Real Estate Market Trends

On May 4, 2023, Realtor.com reported that in North Hollywood, California median list price was $1,100,000 in April of 2023 higher from $1,035,000 in March of 2023, and slightly up 0.0% from $1,099,000 in April of 2022. While, median sales price for a home and a condo was $899,000 in April of 2023, dropped 17.0% from April of 2022 in North Hollywood, California.Houses stayed 39.00 days in the market in April of 2023 decreased from 42.00 days in March of 2023, but increased from 26.00 days in April of 2022 in North Hollywood, California.The median listing price per square foot of a home and a condo was $596.00 in April of 2023 gained from $589.00 in March of 2023, but down 1.0% from $602.00 in April of 2022 in North Hollywood, California.For complete more detailed information about Realto... 05/31/2023

A Luxury Home can be identified differently in cities across the country, but in Denver, my Luxury blog posts will report on detached single-family homes listed in the Denver metro area for over $1.3 million.  (Over the years I have used $1 million as luxury, but with our rising home values, had the need to increase this amount.)  Some have mountain and/or city views, and some properties back to a golf course, or have water views all to compliment one's lifestyle.  (however, we don't have much water)  Some are updated with products from around the world, and some have expansive square footage or acreage.     Whatever a Buyer is looking for, most likely if you have over $1.3 million, you can find it in Denver or in the surrounding suburbs.     Here is how the luxury market fared for the ... 05/31/2023

Market Report Zip Code 28104 | MAY 2023Matthews & Weddington share zip code 28104, and both continue to show strong performance in home sales even with increased days-on-the-market. There remains increased interest in the area. The history in Matthews runs deep, but most of the town’s 25,000+ residents have relocated to Matthews in the past decade, attracted by affordable homes in beautiful new subdivisions, strong schools, lower taxes and the historic, pedestrian-friendly downtown.  Some historic Matthews homes remain around the fringes of Matthews town center, however the Matthews area has seen tremendous growth with new subdivisions.  Homes for sale in Matthews range from transitional to historic colonial to craftsman style. Weddington encompasses approximately 17 square miles or 11,... 05/31/2023

 June is almost here and Realtor Melanie Cameron is sharing some insights into how well homes sold in the last full week of May. Hear stats for how many homes have come on the market, gone under contract, and sold in New Hanover County, Pender County, and Brunswick County in the past 7 days. Subscribe to our YouTube Channel or follow our Facebook page to see all of our new videos as soon as they are posted, including our buyer and seller tips. And if you're thinking about selling or buying, call us at (910) 233-2840. We look forward to helping you with all your real estate needs! 05/31/2023

The Gloucester Township housing market in New Jersey experienced an interesting week from May 22 to May 28, 2023. Despite a decrease in the sold dollar volume compared to the previous year, the market has shown signs of strength and resilience. This report will delve into the statistics and trends that shaped the housing market during this period, highlighting key insights and developments.Decrease in Sold Dollar Volume: The sold dollar volume for the specified dates amounted to $4,348,050, a notable decrease from the previous year's figure of $8,260,500. This decline can be attributed to the lack of inventory available in the market. With fewer homes for sale, buyers faced limited options, leading to a decrease in overall sales activity.... read more by clicking this link:https://www.d... 05/31/2023

The Clark County Washington Market continues to heat up, although at a lower, Recovering Level, that what has been seen in recently for this time of year.RMLS produces the graphic below that highlights most of the key metrics driving our local market:From this information, we see that except for Total Market Time and Inventory in Months; all the numbers are Higher than in the past few months.Market time has dropped quite a bit; and Inventory is lower as well.When we exclude New Construction; only looking at Existing / Resale Homes; we find Total Market Time below 40 days, with Median days coming in at 8 to 9 Days!Active Inventory is also lower for Resale homes at 1.1 months. Thus, if you are a current home owner in Clark County thinking of selling, the buyer interest is strong, and ther... 05/31/2023

Lakewood, CO Wed May 31 2023This week the median list price for Lakewood, CO is $749,900 with the market action index hovering around 73. This is less than last month's market action index of 76. Inventory has held steady at or around 89.  In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb. Real-Time Market Profile Never miss important changes in the Lakewood market. Median List Price $749,900 Median Price of New Listings $675,000 Per Square Foot $314 Average Days on Market 48 Median Days on Market 14 Price Decreased 34% Price Increased 2% Relisted 4% Inventory 89... 05/31/2023

