and year. Existing home sales rose 6.3% annually to 391,680 units. The median home price jumped 9.2% from February to $468,550, the highest in seven months. Inventory remained tight, with months of supply falling to 3.8 from 5 months in February. Stronger economic conditions and job growth are contributing to the accelerating housing market.
Annie Williams Real Estate Report May-June 2017Jon Weaver
After a period of lower prices last year, median home prices in San Francisco increased in the last two months. The sales to list price ratio has remained over 100% for 51 months, indicating a strong seller's market. Average days on market was 26 days in April, lower than the average of 41 days since 2000. Home sales dropped 28.4% from March to April and were down 8.1% from the previous year, which analysts attribute to low inventory levels at the beginning of the peak spring selling season.
TORONTO REAL ESTATE SALES - APRIL 2018 (TREB)Shawn Venasse
TORONTO, May 3, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB's MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.
California Home Prices for Each Counties August 2013Ronny Budiutama
The document provides sales data and median home prices for California regions and counties in August 2013. Some key findings include:
- The statewide median price for existing single-family homes was $441,330, up 1.7% from July but down 28.4% from August 2012. The Bay Area saw the largest year-over-year increase at 24.1%.
- Within the Bay Area, Contra Costa and San Mateo counties had the highest median prices in August at over $800,000, while Solano and Santa Clara counties were under $805,000.
- For Southern California regions, Los Angeles county had the highest median price at $444,950, up 5.6% from
Annie Williams Real Estate Report - April 2019Jon Weaver
The real estate market in San Francisco is beginning to heat up for three reasons. First, spring is when the market typically becomes more active. Two, mortgage rates are at 15-month lows. Third, IPOs have started creating instant millionaires.
Annie Williams Real Estate Report Nov-Dec 2016Annie Williams
Home sales expected to edge up slightly in 2017, while prices post slowest gain in six years.
Following a dip in home sales in 2016, California’s housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity, according to the "2017 California Housing Market Forecast," released today by the CALIFORNIA ASSOCIATION OF REALTORS ® (C.A.R.).
The C.A.R. forecast sees a modest increase in existing home sales of 1.4 percent next year to reach 413,000 units, up slightly from the projected 2016 sales figure of 407,300 homes sold. Sales in 2016 also will be virtually flat at 407,300 existing, single-family home sales, compared with the 408,800 pace of homes sold in 2015.
Northeast Ohio Home Sales Report -1Q, YTD 2016Lisa Humenik
This document provides a summary of home sales trends in Cuyahoga County, Ohio for the first quarter of 2016. Some key points:
- Home sales were up 16.1% compared to the same period in 2015. Pending home sales were up 37.4%.
- The number of homes for sale decreased 3.6% compared to a year ago, while the average sales price increased 2.3% to $134,000.
- New home listings increased 14% compared to the first quarter of 2015, a sign that more homes may come on the market in 2016.
- Overall the real estate market in Cuyahoga County remains strong, with continued sales growth and modest price increases expected
The real estate market in June 2016 was a buyer's market. The number of for sale listings was down 9.1% from the previous year while the number of sold listings remained the same as the previous year and month. The average sold price per square foot and average days on market increased compared to the previous periods, indicating a shift towards a buyer's market. The months of inventory was 6.7, above the threshold of 6 months that indicates a buyer's market.
The real estate market in the Portland metro area saw decreases in activity in November compared to previous months. Closed sales were down 1% from October but up slightly from November of the past two years. Pending sales were also higher than the past two Novembers. Inventory saw a small drop, which is positive for sellers. The brokerage expects a record number of sales in December despite the overall RMLS numbers due to increased buyer activity recently.
The housing market in Canada continues its relatively balanced trajectory with home sales stable and prices rising moderately. Economic growth forecasts were revised upwards and interest rates are expected to rise gradually. Overall the market is expected to remain balanced in the near future with opportunities for both home buyers and sellers.
Annie Williams Real Estate Report - Jan 2016Jon Weaver
Jonathan Smoke, chief economist of realtor.com, and his team carried out the data analysis and identified the top 20 medium-to-large markets where homes are moving fastest and interest
(based on listing views on realtor.com) is highest. At the top of the list, for the second month in a row, is San Francisco, followed by its sister Bay Area city San Jose.
