Real Estate Market Trends

Aloha! This is David Buck with Harcourts Island Real Estate and today we're going to talk about the local market update for August of 2024.Local Update for HomesFirst off, we're going to dive into single family home sales and there we saw Makiki-Moiliili with the largest increase in sales year over year, which was up 333%. That was going from 3 transaction in August of 2023 to 13 transactions this past month. Meanwhile, across the board of the 21 major neighborhoods that the Honolulu Board of Realtors tracks, eight of those neighborhoods were actually up in sales, 6 were flat and 7 were slumped or down in sales... Read More 09/21/2024

On July 17, 2024, California Association of Realtors (C.A.R) reported that there were 26 homes sold in August of 2024, declined 3.7% from August of 2023 in Altadena California. The medium existing home price was $1,46 Million in August of 2024, dropped 16.2% from August of 2023 in Altadena, California. There were 34 active listing homes in August of 2024, increased 21.% from August of 2023; while home stayed 21 median days on the market in August 2024 in Altadena, California.For complete more information about the California Association of Realtors’ August of 2024 Altadena, California homes sales and value report, please click HERE 09/20/2024

09/20/2024

  ## 🏡 Valleybrook Real Estate Market Update: Summer 2024 vs. Summer 2023 🌞 The Valleybrook real estate market in Gloucester Township, NJ, saw some interesting shifts this summer compared to the same period in 2023. Here's a breakdown of the key stats from June 1 to August 31: ### 🏠 Homes Sold:- **2024**: 11 homes sold 📈- **2023**: 9 homes sold ### ⏳ Average Days on Market:- **2024**: 16 days ⌛- **2023**: 16 days ### 💰 Average Sale Price:- **2024**: $315,042 🏷️- **2023**: $312,778 ### 💸 Average Listing Price:- **2024**: $310,995 📝- **2023**: $297,732 ### 📊 Sold Price vs. Listing Price:- **2024**: Sellers averaged **1.3%** over their list price 💪- **2023**: Sellers averaged **5.19%** over their list price ### 💵 Average Price per Square Foot:- **2024**: $197.15/sq ft 📐 ### 🏦 Mortgage Tren... 09/20/2024

 Market Report August 2024 Hollywood, FL Condo $150-$200K9 Closed Sale74 days List to SaleInventory up 86%5 Cash Sale25 New ListingsImagine living 6 miles south of the Hollywood Fort Lauderdale International Airport and being 3 miles from the beach.Hollywood Beach boasts a broadwalk, live entertainment, restaurants, shops and playground area for childrenBicycle, skating lanes - walking for miles.North beach has public parkingMid beach has high rise parking This is an age restricted community that offers turnkey opportunities in the price category.Ask me - 954.483.3912 There are 67 counties in the State of Florida.  Driving from Jacksonville to Hollywood will take you 6 hours!We are a very big State with lots of opportunities.Would you like a beach home?a Lake home?a private oasis?a sing... 09/23/2024

 Hollywood Beach, FL Luxury Home Market August 2024 SnapShotASK me about modern lake front homes with direct ocean access either North Lake or South Lake.We have lake view homes, art deco homes and historic homes located on Royal Palm tree lined streets.We have private gated communities as well.Are you interested in 12,000 square feet or 1,200?Custom homes abound.5 Closed Sales82 Days List to Sale151 Homes Available3 Cash Sales29 New Listings9 Pending Sales Hallandale Beach, FL has a hidden gem in Golden Isles Community with direct ocean access luxury homes!1 Closed Sale190 Days List to SaleInventory up 36%1 Cash SaleNO New Listings2 Pending salesThere are 67 counties in the State of Florida.  Driving from Jacksonville to Hollywood will take you 6 hours!We are a very big State with lots... 09/24/2024

Luxury Condo Market Trend August 2023 Hallandale & Hollywood FLFrom the featured photo you get a snapshot of Atlantic Ocean in the distance.  To the left is Hallandale Beach and to right is Hollywood Beach, FLThe Shell Bay Golf Resort is the newest golf course built in Broward County for the past 20 years.110 acre property slated for a luxury high rise to be complete 2026.  $1.0MM buy in for this private golf community.The diaganol slate gray high rise building is the end of the golf course which is in the municipality of Hallandale Beach and south side.The northside is separate by mid rise condo buildings and also past of the Hollywood Beach FL municipality.Gregg Norman designed this challenging, championship golf course.  ASK me about pre-construction purchase.  Reservations are now t... 09/24/2024

