Real Estate Market Trends

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

💥Boost Your Credit ☀️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 ️Your credit score is key to unlocking your dream home! Even if it’s not perfect, there are ways to improve it and secure the best mortgage for you. Ready to boost your score and make homeownership a reality? Let's chat!  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 09/30/2024

On September 17, 2024, California Association of Realtors (C.A.R) reported the single family homes values grew 0.2% to the price of $888,740 in August of 2024 from price of $886,560 in July of 2024, and gained 3.4% from price of $859,670 in August of 2023 in California.There were 262,050 single family homes sold in California in August of 2024 declined 6.3% from 279,810 in July of 2024 but increased 2.8% from 254,820 home sales in August of 2023.The average price for a square foot was  $427.00 in August of 2024, jumped from $416.00 in August of 2023.There were 3.2 months supplies of available inventory of single family homes in August of 2024, higher from 2.9 months in July of 2024, and from 2.4 months in August of 2023 in California.An average it took 22.0 days to sell a single family ... 09/18/2024

On July 17, 2024, California Association of Realtors (C.A.R) reported that there were 26 homes sold in August of 2024, gained 18.2% from August of 2023, and medium existing home price was $1,36 Million in August of 2024, dropped 16.2% from August of 2023 in Burbank, California.There were 45 active listing homes in August of 2024, increased 12.5% from August of 2023; while home stayed 22 median days on the market in August 2024 in Burbank, California.For complete more information about the California Association of Realtors’ August of 2024 Burbank, California homes sales and value report, please click HERE 09/17/2024

The Wisconsin Woodland Report September 2024 Kenosha County Land; Hunting, Timber, Investments!  Market Snapshot for 20+ Acre Properties             Available Properties Report Price Total Acres $/Acre Original MLS # Status Municipality County $260,000 26 $10,000 1854999 Active-W/Offer Other Kenosha $449,000 73.5 $6,109 1974400 Active Wheatland Kenosha $525,000 24.2 $21,694 1888116 Active-W/Offer Wheatland Kenosha $589,000 20.37 $28,915 1858401 Active Wheatland Kenosha $875,000 50 $17,500 1870656 Active Bristol Kenosha $1,120,000 28 $40,000 1867869 Active Somers Kenosha $1,500,000 29.88 $50,201 1875014 Active Kenosha Kenosha $1,700,000 22.45 $75,724 1862082 Active Pleasant Prairie Kenosha $2,250,000 110.2 $20,417 1967443 Active Somers Kenosha $2,500,000 198.97 $12,565 1577977 Active-W/... 09/29/2024

The Wisconsin Woodland Report September 2024 Racine County Land; Hunting, Timber, Investments!  Market Snapshot for 20+ Acre Properties             Available Properties Report Price Total Acres $/Acre Original MLS # Status Municipality County $349,900 20.66 $16,936 1885212 Active Raymond Racine $479,900 40.73 $11,782 1869386 Active-W/Offer Caledonia Racine $815,000 20.71 $39,353 1813071 Active Mount Pleasant Racine $1,200,000 21.86 $54,895 1876558 Active Union Grove Racine $1,250,000 47.8 $26,151 1847001 Active Yorkville Racine $1,290,000 84 $15,357 1877842 Active Rochester Racine $1,296,000 36.15 $35,851 1860475 Active Mount Pleasant Racine $1,728,900 20.34 $85,000 1814374 Active Mount Pleasant Racine $1,850,000 61.23 $30,214 1871175 Active Yorkville Racine $2,000,000 48.96 $40,850 18... 09/28/2024

The Wisconsin Woodland Report September 2024 Walworth County Land; Hunting, Timber, Investments!  Market Snapshot for 20+ Acre Properties             Available Properties Report Price Total Acres $/Acre Original MLS # Status Municipality County $349,000 20.04 $17,415 1881446 Active Whitewater Walworth $379,000 29.71 $12,757 1881443 Active Whitewater Walworth $495,000 24.65 $20,081 1827816 Active Elkhorn Walworth $525,000 21.87 $24,005 1886858 Active East Troy Walworth $626,400 21.6 $29,000 1856181 Active Whitewater Walworth $650,000 31.85 $20,408 1860485 Active Lake Geneva Walworth $725,870 25.03 $29,000 1856286 Active Whitewater Walworth $860,000 35 $24,571 1848070 Active Elkhorn Walworth $963,875 70.1 $13,750 1886935 Active Sharon Walworth $1,199,000 98.07 $12,226 1889156 Active Lafa... 09/27/2024