The document discusses reasons to sell a home in the summer of 2018. It notes that:
1) Buyer demand remains strong while housing inventory is still low, giving sellers an advantage.
2) Inventory levels may rise as more homeowners gain equity and free to move. Sellers should act before this additional competition.
3) The home selling process is quicker now as buyers are pre-approved for loans, shortening the closing period.
Torrance real estate statistics and analysis for September 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.
The San Francisco real estate market was very slow in
January, picked up a bit in February, and then took off
in March. It appears that this upward trend will carry into the
second quarter of 2017. Already in the first couple weeks
of April we’re seeing an acceleration in activity.
Torrance real estate statistics and analysis for November 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.
Home prices in the US saw strong gains in the first quarter of 2013 according to a report from S&P Dow Jones Indices. All major home price indices, including the 10-City Composite, 20-City Composite, and US National indices, posted double-digit annual increases. On a monthly basis, the 10-City and 20-City Composites increased 1.4% each. The report also noted that home prices in all 20 cities tracked posted annual gains for the third consecutive month.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
Strong sales indicate that buyer demand is very high. The increase in the interest rates does not appear to be a deterrent. Lack of inventory remains significant, but as we move towards spring, we are cautiously optimistic that the traditional waive of new listings will soon appear.
The Georgia Association Of Realtors Monthly Indicators For April 2014Arthur Prescott
New residential real estate listings and pending sales in April 2014 increased by 12.5% and 21.2% respectively compared to April 2013. The median sales price rose 14.5% to $158,000, while days on market declined 8.4% to 76 days. Overall, the housing market showed signs of continued recovery in April with higher sales volumes and rising home prices.
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don't need to go through the process alone.
You may be wondering if prices are projected to rise or fall...or if you should rent your house instead of selling it. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
Check it out, and feel free to get in touch if you have any questions.
This document provides information to help homeowners consider selling their house. It outlines reasons why selling during the winter makes sense, such as strong buyer demand, less competition from other listings, and a quicker home selling process. It also discusses the current housing market trends of high buyer demand and low inventory, as well as reasons why homeowners may choose to move, such as being closer to family or reducing expenses. Throughout, it emphasizes the importance of using a real estate agent to sell your home given that most buyers utilize agents in their home search.
This is a guide to provide important information about selling your home during the winter of 2017. Contact Jessica Eve Morgan for a complimentary Home Evaluation. (646) 820-7855
Median Price for Homes at Record High - The Real Estate Report March/AprilAMSI, San Francisco
The Real Estate Report March/April, local market trends San Francisco: "Median Price for Homes at Record High" by AMSI's Real Estate Broker Robb Fleischer
This document provides information and advice for homeowners considering selling their house. It discusses the strong buyer demand and limited housing inventory currently benefiting sellers. It encourages homeowners to take advantage of lower mortgage rates and sell before more listings enter the market. Several personal reasons for why selling this winter makes sense are given. Overall home prices and homeowner equity levels nationally are also summarized. The document aims to convince homeowners that current market conditions are favorable for selling.
Torrance real estate statistics and analysis for December 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.
Annie Williams Real Estate Market Trends Aug/Sep 2013Jon Weaver
The document summarizes local real estate market trends in San Francisco. It reports that median condo prices rose 10.3% month-over-month and 24.6% year-over-year in July. Condo sales were down 26.3% from June but up 18.9% year-over-year. Single-family home sales were up 19.9% year-over-year in July, while the median price dipped 7.3% from June but rose 17.3% from the previous July. Mortgage closing costs have increased 6% over the past year due to low rates bringing more refinancing and new regulations. Foreclosure activity remained low with one notice of default and sale filed
The document discusses the threats posed by invasive plant species, or noxious weeds, to ecosystems and the economy. It notes that while issues like global warming and ozone depletion can be reversed, the effects of widespread noxious weeds on the environment are virtually permanent once established. The document outlines characteristics that make some non-native plants invasive, the various ways they were introduced, and their negative impacts including reducing biodiversity and altering habitats. It advocates an integrated approach to weed management focusing on prevention, early detection, control methods, coordination across land owners, and ongoing monitoring.
