Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
The housing market summary provides data on home sales, median home prices, housing supply, and affordability for the areas of Alameda County, California, and the United States in 2020. Home sales increased in the US but decreased in Alameda County. Median home prices rose over 10% in both areas. Housing supply fell sharply while the minimum income needed to buy a home increased substantially, leading to low housing affordability indexes in both the county and nationwide.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
The housing market summary provides data on home sales, median home prices, housing supply, and affordability for the areas of Alameda County, California, and the United States in 2020. Home sales increased in the US but decreased in Alameda County. Median home prices rose over 10% in both areas. Housing supply fell sharply while the minimum income needed to buy a home increased substantially, leading to low housing affordability indexes in both the county and nationwide.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
This document provides a summary of the 2021 housing market forecast from the California Association of Realtors. It predicts that while home sales declined sharply in 2020 due to the pandemic, sales have rebounded strongly in recent months with existing home sales in August 2020 being the highest in over 10 years. Home prices have also risen, increasing over 14% year-over-year in August. Inventory remains low with months of supply at 2.1 months in August, down significantly from the prior year. The recovery in the housing market has been aided by historically low interest rates and continued buyer demand despite job losses during the pandemic.
This document provides housing market statistics for San Francisco County in July 2020, including the number of homes for sale, median home prices, estimated monthly mortgage payments, and down payment amounts for 1, 2, 3, and 4+ bedroom homes. Interest rates from the current, last year, and last month are also listed.
The document summarizes data from the Congressional Budget Office on the impact and status of funds from the 2009 American Recovery and Reinvestment Act. It reports that $787 billion was appropriated across tax benefits, entitlement programs, and grants/contracts/loans. As of November 2009, about half of funds for entitlements and tax relief had been spent, while only 25% of grants/contracts/loans had been obligated or spent due to issues like winter weather conditions and regulatory hurdles. Specific programs like highway construction and housing weatherization saw even lower percentages of funds spent.
Technical Advantage Group is a solar energy company that provides photovoltaic (PV) solar systems for residential and commercial customers. They offer design, installation, financing assistance, and consulting services for PV systems. Customers can benefit from state and federal incentives like rebates, tax credits, and net metering. Solar energy systems convert sunlight into electricity to power homes and businesses, reducing electric bills and dependence on fossil fuels.
How Much Does Holding A Property Cost in Austin? - www.TheTexasHouseBuyer.comLeah Pomar
Holding onto a property in Austin comes with ongoing costs, including property taxes, utilities, maintenance and repairs, homeowners insurance, mortgage payments, and opportunity costs. Together these can amount to thousands of dollars or more per year. It may be time to consider selling if the property is not generating income or being used, in order to avoid ongoing financial responsibility and put the money towards other investments or opportunities.
This document provides statistics from various sources about housing costs and affordability. It includes data from 2002 on monthly house payments and total repayment amounts for 30-year loans from the U.S. Census Bureau for two counties. It also contains 2005 monthly utility statistics for the Midwest from the Energy Information Administration. The document is authored by Bradley Campbell, founder of S.T.R.A.W. Inc., an organization aimed at keeping shelter affordable worldwide.
The document summarizes the monthly budget for a newly married couple. It outlines their sources of income totaling $5280 per month. It then details their monthly expenses which include $700 for rent, $600 for groceries, $400 for clothing, $300 for car financing, $150 for car insurance, $300 for gas, $100 for car maintenance, $1000 in savings, $100 for cell phone bills, $100 for charity donations, and $500 for other allowances, totaling $4250 per month. This leaves them $830 per month for additional costs like entertainment and unexpected expenses.
The document discusses energy spending by residents in Petaluma, CA, noting that the average household spends $1600 per year on utilities and $2900 per year on gasoline. It also notes that the total utility bill for all homes in Petaluma is $39 million, total gasoline expense is $72 million, and total energy spending is $111 million. The document suggests that if residents adopted various energy savings measures like buying more efficient cars, installing solar panels, upgrading appliances, and using smart thermostats, it could result in annual energy savings of $7.4 million for residents and increase local retail spending and jobs.
Increasing NOI & NAV with Smart Building Technologies & Intelligent DataRyan Slack
This document outlines various energy efficiency and sustainability projects that can be implemented at a multifamily property, along with their expected financial impacts. It lists 5 projects: 1) real-time energy monitoring and training, 2) LED lighting upgrades, 3) wireless controls, 4) combined heat and power, and 5) solar/battery storage. For each project it provides the estimated net operating income increase, capital expenditure, net asset value increase, and payback period. Implementing these projects could result in annual energy savings of $250,000 and increase the property's net asset value by $3.5 million.
