Real Estate Market Trends

If you're looking for a vibrant community with easy access to shopping, dining, and highways, Las Gaviotas townhomes in the Great Bridge area of Chesapeake might be exactly what you need. Nestled off Cedar Road, this charming neighborhood combines a prime location with a variety of home styles perfect for any lifestyle.Las Gaviotas: An Overview of Townhoming LivingLas Gaviotas features single family homes and two sections of townhomes, each uniquely designed to cater to different needs.  Today we are going to focuse on the townhomes.Section One: Built Between 1985-1988 Total Units: 130 Size Range: 1,128 to 1,540 sq. ft. Bedrooms: 2-3; 1.5-2.5 baths Features: 13 units are single-story 27 units have attached garages Median Size: 1,216 sq. ft. with 3 bedrooms and 2.5 baths Section Two: Bui... 09/12/2024

Are mortgage rates high?   Compared to 4 years ago, yes.   But compared to historic data they are NOT high.  If we go back to 1970, the average rate is approximately 7.9%Today's 30 year fixed rate is approximately   5.99  %   By most standards, that is an excellent rate, unless you remain focused on "what was" 4 years ago, which will likely never ever happen again.  So, yes, today's rates are low by comparison.  If you are waiting for the crazy low rates of 4 years ago, you are likely to be very disappointed.I bring this up because some consumers, even some rookie agents, are declaring current rates "high".  They were 14% plus when I entered the business in 1984.Let's chat about your current real estate needs and opportunities this market offers. My cell:  (609) 864-8164My website:  htt... 09/12/2024

09/12/2024

Are We Moving Toward a Balanced Market?The real estate market is shifting! With growing inventory, we’re inching closer to a balanced market where neither buyers nor sellers hold all the power. Here’s what you need to know.What’s a Balanced Market?A balanced market typically means a 5-7 month supply of homes for sale, where prices stabilize and both buyers and sellers have equal opportunities. We’re not quite there yet, but inventory is on the rise, moving us closer to this sweet spot.Current Market Trends More Homes on the Market: Inventory has increased, meaning homes are sitting longer. As a buyer, you have more choices. As a seller, pricing right is crucial! Fewer Offers per Listing: Sellers may need to be more flexible, while buyers face less intense competition. Buyers Have More L... 09/12/2024

Modern 3-Bedroom Condo for Sale in Nashville, TN – Prime Location and AmenitiesLooking for a luxury three-bedroom home in Nashville, Tennessee? Check out this amazing house at 111 Prospect Hill, providing large living in a fantastic location. Explore this beautifully crafted home and enjoy modern living at its best! $ 1,175,000 Single Family Residence Main Features 3 Bedrooms3 Bathrooms2 GaragesBuilding Area: 2335 sqftLot: 0.13 acre(s)Year Built: 1979MLS #: 2702862 Location 111 Prospect HillNashville, TN 37205USA Explore Your Perfect Home in Nashville, TN - Start Your Search Today!Don't Miss OutSchedule Your Private Tour Today and Make This Home Yours!Call Us Today!     09/12/2024

On September 5, 2024, Realtor.com reported Realtor.com reported that in Los Angeles-Long Beach-Anaheim, California median list price was $1,190,000 in August of 2024 increased 2.4% from August of 2023.Houses stayed 44 days in the market in August of 2024 higher 3 days from 41 days from August of 2023 in Los Angeles-Long Beach-Anaheim, California.Active homes listed in the market jumped 41.6% in August of 2024, from homes listed in August of 2023, and new listing gained 16.2% in July of 2024, from new homes listed in August of 2023, in Los Angeles-Long Beach-Anaheim, California according to www.realtor.com/research/august-2024-data/For complete more detailed information about Realtor.com’s Los Angeles-Long Beach-Anaheim, California real estate  trends for August of 2024, please click  HERE 09/12/2024

What’s the Value of my San Marcos Home?San Marcos Home Sales for August 2024 The San Marcos real estate market continues to change. This report does not include private sales, mobile homes or multi-family housing (the information is from the MLS and believed accurate at the time this report was published but is not guaranteed). It’s important that buyers and sellers have up-to-date information about local market conditions to help make educated buying and/or selling decisions about San Marcos homes for sale. READ MORE: San Marcos - A Thriving Inland Residential CommunitySan Elijo Hills – Award-Winning Master Planned Community in San MarcosLake San Marcos – Resort and Residential Community in San Marcos, CA 78 homes sold in August in San Marcos’ 2 zip codes (92069 and 92078), 8 more than... 09/11/2024