Northeast Ohio Home Sales Report -1Q, YTD 2016Lisa Humenik
This document provides a summary of home sales trends in Cuyahoga County, Ohio for the first quarter of 2016. Some key points:
- Home sales were up 16.1% compared to the same period in 2015. Pending home sales were up 37.4%.
- The number of homes for sale decreased 3.6% compared to a year ago, while the average sales price increased 2.3% to $134,000.
- New home listings increased 14% compared to the first quarter of 2015, a sign that more homes may come on the market in 2016.
- Overall the real estate market in Cuyahoga County remains strong, with continued sales growth and modest price increases expected
The real estate market in June 2016 was a buyer's market. The number of for sale listings was down 9.1% from the previous year while the number of sold listings remained the same as the previous year and month. The average sold price per square foot and average days on market increased compared to the previous periods, indicating a shift towards a buyer's market. The months of inventory was 6.7, above the threshold of 6 months that indicates a buyer's market.
The real estate market in the Portland metro area saw decreases in activity in November compared to previous months. Closed sales were down 1% from October but up slightly from November of the past two years. Pending sales were also higher than the past two Novembers. Inventory saw a small drop, which is positive for sellers. The brokerage expects a record number of sales in December despite the overall RMLS numbers due to increased buyer activity recently.
The housing market in Canada continues its relatively balanced trajectory with home sales stable and prices rising moderately. Economic growth forecasts were revised upwards and interest rates are expected to rise gradually. Overall the market is expected to remain balanced in the near future with opportunities for both home buyers and sellers.
Annie Williams Real Estate Report - Jan 2016Jon Weaver
Jonathan Smoke, chief economist of realtor.com, and his team carried out the data analysis and identified the top 20 medium-to-large markets where homes are moving fastest and interest
(based on listing views on realtor.com) is highest. At the top of the list, for the second month in a row, is San Francisco, followed by its sister Bay Area city San Jose.
The document discusses reasons to sell a home in the summer of 2018. It notes that:
1) Buyer demand remains strong while housing inventory is still low, giving sellers an advantage.
2) Inventory levels may rise as more homeowners gain equity and free to move. Sellers should act before this additional competition.
3) The home selling process is quicker now as buyers are pre-approved for loans, shortening the closing period.
Torrance real estate statistics and analysis for September 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.
The San Francisco real estate market was very slow in
January, picked up a bit in February, and then took off
in March. It appears that this upward trend will carry into the
second quarter of 2017. Already in the first couple weeks
of April we’re seeing an acceleration in activity.
Torrance real estate statistics and analysis for November 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.
Home prices in the US saw strong gains in the first quarter of 2013 according to a report from S&P Dow Jones Indices. All major home price indices, including the 10-City Composite, 20-City Composite, and US National indices, posted double-digit annual increases. On a monthly basis, the 10-City and 20-City Composites increased 1.4% each. The report also noted that home prices in all 20 cities tracked posted annual gains for the third consecutive month.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
Strong sales indicate that buyer demand is very high. The increase in the interest rates does not appear to be a deterrent. Lack of inventory remains significant, but as we move towards spring, we are cautiously optimistic that the traditional waive of new listings will soon appear.
The Georgia Association Of Realtors Monthly Indicators For April 2014Arthur Prescott
New residential real estate listings and pending sales in April 2014 increased by 12.5% and 21.2% respectively compared to April 2013. The median sales price rose 14.5% to $158,000, while days on market declined 8.4% to 76 days. Overall, the housing market showed signs of continued recovery in April with higher sales volumes and rising home prices.
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don't need to go through the process alone.
You may be wondering if prices are projected to rise or fall...or if you should rent your house instead of selling it. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
Check it out, and feel free to get in touch if you have any questions.
This document provides information to help homeowners consider selling their house. It outlines reasons why selling during the winter makes sense, such as strong buyer demand, less competition from other listings, and a quicker home selling process. It also discusses the current housing market trends of high buyer demand and low inventory, as well as reasons why homeowners may choose to move, such as being closer to family or reducing expenses. Throughout, it emphasizes the importance of using a real estate agent to sell your home given that most buyers utilize agents in their home search.