The document thanks the recipient for signing up for the Future Energy tariff, which supports renewable energy sources and environmental education programs. It contributes £2 per month to match electricity usage with renewable sources through the National Grid and support a fund for schools to reduce emissions and teach green values. As a thank you, signees receive 20% off energy efficient gadgets with a provided code. The tariff is one of many British Gas programs to help customers live sustainably and save money through an energy savings report.
The document discusses America's energy crisis and dependence on foreign oil. It proposes that homeowners can take steps to reduce their carbon footprint and energy costs through home energy audits, purchasing renewable energy credits (RECs), and earning referral commissions by sharing information about the program. RECs help boost the renewable energy industry and economy while qualifying homes as environmentally friendly and lowering long-term energy costs.
This document discusses how to calculate the maximum amount a household can afford for housing expenses. It provides that total housing costs should not exceed 32% of gross monthly income. It then calculates that for a household with a $5,680 monthly income, total affordable housing expenses are $1,817.60. Given property taxes of $173 and heating costs of $217, it finds the maximum allowable mortgage payment is $1,427.60. Using a 6.5% interest rate over 25 years, it determines the largest mortgage the household can qualify for. It finally calculates the maximum home price the household can afford given a $30,000 down payment.
The document discusses whether a couple can afford to buy a house by laying out their monthly expenses, income, and potential house payments. It finds that the couple's total monthly income is $4400 and expenses are $2300, leaving $2100 for a house payment. It then calculates payments of $900, $1200, and $1500 for three potential houses. Based on their budget, the document determines the couple could afford the $900 payment for the $150,000 House #1.
This document contains electricity bills and usage data from multiple customers that installed a PowerwoRx device. It summarizes their electricity usage and cost savings compared to the same time periods before installing the device. For example, one customer in Nebraska saw a 29% reduction in electricity usage in June 2008 and a 27% reduction in August 2008 compared to the previous year. Another customer in Iowa saw a 40% reduction in usage for July 2008 compared to the same month previously. A customer in Florida achieved savings of $340 over July-September 2008.
The document discusses how to calculate how much home one can afford based on their monthly income. It lists the major monthly home expenses as mortgage, property taxes, and heating costs. It provides the general rule that total home expenses should not exceed 32% of gross monthly income. An example is given for a couple with $5680 monthly income to calculate their total affordable household expenses and maximum allowable mortgage payment amounts based on expected property taxes and heating costs. Formulas are provided to calculate maximum home price affordability based on down payment and mortgage amounts.
The document discusses housing issues in Guilford County in 2006 such as homelessness, foreclosures, and evictions. It notes that when families lose housing, everyone pays through increased costs for services. Reasons for housing loss include health issues, family problems, high housing expenses, and cuts to subsidies. The document advocates for investing in decent housing, which benefits both individuals and communities through jobs, safety, and economic development. It outlines efforts in 2006 by organizations to address homelessness and improve housing conditions, and plans for continued work in 2007.
Tough economic conditions and poor summer weather have led to declines in wholesale power prices. Annual gas and electricity costs are down 15-22% from last year due to falling fuel costs. Coal prices have also declined but not as much as gas. Lower economic growth in Europe, the US and China has reduced demand for energy, pushing down prices for oil, gas and coal. While consumers are benefiting from lower energy bills, the poor weather in the UK has increased residential gas usage. Overall gas demand is indicating the domestic economy remains resilient despite struggles in big industry. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
Real Estate Board of Greater Vancouver Statistics Package August 2021Vicky Aulakh
- Home sales in Metro Vancouver increased 3.4% in August 2021 compared to August 2020, but listings declined 30.6%, leaving the housing market undersupplied.
- The total number of homes listed for sale was 29.7% lower than August 2020 and 8.6% lower than July 2021, with only 9,005 homes currently listed.
- The sales-to-active listings ratio of 35% indicates downward pressure on prices, but analysts say a sustained ratio below 12% is needed to significantly impact prices.
- Home sales in Metro Vancouver increased 3.4% in August 2021 compared to August 2020, but listings declined 30.6%, leaving the housing market undersupplied.
- The total number of homes listed for sale was 29.7% lower than August 2020 and 8.6% lower than July 2021, with only 9,005 homes currently listed.
- The sales-to-active listings ratio of 35% indicates downward pressure on prices, but analysts say a sustained ratio below 12% is needed to significantly impact prices.
Take a look at these annual side-by-side comparisons to see how your county sales and affordability hold up next to the state and country as a whole. Indicators provided are sales, median prices, supply, and affordability.
This document provides a summary of the 2021 housing market forecast from the California Association of Realtors. It predicts that while home sales declined sharply in 2020 due to the pandemic, sales have rebounded strongly in recent months with existing home sales in August 2020 being the highest in over 10 years. Home prices have also risen, increasing over 14% year-over-year in August. Inventory remains low with months of supply at 2.1 months in August, down significantly from the prior year. The recovery in the housing market has been aided by historically low interest rates and continued buyer demand despite job losses during the pandemic.
