Brentwood California Move Up Buyers and Sellers

By
Real Estate Broker/Owner with Home Point Real Estate DRE # 01492725

Brentwood California Move Up Buyers and Sellers

Where are all the Move Up Buyers and Sellers in Brentwood California and Contra Costa County?

The California Association of Realtors puts out some great inforgraphics. Here is one that deals with people considering to sell and move up:

Move Up Home Buyers and Home Sellers

There is a lot of information here and it is always important to remember the difference between what people say and what people actually do. The numbers I think are the most interesting are 1) that 64% of people do not feel they can afford the home they want if they sell; and 2) 60% of the people not thinking of selling feel they are in the home they will retire in.

My gut feeling is that move up buying has slowed down because of both economic reality and a conservative approach by home owners. Home owners do not want to loose their home and will stay put in a secure situation rather than move up. People are looking to other things for contentment than having the most expensive possible home they can afford.

Even though my Bread and Butter is helping people Buy and Sell Homes I think there is a lot of wisdom in being conservative and making due. Yet there are times to Move Up or Down Size. Some families are growing and you just need a bigger home. Other times you can down size your mortgage and get a bigger home by moving to a quality and affordable community like Brentwood California or other East Contra Costa County Communities. And as people move toward retirement maybe they should consider moving to a single story home, or a smaller home, or a 55 Plus Community like Summerset.

Gene owns Home Point Real Estate; located in Brentwood Ca and providing service to the East Contra Costa County Communities of Brentwood, Oakley, Discovery Bay, Antioch, Pittsburg and beyond. Give us call regarding Buying a Home, Selling a Home, or Real Estate Investing. Want to learn more?

 

Comments (10)

Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Gene Riemenschneider 

Affordability is definitely becoming more of an issue, especially in some communities. I thought this was a very interesting infographic to share - I missed this particular one

Jeff

Sep 24, 2015 10:18 AM
Gene Riemenschneider

They put out some great infographics.  Of course what everyone takes from them is a little different I think.

Sep 29, 2015 06:39 AM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

I share your observation that people no longer want the biggest house they can afford. I wonder if it's related to the Baby Boomers retiring and downsizing? It's surely on our near future plans.

Sep 29, 2015 08:27 AM
Gene Riemenschneider

I think the baby boomers to want to go smaller and the people behind them do not feel they need to go huge.  I do think as home schooling and telecommuting will drive people to larger homes.  I also think we will begin to see more multi-generational homes, driving a demand for larger homes, but that is in the future.

Sep 29, 2015 08:30 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Gene

Thanks for sharing the information on the Brentwood California move up buyers and sellers.

Lou Ludwig

Oct 04, 2015 01:28 PM
Gene Riemenschneider

Lou always nice to see you around.  

Oct 05, 2015 02:54 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing this very interesting inforgaphic.

Have a most productive autumn.

Oct 06, 2015 12:08 AM
Gene Riemenschneider

I do think it was one of the better infographics they have put out.

Oct 06, 2015 12:55 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We are seeing this same scenario here in Denver too.   Or, sellers fear they cannot find a home at all with the low inventory.

Oct 10, 2015 09:51 AM
Gene Riemenschneider

I have run into that problem.  But I think many people are uncertain about the ecoomy and their future.  While they want a home, they want to make sure they can keep the home.

Oct 12, 2015 01:26 AM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Excellent information. I like the graphic.  I would stay put unless I had to move for a particular reason.

Oct 12, 2015 02:46 AM
Gene Riemenschneider

My wife and I are staying put and even if we can aford to move out of our small and dated home we will keep it as a rental.  The mortgage payment is low and would provide a nice fall back position.  

Oct 12, 2015 02:50 AM
Sharon Tara

Gene Riemenschneider Smart man!  Sounds like an excellent plan to me!

Oct 12, 2015 02:52 AM
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Gene-That statement about what people say and what they do is a great explanation for why polls are so off the mark too. Good info.

Oct 13, 2015 06:50 AM
Gene Riemenschneider

Yes it is.  And I think they will get more and more inaacurate as people really are tired of pollsters.  

Oct 13, 2015 06:51 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Gene

The market trends for Brentwood California are positive.

Good luck and success.

Lou Ludwig

Oct 13, 2015 02:20 PM
Gene Riemenschneider

Thanks Lou.  I think they are very good and you cannot go wrong Buying in Brentwood Ca.

Oct 14, 2015 01:46 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gene what a great and wise post, too many people say one thing and do another.... my take of the slow down is the lack of confidence in the politicians and their interpretation of what the economy is really like. Second the fear of paying the new taxes on the property they would buy vs. what they are paying for their current home...but what do I know....Endre

Oct 22, 2015 02:50 PM
Gene Riemenschneider

Thank you for your kind words.  I think you are correct.

Oct 23, 2015 01:25 AM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

I noticed you haven't posted on Active Rain for a while and was wondering if all is OK?  Come back to the 'Rain!

Oct 25, 2015 08:14 AM
Gene Riemenschneider

Thank you for your concern.  I have felt bad for not blogging.  I have had some big projects going, both in and out of Real Estate.  And bad habits.  I have turned over a new leaf as of this week.  Hope to post 3 timess by the end of the week.

Oct 26, 2015 04:28 AM