Nate Womack
(925) 998-9449
DRE 01369153
(925) 998-9449
DRE 01369153
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Nate's Neighborhood Notes
End of Summer Nears, List Prices Lower
As we enter the last month of summer, one thing is for sure, things are starting to cool off a bit when it comes to real estate. That doesn’t mean that homes aren’t selling or the market is going to tumble again. It simply means that the forces that caused real estate prices to increase so much this year have started to ease a bit and that the remaining Buyers are pickier with their purchases. I have noticed that homes are remaining on the market a lot longer (particularly in July) and a few have undergone price reductions. Does this mean that you should wait until next year if you are thinking about selling? Not necessarily. A number of homes are coming on the market later in the summer and that has created competition with those that have not yet sold. Listed homes are in a variety of conditions (some with a little work done and others that have been fully remodeled) and this is the time of year that Buyers decided to “wait until next year” to buy. If you are seeking the highest price for your home, it needs to be in its best condition. Many Sellers will become more motivated and may reduce their price to sell. The better the condition, the easier to sell (pricing accordingly will also help to offset a home that may need some work). Recent reports show that in June, the states average inventory was at 3.7 months. Call me if you would like a FREE market analysis of your home.
As of August 4, 2014, there were 118 total units (detached homes, condominiums, and townhomes) available for sale in the Dublin market. Thirty eight of those listings are either condos or townhomes. There are 132 homes pending and the inventory is at 1.62 months.
U.S. Foreclosures Fall to Lowest Level Since July 2006
U.S. properties with foreclosure filings - default notices, scheduled auctions, and bank repossessions - fell 19 percent in the first half of 2014 from the previous six months and were down 23 percent from the first half of 2013, RealtyTrac reported. One in 214 homes had at least one foreclosure filing in the first six months of the year.
The report also includes new foreclosure activity data from June, when a total of 107,194 U.S. properties had a foreclosure filing, down 2 percent from the previous month and down 16 percent from a year ago to the lowest level since July 2006, before the housing price bubble burst. Total foreclosure activity in June was the lowest since the housing bubble burst in August 2006 in 10 states, including Texas, Georgia, Colorado, Tennessee, Arizona, and Nevada. For more information and to see the entire article, click here.
As we enter the last month of summer, one thing is for sure, things are starting to cool off a bit when it comes to real estate. That doesn’t mean that homes aren’t selling or the market is going to tumble again. It simply means that the forces that caused real estate prices to increase so much this year have started to ease a bit and that the remaining Buyers are pickier with their purchases. I have noticed that homes are remaining on the market a lot longer (particularly in July) and a few have undergone price reductions. Does this mean that you should wait until next year if you are thinking about selling? Not necessarily. A number of homes are coming on the market later in the summer and that has created competition with those that have not yet sold. Listed homes are in a variety of conditions (some with a little work done and others that have been fully remodeled) and this is the time of year that Buyers decided to “wait until next year” to buy. If you are seeking the highest price for your home, it needs to be in its best condition. Many Sellers will become more motivated and may reduce their price to sell. The better the condition, the easier to sell (pricing accordingly will also help to offset a home that may need some work). Recent reports show that in June, the states average inventory was at 3.7 months. Call me if you would like a FREE market analysis of your home.
As of August 4, 2014, there were 118 total units (detached homes, condominiums, and townhomes) available for sale in the Dublin market. Thirty eight of those listings are either condos or townhomes. There are 132 homes pending and the inventory is at 1.62 months.
U.S. Foreclosures Fall to Lowest Level Since July 2006
U.S. properties with foreclosure filings - default notices, scheduled auctions, and bank repossessions - fell 19 percent in the first half of 2014 from the previous six months and were down 23 percent from the first half of 2013, RealtyTrac reported. One in 214 homes had at least one foreclosure filing in the first six months of the year.
The report also includes new foreclosure activity data from June, when a total of 107,194 U.S. properties had a foreclosure filing, down 2 percent from the previous month and down 16 percent from a year ago to the lowest level since July 2006, before the housing price bubble burst. Total foreclosure activity in June was the lowest since the housing bubble burst in August 2006 in 10 states, including Texas, Georgia, Colorado, Tennessee, Arizona, and Nevada. For more information and to see the entire article, click here.
If you would like further assistance of either purchasing or selling your home please feel free to contact me using the form on the contact page. Also, I do have additional information and documentation that is not up on the website. I would be happy to assist you in answering you real estate questions. If you prefer email, you can email me at info@Homes-Dublin.com
August 2014