This document provides housing market statistics for San Francisco County in July 2020, including the number of homes for sale, median home prices, estimated monthly mortgage payments, and down payment amounts for 1, 2, 3, and 4+ bedroom homes. Interest rates from the current, last year, and last month are also listed.
The document summarizes data from the Congressional Budget Office on the impact and status of funds from the 2009 American Recovery and Reinvestment Act. It reports that $787 billion was appropriated across tax benefits, entitlement programs, and grants/contracts/loans. As of November 2009, about half of funds for entitlements and tax relief had been spent, while only 25% of grants/contracts/loans had been obligated or spent due to issues like winter weather conditions and regulatory hurdles. Specific programs like highway construction and housing weatherization saw even lower percentages of funds spent.
Technical Advantage Group is a solar energy company that provides photovoltaic (PV) solar systems for residential and commercial customers. They offer design, installation, financing assistance, and consulting services for PV systems. Customers can benefit from state and federal incentives like rebates, tax credits, and net metering. Solar energy systems convert sunlight into electricity to power homes and businesses, reducing electric bills and dependence on fossil fuels.
How Much Does Holding A Property Cost in Austin? - www.TheTexasHouseBuyer.comLeah Pomar
Holding onto a property in Austin comes with ongoing costs, including property taxes, utilities, maintenance and repairs, homeowners insurance, mortgage payments, and opportunity costs. Together these can amount to thousands of dollars or more per year. It may be time to consider selling if the property is not generating income or being used, in order to avoid ongoing financial responsibility and put the money towards other investments or opportunities.
This document provides statistics from various sources about housing costs and affordability. It includes data from 2002 on monthly house payments and total repayment amounts for 30-year loans from the U.S. Census Bureau for two counties. It also contains 2005 monthly utility statistics for the Midwest from the Energy Information Administration. The document is authored by Bradley Campbell, founder of S.T.R.A.W. Inc., an organization aimed at keeping shelter affordable worldwide.
The document summarizes the monthly budget for a newly married couple. It outlines their sources of income totaling $5280 per month. It then details their monthly expenses which include $700 for rent, $600 for groceries, $400 for clothing, $300 for car financing, $150 for car insurance, $300 for gas, $100 for car maintenance, $1000 in savings, $100 for cell phone bills, $100 for charity donations, and $500 for other allowances, totaling $4250 per month. This leaves them $830 per month for additional costs like entertainment and unexpected expenses.
The document discusses energy spending by residents in Petaluma, CA, noting that the average household spends $1600 per year on utilities and $2900 per year on gasoline. It also notes that the total utility bill for all homes in Petaluma is $39 million, total gasoline expense is $72 million, and total energy spending is $111 million. The document suggests that if residents adopted various energy savings measures like buying more efficient cars, installing solar panels, upgrading appliances, and using smart thermostats, it could result in annual energy savings of $7.4 million for residents and increase local retail spending and jobs.
Increasing NOI & NAV with Smart Building Technologies & Intelligent DataRyan Slack
This document outlines various energy efficiency and sustainability projects that can be implemented at a multifamily property, along with their expected financial impacts. It lists 5 projects: 1) real-time energy monitoring and training, 2) LED lighting upgrades, 3) wireless controls, 4) combined heat and power, and 5) solar/battery storage. For each project it provides the estimated net operating income increase, capital expenditure, net asset value increase, and payback period. Implementing these projects could result in annual energy savings of $250,000 and increase the property's net asset value by $3.5 million.
The document thanks the recipient for signing up for the Future Energy tariff, which supports renewable energy sources and environmental education programs. It contributes £2 per month to match electricity usage with renewable sources through the National Grid and support a fund for schools to reduce emissions and teach green values. As a thank you, signees receive 20% off energy efficient gadgets with a provided code. The tariff is one of many British Gas programs to help customers live sustainably and save money through an energy savings report.
The document discusses America's energy crisis and dependence on foreign oil. It proposes that homeowners can take steps to reduce their carbon footprint and energy costs through home energy audits, purchasing renewable energy credits (RECs), and earning referral commissions by sharing information about the program. RECs help boost the renewable energy industry and economy while qualifying homes as environmentally friendly and lowering long-term energy costs.
This document discusses how to calculate the maximum amount a household can afford for housing expenses. It provides that total housing costs should not exceed 32% of gross monthly income. It then calculates that for a household with a $5,680 monthly income, total affordable housing expenses are $1,817.60. Given property taxes of $173 and heating costs of $217, it finds the maximum allowable mortgage payment is $1,427.60. Using a 6.5% interest rate over 25 years, it determines the largest mortgage the household can qualify for. It finally calculates the maximum home price the household can afford given a $30,000 down payment.
