August is HOT-Sizzling weather and housing market

August is HOT-Sizzling weather and housing market make it my favorite month of the year! When not focused on real estate, for me summer-time equals fun-time! Want ideas? Canoe the Russian River, take a hot-air balloon ride in Napa, wine taste in Livermore, hike Mount Diablo, raft the American River, walk around Angel Island, shop at a Farmer’s Market, fish Lafayette Reservoir, see a movie under the stars at Heather Farms.  One of my favorite things to do is attend outdoor concerts. I plan to check out the Thursday evening performances at the renovated Broadway Plaza.
Hot Air balloon ride equals summer fun

In August take a hot air balloon ride over the Napa Valley

In the meantime, here the most recent housing statistical recap, by city:
Single-Family Townhouse-Condo
Activity Active Pending Closed YTD Closed Active Pending Closed YTD Closed
Alamo 4800 31 24 28 107 1 1 3
Blackhawk 4600 15 11 14 65 1 6
Clayton 5900 17 14 13 54 2 1 3 11
Concord 5701 126 110 120 520 44 27 30 160
Clyde 5702 1 0 0
Danville 4500 100 66 80 289 23 18 10 80
Diablo 4700 2 4 8 1
Lafayette 5100 30 23 36 132 5 1 1 6
Martinez 5601 69 56 42 195 13 16 18 65
Pacheco 5602 1 8 1 2 1 4
Moraga/Canyon 5200 8 7 17 62 4 8 6 37
Orinda 5300 42 31 29 99 1 1 0
Pleasant Hill 5400 39 33 30 139 16 12 8 53
Rossmoor 5000 1 1 48 38 45 255
San Ramon 4400 106 73 86 333 46 34 29 142
Walnut Creek 4900 64 55 64 269 43 48 44 219

Hot Housing Market in August

Please contact me for specific information about your unique neighborhood or for valuation of your home’s current value.
For the fastest reply please visit: http://day-realestate.com/selling/

Boomers Inheriting Mom’s Home – Rent vs Sell?

Baby Boomers call when Mom and Dad has to move out of the long-held family home. The adult children are challenged with the decision of whether to sell or rent out the house. There are many things to consider and I suggest beginning with asking yourself the following questions… sell home photo

  • What condition is the home and property in?
  • Does it need repairs or improvements before leasing? Before selling?
  • Do you want to be a landlord? Willing to pay taxes, insurance, repairs, gardener, utilities, etc. out of mo rent payment? What cash on cash return do you need?
  • Do you want to hire property management co to handle maintenance./ tenant complaints, vetting new tenants? (Typically charge approx. 10% of mo.lease payment)
  • Do you need a monthly income stream?
  • Are you ready to pay 2 mortgages when there is a vacancy?
  • Do you need a lump sum that can pay for mom’s care and be investing in something that will bring a greater return to the trust?

I give market data and home value, discuss trends around the Greater Walnut Creek and Lamorinda areas, as well as and absorption rates. This year could be the perfect storm as far as selling at the peak. You can sell as-is and not do anything to the property or we can discuss what it would take to get top dollar. Your realtor is not licensed to offer tax nor legal advice, and I recommend seeking the guidance from a trusted attorney and/or CPA to understand all the legal and tax ramifications, as each situation is unique. Let me know how I can help?

Your Seniors Real Estate Specialist & Downsizing Diva!

Photo by jessicafm

Contra Costa Real Estate Update: Oct 2015

Contra Costa Real Estate Update: Oct 2015
Contra Costa Real Estate Update: Oct 2015

Contra Costa Real Estate Update: Oct 2015

 

Contra Costa County Housing Market Update

Housing MarketHousing Market Update for Contra Costa County, California:
Home Prices 2 Year Change : 60.36%
% Underwater : Below National Average
Foreclosure Starts 2 year Change : -73.18%
Affordability 2 Year Change : 14.66%
Unemployment 2 Year Change : -3.10%

California’s housing market will see fewer investors and a return to traditional home buyers as home prices rise modestly and prices flatten out in 2015, according to C.A.R. “2015 California Housing Market Forecast” recently released.

I am personally seeing less multiple offers, and even some FHA and contingent offers. There are all signs our market is slowly returning to a more balanced market. Although, in a ‘normal’ market there are 6-7 months inventory while we are still seeing less than 2 month in most Contra Costa County cities.
The forecast goes on to share that we will see sales in 2014 DOWN from 2013 by 8%+. Hmmm, might be a good time to sell?

Call me to discuss if it’s the right time for YOU to get moving…

Real Estate Market Activity in the Golden State

It’s been unseasonably sunny here in Ca., but the residential real estate outlook may not be clear….

Real Estate outlook

Real Estate outlook

California single-family home and condominium sales fell 18.7 percent in January 2014 from December 2013, and were down 11.8 percent from a year ago. Taking a longer-term view, in the past 12 months (February 2013 through January 2014), sales are down 6.5 percent compared with the same 12-month period a year earlier.

Despite January’s sizeable falloff in distressed property sales, they still accounted for 25.0 percent of sales, which remains historically high.

The steady rise in home prices since January 2012 has pushed thousands of previously underwater homeowners in California into positive-equity status so they can refinance or sell their homes.

For the sixth-consecutive month, January 2014 California property sales declined year-over-year, suggesting that the May-June 2013 jump in mortgage interest rates isn’t the only factor slowing California real estate sales…

For-sale inventory has improved since last year but is still not plentiful enough to encourage people to sell. I speak with homeowners who want to sell will not put their homes on the market unless there is something for them to buy. The complaint I hear over and over is that it’s slim pickings out there, leaving would-be home sellers on the sidelines waiting for more supply.

