pleasant hill market trends: Pleasant Hill Real Estate Update - April - 04/02/15 10:45 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.
Pleasant Hill ended on a great note in the month of March. The median sale price was up … (0 comments)

pleasant hill market trends: Pleasant Hill Real Estate Update - March - 03/04/15 10:25 AM
 

The market has been pretty quiet among many Bay Area cities over the last few months of 2015, including Pleasant Hill. 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)

pleasant hill market trends: Pleasant Hill Real Estate Update - February - 02/05/15 04:29 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 … (0 comments)

pleasant hill market trends: Pleasant Hill Real Estate Update - January - 01/07/15 07:34 AM
 
Happy 2015 to all! What a year 2014 was for the real estate market. Overall, the market in Pleasant Hill 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 … (0 comments)

pleasant hill market trends: Pleasant Hill Real Estate Update - December - 12/04/14 05:37 AM

 
2014 has been a great year for the Pleasant Hill 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 … (0 comments)

pleasant hill market trends: Pleasant Hill Real Estate Update - November - 11/06/14 02:52 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 Pleasant … (0 comments)

pleasant hill market trends: Pleasant Hill Real Estate Update - October - 10/13/14 03:16 PM

The U.S. real estate market is on the incline and beginning to fully recover from the mess we were in beginning in 2008. And like many Bay Area cities, Pleasant Hill is recovering faster than the nation. The median sale price increased slightly, by 7% year over year from $637,500 to $685,000. The number of properties sold is down 11% year over year which is likely due to the increase in home values. And the number of new properties that came onto the market, that number was down by 29% year over year. Again, this is due to the imbalance … (0 comments)

pleasant hill market trends: Pleasant Hill Real Estate Update - September - 09/08/14 09:20 AM

The Pleasant Hill real estate market is generally slow at this time of year. And now that vacations are likely over and school has resumed things may turn a corner once Fall hits. Currently there is an intense demand and constrained inventory, in addition to homebuyers sitting this market out. All of this leads to fluctuations in all aspects of the Pleasant Hill real estate market. The median sale price is increased by 6% year over year, from $570,000 to $605,000. Also, the number of properties sold in the month has gone down by roughly 22%, from 38 to 30. … (1 comments)

pleasant hill market trends: Pleasant Hill Real Estate Update - June - 06/04/14 12:33 PM

Pleasant Hill’s real estate market hasn’t seen many highs or lows throughout the last year. As far as the median sale price, year over year we have seen a 2% increase, from $580,000 last May to $590,000 in May 2014. This differs from many Bay Area cities. Similarly, the number of properties sold in Pleasant Hill has remained steady, with a 0% increase/decrease over the last year. The lack of increases on all levels isn’t necessarily a bad thing, Pleasant Hill is simply remaining very consistent. A varying stat coming out of Pleasant Hill is the number of new listings … (0 comments)