The document discusses whether a couple can afford to buy a house by laying out their monthly expenses, income, and potential house payments. It finds that the couple's total monthly income is $4400 and expenses are $2300, leaving $2100 for a house payment. It then calculates payments of $900, $1200, and $1500 for three potential houses. Based on their budget, the document determines the couple could afford the $900 payment for the $150,000 House #1.
This document contains electricity bills and usage data from multiple customers that installed a PowerwoRx device. It summarizes their electricity usage and cost savings compared to the same time periods before installing the device. For example, one customer in Nebraska saw a 29% reduction in electricity usage in June 2008 and a 27% reduction in August 2008 compared to the previous year. Another customer in Iowa saw a 40% reduction in usage for July 2008 compared to the same month previously. A customer in Florida achieved savings of $340 over July-September 2008.
The document discusses how to calculate how much home one can afford based on their monthly income. It lists the major monthly home expenses as mortgage, property taxes, and heating costs. It provides the general rule that total home expenses should not exceed 32% of gross monthly income. An example is given for a couple with $5680 monthly income to calculate their total affordable household expenses and maximum allowable mortgage payment amounts based on expected property taxes and heating costs. Formulas are provided to calculate maximum home price affordability based on down payment and mortgage amounts.
The document discusses housing issues in Guilford County in 2006 such as homelessness, foreclosures, and evictions. It notes that when families lose housing, everyone pays through increased costs for services. Reasons for housing loss include health issues, family problems, high housing expenses, and cuts to subsidies. The document advocates for investing in decent housing, which benefits both individuals and communities through jobs, safety, and economic development. It outlines efforts in 2006 by organizations to address homelessness and improve housing conditions, and plans for continued work in 2007.
Tough economic conditions and poor summer weather have led to declines in wholesale power prices. Annual gas and electricity costs are down 15-22% from last year due to falling fuel costs. Coal prices have also declined but not as much as gas. Lower economic growth in Europe, the US and China has reduced demand for energy, pushing down prices for oil, gas and coal. While consumers are benefiting from lower energy bills, the poor weather in the UK has increased residential gas usage. Overall gas demand is indicating the domestic economy remains resilient despite struggles in big industry. Future price movements will depend on developments in the Eurozone crisis and economic performance of the US and China.
Real Estate Board of Greater Vancouver Statistics Package August 2021Vicky Aulakh
- Home sales in Metro Vancouver increased 3.4% in August 2021 compared to August 2020, but listings declined 30.6%, leaving the housing market undersupplied.
- The total number of homes listed for sale was 29.7% lower than August 2020 and 8.6% lower than July 2021, with only 9,005 homes currently listed.
- The sales-to-active listings ratio of 35% indicates downward pressure on prices, but analysts say a sustained ratio below 12% is needed to significantly impact prices.
- Home sales in Metro Vancouver increased 3.4% in August 2021 compared to August 2020, but listings declined 30.6%, leaving the housing market undersupplied.
- The total number of homes listed for sale was 29.7% lower than August 2020 and 8.6% lower than July 2021, with only 9,005 homes currently listed.
- The sales-to-active listings ratio of 35% indicates downward pressure on prices, but analysts say a sustained ratio below 12% is needed to significantly impact prices.
Home sales in the Metro Vancouver housing market declined below the long-term average in 2019 despite increased demand at the end of the year. Sales increased 3% from 2018 but were still 20.3% below the 10-year average. Prices dipped between 2-4% across property types depending on the area. Listings decreased from 2018 but were still below the 10-year average, indicating low inventory. Home buyer confidence improved in the second half of the year, leading to above average sales in the fourth quarter of 2019.
- Existing home sales were down slightly in August 2022 according to the National Association of Realtors, falling 2% after two consecutive months of increases. The median home sales price rose nearly 15% compared to the previous year.
- In San Francisco, the median sales price for single-family homes rose 6.1% to $1,750,000, while the median price for condos rose 3.8% to $1,220,000 in September 2021 compared to the previous year.
- New listings declined from the previous year, falling 14.6% for single family homes and 29.3% for condos, while pending sales rose for both single family homes and condos compared to
A strong argument can be made that we are living beyond our means, but that does not mean that it can’t be fixed. @onthehouse @ljgrealestate @GillandDebello
- In October 2020, detached single-family home sales in Greater Boston reached a record high of 1,433 homes sold, a 36.9% increase from October 2019. The median sales price rose 18% from the previous year to a new record high of $700,000.
- Condominium sales in October 2020 also set a new record with 949 units sold, a 9.3% increase over the previous year. The median condo price rose 4.6% to $575,000, a new high for October.
- Multi-family home sales increased 6.4% compared to October 2019, with 198 units sold last month.
The document appears to be about news events or current affairs. However, it provides no details about any specific news stories, events, or other information. All it states is the single word "News" without any other context or supporting information. Therefore, it is difficult to determine what exactly the document is referring to or about based on the limited information provided.
