Real Estate Market Trends

While looking at a 90 day clip, which is  typically enough data is reflected to show trends,  some strong YTY numbers tend to even out over a 12 month cycle. Hamilton Twp.                                             2023                               2024New Listings                                                213                                   233  (+10%)Closed                                                            162                                  173    (+6%)Days on Market                                           34                                    30Average Sales Price                                   $326,401                          $377,041   (+15%) What do these numbers mean???They mean three things for sellers.   First, that you will likely have a contract in U... 04/03/2024

Real Estate Market Trends for Addison TX:  March 2024Residential Real Estate For Sale in Addison, TexasThe total number of currently available residential properties for sale in Addison, Texas is 22, the same number of active listings at the beginning of last month. Sixteen are pre-owned and 6 are new construction at Addison Grove. Currently for sale, there are: 8 single family homes (ranging in price from $590,000 to $5,850,000) No half-duplexes 3 condos ($229,000 to $549,900) 11 townhomes ($509,000 to $880,000) Eleven of the 22 available homes have been on the market for longer than 30 days. The average number of days on the market for the current "active" status, pre-owned homes is 40 days, as compared to 75 last month. The median number of days on the market is 26 days, compared to ... 04/02/2024

Calgary Real Estate Market April 2024 Update: Key Insights for Home Buyers and Sellers [Comprehensive Guide]The Calgary real estate market for April 2024 is a critical focal point for home buyers and sellers alike. Staying informed about the latest trends, statistics, and insights in Calgary's real estate landscape is paramount for making informed decisions. As a home buyer or seller, understanding the current market conditions can significantly impact your real estate journey.In this update, we delve into the key trends and statistics shaping the Calgary real estate market in April 2024. A deep dive into the market data can provide valuable insights for those looking to buy or sell properties in Calgary. By staying abreast of the market dynamics, you can position yourself strategically... 04/02/2024

The Vineyards is a unique community in the High Desert, It's not in an HOA and not aa gated community but but has qualities of both. Built most around 2006 homes are 3-5 bedroom, about 1900 sq ft- just under 2600 sq ft. Here is what haas happened in the last year.....   Sauvignon Lane Estate currently for sale. Located on Sauvignon Lane, HD24038458 Price: $490,000 (Previously $510,000) This 3 bed, 2 bath treasure spreads over 2158 square feet, crafted in 2006. Sip on the delights of this vineyard haven while soaking in the tranquility of your new home. Perignon Place Palace  currently for sale. NestledWelcome to the Vineyard’s, where we're uncorking the finest homes ripe for the picking! on Perignon PL, HD24062486 Price: $568,000 A sumptuous 5 bed, 3 bath château encompassing 2570 squa... 04/02/2024

04/02/2024

Fauquier County VA Real Estate Market ReportCurrent Real Estate Market Conditions Fauquier County Virginia Single Family HomesAs of today in Bright MLS* (Our MLS system) April 2, 2024, there are currently 96 homes for sale in the Fauquier County Virginia area (Single Family Detached homes.) The high price of the listed homes for sale in the Fauquier Co. Virginia area is $1,675,000 and the low price is $29,950,000.FAUQUIER COUNTY VA REAL ESTATE MARKET SNAPSHOTActive Listings: 96 Fauquier County VA Homes for SaleComing Soon: 23 Fauquier County VA Listings Coming SoonActive Under Contract: 42 Fauquier County VA ListingsPending Sale: 53Fauquier County VA Homes 04/02/2024

Typically, spring and summer mark the peak seasons in residential real estate. Many families seize the opportunity presented by the favorable weather and their children’s summer break to embark on their house hunting journey. However, it’s worth noting that in most regions, spring is synonymous with higher housing prices due to increased demand. Consequently, the market becomes saturated with buyers, intensifying the competition.Here are some strategic steps you can take to gain an edge over other buyers:1. Engage Early with Real Estate Agents: If you’re considering working with a real estate agent, it’s wise to start the process early. Take the time to interview three to four agents and also reach out to their references. Once you’ve made your selection, communicate your preferences cl... 04/02/2024