This is a guide to provide important information about selling your home during the winter of 2017. Contact Jessica Eve Morgan for a complimentary Home Evaluation. (646) 820-7855
Median Price for Homes at Record High - The Real Estate Report March/AprilAMSI, San Francisco
The Real Estate Report March/April, local market trends San Francisco: "Median Price for Homes at Record High" by AMSI's Real Estate Broker Robb Fleischer
This document provides information and advice for homeowners considering selling their house. It discusses the strong buyer demand and limited housing inventory currently benefiting sellers. It encourages homeowners to take advantage of lower mortgage rates and sell before more listings enter the market. Several personal reasons for why selling this winter makes sense are given. Overall home prices and homeowner equity levels nationally are also summarized. The document aims to convince homeowners that current market conditions are favorable for selling.
Torrance real estate statistics and analysis for December 2013. Includes homes sales, listings and historical performance on a month to month and year over year basis.
Annie Williams Real Estate Market Trends Aug/Sep 2013Jon Weaver
The document summarizes local real estate market trends in San Francisco. It reports that median condo prices rose 10.3% month-over-month and 24.6% year-over-year in July. Condo sales were down 26.3% from June but up 18.9% year-over-year. Single-family home sales were up 19.9% year-over-year in July, while the median price dipped 7.3% from June but rose 17.3% from the previous July. Mortgage closing costs have increased 6% over the past year due to low rates bringing more refinancing and new regulations. Foreclosure activity remained low with one notice of default and sale filed
The document discusses the threats posed by invasive plant species, or noxious weeds, to ecosystems and the economy. It notes that while issues like global warming and ozone depletion can be reversed, the effects of widespread noxious weeds on the environment are virtually permanent once established. The document outlines characteristics that make some non-native plants invasive, the various ways they were introduced, and their negative impacts including reducing biodiversity and altering habitats. It advocates an integrated approach to weed management focusing on prevention, early detection, control methods, coordination across land owners, and ongoing monitoring.
This document discusses the importance of branding beyond just a company's logo. It covers how a logo should look on different backgrounds and when treated as just text. It also addresses selecting an appropriate color palette and accent colors based on their psychological implications. Additionally, the document suggests considering a brand's style in terms of attire and adjectives like playful, elegant, or high-end. The final sections propose an interactive exercise on brand identity and acknowledgement that the top 1% of brands drive 99% of success.
This document discusses the use of prepositions of place in phrases. It explains that prepositions such as "at", "on", and "in" are used to indicate where something is located. Specific uses of each preposition are outlined, such as "at" indicating a specific place, "on" indicating position on a surface or street, and "in" indicating being enclosed or within a larger area. Examples are provided for each preposition. The document concludes with exercises for learners to practice using these prepositions of place correctly in sentences.
The document summarizes research on the effects of black garlic (aged garlic) extracts on the immune system. Key findings include:
1) Black garlic extracts enhanced cellular immunity by increasing the activity of natural killer (NK) cells in spleen cells from treated mice.
2) Cytokines associated with enhanced immunity, such as nitric oxide (NO), interferon-gamma (IFN-γ), interleukin-2 (IL-2), and tumor necrosis factor-alpha (TNF-α) were preferentially generated from spleen cells of extract-treated mice, while interleukin-4 (IL-4) levels decreased.
3) The active compounds in black garlic extracts that may enhance immunity are S-ally
La película Los Tres Idiotas enseña algunas lecciones importantes. Muestra a Rancho, un estudiante que no encaja en el sistema tradicional de educación debido a su naturaleza iconoclasta. Según el autor, la película enfatiza que el verdadero éxito es el camino recorrido y no solo la meta, y que se debe perseguir la realización personal más que el éxito. Además, destaca el valor de la amistad basada en valores colectivos sobre los individuales.
Skywards industries then showed their work in generating remote sensing data at a local level using drones. This can be used for mapping farms and assessing which crops are being grown. The drones can also be used for assessing agricultural health based on infrared reflectance. These images can then be reviewed by farmers in the field using tablets or mobile devices to assess areas of damage
This memorandum from the Federal Chief Information Officer requires all publicly accessible federal websites and web services to only provide service through secure HTTPS connections by December 31, 2016. It expands on prior guidance to improve privacy and security by encrypting data transmission and verifying website identities. While HTTPS adoption has costs, the policy aims to establish a consistent, private browsing experience for the public and position the government as a leader in internet security.