Liz Chen earns $33,944 as a psychologist and Karen Kuo earns $30,596 as a teacher. Their annual costs for housing, healthcare, transportation, utilities, food, savings and activities total $21,210.07 for Liz and $18,176.96 for Karen. After expenses, Liz has $6,147.28 remaining and Karen has $4,433.45 remaining for the first year.
Liz Chen has an annual income of $33,944 as a psychologist and Karen Kuo has an annual income of $30,596 as a math teacher. Their annual costs including housing ($6,961), healthcare ($1,614 for Liz and $1,131 for Karen), transportation, utilities, food, furniture, savings and extracurricular activities leave Liz with $6,147 remaining and Karen with $4,433 remaining at the end of the first year. Both are able to afford living in Minneapolis on their incomes after accounting for all major costs of living.
Real Estate Board of Greater Vancouver Statistics Package March 2021Vicky Aulakh
- Home sales and new listings in Metro Vancouver reached record levels in March 2021, with sales increasing 126.1% from March 2020 and listings rising 86.8%.
- The tight housing market is putting upward pressure on home prices, with the benchmark price for all residential properties rising 9.4% over the last year.
- Demand was strongest in suburban and rural areas like Delta-South, Whistler, and Squamish, which saw sales increase over 190% compared to March 2020.
Real Estate Board of Greater Vancouver Statistics Package July 2021Vicky Aulakh
- Housing sales in Metro Vancouver saw moderate trends in July compared to heightened activity during the pandemic. Home sales increased 6.3% year-over-year but decreased 11.6% month-over-month.
- New housing listings decreased 26.4% year-over-year and 25.2% month-over-month, indicating low housing supply remains an issue.
- Benchmark home prices remained virtually unchanged both month-over-month and year-over-year across most property types, suggesting price increases are moderating as supply remains tight.
Real Estate Board of Greater Vancouver - Statistics Package for July 2021Alexander Mackenzie, PMP
- Housing sales in Metro Vancouver saw moderate trends in July compared to heightened activity during the pandemic. Home sales increased 6.3% year-over-year but decreased 11.6% month-over-month.
- New housing listings decreased 26.4% year-over-year and 25.2% month-over-month, indicating low housing supply remains an issue.
- Benchmark home prices remained virtually unchanged both month-over-month and year-over-year across most property types, suggesting price increases are moderating as supply remains tight.
Residential real estate activity in San Francisco remained strong in August 2020, with some metrics up significantly year-over-year. The median sales price of single family homes rose 3.3% to $1,656,000, while the median price for condos fell 2.9% to $1,244,500. Pending sales of both single family homes and condos increased over 45% compared to August 2019. Months of inventory increased sharply for condos while new listings were down for single family homes but up for condos.
Supply response emerges in Metro Vancouver’s active housing marketAlexanderMackenzie13
Home sellers have become increasingly active in Metro
Vancouver’s* housing market this spring in response to heightened demand and rising home
values that have materialized during the pandemic.
- Home sales in Metro Vancouver increased significantly in April 2021 compared to April 2020, with record high home sales for the month of April.
- In response to high demand, home sellers have been more active, with a record number of new listings in April 2021 compared to previous years.
- While new listings are at record highs, demand remains strong and more supply is still needed to balance the market, according to the Real Estate Board of Greater Vancouver.
Residential real estate activity in San Francisco County saw increases in November 2020 compared to the previous year. New listings rose 13.1% for single family homes and 1.3% for condos. Pending sales increased 42.1% for single family homes and 24.9% for condos. Median sales prices were up 5.7% for single family homes to $1,695,000 and up 1.7% for condos to $1,200,000. Inventory levels increased for both property types.
This document from the Canada Mortgage and Housing Corporation provides an outlook on the 2020 housing market in Hamilton-Burlington. It summarizes CMHC's forecasts for 2019, which were generally accurate for home sales and prices. Affordability improved slightly from 2019. Strong employment is expected to sustain home sales, while demand has increased from buyers in the Greater Toronto Area. The forecast anticipates home prices to continue rising moderately in 2020.
The document provides a monthly real estate snapshot for San Francisco County. Some key highlights include:
- New listings were down 46.8% for single family homes and 58% for condos/co-ops in July 2021 compared to a year ago. Pending sales decreased 8% for single family but increased 46.3% for condos/co-ops.
- The median sales price was up 15.3% to $1,850,000 for single family homes but down 4% to $1,210,000 for condos/co-ops in July 2021 versus a year ago. Months of inventory decreased over 60% for both property types.
- Residential real estate activity,
- Residential real estate activity in San Francisco remained strong in September 2020, with buyer demand continuing into the fall season.
- The median sales price of single-family homes increased 8.8% year-over-year to $1,665,000, while the median price of condos decreased 9.1% to $1,205,000.