What Sold in Your North Shore Village in August 2024  WINNETKAClick here to see all Winnetka homes or condos sold in August 2024All homes for sale:  40Current month's supply of inventory:  1.7Past 12 months median price: $1,750,000See Winnetka homes for saleSee Winnetka condos for saleSee Winnetka townhouses for sale WILMETTEClick here to see all Wilmette homes or condos sold in August 2024All homes for sale:  42Current months supply of inventory:  1.2Past 12 months median price: $1,111,000See Wilmette homes for saleSee Wilmette condos for saleSee Wilmette townhouses for sale KENILWORTHKenilworth homes sold in August 2024All homes for sale: 11Current month's supply of inventory:  2.3Past 12 months median price: $1,529,000See Kenilworth homes for saleGLENCOE Click here to see all Glencoe... 09/12/2024

Maui's housing crisis collides with its tourism economy, sparking a significant debate over the future of short-term vacation rentals. Mayor Richard Bissen's proposal to phase out more than 7,000 short-term rental units has drawn fierce opposition from many in the real estate community. Local Realtors such as Tom Tezak, Gary Moore, Patric Ihu, and Kimberly Delmore have voiced strong concerns, warning that this move could devastate the island’s vacation rental market, causing unintended economic consequences.Why Realtors Are Against the ProposalMany realtors, property managers, and investors are sounding the alarm about the potential fallout from eliminating short-term rentals. Their main concerns center around two key points: Short-Term Rentals as Economic Engines: The short-term rental... 09/11/2024

Luxury 5-Bedroom Home for Sale in Franklin, TN - Perfect Family Living Looking for a luxury five-bedroom home in Franklin, Tennessee? Check out this stunning property at 407 Brickenhall Dr, offering ample space and an ideal location. Explore this beautifully designed home and experience modern living at its finest!   $ 1,600,000 Single Family Residence Main Features 5 Bedrooms5 Bathrooms3 GaragesBuilding Area: 4,793 sqftLot: 0.34 acre(s)Year Built: 1999MLS #: 2702253 Location 407 Brickenhall DrFranklin, TN 37069USA   Discover Your Perfect Home in Franklin, TN - Start Your Search Today!Don't Miss OutSchedule Your Private Tour Today and Make This Home Yours!Call Us Today!  09/10/2024

 The rates decreased this past week, and we saw a flurry of activity in and around the Denver metro area with buyers securing their Dream Homes!   So good to see, as it has been a strange year with rates too high for most buyers.The state are out for the month of August, and the numbers reflect this strange year.   Inventory is up, sales were down, yet the value of homes continued to rise.We are seeing approximately 1/10 of the homes currently active go pending each week.   About 300 properties come back on the market each week, and this week (9/10/24) we saw around 1,800 price reductions.  Typically after Labor Day we see the market pick back up, but still not at the same pace we see in the Spring.   If the rates drop again (with the Fed announcement mid-September), we should continue ... 09/11/2024

What's the Value of My La Jolla Home? La Jolla Home Sales for August 2024 La Jolla is one of the more expensive housing markets in San Diego County. When you tour La Jolla online (see link below), or visit in person, it’s easy to see why this is the case. As a buyer or seller in La Jolla, having up-to-date local market information about La Jolla homes for sale benefits you when you want to make educated decisions about buying and/or selling a home in La Jolla. La Jolla is an attractive coastal community with many of the homes offering beautiful views of the ocean from the hills or on the coast. There is an up-scale village offering top-notch shopping, dining, and services. La Jolla has sometimes been compared to the French and Italian Rivieras due to the wonderful ocean and coastline vi... 09/10/2024

Coral Springs Florida Single Family Real Estate Market Report for August 2024. With 40 Closed Real estate closings and 141 new listings. The active inventory is 14.00 months in August and the average days on market are 28 days.Find Out What Your Neighbors Homes Are Selling For --> CoralSpringsHomeValuesCoral Springs Condos, Villa's and Townhomes for sale --> SearchCondosNowCoral Springs Single Family homes for sale --> SearchSingleFamily 09/10/2024

Coral Springs Florida Real Estate Condos, Villa's and Townhome Market Report for August 2024. With 14 Closed Real estate closings and 81 new listings. The active inventory is 27.00 months in August and the average days on market are 77 days.Find Out What Your Neighbors Homes Are Selling For --> CoralSpringsHomeValuesCoral Springs Condos, Villa's and Townhomes for sale --> SearchCondosNowCoral Springs Single Family homes for sale --> SearchSingleFamilyCoral Springs Vacant Land For sale -->  VacantLandForSale 09/10/2024

