. . .Are UP!
This from Corefact:
Excluding distressed sales, the five states with the highest home price appreciation were: Hawaii (+13.0 percent), California (+11.4 percent), Nevada (+11.1 percent), New York (+10.3 percent) and Florida (+10.2 percent).
Want more details? Here are some C.A.R. quick financial facts.
Calif. median home price: April 2014:
Calif. highest median home price by region/county April 2014:
Marin, $1.007 million
Marin, $1.007 million
Calif. lowest median home price by region/county April 2014:
Del Norte, $147,500
Calif. Pending Home Sales Index:
April 2014: Decreased 0.5 percent from 114.4 in March to 113.8 in April.
Calif. Traditional Housing Affordability Index:
First Quarter 2014: 33 percent (Source: C.A.R.)
Mortgage rates: Week ending 5/29/2014 (Source: Freddie Mac)
- 30-yr. fixed: 4.12% fees/points: 0.6%
- 15-yr. fixed: 3.21% fees/points: 0.5%
- 1-yr. adjustable: 2.41% Fees/points: 0.4%
Good news for Neighborhoods in that underwater homes just might be ready float to the surface
Good news for Sellers in that you might get more than you thought for your home.
Good news for Buyers in that the rise in home values means that homes are becoming a good investment again.
Whether you’re moving in or out of this amazing Bay Area, I’d be honored to help.
For SELLERS, I’ll help you prepare and market your home for sale that will give it the widest appeal and best exposure; thus attracting a bevy of buyers and the best chance for multiple offers and competitive bidding. To learn more, go to go to What’s Next Homes.
For BUYERS I’ll set up an REAlert account that will search the MLS real estate site–using requirements that you provide–for properties that meet your needs. Once found, pictures and details will be delivered directly to your email courtesy of Coldwell Banker!
It’s the best way for you to get a look at first-time-on-the-market properties; which saves you wasted time and the disappointment when you find the perfect home but discover it’s already been sold. This is a common occurance when using the usual home finding sites like Trulio, Zillow, etc. They are fun to search, but their information is often out of date. Not so with REAlert.
If you’re specifically interested in high walk score homes, click here to find those that are currently on the market in great East Bay neighborhoods. To learn more, go to go to That House Detective
Or, just give me a call at 510-527-0174.