У 1773 годзе нямецкі пастар і заолаг Іаган Аўгуст Эфраім Гёцэ глядзеў у свой мікраскоп і ўбачыў там нешта захапляльнае. Там павольна ішлі маленькія істоты, у іх было восем лапак з кіпцюрыкамі: па 3 лапы з бакоў і яшчэ пара ззаду, - у іх былі маленькія вочкі і ўвогуле яны былі падобныя на маленькіх мядзведзікаў, толькі празрыстых.
Este documento presenta los resultados de la Clausura 2015 del torneo de fútbol organizado por Jefferson Iral. Contiene la tabla de posiciones de 10 equipos participantes y los resultados de los partidos jugados en las primeras 5 fechas, identificando los equipos, goles y ganadores. Jefferson Iral es el organizador del evento deportivo.
Reuben, Artists Self Empowerment + Support Americans4Arts
The document discusses an artist initiative that provides funding for community engagement projects led by native artists. It notes that native cultures are fluid and explores tradition as well as adaptation. It then introduces the interdisciplinary arts collective Postcommodity, which creates public art and installations to engage issues around globalization and colonialism. Upcoming projects this winter will involve communities across borders in New Mexico, Arizona, and northern Mexico.
Annie Williams Real Estate Report Nov-Dec 2015Jon Weaver
California home sales to increase slightly, while prices post slowest gain in five years. California’s housing market will continue to improve into 2016, but a shortage of homes on the market and a crimp in housing affordability also will persist,
according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2016 California Housing Market Forecast”.
The document discusses the state of the housing market in California. It notes that while prices rose quickly in 2013, driven by low inventory and investors, the market may be reaching a tipping point. Rising mortgage rates have slowed buyer demand and impacted affordability. However, inventory levels are starting to increase, and investors are playing a smaller role. While interest rates caused pause, the recovery is expected to continue as buyers adjust to new market conditions. The recovery is moving toward a more sustainable pace led by traditional buyers and sellers.
Annie Williams Real Estate Report - Dec 2015Jon Weaver
- Housing affordability in California is expected to experience long-term issues due to high home prices, not enough homes being built, and rising rents making it difficult for many to save for a down payment.
- In many California markets, including the San Francisco Bay Area and Southern California, the luxury home market remains active with Asian buyers continuing to fuel demand. However, overall home sales are down while prices continue rising.
- A lack of housing inventory is seen as a key factor sustaining high home prices in San Francisco, with the median home price rising 13% year-over-year and staying over $1 million for most of the past two years.
The document summarizes various home price measures from November 2011. Most measures showed the typical seasonal month-to-month decline, except the FHFA price index and CoreLogic index which increased slightly. Year-over-year price changes remained around 1-4% decline. New home prices continued to fluctuate due to low construction levels. Distressed sales remained around 30% of total sales. Low inventory, declining delinquency rates, and stable buyer traffic were expected to support prices despite limited housing options.
The document summarizes home price data from various sources in November 2011. Most sources showed a typical seasonal month-to-month decline in home prices except for the FHFA price index and CoreLogic index, which increased slightly. Year-over-year comparisons showed price declines of 1-4% from the previous year, around the same as prior months. New home prices continued to fluctuate due to low construction levels. Distressed home sales remained around 30% of total sales, slowing price growth. Low inventories, declining delinquencies, and stable buyer traffic were expected to support prices despite limited new home construction options for buyers.
Sales of real estate in the Sarasota market increased substantially in July 2013 compared to the previous year. Sales were up 30.3% and the median sale price of single family homes increased 13.75% over the previous month. The condo market saw prices drop 15.6% for the month but the 12-month rolling median was up 2%. Overall, the real estate president stated this was shaping up to be one of the best years on record for the Sarasota market.
The Institute for Luxury Home Marketing has analyzed a number of metrics — including sales
prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and price-per-square-foot – to provide you a comprehensive North American Luxury Market report.
