Is fall the right time to sell?

Is fall the right time to sell? There may be fewer showings and buyers coming to your open houses, but the buyers this season tend to be more motivated. Think about it–while the rest of us are frantically shopping, preparing for family gatherings and trips to Grandma’s, buyers who are out in the damp and cold are, well, really motivated to find a home. Lower inventory = less competition for the fall seller.  

Is fall the right time to sell?

Is fall the right time to sell?

Thinking about selling, but not sure if this is the right time for you? Call me and let’s talk. This is an important decision and it can help to get the perspective of a seasoned professional.

MILLENNIALS HOUSING CONFIDENCE BUOYED

Overall, Americans are more confident in the housing market than at the start of the year, buoyed by optimism among millennials but with tempered expectations in general for future market performance.

Bullish on housing market

Bullish on housing market

Younger renters are upbeat about their future homebuying prospects. Among millennial renters (aged 18-34), 82 percent said they were confident or somewhat confident that they will be able to afford to own a home someday, compared to 64 percent of Generation X renters (those aged 35-49), and just 48 percent of Baby Boomer renters (aged 50-64). Millennials overall were also far more optimistic about future home value appreciation. One-third of millennials (33 percent) said they expected home values to rise more than 6 percent per year over the next decade, compared to 21 percent of Generation X and just 15 percent of Baby Boomers.
Here are the stats for Contra Costa County as of August:

New listings in our  region were down -27 percent for detached homes and down -14.3 for attached properties. Pending Sales decreased -9 percent for single-family homes and decreased -13 percent for townhouse-condo properties

The Median Sales Price was decreased -1.2 percent to $865,000 for detached homes and decreased -2.2 percent to $393,500 percent for attached properties. Months Supply of Inventory decreased 0 percent for single-family units and increased 0.6 percent for townhouse-condo units.

Dayna Wilson – Walnut Creek Realtor, Contra Costa County Native and your guide to the local housing market.

 

Source: Zillow September 2014

Clayton, Ca Latest Home Stats

CLAYTON, CA Home Stats for February:

Great time to Sell your home in Clayton, Ca

Great time to Sell your home in Clayton, Ca


Single-Family This yr. vs. last yr.
New Listings 15 11 -26.7%
Pending Sales 12 11 -8.3%
Closed Sales 10 8 -20%
Days on Market 42 29 -31%
Ave Sales $ $610,400 $653,313 +7%
% of Original List $ Rec’d 99% 99.89 0.5%
Inventory # 13 21 61.5%

What does all this mean? GREAT Time to SELL Your Home in Clayton!
Call Dayna, Diablo’s Downsizing Diva to get started…925-788-6582

Dayna’s Real Estate Predictions for 2013-Contra Costa County

You can’t always trust what you hear in the media, but in this case, you can!

Home Values:

Bay Area home prices are expected to surge this year. According to Zillow.com, almost every corner of the Bay Area is poised for robust home price appreciation this year that will outpace the national growth.  The forces of supply and demand are at play here. And, this, my friends, is great news for all the East Bay Home Sellers who have been ‘on the fence’ about if and when they should consider listing their homes for sale. Home values in Contra Costa County are projected to rise 7%+ this year, more than double the predicted 3% national increase.

Can’t Meet Demand:

Every market around the Bay Area, whether low-end or high-end, has one characteristic in common driving up prices: too few homes available to meet buyer appetite.

As of the end of Q1 2013 here is how things are stacking up: (Q1 2012 vs. Q1 2012 Single family homes only)

Average sales price-Up 23% $765K

Active listing-Down 50%

Pending listing-Down 10%

Most impressive gains:

Contra Costa Housing Stats - Things are looking up!

Contra Costa Housing Stats – Things are looking up!

 

Lafayette prices YOY-Up 20%

Moraga prices-Up 13%

Concord prices-Up 10%

“Regular” buyers being pushed aside:

As soon as something comes on the market it’s gobbled up! The Bay Area is on =e of the fastest moving markets in the country. The averages days on market here is only 26, with many East Bay, Contra Costa County cities and towns having even shorter averaged DOM.