- Pending sales rose significantly year-over-year for both single-family homes (+30.3%) and condos (+29.5%), indicating robust buyer demand, while new listings declined for single-family homes but increased slightly for condos.
- Residential real estate activity in San Francisco decreased in August 2021 compared to the previous year. New listings were down 38.1% for single family homes and 53.5% for condos. Pending sales also decreased slightly.
- The median sales price of single family homes rose 13.8% to $1,850,000, while the median price for condos fell 5% to $1,150,000. Months of inventory dropped sharply.
- Nationwide, high home prices and low housing supply have increased demand for rentals, driving up rental prices 11.4% so far in 2021. Builders continue to face challenges meeting housing needs due to material and labor shortages.
Expectations and Considerations for 2024
To say that the high-end market has seen a dramatic growth over the last few years is probably an
understatement. The recognition of its impact and undeniable influence, through emerging trends
and architectural innovations, on the broader real estate landscape has been equally significant.
As we step into 2024, the luxury market now stands at another fascinating juncture.
This sector, known for its resilience and capacity to set trends, experienced a notable positive shift
towards the end of 2023. After a period of stagnation driven by economic uncertainties, the market
saw a resurgence in activity, marking a pivotal moment for affluent investors and luxury property
enthusiasts.
The initial three quarters of 2023 were characterized by a cautious approach from both buyers and
sellers, largely attributed to the unpredictable economic climate. Concerns over inflation, fluctuating
interest rates, and the overall economic outlook led to a slowdown in transactions.
However, the landscape began to shift in the last quarter of the year. As indicators of economic
stabilization became more apparent, confidence returned to the luxury real estate market. This
confidence was mirrored in increased inventory levels and a subsequent rise in sales, surpassing
figures from the same period in 2022.
A Market Still Evolving
Early statistics from January 2024, based on the 155 markets researched by The Institute, suggest
that this positive trend is not only continuing but has the potential to accelerate, particularly in
the single-family luxury market. Indicators point to a robust spring market that could potentially
outperform the previous year.
In the luxury single-family market not only are all the data parameters stronger compared to
January 2022, but there is also a trending upwards compared to December 2023. Both the overall
inventory level and new listings entering the market grew 15.9% and 25.4% respectively compared to
NORTH AMERICAN LUXURY REVIEW
January 2023. Compared to December 2023, inventory grew 2% but more importantly, new listings
by a staggering 88.9%. As a result, the single-family market saw an 18.4% increase in sales during
January 2024 compared to January 2023, and the median sold price increased by 1.6%.
Institute of Luxury Home Marketing - Silicon Valley FEB 2024 | Lynne MacFarla...Lynne Watanabe-MacFarlane
Here's the Feb 2024 Institute of Luxury Home Marketing report for Silicon Valley (Peninsula and South Bay Area).
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Here's the report from the Institute of Luxury Home Marketing - North America's top premier destinations single family homes includes median list price, sold price, inventory, new listings, numbers sold, days on market and the market status (Buyer market, Balanced market, Seller market). Official Market Type: Seller's with a 23.94% Sales Ratio.1
• Homes are selling for an average of 97.86% of list price.
• The median luxury threshold2 price is $925,000, and the median luxury home sales price is $1,270,000.
• Markets with the Highest Median Sales Price: Telluride ($6,550,000), Palm Beach Towns ($4,300,000), Park City ($5,150,000), and Los Angeles Beach Cities ($6,300,000).
• Markets with the Highest Sales Ratio: East Bay, CA (99%), Howard County (78%), San Francisco (76%), and Silicon Valley (72%).
1Sales Ratio defines market speed and market type: Buyer's < 15.5%; Balanced >= 15.5 to < 20.5%; Seller's >= 20.5% plus. If >100%, sales from previous month exceeds current inventory. 2 The luxury threshold price is set by The Institute for Luxury Home Marketing.
If interested in a local luxury market report contact us:
LYNNE MACFARLANE HOMES
Intero Los Altos & Carmel | a Berkshire Hathaway affiliate
DRE # 02066698
(408) 800-1141 Silicon Valley
(831) 346-2743 Santa Cruz/Monterey Bay
LMACFARLANE@INTERO.COM
'The best way to sum up the luxury real estate market during 2023 might be that it remained "unapologetically resilient", despite a slower year in the overall sales volume compared to 2022.
Purchasing a luxury home also retained its appeal with high demand from affluent buyers still looking to realize their desire to buy a new residence. Equally they recognized that the investment opportunity remained, albeit over the longer term.
Want to learn more, make sure you connect with MacFarlane Homes Facebook Page:
https://www.facebook.com/LynneMacFarlaneHomes
LYNNE MACFARLANE, MCDM, SRS, SRES | Realtor
Intero Los Altos & Carmel, Berkshire Hathaway
- Institute of Luxury Home Marketing - Member
(408) 800-1141
(831) 346-2743
WWW.LYNNEMACFARLANE.COM
LMACFARLANE@INTERO.COM
• Official Market Type: Seller's with a 23.94% Sales Ratio.1
• Homes are selling for an average of 97.86% of list price.
