Pending home sales in California saw the first double-digit annual increase in three years in February and also the largest gains since the housing crisis. According to a report from the California Association of Realtors, pending home sales increased by 15.6 percent year over year in February, the most significant annual increase since April of 2009. The Bay Area also saw double-digit percentage increases which suggests that the pace of sales will pick up across the state in the coming months. This may finally give buyers a more level playing field. Martinez real estate fared well in the month of March with no major decreases throughout the … (0 comments)
The market has been pretty quiet among many Bay Area cities over the last few months of 2015, including Martinez. Home sales declined in all nine Bay Area counties in the first month of 2015 which was the the result of limited affordability, according to a report released by the California Association of Realtors. Additionally the sales drop-off in the Bay Area was attributed to intense demand and inventory shortages, which have driven up prices. The report also stated that the Bay Area was the only region in the state where the average home seller could expect to take in about 100 percent … (0 comments)
The number of Bay Area homes on the market tightened as 2014 ended and continue to in the first month of 2015. According to the California Association of Realtors December home sales and price report, the months’ supply of inventory for single-family homes across the Bay Area dropped to 1.7 in December, down from 2.3 in November. With that, the Bay Area real estate market remains heavily tilted in favor of sellers, as it did one year ago. Along with inventory levels, home prices also dipped across the Bay Area. Even with the month-over-month slips, Bay Area counties remain the state’s most expensive … (0 comments)
martinez housing: Martinez Real Estate Update - January
- 01/07/15 07:26 AM
Happy 2015 to all! What a year 2014 was for the real estate market. Overall, the market in Martinez was steady but like all of the Bay Area, it was nothing to write home about. Employment statistics released earlier in the week by the U.S. Bureau of Labor Statistics (BLS) fall right in line with analysts’ recent predictions that the housing market will make a comeback in 2015. Reports from economists at CoreLogic and Wells Fargo released in December indicated they believe housing will rebound in 2015 after a disappointing 2014, and they cited improvements in the U.S. labor market as a … (0 comments)
martinez housing: Martinez Real Estate Update - June
- 06/04/14 12:28 PM
The median sale price in Martinez is up year over year by 32%, from $392,500 to $520,000 in May of this year. So far this year we have seen a big spike in January ($520,000), then it leveled back out and since then it has slowly increased. The median sale price has remained pretty consistent throughout the year, with small variances from month to month. In contrast, the number of properties sold has seen many fluctuations. Year over year, the number of sold homes has increased by 25%, from 36 in May of last year to 45 this past May. … (0 comments)
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