Your thoughts? Let’s see what happens in the never boring, always interesting world of real estate.

Source: Madeline Schnapp Property Radar

Homes Selling 30 days faster, Less Time on Market

My last listing SOLD in 2 weeks-less than the area average, and for over 100% of original list price. Are you ready to get moving in 2014?

“The declining inventory of for-sale homes over the past year naturally creates pressure for buyers to more quickly snap up the inventory that is on the market. This demand has been fueled by huge resets in home prices since market peak, historically low mortgage rates and a slowly improving broader economic climate,” said Zillow Chief Economist Dr. Stan Humphries. “Home shoppers in today’s environment need to be prepared to move quickly, with pre-approvals in place and an established sense of what they’re willing to pay for a home. But even though things are moving fast, buyers should resist the urge to enter into bidding wars or pay prices they’re uncomfortable with. We do expect that this need for speed will abate in the near-term as mortgage rates rise and more inventory becomes available because of new construction and declining negative equity.” Source Zillow

Last month for detached homes:
Days on Market Inventory Down % City
21 61% Walnut Creek
19 62% Pleasant Hill
23 45% Moraga
33 50% Lafayette
22 59% Clayton

The clock is ticking…Contact me to learn how you can sell your home in the shortest amount of TIME for the most amount of money! Less time on market generally equates to more dollars in your pocket.

Less time on market = more $ in your pocket

Less time on market = more $ in your pocket

Housing Recovery in SF Metro Area

There is a lot of conflicting housing data. Here is a brief summary of John Burns’ comments from Fox Business yesterday comments:

  • The recovery is still occurring but at a more normal pace.
  • There are huge differences by geography.
  • Las Vegas and San Francisco have both appreciated 20%+ in the last year, but for completely different reasons.Housing Recovery in Bay Area
  • Entry-level buyer activity is slowing down, not because of rising mortgage rates but because the most qualified buyers have already purchased.
  • Mortgage lending is only getting slightly more aggressive and won’t heal completely until the Dodd-Frank QRM rules get defined.
  • Home sizes are rising because that is what consumers still want. While some older buyers are choosing to downsize and first-time buyers are being forced to buy a smaller home, the number of people desiring larger homes is much greater.

http://video.foxbusiness.com/v/2632475545001/making-sense-of-the-housing-recovery

Source: Fox Business and John Burns Real Estate Consulting and Owner, John Burns Real Estate Consulting

photo source: Portland Prevention

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 source: 401(K) 2013

Lafayette, Ca Housing Stats

Home Values in Lafayette - Looking Up?

Home Values in Lafayette – Looking Up?

February Year to Date
Single-Family Detached 2012 2013 + / – 2012 2013 + / –
New Listings 28 34 21.4% 58 49 -15.5%
Pending Sales 25 26 4% 24 34 41.7%
Closed Sales 9 10 11.1% 19 27 42.1%
Days on Market Until Sale 75 14 -81.3% 115 61 -47%
Median Sales Price $755,000 $1,135,762 50.4% $1,007,500 $925,000 -8.2%
Average Sales Price $832,526 $1,356,930 63% $925,789 $1,247,230 34.7%
Percent of Original List Price Received 98.06 112.43 14.7% 95.3 104.4 9.5%
Inventory of Homes for Sale 53 34 -35.8% 122 58 -52.5%

Lafayette Ca is a fantastic place to live! I should know as I’ve lived there and love it. Lafayette Reservoir is a favorite place to walk and bring your dog. The Rim Trail is especially challenging-great work-out!

My fave restaurants are Yankee Pier and Postinos. Best grocery stores: Trader Joe’s, Whole Foods and Diablo Foods. The guys in the meat dept. at Diablo Foods are really helpful. There are many things to do including: concerts, Art & Wine Festival, fun runs and much more. The Schools are top-rated, including Acalanes High School. Stop by the Town Hall Theater for some local entertainment. The new library is a wonderful meeting spot and the Veteran’s Hall is one of the nicest I’ve been to. Park at the end of Olympic Blvd. and ride you bike on the trail all the way to Moraga.

Let me know if I can offer other suggestions or be your guide to home buying and selling in Lovely Lafayette, Ca! Just conact me for the Home Stats in your neighborhood. It’s a great Day for Real Estate!

Dayna Wilson – Lamorinda Native! 925-788-6582

photo source: janeyhenning

Walnut Creek Real Estate Market Gains – Brighter Horizons Ahead

Housing MarketI predict 2013 will bring a return to ‘normal’ here in the Greater Walnut Creek Area. Granted, that’s a relative term, but it’s positive just the same! Look for a healthy price appreciation, an increase in both existing- and new-home sales, and a continued reduction in shadow inventory. Interest rates are expected to remain low, though inflation could put upward pressure on both rates and home prices.

Rent vs. Own: Home ownership is still the “American Dream” but renters are on the rise. Why? Some renters who’d like to take advantage of today’s favorable prices and interest rates are finding credit standards are still too tight to obtain financing.

Builder Activity on the rise: Housing starts remain well below historical averages, even with new construction expected to rise from 776,000 units last year to more than 1.1 million in 2013. Depressed construction activity has kept inventories down and put upward pressure on prices.

Foreclosures: Decreasing but not disappearing. You hear about “shadow inventory”—seriously delinquent mortgages and homes in foreclosure—and it has been declining since it peaked in 2009. In 2010 and 2011 distressed properties like these made up almost 30% of all sales. In 2012 it was down to 25%. By end of 2014 the experts suggest we’ll see single digits.

The housing recovery is here, but will need to be sustained by higher employment figures. Let’s keep the faith and hold our politicians accountable to guide the state and country back to it’s former glory!

photos source: 401(K) 2013 & Pilottage