2013 reflects a seasonal real estate pattern. After the hot housing frenzy in the spring, with multiple offers and rising prices, sales slowed. November data is being tabulated now, but October marked the fifth month of decline nationally. However, the gains year over year nationwide remain higher. The National Association of Realtors' Chief Economist Lawrence Yun recently stated, "Annual existing-home sales should be nearly 10% higher this year than in 2012, totaling just above 5.1 million."
Locally, the East Bay real estate market has shown a dramatic recovery this year in many communities. For more detailed information, read the first article below.
Of course, keeping track of the market in your neighborhood is vital whether you're planning to sell or looking to buy. You can sign up for free automatic abbreviated reports anytime. Just log onto http://open.apr.com/Community-Information, then follow the instructions on the left side of the screen. If you have any questions, you can contact me directly and I will set it up for you. You can also view more in-depth reports for your specific neighborhood anytime you'd like.
As always, if you want to further evaluate your options, contact me anytime: email@example.com.
Articles and Advice
A Welcome Leap for Home Prices for Many East Bay Cities
By: Pete Carey/Contra Costa Times
The East Bay watched from the sidelines last year as housing prices soared in the South Bay and Peninsula, propelled by Silicon Valley's unstoppable growth. This year its turn to rebound finally came.
By: Stephen Fishman
By: Jill Hamilton
Q: I’ve heard that there are many foreign investors who are buying homes in the United States. Why the interest?
A: Chinese buyers are the fastest-growing source of foreign buyers of U.S. properties. They tend to purchase property in the upper price ranges, with a median price of $425,000. According to NAR, buyers from China are particularly interested in California, where they pay all cash for their new homes, which are also viewed as a "safe haven for their wealth". These buyers base their purchases on the quality of education and the potential for investment returns per CNBC.
SOLD! Beautiful 3 bedroom, 2 bathroom single-level home in Burton Valley! Updated with great yard, including a patio, lawn and vegetable gardens. Offered at $1,039,000.
6 Linda Vista
Families going through foreclosure have to make very hard decisions, and sometimes are no longer able to care for their pets. Dogs and cats often end up in public shelters– racing the clock as they hope for adoption. That’s where Tony La Russa’s Animal Rescue Foundation, or ARF, comes in. The ARF team rescues pets who are about to run out of time in these shelters, provides care and comfort, and then finally matches them with the perfect owners.Two-year-old Lyle is an Australia Shepherd Mix. He's a super-sweet, smart guy who already has a few tricks under his collar, such as Sit, Shake and Heel. Lyle is both a couch cuddler and the outdoorsy type who is good with other dogs and kids. Plus, he clearly has a winning grin.
To find out more about Lyle or any of the other ARF pets looking for a home, click on the link below.
There are many great holiday events this month around the Bay Area! Click on the link below to see what's happening:
Many of you know that I have a passion for good wine. I’ve even grown grapes and made my own. I’ve also belonged to a wine group for about 20 years. Every month we get together for a blind tasting and then rank the wines we try.