martinez real estate market: Martinez Real Estate Review - April - 04/02/15 10:42 AM
 

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)

martinez real estate market: Martinez Real Estate Update - March - 03/04/15 10:22 AM


 
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)

martinez real estate market: Martinez Real Estate Update - February - 02/05/15 04:26 AM


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 real estate market: 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 real estate market: Martinez Real Estate Update - December - 12/04/14 05:32 AM

2014 has been a great year for the Martinez real estate market. And with recent 2015 projections coming out for the U.S. real estate market, 2015 will likely be even better. Freddie Mac’s economic outlook for 2015 calls for 3 percent growth in the U.S. economy, which means good news for Bay Area housing. Home value appreciation is expected to drop slightly which is a positive for buyers and sellers. Home values have appreciated so much throughout the last year so many homeowners are all in all in a good place. This also means buyers will be more active. As far as interest … (0 comments)

martinez real estate market: Martinez Real Estate Update - November - 11/06/14 02:45 AM

With only two more months left of 2014, most are wondering how 2015 projections are looking for sellers and buyers. A recent forecast by the California Association of Realtors gives much hope to homebuyers for the coming year, with a prediction of a growing supply of inventory, leveling home prices and less competition with investors. There is also a prediction that mortgage interest rates will remain at historically low levels throughout 2015. This is an incredible outlook for the coming year. And with that being said, 2014 has been a very solid year in the real estate market.
The Martinez … (0 comments)

martinez real estate market: Martinez Real Estate Update - October - 10/13/14 03:09 PM

The U.S. real estate market is nearly stabilized and Martinez, like many local markets, is recovering quicker than the nation. In September 2014 the median sale price had a year over year increase of 32%, from $417,300 to $550,000. Additionally, the number of new properties that came on the market in September is up by 31% year over year from 39 t0 51. The correlation between these two increases speaks for itself. Home values are increasing so sellers are eager to put their homes on the market. The number of properties sold is only down 1% year over year, from … (1 comments)

martinez real estate market: Martinez Real Estate Update - September - 09/08/14 09:04 AM

The Martinez real estate market, like many Bay Area cities is slow during the summer months and tends to pick up after school has started and vacations have passed during Fall. This summer has been more quiet than in recent years likely due to intense demand and constrained inventory. This, coupled with increased prices has some homebuyers sitting out the action as they wait for the supply-and-demand ratio to stabilize. The median sale price has increased by 9% year over year, from $437,500 to $475,000. Additionally, the number of for sale properties by month is down 22%. Another number that supports … (0 comments)

martinez real estate market: 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)

martinez real estate market: Martinez Real Estate Update - May - 05/12/14 03:08 AM

Median home prices in Martinez are up 4% from last year, from $427,500 in April 2013 to $445,000 in April 2014. Not a drastic increase but on an upward tick. In January there was a spike in prices with a median sale price of $499,000. We saw a drip in February but since then there has been a slow and steady increase. The same goes for the number of properties sold in Martinez. Last April the number of sold properties was at 54, compared to 44 this April, a decrease of 19%. Though, in 2014 so far we are seeing … (0 comments)

 
Valerie Crowell, Broker Associate (Keller Williams)

Valerie Crowell

Broker Associate

Walnut Creek, CA

More about me…

Keller Williams

Address: 100 Pringle Ave #100, Walnut Creek, CA, 94596

Mobile: (925) 381-2998

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