State Wide Realty Co:Market SnapshotPrince Edward Co VAAugust 2024Here is how the month of August 2024 played out for residential and land sales in South Central Association of Realtors for Prince Edward Co versus August of 2023.   Residential 2024 2023 Average Days on Market 38 75 Average List Price $305,313 $215,906 Median List Price $314,450 $189,900 # of Sales 8 8 Average Selling Price $302,988 $211,250 Median Selling Price $312,450 $191,500 *Information provided by South Central Association of Realtors-Navica MLS System*  Land 2024 2023 Average Days on Market 109 39 Average List Price $18,750 $89,950 Median List Price $17,500 $42,450 # of Sales 4 4 Average Selling Price $14,000 $74,325 Median Selling Price $10,000 $36,200 *Information provided by South Central Association of Realto... 09/10/2024

Coral Springs Single-Family Homes: Top Sales from 2023 to 2024The Coral Springs real estate market for single-family homes has remained strong from 2023 to 2024, with notable sales in several prestigious neighborhoods. Families and investors alike are drawn to Coral Springs due to its excellent schools, lush parks, and vibrant community atmosphere. Below is an overview of the top single-family home sales, highlighting key trends and popular neighborhoods.Market OverviewFrom 2023 to 2024, single-family homes in Coral Springs have maintained steady appreciation, with buyers seeking spacious properties, family-oriented neighborhoods, and modern amenities. Coral Springs' suburban charm combined with its proximity to Fort Lauderdale and Miami makes it a desirable location for homebuyers.Top ... 09/10/2024

Coral Springs Condo, Villas, and Townhomes: Top Sales from 2023 to 2024 The Coral Springs real estate market has seen remarkable activity in condos, villas, and townhomes from 2023 to 2024. Buyers and investors have been drawn to this family-friendly city, known for its excellent schools, parks, and proximity to key South Florida amenities. Below is a breakdown of the top sales within this period and the trends driving the market. Market Overview From 2023 to 2024, Coral Springs has experienced steady demand for affordable and mid-range properties in the condo, villa, and townhome sectors. The market continues to thrive due to an influx of first-time homebuyers, retirees, and investors looking for rental opportunities. The relatively lower cost of living compared to nearby cities like F... 09/10/2024

Sunflower Fest at Knightongale Farm: A Blooming Fall Adventure in Anne Arundel CountyLooking for a picturesque way to celebrate the beauty of fall? Head to Knightongale Farm in Harwood, Anne Arundel County for the annual Sunflower Fest on September 14-15. Located at 3924 Solomons Island Road, this festival offers a weekend filled with family-friendly activities, vibrant sunflowers, and plenty of farm fun!What to Expect:Sunflower Fest is the perfect outing for families, couples, and anyone who wants to enjoy the gorgeous Maryland countryside. At Knightongale Farm, you’ll be surrounded by fields of bright, golden sunflowers, offering the ideal backdrop for a peaceful and fun-filled weekend.1. Explore the Sunflower Fields The highlight of the festival is, of course, the sunflower fields. Y... 09/10/2024

Gloucester Township NJ Weekly Market update!Real estate market data for  Gloucester township NJ provided by Dave Sulvetta of eXp Realty**Gloucester Township, NJ Real Estate Market Weekly Update 🏡***Week Ending: September 1, 2024The Gloucester Township real estate market continues to show vibrant activity and solid performance this week. Let’s take a closer look at the latest numbers! 📊### 🔥 New Listings & Active InventoryExciting news for buyers! There are **8 new listings** coming soon to the Gloucester Township market. Currently, **76 homes are actively listed** with an **average price** of **$388,080**, which brings the total market value to **$29,494,058**. This strong inventory provides a wide variety of choices for buyers looking to make a move this fall. 🍂### 📝 Homes Under Contra... 09/10/2024

Coconut Creek Florida Real Estate Condos, Villa's and Townhome Market Report for August 2024. With 11 Closed Real estate closings and 79 new listings. The active inventory is 47.0 months in August and the average days on market are 51 days.   Find Out What Your Neighbors Homes Are Selling For --> CoconutCreekHomeValues Coconut Creek Condos, Villa's and Townhomes for sale --> SearchCondosNow Coconut Creek Single Family homes for sale --> SearchSingleFamily Coconut Creek Vacant Land For sale -->  VacantLandForSale 09/10/2024