Hallandale Beach FL August 2023 Market Trendsfor Condos in the $150,000 to $250,000 price range.There is something for everyone.Pay special attention to older properties and the status of the their 40 year and 50 year certifications.  With the advent of the Surfside collapse, there are very strong new laws regarding the condo association structural reserve funding.Buildings less than 3 stories are not included in these mandates.Speaking of mandates:  New mandatory laws are now in place for Buyers to tour properties and also have buyer broker agreements signed/executed prior to viewing a property and/or submitting an offer regarding your Real Estate Professional's compensation.No more working with multiple agents who do not get paid unless there is a closing previewing properties with yo... 09/24/2024

On September 17, 2024, California Association of Realtors (C.A.R) reported the condo and town-homes values lower 2.2% to the price of $655,000 in August of 2024 from price of $680,000 in July of 2024, but higher 1.2% from price of $657,000 in August of 2023 in California. While, the condo and town-homes sales increased 1.1% in August of 2024 from July of 2024 and up 0.8% from August of 2023.There were 3.2 months supplies of available inventory of condo & town-homes in August of 2024, grew from 3.0 months in July of 2024, and gained from 2.2 months in August of 2023 in California.An average it took 25.0 days to sell a condo & town-home in August 2024, rose from 16.0 days in July of 2024, and jumped from 16.0 days in August of 2023 in California.For complete more detailed information abou... 09/20/2024

On September 18, 2024, Realtor.com reported that in South Pasadena, California median list price was $1,600,000 in August of 2024 lower from $1,698,000 in July of 2024, but jumped 28.0% from $1,159,000 in August of 2023. While, median sales price for a home and a condo was $1,800,000 in August of 2024, higher 2.0% from August of 2023 in South Pasadena, California.Houses stayed 52.00 days in the market in August of 2024 increased from 43.00 days in July of 2024, but decreased from 72.00 days in August of 2023 in South Pasadena, California.The median listing price per square foot of a home and a condo was $857.00 in August of 2024 up from $852.00 in July of 2024, and rose 10.0% from $774.00 in August of 2023 in South Pasadena, California.For complete more detailed information about Realto... 09/19/2024

I hope you are doing well!  The school year is well under way as is the football season.  The Aspens are starting to change color so make sure you plan a Fall Color Tour in the next week or so.  The leaves are already starting to change in Rocky Mountain National Park. We are getting into the Fall market with many variables impacting how the market is trending.  On the positive side, we have lower mortgage interest rates, about 6.15% for a 30-year fixed rate mortgage right now.  We also have the ongoing issue of affordability that impacts a lot of would-be home buyers.  In this update, I take a look at the data and discuss the impact that these and other variables are having on our housing market.In other news, the way we do real estate has changed as of August 17th.  You may have seen ... 09/19/2024

  Local Market Update  Ala Moana & Kaka'ako Honolulu, August 2024   Single Family Homes August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 1 / 0   3 / 4  -25% Median Sales Price $2.2M / -    $1.1M / $1.24375M   -12% Percent of Original List Price Received 100.0% / -   96.5% / 92.1%  5% Median Days on Market Until Sale 17 / -   37 / 15  147% New Listings 1 / 1  0% 6 / 7  -14% Pending Sales 0 / 1  -100% 6 / 4  50% Active Inventory 4 / 3   33% ---    Condos August Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 36 / 44  -18%  332 / 363  -9%  Median Sales Price $835,000 / $727,500  15% $740,000 / $690,000  7% Percent of Original List Price Received 97.1% / 95.3%  2% 96.1% / 96.8%  -1%    Median Days on Market Until Sale 44 / 50  -12% 52 / 40  30% New ... 09/19/2024

The number of homes selling over $1 million across the country is up to 8% of all homes.  Pre pandemic it was only 4%.  If you think it is more expensive to buy a home, you are right!  In the DC metro area the numbers are even worse.  In July 2024, the percent of homes in DC that sold over $1 million was 35.95%.  In Montgomery County it was 27.4%  In Arlington it was 52.67% and 27.3% in Alexandria.Even though affordability is improving, buying a home can still feel tough right now. But here’s some good news: builders are focusing their efforts on building smaller homes, and they’re offering key incentives to buyers. And both of these things can be a big help if you're worried about finding a home that’s right for your budget. Builders Are Building Smaller Homes During the pandemic, home... 09/19/2024

Top 5 Neighborhoods in Baltimore for Young Professionals: Where to Live and Thrive in 2024Baltimore is a city with a rich history, vibrant culture, and an evolving economy—making it an excellent place for young professionals to call home. Whether you're looking for a trendy social scene, proximity to work, or a neighborhood that offers affordable living with great amenities, Baltimore has something for everyone. But with so many options, it can be overwhelming to find the right spot.In this blog, we’ll explore the top 5 neighborhoods in Baltimore for young professionals. These areas not only offer exciting urban living but are also highly connected to the job market and lifestyle needs of career-driven individuals. Let’s dive into the best neighborhoods that combine convenience, afforda... 09/19/2024