• The median luxury threshold2 price is $925,000, and the median luxury home sales price is $1,270,000.
• Markets with the Highest Median Sales Price: Telluride ($6,550,000), Palm Beach Towns ($4,300,000), Park City ($5,150,000), and Los Angeles Beach Cities ($6,300,000).
• Markets with the Highest Sales Ratio: East Bay, CA (99%), Howard County (78%), San Francisco (76%), and Silicon Valley (72%).
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 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.
the Luxury Market Report, your guide to luxury real estate market data and trends
for North America. Produced monthly by The Institute for Luxury Home Marketing, this 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.
guide to luxury real estate market data and trends
for North America. Produced monthly by The Institute for Luxury Home Marketing, this 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.
Understanding the New Reality of 2023
In this month’s report, we take a step back in time to understand why the luxury real market has
truly changed, how this new reality for buyers and sellers was created, and why it needs to be
appreciated.
Using 2019 as our benchmark year, a year that saw a steady and more typical sales cycle but one
that also showed a growing confidence in the purchase of luxury homes as the year progressed.
Growth was driven by demand as buyers saw financial potential due to strong stability within the
luxury real estate market.
Inventory availability in 2019 was not considered to be a factor in preventing sales, as most markets
typically saw a significantly greater number of homes for sale than potential buyers. It’s interesting
to note that prior to the pandemic it was rare for the luxury real estate market not to be more
favorable to buyers, and equally, expectations were that homes would take much longer to sell than
those in the traditional market.
As we all know, and it has been well documented, this all changed with the onset of the Covid-19
pandemic and the surge in demand for luxury properties. Demand outstripped supply at a dramatic
and voracious level so that even the rapid change of the market in April 2022, which saw an influx
of new listings, proved to be too little, given the uptake in sales during May and June of the same
year.
Like 2019, in 2023 there has been a return of confidence in the purchase of homes, month over
month sales volumes have increased, after the market faltered in the last four months of 2022.
However, this is where the similarities end, as while demand is still important, the new reality is the
status of the luxury real estate market is now clearly correlated to the level of available inventory.
Comparing inventory data in 2023 shows the average level of total listings per month is still
approximately 40% below levels in 2019.
NORTH AMERICAN LUXURY REVIEW
The data also clearly shows that it is not just the depleted level of inventory that is holding back
sales, but as we can see from the charts below, it is the actual number of new listings entering
the market each month that must also be directly correlated to sales activity – if the level of new
inventory increases, so does the number of sold properties for the month, and vice versa.
This document is the July/August 2023 issue of the Real Estate Business Institute's publication "For Real Estate Professionals". It includes the following:
- Details on the publication such as executives, publisher, and contact information.
- A message from the CEO discussing developing good habits and overcoming bad habits.
- A list of individuals who have earned all four of REBI's real estate credentials.
- An article about properly pricing "oddball" properties that have unique features or uses atypical of standard residential homes. It provides tips for agents on analyzing these types of properties.
Luxury Trends for the Summer
As we head into summer, what trends are set to define this season’s must-haves, and are there
any surprises?
Smart technology and wellness amenities are certainly top favorites of the affluent homeowner,
but today’s buyer is also looking for the home that will fulfil their lifestyle decisions – this more
than just the style of the home and/or its location, it is the experience offered by the property that
will likely set it apart.
This experience tends to encompass not only unique and spectacular features within the home
and its grounds but also the property’s location and surrounding amenities. Affluent buyers’
expectations have shifted, becoming honed by the need to find a sense of purpose for their chosen
property and its location as well the opportunity to still add their personal identity and style.
Despite lingering uncertainty outside the luxury real estate market, the steadiness of prices, sales,
and inventory levels have resulted in a consistent increase in the demand for luxury properties
during the first five months of 2023.
The number of luxury properties sold has risen month over month since the start of 2023, aside
from January, which did see a downturn in sales. Despite the slight plateau in April, May’s figures
saw a 33% increase in sales for single-family homes compared to April and attached properties
sales were 26% higher.
This has been assisted by the increased level of new inventory entering the market, up 22%
compared to April 2022 for single-family homes and 14% for attached homes – putting inventory
levels back on par with levels seen in May 2022.
While an increase in new inventory has resulted in a greater number of sales, the significant
difference in percentage increase of sales versus new inventory proves that the demand for luxury
properties continues, enabling the market to remain strong.
- Strength and Comfort -
There is a focus on permanence in all aspects of the luxury real estate market with quick fads a
trend of the past; expect to see quality, endurability, and sustainability as the key determinants in
the building, design, and refurbishment of homes for the remainder of the year.
