Real Estate Market Trends

10/11/2024

What’s the Value of My Rancho Santa Fe Home? Home Sales for September 2024 Buyers and sellers in Rancho Santa Fe need up-to-date information about local market conditions in order to make educated buying or selling decisions about Rancho Santa Fe homes for sale.  The Rancho Santa Fe housing market is the most expensive in San Diego County in general. The community offers large estates, gated communities, and luxury and equestrian properties on expansive lots, often measured in acres. At the time this report was written there were 30 homes listed for more than $10,000,000, with 1 at $100,000,000. LEARN MORE ABOUT RANCHO SANTA FE:  Rancho Santa Fe - Luxury Home Buyer's Paradise in San Diego Here’s what happened in the Rancho Santa Fe housing market in September 2024 based on information i... 10/11/2024

Can you believe the that median sales price for a single family home on Oahu was up 6% from a year ago? This is David Buck with Harcourts Island Real Estate and today we're going to report on the market stats for September of 2024... Read More 10/11/2024

Is Central Oregon Real Estate Moving to a Balanced Market? In Q3 2024, the Bend Oregon Real Estate market and surrounding communities experienced a change, moving closer to a balanced market after many years of being a seller's market. The number of listings grew, days on market increased, but prices appear to have leveled off, at least within Bend and Redmond. In Bend, Redmond, Powell Butte and Black Butte Ranch, the number of sold homes increased as third quarter 2024 also saw mortgage interest rates drop. Outside of Redmond and Sunriver, all of the Central Oregon real estate markets saw an increase in new listings year over year, many above 20%. This can partly be attributed to sellers recognizing that with lower mortgage interest rates, the cost of their replacement property would ... 10/11/2024

Inventory Growth: More Homes Hitting the Market in 2024The tight housing inventory that has characterized the market in recent years is expected to ease in 2024, with more homes being listed for sale. This increase in inventory is good news for buyers, who have been competing in a low-supply, high-demand environment.Why It Matters: More homes on the market mean more options for buyers and less competition. Sellers will need to price homes competitively as more listings come online. What You Can Do: Take advantage of the increased inventory by finding your dream home with less competition! If you’re a seller, now is the time to list before the market becomes oversaturated.“The inventory crunch is easing—is your dream home just around the corner?”“Let me guide you through the growing mark... 10/11/2024

What’s the Value of My Vista Home? Vista Home Sales for September 2024 Vista is an inland community in North San Diego County, bordering Oceanside, Carlsbad and San Marcos. Vista offers a variety of housing, including tract home neighborhoods (gated and ungated), custom homes, condos and townhomes, rental complexes, and 55+ communities. There are also homes with large lots in rural areas, and up in the hills, some with panoramic views. There are mixed use and agricultural areas in Vista too. The downtown area is growing and changing, with plentiful dining and shopping opportunities and services.  Major commuting routes (e.g., the 15 and 78 freeways) are readily accessible. The Vista Farmers Market, founded in 1981, is the longest running farmers market in San Diego, and it’s a good one.... 10/10/2024

O‘ahu Home and Condo Sales Slip in September Year-to-date median prices show modest gains as third-quarter mortgage rates see gradual decline HONOLULU – According to resale figures released this week by the Honolulu Board of REALTORS®, O‘ahu’s housing market continued to see a slight softening in sales in September. Single-family home sales fell 6.5% year-over-year, dropping from 232 sales to 217, while condo sales experienced a modest 2.7% decrease, with 366 sales compared to 376.However, single-family home sales remain 5.8% ahead of last year’s pace year-to-date, while condo sales are tracking 5.6% lower than the same period in 2023. The third quarter also showed a similar pattern, with single-family home sales increasing by 4.4% over Q3 2023, while condo sales decreased by 5.2%. Usin... 10/10/2024

Fox Hill Farm is a 55+ Community for Active Adults located in Glen Mills, Delaware County.  It is located close to shopping areas, Longwood Gardens, the Brandywine River Museum and the Delaware State line.As of October 10, 2024:1 Active Listing1 Coming Soon2 Houses are Under Contract/Pending Sale7 Houses Closed in the last 6 monthsPrice range on all the above $373,999 - $703,000(info Bright MLS various brokers/agents)If you are considering selling/buying in Fox Hill Farm, please contact us. 10/11/2024

Homes For Sale in Delaware County PA with In-Law Suites - October 2024As of October 10, 2024 there are the following claiming to have an In-Law Suite:7 Active Listings1 Coming Soon Status8 Pending Sale/Under Contract29 Closed/Settled in the last 6 monthsPrice Range for the above is $285,000 - $11,850,000Yes a wide price range and various situations.Delaware County has many options.(info Bright MLS - various brokers/agents)In-Law Suites are often utilized by families to have multi-generational situations under one roof or on one property.  Such situations can make it easier for a family to have their parents age in place with them, and is a good way for grandparents to have daily interactions with their children and grandchildren. Also In-Law Suites can be helpful when extended family me... 10/10/2024