Latest news on the Canyon Creek Real Estate market for First Quarter 2024….What you need to know now…..What it means for you…..The real estate landscape in Canyon Creek, Austin, TX, has shown promising signs of activity during the first quarter of 2024. As we transition into the second quarter, we observe a limited number of active listings, with just two properties available, alongside a notable uptick of eight homes currently under contract. However, it's important to note that the number of homes sold this quarter has experienced a 25% decrease compared to the same period last year. Despite this, there is a modest increase of 2% in the average sold price, while the price per square foot has seen a slight decline.In the previous year, homes entering the spring market garnered signific... 04/03/2024

Call it what you want--  Great room, Living room, Family room.   Most home owners and builders have come to the conclusion--  they only need one.With busy lives and not as much time to slow down and entertain as perhaps our parents had, this room, where still exists, usually:*Sits empty like a museum display*Becomes a music room*Gets closed off with doors added and becomes an office  (Like I did)This is particularly true with empty nesters who tend to use one room to relax, read or watch TV.I wonder how floor plans will evolve 50 years from now? 04/02/2024

What’s the Value of My Cardiff-by-the-Sea Home? Cardiff Home Sales for March 2024 It’s essential if you are a buyer or seller in the Cardiff real estate market that you have current information about the local market conditions. This will enable you to make informed buying and selling decisions about Cardiff homes for sale. Supply and demand impact selling and buying in several ways, including pricing, the amount of competition, and days on market. It’s important to understand how local market conditions may impact your buying and/or selling decisions. Let’s talk now! Read More About Cardiff-by-the-Sea: Cardiff by the Sea – Quintessential Beach Community Like to Walk? Live in the Walking District in Cardiff CAWant to Live in a Musical Community? Try the Composer District in Cardiff, CA ... 04/01/2024

04/01/2024

Smooth Sailing In The "Settlement" Storm and The Imminent Season of ChaosTransparency is good! But, in recent headlines, the NAR Settlement has garnered significant attention, unfortunately accompanied by widespread misinformation. Even prominent figures like The President have misinterpreted the adjustments, erroneously characterizing them as novel developments when, in fact, they reflect longstanding practices within the industry. While the National Association of REALTORS has implemented alterations, many of us in the field recognize them as consistent with our customary approach to business. Consequently, it's a continuation of standard practices with the potential for a more equitable landscape in the industry.In the aftermath of this lawsuit, consumers stand to gain little. Despit... 04/01/2024

Inventory levels in Oswego, IL  remain low as we enter the Spring homeselling period.  Home sales in March 2024 were as follows: Detached Single Family Homes - 29Price Range - Low = $295,000Price Range - High = $799,000No foreclosures but there was a short sale this month.10 - Sold Over List Price6  - Sold At List Price13 - Below List Price*There were 46 homes sold in March, 2023.Single Family Attached Homes - 12Price Range - Low = $126,500Price Range - High = $379,0003 - Sold Over List Price4 - Sold At List Price5 - Below List PriceSame number of homes sold in March, 2023.These stats are as of 4/1/24 and are unofficial until published by MRED.   04/01/2024

#5 Best City to Live in Maryland - TowsonIn keeping with a theme, The World Atlas recently published a list of the 7 best cities to live in Maryland. The number 5 city is Towson. Towson is the county seat for Baltimore County and home to Towson University. Towson is located just north of Baltimore City. Towson's proximity to Baltimore City, its excellent public schools, and its proximity to parks and recreational facilities make it a popular choice for homeowners.It is a little-known fact that Maryland doesn't have any natural lakes, even though some bodies of water are called lakes. Loch Raven Reservoir is the largest body of water in Baltimore County, it holds 23 billion gallons of water and has over 60 miles of hiking trails.My youngest son is a graduate of Towson High School, we bel... 04/01/2024