Real Estate in Westport Mass is Heating Up Safe Harbor Realty has new Homes for Sale!  May 31, 2023 Smile for Spring! We have new Homes for sale in Westport, MassContact your Friendly Realtor Karen Martin for a Free list of all the New Homes for Sale and Homes coming soon on the real estate market. As per the MLS Listings  Westport Mass Homes for Sale ( Last month there were only 21 homes for sale.)  There are 41 Single Family Homes for sale in Westport, Mass The lowest priced home for Sale in Westport is listed for $328,000. The Highest priced Home for Sale in Westport is listed for $3.5 Million.  A Waterfront Home on Cherry & Webb Beach Can you imagine Owning your Own home on the Beach!  Dartmouth Mass Homes for sale There are 36 Single Family Homes for sale in Dartmouth, Mass The low... 05/31/2023

Latest news on the Tega Cay, SC real estate market in April 2023...What you need to know now...What it means for you... Key take-aways about the Tega Cay housing market in April 2023:  Median home prices increased year-over-year and month-over-month. Inventory dropped from March 2023, up slightly over April 2022. This was the lowest level of inventory Tega Cay has seen since April 2022. New listings down year-over-year and unchanged month-over-month. Days on market dropped to 23 days in April, declining 18 days from March. Lack of inventory and new listings is helping homes sell more quickly. Sold properties at their lowest level in more than three years. Again, lack of inventory and new listings is having an impact on sales. At 99.41% list to sale price ratio Tega Cay home buyers are n... 05/31/2023

This is an excellent post with great information. Thanks for sharing it.Have a super fantastic week!Joe Jackson, Realtor-KWCP 💥Strategies to Maximize Profits  ☀️For ALL of Your East Valley AZ Real Estate Needs 📞Call or 🙋‍♂Text Brian at 480-773-2370 📨Email Brian  ~  Search the MLS for FREE   ️Don't miss out on a great return! Follow these simple steps to make sure you get the most out of selling your home.  To read the full article...  Click HERE.   I specialize in the East Valley of the Phoenix Metro area - Gilbert, Mesa, Chandler, Tempe, Scottsdale, Apache Junction, and Gold Canyon ☀️For ALL of Your East Valley AZ Real Estate Needs 📞Call or 🙋‍♂Text Brian at 480-773-2370 📨Email Brian  ~  Search the MLS for FREE   05/31/2023

CHARLOTTE REGION APRIL 2023 REAL ESTATE REPORTWHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... April 2023 home sales declined in the 16-County Charlotte Region year-over-year for a 16th consecutive month. Pending sales were also down year-over-year for a 16th consecutive month. Sales are happening, but not at the volumes experienced in 2021 and the first half of 2022.  Higher home prices coupled with increasing interest rates have impacted affordability and continue to cool buyer demand. The market in 2021 was clearly an anomaly and we now see that year-over-year sales declines from 2022 appear significant. Sales are still occurring... just not at the pace of the last couple of years. By the same token, the housing market continues to experience steady activity with high buyer interest ... 05/31/2023

Yes! I take requests.  Thanks to Miss D, we are going to look at the housing market under 2000 sq ft. in a not over 55 area. As of today according to CMRMLS .com there are 58 homes available to purchase. The smallest is  948, the median is  1,579, the average is 1,626.SIDEBAR, tell me in the comments if you prefer median or average please.   I personally am an average person, but I do recognize the validity of using the median. The house that has the largest asking price is  $650,000.  It's very cute, updated with a pool, multiple barns on 5 acres. The least expensive is on the market at $129,950 .  It's a 2/1, 1020 sq ft and it's a fixer. It  most likely won't qualify for financing.The average homes is listed at just over $400K, just over $257 a sq ft. and has been on the market for 55... 05/30/2023

What now??!I was reading the Conference Board's latest update as I wrote my June DC real estate market report, my spirits sinking lower with each paragraph, until.... June 2023 DC Real Estate Market Update The end of May is usually the time when DC real estate prices are jumping with each sale, bidding wars are the norm, and market activity is at its frenzied annual peak,. But this year, the outlook for late spring is about as sunny as yesterday’s weather. Last week, mortgage interest rates rose to near 7% again, slamming the door shut on home purchases for many buyers. Potential home sellers are aware that prices are softer than usual, even falling for some neighborhoods and home types, so they're holding back until the market improves, contributing to lower inventory vexing willing an... 05/30/2023

