California Realtor Association Survey: Sellers are excited about the market again!

A recent survey by the California Association of Realtors (C.A.R.) shows that home sellers are more optimistic about the real estate market again. Some of their conclusions are:

• More sellers are repurchasing a home after selling compared to 2012. 
• More sellers who did not previously repurchase are planning to purchase another home in the future. 
• More sellers believe home prices are rising compared to 2012. 
• Reasons for selling have changed since 2012 when financial hardships were the major reason. 
• Trading up, low interest rates and cashing out are the main reasons. 
• More sellers are receiving multiple offers than in 2012. 
• Bidding wars are more common averaging overall 2.2 offers over asking price. 
• Social media is playing a bigger role in the selling process.

 All these activities indicate a significant improvement in how sellers perceive the market these days.

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Real Estate Market Update for Donner Lake - 4th Quarter 2013

 

HAPPY NEW YEAR!

Another New Year is upon us and reflecting on the past year I see the Truckee housing market has continued to be strong with prices continuing to increase through 2013.  The median sales price in Truckee for the fourth quarter of 2013 was up 26% over 2012. The number of sales was down 14% over 2012 due to the persistent shortage of homes for sale in our area resulting in higher prices and shorter days on the market. Days on the market decreased in the fourth quarter of 2013 28% from 2012.

Currently there are 24 homes on the market with a price range of $349,000 to $4,900,000. There are 5 homes in escrow listed between $369,000 and $1,449,000. There were 13 sales during the fourth quarter with prices ranging from $249,000 to $1,700,000. There are 6 condos on the market, no condos in escrow and 1 sold in the fourth quarter. One lot is in escrow, 1 lot sold and 23 lots are on the market.

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!

The inventory is low and there are buyers looking!

Call me today for a FREE MARKET ANALYSIS of your property!

Donner Lake Real Estate Market Update

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!