Additionally, we have further examined all of the individual luxury markets to provide both an overview and an in-depth analysis - including, where data is sufficient, a breakdown by luxury single-family homes and luxury attached homes. The Glimmer of Change Grows Brighter
Last month, we reported a glimmer of hope as the luxury market, for the first time in 2023,
witnessed an increase in the number of sold properties and new inventory entering the market
compared to the same month in 2022. This encouraging trend continues this month.
The Numbers are Up
Compared to November 2022, the number of sales last month rose 5.1% for single-family homes
and 13.7% for attached homes. This is not the only growth statistic that could show the start, albeit
a slow one, of a market comeback.
The number of new listings entering the market last month also increased compared to November
2022, by 21.1% for single-family homes and 29.3% for attached properties. The rise in new inventory
entering the market is equally significant as it shows a growing confidence by sellers compared to
last year.
Lack of new inventory has been one of the most significant challenges to the growth of sales during
most of 2023, as it created a roadblock for opportunity. This was especially significant in a market
where buyers had become highly specific in their property specification preferences.
Get Ready for 2024 the Right Way
During this unconventional market, we highly recommend working with a luxury property specialist to gain insights into what is truly happening in your local marketplace. The art of selling and buying in this market needs a critical and analytical approach. Understanding the realities and setting realistic expectations accordingly will ensure that your goals are achieved.
If you're considering to buy, sell or invest in California reach out and let's connect
LYNNE MACFARLANE, Realtor
Intero Los Altos & Carmel | DRE 02066698
831-346-2743
408-800-1141
LYNNE@LYNNEMACFARLANE.COM
WWW.LYNNEMACFARLANE.COM
The real estate market in Barrington continued to show strong momentum in July. The median home sales price rose 14.9% year-over-year to $500,000, the highest point since 2011. The number of closed sales increased 66.7% compared to the previous July, reflecting record high activity. The market favored sellers in the lower price range below $345,000, where inventory was low at 4 months and sales prices rose 23% with market time dropping 55%. The middle price range from $549,900 to $849,899 saw higher inventory of 9 months and slower sales, favoring buyers. Overall inventory declined for the 4th straight month to a 7.6 month supply.
Most home price measures increased in July, though new home prices weakened slightly. NAR's median price measure showed weakness in July and August, possibly due to the end of the peak buying season and changing home mix. Over the year, home prices are down slightly but the decline is small, especially excluding distressed sales. Low new construction and little new home activity cause volatility in new home price data. Distressed sales, which hold back prices, comprise around 30% of sales, down from 40% earlier in the year, and this should help support price increases. Stable to declining inventories and rising apartment rents relative to affordable home prices make buying attractive.
Residential real estate market report. Review of current Macro market trends and their potential affects on real estate markets. Focus on Northern CA counties including Sacramento, El Dorado, Placer, Yolo & San Joaquin.
Lackluster home price performance continued in March and April compared to a year ago, though monthly performance was better. Distressed home sales, which hold back existing home prices, declined in April for the first time since November. Price performance is likely to improve in the coming months as distressed sales decline seasonally and inventories remain stable. However, job growth and available financing are still needed for more potential buyers to enter the market.
The Barrington area real estate market experienced a slow start in 2014 with sales dropping 17.8% and new listings also slowing significantly due to many days below freezing in January compared to the previous year. While sales fell and days on market improved by over 50%, closed sales rose 14% to 40 for the month which is typically half the level of summer months. Inventory remained even, indicating a seller's market for lower-priced homes as buyers are purchasing quickly.
The Institute for Luxury Home Marketing report provides an in-depth look at the top residential markets across the United States and Canada. Within the individual markets, you will find established luxury benchmark prices and detailed survey of luxury active and sold properties designed to showcase current market status and recent trends. The national report illustrates a compilation of the top North American markets to review overall standards and trends. Questions addressed are whether if prices will fall and where are the most likely opportunities for luxury buyers exist. The art of selling and buying in this market needs a critical and analytical approach. Understanding the realities of setting expectations accordingly will ensure that goals are achieved.
**Contact Lynne MacFarlane, a member of the Institute of Luxury Home Marketing today to discuss your market home strategy and analysis.
