Donner
Lake Real Estate Market Update
We
woke up to a thick blanket of snow this morning. First of the season! Hard to believe
winter is just around the corner but it is. The summer was, as usual, too short
and it was a smoky one towards the end.
At
the end of the third quarter, there were 38 homes on the market with a price range
of $339,000 to $4,900,000. There were 7 homes in escrow listed between $299,900
and $1,449,000. There were 10 sales during the third quarter with prices
ranging from $275,000 to $1,634,200. There were 8 condos on the market, no condos
in escrow and 4 sold in the third quarter. There are no lots in escrow, 4 lots
have sold and 26 lots were on the market.
The news about the housing market is continuing to look very
positive. The
California Association of Realtors’ “2014 California Housing Market Forecast”
projects sales to increase by 3.2 percent next year. While the C.A.R.’s forecast
also projects 30-year fixed mortgage interest rates to increase, they will
remain at historically low levels. The California median home price is forecast
to increase 6 percent to $432,800 in 2014, following a projected 28 percent
increase in 2013 to $408,600. With economic and employment projections also
improving, the California housing market will continue
to recover next year.
I am here to help you
and to serve your real estate needs. You can always expect the highest level of
service and attention to detail from me.
If you have been thinking of selling - now is a GREAT
time!
Call me today for a FREE MARKET ANALYSIS of your property!