Here is a comparison for Jan 1-Sept 30, comparing 2023 to 2024                                           2023                     2024New Listings:                200                        165Closed Homes:             166                         127Average Price:             $383,931                  $408,779       +7% Closings are down due to:    1) Less inventory            2) Higher rates at year's onset.Prices are up due to lack of inventory and fast sales--  average days on market was 29 in 2023,   now at 25. If you are a would be homeseller, you may be rolling the dice by waiting.   My cell:   (609) 864-8164My website:  https://michaelelliott.fathomrealty.com/  10/10/2024

New Listings this Week:   7       Low:  $143,888      High:  $525,000 Closed:  0  Active Inventory:  23 The market remains sluggish here, but the best properties are still selling under 30 days! As a 31 year BT resident,  I know my market and would love to help you. My cell:  (609) 864-8164My website:  https://michaelelliott.fathomrealty.com/   10/10/2024

Aurora, CO 80018Wed Oct 09 2024This week the median list price for Aurora, CO 80018 is $585,000 Median List Price $585,000 Median Price of New Listings $645,000 Per Square Foot $269 Average Days on Market 113 Median Days on Market 49 Price Decreased 62% Price Increased 2% Relisted 7% Inventory 103 Median Rent $2,998 Getting more homes on the market for this zip code area.  Interested in buying or selling , give me a call, lets talk! 10/09/2024

On October 3, 2024, Realtor.com reported that in Los Angeles-Long Beach-Anaheim, California median list price of a home was $1,154,440 in September of 2024, lower 1.7% from September of 2023.Houses stayed 46 days in the market in September of 2024 higher 1 day from 45 days from September of 2023 in Los Angeles-Long Beach-Anaheim, California.Active homes listed in the market jumped 46.9% in September of 2024, from homes listed in September of 2023, and new listing gained 22.6% in September of 2024, from new homes listed in September of 2023, in Los Angeles-Long Beach-Anaheim, California, according to Realtor on October 3, 2024.For complete more detailed information about Realtor.com’s Los Angeles-Long Beach-Anaheim, California real estate trends for September of 2024, please click  HERE 10/08/2024

10/08/2024

**Gloucester Township, NJ Real Estate Market Update: Sept 29 - Oct 5, 2024 🏡**The Gloucester Township real estate market is bustling with activity! Here’s a snapshot of the latest trends for this week:- **3 New Listings Coming Soon! 🚀**  - **82 Active Listings** with an average price of **$369,078** and a total market value of **$30,264,427**.- **8 Homes Active Under Contract** and **6 Pending** 🕒  - **10 Homes Closed** with an average sales price of **$429,700**, totaling **$4,297,000** in sales volume.💰 **Sellers are benefiting**, averaging **1.05% over asking price**, showing strong buyer competition. Homes are selling **quickly** with an average **Days on Market (DOM) of just 14.6 days** ⏳ and an **average price per square foot of $196.85**.This is a great time for sellers, with hom... 10/08/2024

Bend Home Sales Up With More Inventory and Lower Mortgage Rates It appears that the tide has turned and Bend home buyers are now experiencing lower prices, more choices with more inventory, and better interests rates. This has enabled more buyers to enter the market and more sellers to have confidence listing their home, knowing that their replacement property will cost less than it did just six months ago. This has generated more early fall business than we normally see and a more balanced Bend real estate market. When September 2024 is compared with September 2023, the following changes to Bend home sales can be noted: Average sales price down 11.3% to $837,153* Median sales price down 4.7% to $713,500 Original list price down 4.3% to $882,186 Median sales price down 2.8% to $737,400... 10/08/2024

10/08/2024

Five areas have seen the largest percentage increase in home values this year. In order to qualify for the list, a zip code had to record at least 20 sales so far in 2024. The zip code where home values have risen the most this year is 20814, which encompasses downtown Bethesda and the surrounding neighborhoods. Rising prices for 4-bedroom detached houses, as well as condos and co-ops drove appreciation up nearly 20%.The next area -- the Rockville zip code of 20852 -- saw prices rise 12% thanks also to prices increasing for larger detached houses.  The list is rounded out with three zip codes -- home to the 20816 area of Bethesda, Langley Park and portions of Silver Spring -- that all saw home values rise by around 10%-11%.   10/11/2024

10/07/2024

What’s the Value of my Encinitas Home? Encinitas Market Report for September 2024 It’s essential that Encinitas sellers and buyers have up-to-date information about local market conditions, and the impact they have on buying and selling, in order to make informed decisions about Encinitas homes for sale. Here’s what happened in the September 2024 housing market in Encinitas, based on information from the MLS (private sales are not included nor are manufactured, mobile, or multi-family homes). These statistics are believed reliable when this report was written but are not guaranteed. READ MORE: Encinitas – An Eclectic Seaside CommunityLeucadia- Surfers' Beach Community in Encinitas CA 31 homes sold in Encinitas in September, 26% fewer sales than last month. Here’s the breakdown of overal... 10/07/2024