LYNNE MACFARLANE, MCDM, SRS, SRES | Realtor Intero Los Altos & Carmel, CA
Prof Fiduciary Assoc of CA Silicon Valley affiliate member.
Call
831-346-2743 for an appt.
LMACFARLANE@INTERO.COM
www.LynneMacFarlane.com
Opportunity Knocks
The biggest impacts are more likely to be felt at the local market level and will depend on the current
demand profile of their buyers against ongoing supply. So, expect to hear some conflicting analysis
because all markets are not equal and results from a North American perspective could look very
different at the grassroots level.
While there will be much debate about how things will play out over the next year, like all markets,
there is always an opportunity for those who are ready. There are niches in every market: whether
moving to a location that affords a better cost of living, recognizing luxury pockets or property types
that are next in the demand cycle, or simply biding one’s time in anticipation of finding a property
that is below market value.
Regardless of an affluent buyer’s financial profile, there is still significant confidence in the luxury
real estate market and a belief in the stability of owning property. Even if some buyers previously
dropped out of the real estate game due to fatigue, frustration, or even hesitation during 2023, in
2024 they may be primed to return as inventory levels improve.
We highly recommend working with a luxury property specialist during this unconventional market
to ascertain what is truly happening in your local marketplace. The art of selling and buying in this
market needs a critical and analytical approach; understanding the realities and setting expectations
accordingly will ensure that goals are achieved.
Luxury Markets in Demand
As demand returns, we review several markets in the U.S. and Canada that experienced significant growth in March. Much has been written recently about the popularity of lower priced luxury markets, especially in the Midwest, so we wondered, with the uptick in sales during March, if this trend was still holding true…or if another shift is occurring.
East Bay, California
Taking the number one spot is not a Midwest market, but East Bay in California, where the median luxury sold price averaged close to $1.5 million during the first quarter of 2023. Not only did this market see a huge increase in demand during the pandemic, but once again it is drawing buyers to
its highly diversified communities and seems set for a strong spring market.
STRONG MARKET CONTINUES—While August homes sales in Dane County did not set records like June and July, the 713 sales are slightly more than 2014, keeping the year-to-date total 13.8% ahead of last year. For the first eight months, total sales in 2015 are second highest on record, exceeded only by those in 2005 (which also is the record year for annual sales).
New listings are keeping pace with 2014 yet the number of active residential listings is still very much on the lean side. The supply of active inventory is 3.3 months compared to 4.8 months at this same time in 2014 and 2013. Generally a six-month supply is considered to represent a balanced market between buyers and sellers.
While home sale prices rose 8.3% in June continuing positive momentum from the spring, the trend is still early according to 12-month averages. The number of closed sales rose 47.6% to a five-year high of 94 homes. Market time to sell a home fell 31% to 159 days on average and homes are selling closer to their original list price, both signs of a strong, seller's market. Inventory continues to fall across all price ranges, especially for distressed properties, leading to bidding wars and homes going under contract within a week of listing. The report recommends that both buyers and sellers act now to take advantage of low interest rates and limited housing supply.
The document provides a real estate market update and outlook for 2014. It summarizes 2013 real estate data showing that existing home sales were the highest since 2006 and median home prices saw strong growth. Inventory levels were down across most price points in the Chicago area in 2013. The outlook for 2014 predicts slightly higher home sales, a 5% increase in median home prices, lower unemployment, and continued growth in homeowner equity. The document concludes by asking if the audience would consider listing their home for sale in 2014.
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California Home Sales Maintain Pace in September as Price Gains Temper and Market Balances, C.A.R. Reports
1. California Home Sales Maintain Pace in September as Price
Gains Temper and Market Balances, C.A.R. Reports
LOS ANGELES--(BUSINESS WIRE)--California home sales remained steady in September, as home
price gains
eased back from an unusually high increase in August, the CALIFORNIA
ASSOCIATION OF REALTORS® (C.A.R.) said today.