On May 18, 2023, California Association of Realtors (C.A.R) reported homes values were increased 2.8% to the price of $738,520 in April of 2023 from price of $718,370,000 in March of 2023, but declined 7.9% from price of $801,680 in April of 2022 in Los Angeles County, California While, homes sales dropped 8.0% in April of 2023 from March of 2023, and fell 37.6% from April of 2022 in Los Angeles County, California.There were 2.6 months supplies of available inventory of homes in April of 2023, up from 2.2 months in March of 2023, and higher from 1.9 months in April of 2022 in Los Angeles County, California.An average it took 22.0 days to sell a home in April 2023, down from 26.0 days in March of 2023, but jumped from 13.0 days in April of 2022 in Los Angeles County, California.For compl... 05/30/2023

The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Novato for $3,250. Thanks to everyone for a great transaction. For any questions about Novato property management or buying or selling investment properties in Novato, call Broker Christopher Barrow at (415) 637-8934! 05/30/2023

In our updates we like to show brief graphics that help us understand the trends; where we've been, and the direction we are currently going. The first graph shows the 3-month rolling average of Pending Sales for existing homes in Vancouver WA:When reviewing the above year-by-year trend-lines, remember that most of 2020, all of 2021 and part of 2022 received an Overly amount of financial stimulation from the Federal Reserve. Clearly the first four months of 2023 are far below the sales activity we've seen in each of the previous five years.Our next chart goes back to the year 2009, and shows both the 3-month and 12-month rolling average trend for CLOSED Unit Sales:This longer-term chart is showing what has actually Closed (not all Pending sales actually close). We see that the seasonal ... 05/30/2023

What’s My Cheshire CT Home Worth, Market Statistics for April 2023Cheshire is a town in New Haven County offering a high quality of life. It has a population of app 29,000. It offers an easy commute to New Haven CT of 14 miles; it borders Waterbury CT and is just 25 miles south of Hartford, the state capital. Currently in Cheshire CT there are 16 active residential listings for sale. They range from a 1,598 square ft, 4-bedroom cape listed at $349,900 to a 4,015 square ft, 5-bedroom new construction colonial listed at $1,148,290. The average list price of the homes currently available for sale in Cheshire CT is $746,712. The average days on market for these homes is 58 days.  Search for Homes in Cheshire CTThere are currently 20 homes under pending status and 34 under hard contract in C... 05/31/2023

April 2023 Real Estate Market Statistics for Watertown CT Watertown CT is a town in Southeastern Litchfield County, Connecticut.  The ZIP codes for Watertown are 06795 (for most of the town) and 06779 (for the Oakville section). It is a suburb of Waterbury, CT.  It's population is app 23,000 and has a town manager form of government.   It occupies an area of 29.5 sq miles.  It is also a gateway to Litchfield county along the eastern end. Currently in Watertown CT there are 19 active residential listings for sale. The homes for sale in Watertown CT range from an 672 square ft, 2-bedroom ranch listed at $235,000 to a 5,607 square ft, 5-bedroom, colonial listed at $1,500,000.  Search for Homes in Watertown CTThe average list price of the homes currently available for sale in Watertown CT i... 05/30/2023

Today’s Real Estate Market: The ‘Unicorns’ Have Galloped OffComparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word: “Something that is greatly desired but difficult or impossible to find.” The pandemic profoundly changed real estate over the last few years. The demand for a home of our own skyrocketed, and people needed a home office and a big backyard.  Waves of first-time and second-ho... 05/30/2023

Highlands Ranch, CO Tue May 30 2023This week the median list price for Highlands Ranch, CO is $825,000 with the market action index hovering around 77. This is an increase over last month's market action index of 76. Inventory has increased to 77.  The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. Real-Time Market Profile Never miss important changes in the Highlands Ranch market. Median List Price $825,000 Median Price of New Listings $678,000 Per Square Foot $256 Average Days on Market 39 Median Days on Market 14 Price Decreased 31% Price Increased... 05/30/2023