Latest news on the Canyon Creek Real Estate market in March 2024….What you need to know now…..What it means for you…..March 2024 is showing promising signs of activity in the Canyon Creek real estate market in Austin, TX. I am thrilled to report the closure of two of my listings out of the five properties sold, both of which garnered multiple offers. The enthusiasm among buyers for fresh, well-presented, and reasonably priced homes is exciting. Many buyers are actively seeking to make a purchase as their current leases approach renewal. Open houses remain bustling, reflecting the eagerness of buyers to navigate our limited inventory of homes.Compared to last March, we've witnessed a steady consistency with five closings. Presently, the market comprises only two active homes, averaging a... 04/01/2024

For new investors venturing into the dynamic world of real estate, the prospect of finding the perfect investment can be both exciting and daunting. While established neighborhoods often seem like the safest bet, emerging neighborhoods can offer untapped potential and higher returns for those with a keen eye. We will look into the art of spotting real estate investment opportunities in emerging neighborhoods, tailored specifically for new investors looking to make their mark in the industry.Understanding Emerging NeighborhoodsEmerging neighborhoods are areas undergoing transformation and revitalization. These locations often feature increasing property values, improved infrastructure, and a growing community. Identifying these neighborhoods early on can provide investors with the chance... 04/01/2024

This week the median list price for Gilbert, AZ is $699,450 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has held steady at or around 354. Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.  The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.    YOUR   Latest activity in the VALLEY of the SUNFor ALL your Valley AZ Real Estate NeedsPHONE   Bill   at   602-999-0952Text         Bill   at    602-999-0952Email      Bill    at     billAZElite@cox.net Read othe... 04/15/2024

On March 19, 2024, California Association of Realtors (C.A.R) reported the home values decreased 1.9% to the price of $817,100 in February of 2024 from price of $833,000 in January of 2024, but rose 12.4% from price of $726,870 in February of 2023 in Los Angeles County, California. While, home sales increased 8.4% in February of 2024 from January of 2024, and gained 6.3% from in in February of 2023 in Los Angeles County, California.There were 3.1 months supplies of available inventory of homes in February of 2024, down from 3.2 months in January of 2024, and lower from 3.4 months in February of 2023 in Los Angeles County, California.An average it took 21.0 days to sell home in February 2023, declined from 28.0 days in January of 2023, and dropped from 37.0 days in February of 2023 in Lo... 03/29/2024

  Local Market Update  Downtown and Nu'uanu Honolulu, February 2024   Single Family Homes February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 1 / 2  -50% 7 / 8  -13% Median Sales Price $880,000 / $905,000  -3% $1.1M / $1.29M  -3% Percent of Original List Price Received 97.9% / 100.2%  -2%  97.3% / 95.9%  -2%  Median Days on Market Until Sale 12 / 50  -76% 18 / 21  -14% New Listings 6 / 4  50% 12 / 14  -14% Pending Sales 6 / 3  100% 9 / 6  50% Active Inventory 20 / 21   -5% ---    Condos February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 26 / 40  -35% 47 / 57  -18% Median Sales Price $608,000 / $490,000  24% $606,000 / $560,000  8% Percent of Original List Price Received 97.8% / 95.9%  2%  98.3% / 97.1%  1% Median Days on Market Until Sale 1... 03/29/2024

A homeowners’ association (HOA) often takes charge of a community, offering amenities and services in exchange for an annual fee. The goal is to attract new homeowners, keep existing homeowners happy, and maintain growth pressure that keeps housing prices in the area high and rising.So what are the best amenities to have in your HOA to achieve this?Key Qualities for HOA AmenitiesHOAs should be on the lookout for amenities that offer a combination of the following: Practical value. Amenities should serve some kind of practical value to homeowners. Maybe it's a place where they can take care of a chore or errand. Maybe it's a place where they can take their kids or pets for nearby, safe recreation. No matter what, it should serve a readily identifiable function. Aesthetic value. Ideally, ... 03/29/2024