Closed escrow sales of existing, single-family detached homes in
California totaled a seasonally adjusted annualized rate of 396,440
units in September, according to information collected by C.A.R. from
more than 90 local REALTOR® associations and MLSs statewide. Sales in
September inched up 0.4 percent from a revised 394,700 in August and
were down 4.2 percent from 413,850 in September 2013. September marked
the 11th straight month that sales were below the 400,000 level and the
14th straight month that sales have declined on a year-over-year basis.
The statewide sales figure represents what would be the total number of
homes sold during 2014 if sales maintained the September pace throughout
the year. It is adjusted to account for seasonal factors that typically
influence home sales.
"All of the current market indicators point to a more balanced real
estate market," said C.A.R. President Kevin Brown. "With market
competition cooling down, buyers' and sellers' expectations are more in
line with each other. The sales price-to-list price ratio is moving
toward a more normal level of nearly 98 percent, as compared to 100
percent a year ago, when the market saw a frenzy of multiple offers. The
drop in the ratio implies that sellers are pricing more realistically."
The median price of an existing, single-family detached California home
2. fell 4 percent from August's median price of $480,280 to $460,940 in
September but was up 7.6 percent from the revised $428,290 recorded in
September 2013. The statewide median home price has been higher on a
year-over-year basis for more than two years. The median sales price is
the point at which half of homes sold for more and half sold for less;
it is influenced by the types of homes selling as well as a general
change in values.
"September's slight sales increase and tempering in home price gains
suggest optimism as we head into the slower homebuying season," said
C.A.R. Vice President and Chief Economist Leslie Appleton-Young. "Home
prices are stabilizing, and the year-to-year sales decline is at the
lowest level we've seen in the last 12 months. The cooling price growth
and recent drops in mortgage rates will ease housing affordability and
help to improve sales in the final months of the year."
Other key facts from C.A.R.'s September 2014 resale housing report
include:
Housing inventory inched up higher in September, with the available
supply of existing, single-family detached homes for sale increasing
from 4 months in August to 4.2 months in September. The index was 3.6
months in September 2013. The index indicates the number of months
3. needed to sell the supply of homes on the market at the current sales
rate. A six- to seven-month supply is considered typical in a normal
market.
The median number of days it took to sell a single-family home rose in
September, up from a revised 38.5 days in August to 39.2 days in
September and from a revised 29.8 days in September 2013.
Mortgage rates rose slightly in September, with the 30-year,
fixed-mortgage interest rate averaging 4.16 percent, up from 4.12
percent in August but down from 4.49 percent in September 2013,
according to Freddie Mac. Adjustable-mortgage interest rates in
September were also up, averaging 2.43 percent, up from 2.37 percent
in August but down from 2.67 percent in September 2013.
Graphics (click links to open):
Note: The County MLS median price and sales data in the tables are
generated from a survey of more than 90 associations of REALTORS®
throughout the state, and represent statistics of existing single-family
detached homes only. County sales data are not adjusted to account for
seasonal factors that can influence home sales. Movements in sales
prices should not be interpreted as changes in the cost of a standard
home. The median price is where half sold for more and half sold for
less; medians are more typical than average prices, which are skewed by
a relatively small share of transactions at either the lower-end or the
upper-end. Median prices can be influenced by changes in cost, as well
as changes in the characteristics and the size of homes sold. Due to the
low sales volume in some
http://www.san-jose-real-estate-brokers.com/milpitas-real-estate-brokers.htm areas, median price
changes in September
4. exhibit unusual fluctuation. The change in median prices should not be
construed as actual price changes in specific homes.
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Leading the way...® in California real estate for more than 100
years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org)
is one of the largest state trade organizations in the United States
with 165,000 members dedicated to the advancement of professionalism in
real estate. C.A.R. is headquartered in Los Angeles.
September 2014 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)
September 2014
Median Sold Price of Existing Single-Family Homes
Sales
State/Region/County
Sept.
Aug.
48. $170,000
10.4%
29.9%
-1.4%
-1.4%
r = revised
NA = not available
September 2014 County Unsold Inventory and Time on Market
(Regional and condo sales data not seasonally adjusted)
September 2014
Unsold Inventory Index
Median Time on Market
State/Region/County
97. 19.0
16.0
r = revised
NA = not available
http://www.businesswire.com/news/home/20141022006106/en/California-Home-Sales-Maintain-Pace
-September-Price