Nate Womack
(925) 998-9449
DRE 01369153
(925) 998-9449
DRE 01369153
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Nate's Neighborhood Notes
2013 Nears it's Close
With the year winding down, many are starting to reflect on the year that was, while the rest of us are looking forward to the coming of 2014. Statistically speaking, the real numbers for 2013 won't probably be in until the end of the first quarter in 2014, but we do know that 2013 was a better year than expected. Of course every market did not fare as well as we did in the Bay Area, but that is what my focus is on (real estate is local).
Home prices in the nation’s largest metro regions posted strong gains in September, although the pace of those increases slowed in most cities, according to a leading gauge.
The Standard & Poor's/Case-Shiller index of 20 U.S. cities, released Tuesday, rose 0.7% from a month earlier and 13.3% from September of last year.
Western cities saw the largest annual price gains. Prices in Las Vegas rose 29.1%; San Francisco 25.7%; Los Angeles 21.8%; and San Diego 20.9%. Also, with rising home prices and interest rates, pending home sales have slowed.
On November 25, 2013, the National Association of Realtors said signed contracts for previously owned homes fell to a 10-month low in October. And the Case-Shiller index showed that 19 cities saw month-over-month home price increases decelerate compared to August.
While most people think that there will be slower growth next year, growth is the key word. As of December 2, 2013, there were 63 total units (detached homes, condominiums, and townhomes) available for sale in the Dublin market. 32 of those total listings are either condos or townhomes and 50 homes were still pending on that date. There are no detached active listings under $600,000 in Dublin and there are three listings above $1.5 million. Inventory is at 1.26 months, which is still a Seller’s market.
11 Reasons to Sell During the Holidays
I recently came across an article that reminds us that real estate transactions are something that occur year round, including the holidays. Even if you are not thinking about listing until the beginning of the year, showing your home during the holidays has its advantages:
11. By selling now, you may have an opportunity to be a non-contingent buyer during the spring, when many more houses are on the market for less money! This will allow you to sell high and buy low.
10. You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next year.
9. Even though your house will be on the market, you still have the option to restrict showings during the six or seven days around the Holidays.
8. January is traditionally the month for employees to begin new jobs. Since transfers cannot wait until Spring to buy, you need to be on the market during the Holidays to capture the market.
7. Some people must buy before the end of the year for tax reasons.
6. Buyers have more time to look for a home during the Holidays than they do during a work week.
5. Buyers are more emotional during the Holidays, so they are more likely to pay your price.
4. Houses show better when decorated for the Holidays.
3. Since the supply of listings will dramatically increase in January, there will be less demand for your particular home. Less demand means more money for you.
2. Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you.
1. People who look for homes during the Holidays are more serious buyers!.
With the year winding down, many are starting to reflect on the year that was, while the rest of us are looking forward to the coming of 2014. Statistically speaking, the real numbers for 2013 won't probably be in until the end of the first quarter in 2014, but we do know that 2013 was a better year than expected. Of course every market did not fare as well as we did in the Bay Area, but that is what my focus is on (real estate is local).
Home prices in the nation’s largest metro regions posted strong gains in September, although the pace of those increases slowed in most cities, according to a leading gauge.
The Standard & Poor's/Case-Shiller index of 20 U.S. cities, released Tuesday, rose 0.7% from a month earlier and 13.3% from September of last year.
Western cities saw the largest annual price gains. Prices in Las Vegas rose 29.1%; San Francisco 25.7%; Los Angeles 21.8%; and San Diego 20.9%. Also, with rising home prices and interest rates, pending home sales have slowed.
On November 25, 2013, the National Association of Realtors said signed contracts for previously owned homes fell to a 10-month low in October. And the Case-Shiller index showed that 19 cities saw month-over-month home price increases decelerate compared to August.
While most people think that there will be slower growth next year, growth is the key word. As of December 2, 2013, there were 63 total units (detached homes, condominiums, and townhomes) available for sale in the Dublin market. 32 of those total listings are either condos or townhomes and 50 homes were still pending on that date. There are no detached active listings under $600,000 in Dublin and there are three listings above $1.5 million. Inventory is at 1.26 months, which is still a Seller’s market.
11 Reasons to Sell During the Holidays
I recently came across an article that reminds us that real estate transactions are something that occur year round, including the holidays. Even if you are not thinking about listing until the beginning of the year, showing your home during the holidays has its advantages:
11. By selling now, you may have an opportunity to be a non-contingent buyer during the spring, when many more houses are on the market for less money! This will allow you to sell high and buy low.
10. You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next year.
9. Even though your house will be on the market, you still have the option to restrict showings during the six or seven days around the Holidays.
8. January is traditionally the month for employees to begin new jobs. Since transfers cannot wait until Spring to buy, you need to be on the market during the Holidays to capture the market.
7. Some people must buy before the end of the year for tax reasons.
6. Buyers have more time to look for a home during the Holidays than they do during a work week.
5. Buyers are more emotional during the Holidays, so they are more likely to pay your price.
4. Houses show better when decorated for the Holidays.
3. Since the supply of listings will dramatically increase in January, there will be less demand for your particular home. Less demand means more money for you.
2. Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you.
1. People who look for homes during the Holidays are more serious buyers!.
If you would like further assistance of either purchasing or selling a 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, you can call or you can email me at info@Homes-Dublin.com
December 2013
Happy Holidays
&
Merry Christmas!
&
Merry Christmas!