On September 18, 2024, Realtor.com reported that in Glendale, California median list price was $1,207,500 in August of 2024 lower from $1,212,000 in July of 2024, but up 0.0% from $1,204,525 in August of 2023. While, median sales price for a home and a condo was $1,200,000 in August of 2024, fell 11.0% from August of 2023 in Glendale, California.Houses stayed 39.00 days in the market in August of 2024 decreased from 46.00 days in July of 2024, but increased from 38.00 days in August of 2023 in Glendale, California.The median listing price per square foot of a home and a condo was $699.00 in August of 2024 higher from $691.00 in July of 2024, and gained 6.0% from $657.00 in August of 2023 in Glendale, California.For complete more detailed information about Realtor.com’s latest homes and ... 09/18/2024

What’s my Escondido Home Worth? Escondido Market Report for August 2024 Escondido is about 20 miles east of the beaches, and borders San Marcos and Fallbrook in North San Diego County. It’s important that buyers and sellers in the Escondido housing market have up-to-date information about the local market conditions (Read More: Real Estate Is Local…But HOW Local?) so they can make informed buying and selling decisions about Escondido homes for sale. READ MORE:A Tour of Escondido – A Diverse Inland San Diego Community The following data are from the MLS (private sales are not included, nor are multifamily properties, or mobile and manufactured homes). The information is believed reliable at the time this market report was written but are not guaranteed. 90 homes sold in August, 27% fewer... 09/18/2024

Piney Orchard housing inventory got the "Back to School housing lull" inventory increase this month.  Something we are usually well insulated from.  There were 26 properties offers for sale in the community.  8 properties are under contract and headed to settlement and 10 homes sold with an average price of $457,000.  One single family home with almost 6,000 s.f. of living area just kissed the $1,000,000 sale price mark closing at $990,000, which was $2,000 less than the asking price,  We'll expect to see more of that as the larger single family homes sel in this neighborhood.   They are few and far between on the market.If you're thinking of selling your Piney Orchard home, we'd love to talk!  The Roskelly Team specializes in Piney Orchard real estate and our marketing plan ensures you... 09/18/2024

Last month the inventory of all types of homes for sale was up 88% compared to a year ago. There were 11,511 at the end of last month compared to 6,115 at the end of August 2023. The median home price was up 3% compared to August of 2023. The median sales price last month was $384,500 compared to $375,000 the year before. The total number of closed sales was down by 5% compared to the same month last year. There were 2,655 closed sales this August compared to 2,792 last year. New listings were up compared to last year, but new contracts and the total number of properties under contract were both down. The average days on market, average days to sale and the months supply of inventory were all up as well, pointing to a slowing market. Take a look at this brief video provided by the Orlan... 09/18/2024

💥Lower Mortgage Rates ☀️For ALL of Your East Valley AZ Real Estate Needs📞Call or 🙋‍♂Text Brian at 480-773-2370📨Email Brian  ~  Search the MLS for FREE ️Mortgage rates are at their lowest in over a year! Your dream home is now within reach. Save hundreds on your monthly payment and boost your buying power. Time to make your move! ⬇️  To read the full article...  Click HERE. I specialize in the East Valley of the Phoenix Metro area - Gilbert, Mesa, Chandler, Tempe, Scottsdale, Apache Junction, and Gold Canyon☀️For ALL of Your East Valley AZ Real Estate Needs📞Call or 🙋‍♂Text Brian at 480-773-2370📨Email Brian  ~  Search the MLS for FREE 09/27/2024

💥Mortgage Landscape ☀️For ALL of Your East Valley AZ Real Estate Needs📞Call or 🙋‍♂Text Brian at 480-773-2370📨Email Brian  ~  Search the MLS for FREE ️Navigating the 2024 mortgage market? With potential rate cuts, a tight housing supply, and political shifts ahead, originators must stay agile. Embrace change, offer innovative solutions, and prioritize client service to thrive in this competitive landscape.  To read the full article...  Click HERE. I specialize in the East Valley of the Phoenix Metro area - Gilbert, Mesa, Chandler, Tempe, Scottsdale, Apache Junction, and Gold Canyon☀️For ALL of Your East Valley AZ Real Estate Needs📞Call or 🙋‍♂Text Brian at 480-773-2370📨Email Brian  ~  Search the MLS for FREE 10/02/2024