walnut creek real estate: Walnut Creek November Real Estate Update
- 11/17/16 03:14 AM
The Bay Area housing market this summer was actually quite slow compared to previous years. Summer months are typically booming for the housing market so this was most definitely not what people, especially those working in real estate had anticipated, especially with such a solid Fall and Spring. For the Bay Area specifically, affordability concerns are what kept a lid on sales. Homebuyers have been fatigued by the past few years of bidding wars, no contingency offers and overpaying for properties. This has been the reality lately and buyers decided to take a step back and re-evaluate the market, especially with (0 comments)
Real estate has been quite favorable for sellers recently, with homes selling for above asking all over the Bay Area, including in Walnut Creek. This is primarily due to the lack of inventory. With all of the hype around this being a sellers market, there is also reassurance for buyers out there, as interest rates are at historical lows. If buyers wait out this market for prices to cool, interest rates will likely spike and therefore negate the lower price that buyers are hoping for. So, in summary right now is a time to sell and buy in the Bay Area. (0 comments)
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. Walnut Creek’s real estate market has remained quite strong throughout the last year. The median sale (1 comments)
The market has been pretty quiet among many Bay Area cities over the last few months of 2015, including Walnut Creek. 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 (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)
walnut creek real estate: Walnut Creek Real Estate Update - January
- 01/07/15 07:38 AM
Happy 2015 to all! What a year 2014 was for the real estate market. Overall, the market in Walnut Creek 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 (0 comments)
2014 has been a great year for the Walnut Creek 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 (2 comments)
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 Walnut (0 comments)
The Walnut Creek real estate market in September was pretty strong. The median sale price is up by 8% year over year, from $813,000 to $875,000. Median sale prices among Bay Area cities has only been increasing and will likely continue to and potentially start to level out within the next few months. The number of properties sold and the number of new properties in Walnut Creek is down slightly, by only 2% year over year. And the average days on the market is up by 8%, from 34 to 37. September was very stable with no real major fluctuations (1 comments)
The Walnut Creek real estate market has remained pretty steady throughout typically slow summer months, though we saw decreases across the board in August, aside from the median sale price which is the case in most Bay Area cities. The median sale price in August 2013 was $812,500 and this August that price increased by roughly 10% to $895,000. Prices are continuing to increase due to the high demand for Bay Area real estate. Home prices continue to rise which is probably why the number of properties sold in August has dipped 23% from last year. Homebuyers are (1 comments)
In June, Walnut Creek’s median sale price increased year over year by 11%, from $805,000 in June 2013 to $897,000 in June 2014. The number of properties sold has decreased by 32% year over year but since January of this year the number of sold properties has been on a steady incline. Also, the average number of days a property stays on the market has decreased slightly year over year, from 21 last June to 19 this June, roughly 10%. And similar to all Bay Area cities, the number of new listings has decreased year over year by 14%, from (0 comments)
Walnut Creek real estate is in high demand. The city has changed so much over the last year and median sale prices continue to rise. Year over year, the median sale price increased by 14%, from $790,500 to $900,000. In contrast, the number of sold units in Walnut Creek has decreased, nearly 20% from 48 homes last May to 40 homes this May. This is very typical for most Bay Area cities and is due to the lower inventory levels this year. Last year there was more inventory so in relation there were more properties sold. With that being said, the inventory (1 comments)
Walnut Creek has remained steady throughout the last year, no real highs and no low lows. March was an exception with spikes in median sale price and the amount of new inventory. The median sale price in March was $915,000, compared to $825,000 in February an increase of 10%. And last March the median sale price was just under $800,000, a nice increase year over year. And the number of new properties month to month went from 36 to 48, a 33% increase. The market is starting to turn and really balance out in the Bay Area. Its been a (1 comments)
walnut creek real estate: Walnut Creek Real Estate Update - March
- 03/12/14 11:31 AM
The Walnut Creek real estate market has remained very steady throughout the years. The median sale price over the last year increased by 17% from $705,000 to $825,000. The number of properties has declined by 32% but this can be largely contributed to the low inventory levels. Though like other Bay Area cities, Walnut Creek is beginning to see an uptick in new listings that are coming on the market. There was also a glaring decrease in the number of days properties sat on the market. In January the average amount of days was around 31 and in February that number (0 comments)
walnut creek real estate: Walnut Creek Real Estate Update - February
- 02/09/14 03:14 PM
Walnut Creek has become a Bay Area destination for many; with hiking, bike trails, high-end shopping, great golf courses, a performing arts theater, museums and much more. All of this has enticed visitors but also homeowners. Over the last year, Walnut Creek has seen a solid and steady growth in home sales and prices. In January 2014 the median sale price was $814,375, up 21% from last January. In addition, Walnut Creek has seen an spike in the median price of for sale properties with an 11% increase when comparing this January to January 2013. Walnut Creek real estate has been (0 comments)
walnut creek real estate: Walnut Creek Year End Real Estate Update
- 01/22/14 10:54 AM
2013 was an interesting real estate market for Walnut Creek. Inventory levels were low throughout the year and demand was very high, shown by multiple offers on properties; there were bidding wars like we haven’t seen in quite some time. Above asking offers became the norm. Overall, the median sale price was $780,000 which is up from $700,000 in December 2012, an increase of 11%. For 2014 we can expect to see a similar market, with demand to remain high, which bodes well for home sellers. Mortgage levels are expected to increase which will in turn limit pricing for some buyers. (0 comments)