Nature is being embraced, creating a more natural feel through layering, texturing, sustainability processes. Color neutrality with warmer palettes, and Artisan and artistic features are being blended into old and new designs to create soothing, comfortable, yet unique environments.
These elements will be at the forefront of this season’s design palette, and technology will be implemented to provide efficiency but, more specifically, to create spaces and features that offer a sense of ambient wellness.
Color and Texture Return
The cool greys, sharp blacks, and clean or pure whites are taking a back seat as earthy greens, soft
yellows, deep reds, and gentle pinks, used for accents and contrast, are blended with more warm
neutral palettes creating richer dimensions to rooms. Warm greys, creams, and browns
Here's how to make your home fire-resistant inside and out. This is a nice guide to help homeowners become protected against fires in California. Many homeowners have experienced difficulty in securing affordable fire insurance or have faced policy non-renewals, leaving them vulnerable and financially exposed in the face of potential fire disasters.
The document contains summaries of real estate data for Santa Clara County from Aculist for single family residences and common interest developments between April 2022/2023 and May 2023. It includes statistics on median home prices, new property listings, and sale to list price ratios that have increased, decreased, or remained stable for the different property types over the past year. All data is current as of May 8, 2023.
This document contains multiple sections of real estate data from Aculist for San Benito County, California in 2023. It includes the median home price for March 2022 and 2023, the month-over-month change in median price from February to March 2023, new property listings for March 2022 and 2023, the month-over-month change in new listings from February to March 2023, and the sale to list price ratio for homes sold in March 2022 and 2023. All data is current as of April 5, 2023 and focuses on single family residences as well as common interest developments like condominiums.
The document contains multiple sections of real estate data and statistics for Santa Cruz County from Aculist dated April 2023, including median home prices for single family residences and common interest developments from 2020-2023, new property listings from March 2022-2023, new listings for the week ending April 1st 2023, and sale to list price ratios for single family homes and common interest developments from March 2022-2023. Each section notes that the data is current as of various dates in early April 2023 and is copyrighted by Aculist.
The document contains real estate data from Aculist for San Mateo County in April 2023. It includes statistics on median home prices, new property listings, and sale to list price ratios for both single family residences and common interest developments in March 2022 and 2023. The data provides comparisons of real estate market trends in San Mateo County over the past year.
The document contains monthly real estate data from Aculist for Monterey County from March 2022 to March 2023. It includes statistics for single family residences and common interest developments, such as median home prices, new property listings, and sale to list price ratios. The data shows some metrics increased and others decreased when comparing the same period year-over-year.
The document contains real estate data from Aculist for Santa Clara County in April 2023. It includes statistics on median home prices, new listings, and sale to list price ratios for both single family residences and common interest developments in March 2022 and 2023 with data current as of April 5, 2023. New listings decreased year-over-year in March for both single family and common interest properties while sale to list price ratios also decreased.
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.
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With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
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Explore the latest development status of Dholera Smart City in 2024. Discover the progress, infrastructure, and future plans of India's first greenfield smart city.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
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June 2024 Lancaster County Sales Meeting for Berkshire Hathaway HomeServices Homesale Realty covering the following topics: 1. VA Suspends Buyer Agent Payment Plan (article), 2. Frequently Used Terms in title, 3. Zillow Showcase Overview, 4. QuickBuy commission promotion, 5. Documenting Cooperative Compensation, 6. NAR's Code of Ethics - Mass Media Solicitations, 7. Is it really cheaper to rent? 8. Do's and Don't's when Terminating the Agreement of Sale, 9. Living in an UBER World
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welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
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Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
1. Housing Market Summary
Housing
Affordability
Housing
Affordability
Housing
Affordability
USA California Tuolumne
1,119
2020 Home Sales
+37.0%
Change from 2019
$322,000
2020 Median Home Price
+7.3%
Change from 2019
1.9 months
Supply Dec. 2020
-67.2%
Change from 2019
$61,200
Minimum Income
required to buy a home
50%
Housing Affordability
Index (Q42020)
$61,205
Median Household
Income
Sources: CALIFORNIA ASSOCIATION OF REALTORS®,
Claritas, National Association REALTORS®
411,870
2020 Home Sales
+3.5%
Change from 2019
$659,380
2020 Median Home Price
+11.3%
Change from 2019
1.3 months
Supply Dec. 2020
-48.0%
Change from 2019
128,800
Minimum Income
required to buy a home
27%
Housing Affordability
Index (Q42020)
$75,670
Median Household
Income
5,066,000
2020 Home Sales
+5.6%
Change from 2019
$299,900
2020 Median Home Price
+9.2%
Change from 2019
1.9 months
Supply Dec. 2020
-36.7%
Change from 2019
$56,800
Minimum Income
required to buy a home
55%
Housing Affordability
Index (Q42020)
$62,280
Median Household
Income