Want to learn more about your specific neighborhood or street statistics? What about what YOUR home is really worth today? Feel free to call Dayna Wilson – Keller Williams Realty your local real estate expert. Born and raised right here in CoCoCounty!

925-788-6582

DRE#01781285

 

photo by: 401(K) 2013

Boomers Lifestyle Show – The Dream Team was in Full Force

We had so many wonderful folks come by our booth to say, Hello! Did we see you there? We’re sorry if we didn’t get a chance to chat at length, but the East Bay Senior Resource Solutions ‘Team” is always open to one-on-on discussion regarding your specific family needs.

My “Dream Team” of seasoned experts can assist you and your family with the following:

Geriatric Care Management Counseling

In-Home care

Long Term Care planning

Financial Planning

Reverse Mortgage

Tax Advice

Bookkeeping or Bill Paying

Estate Planning or Probate

Conservatorship

Cremation Pre-planning

Downsizing my parents home

Age in Place home remodeling

Grab bars or wheelchair access

Home Safety and Easy Access

Selling or Buying a home

Moving and help packing

Design Services or Staging

Estate Sale and Move Management

Help with what to keep vs donate

Managing and preserving memorabilia, collections or priceless heirlooms

Paper Management & Digital Organizing

Repairs and Maintenance

Contact us today for a complimentary consultation: http://www.eastbaysos.com/contact.html

We had a blast and hope you did as well at last weekend's show.

We had a blast and hope you did as well at last weekend’s show.

 

 

 

 

5 Reasons behind Falling Inventories

  • Sellers hesitant to sell: About 22 percent of home owners with a mortgage are still underwater, owing more than their home is currently worth. Home owners don’t tend to sell unless a life-changing event occurs when they’re underwater because they don’t want to take a loss on the sale of their house. CoreLogic data shows that inventories are the most constrained in areas with the highest number of underwater borrowers.
  • Not enough equity to trade up: Often times, home owners rely on the equity from their home to make a down payment on their next home. With fewer home owners seeing equity in their houses, they may not have enough money to move into a pricier home, which is constraining the would-be “trade up” buyer from moving. Lack of Inventory
  • Investors continue to snatch up properties: Investors are snapping up properties, but they’ve changed their strategy from past years, which is also constraining inventories. Now they’re holding onto properties and turning them into rentals instead of rehabbing properties and flipping them for profit. This is keeping fewer homes on the market.
  • Banks are slowing down foreclosures: Banks have new rules to meet with the foreclosure process, and it’s causing them to move at a slower pace in foreclosing on homes. Banks also are showing a preference for short sales and loan modifications, which are curbing the number of foreclosed homes on the market.
  • Builders are doing less building: Housing starts were at record lows from 2009 through 2011 so there’s less inventory being added to the market. A rebound in the new-home market has only recently started to occur.

Source-The Wall Street Journal (Jan. 22, 2013)

Luxury Home Sellers in Walnut Creek Area

Million Dollar Homes near Walnut Creek CA

Luxury Homes

In California, almost all cities have a decreased supply of single-family homes. That’s especially true in the lower-priced categories, where most first time homebuyers and investors have focused.

There are plenty of more expensive homes for sale in the Walnut Creek, California. But, inventory in Contra Costa is going quick: inventory for million dollar homes has dropped 20% from Dec. 2011 to 2012. Average Days on Market (DOM) have also decreased from 49 to 32. This is good news! Start packing! However, if you are selling your home for $1.5MM+ the  DOM has also declined from 57 tp 34, but there is twice the competition on the market. Your Walnut Creek, CA property needs to stand out from the rest. A Luxury Home Seller should contact an experienced Realtor that can make the difference. Let me help you beat the competition!

Dayna Wilson – Keller Williams Realty

photo by: inkknife_2000