Real Estate Market Trends

Market Report - Home Sales and Prices in the South Bay in FebruaryThe real estate market in February 2023 was fairly slow once again, but certainly an improvement from January which was historically slow.   For the cities we track there were just about 40% fewer closed escrows than in February 2022.Sold prices were solid once again although it's now the norm to see the average price of the homes that sold at or below the asking price which is a big change from the past 18 months.     View our South Bay real estate trends and statistics page to see how  home sales and home prices in February 2023 compared to other months. Current vs. Prev Month Current vs. Same Month 1 Yr Ago   Feb. 23 Jan. 23 % Change Feb. 23 Feb. 22 % Change For Sale 360 417 -13.7% 360 235 53.2% Sold 175 140 25% 175 25... 03/08/2023

2 Things NH Seacoast Sellers Need To Know This Spring A lot has changed over the past year, and you might wonder what’s in store for the NH Seacoast spring housing market. If you plan to sell your house this season, here’s what real estate experts say you should remember.1. Houses That Are Priced Right Are Still SellingHouses that are updated and priced at their current market value are still selling. Jeff Tucker, Senior Economist at Zillow, says:“. . . sellers who price and market their home competitively shouldn’t have a problem finding a buyer.”The need to price your NH Seacoast house right is essential today because the market has changed so much over the past year. Danielle Hale, Chief Economist at realtor.com, explains:“With a smaller pool of buyers today and more competition from... 03/08/2023

If everything wasn't expensive enough already, money is set to get more expensive to borrow!The Federal Reserve just REVERSED announcements from last month that said economic inflationary forces were under control and that they wouldn't have to be as aggressive in raising the overnight rate to banks that affects interest rates on loans.Last month's news was exciting to me, homebuyers who need a mortgage and sellers here in the Austin, Texas metropolitan area whose homes are sitting on the market struggling to be sold.  However, this new updated announcement is very disappointing!Take a look at the link to the Reuters article below and the CNBC video footage of the announcement by The Fed Chair Jerome Powell.Bottom-line, if you are in the market to buy a home you might want to lock in a ... 03/09/2023

#investors, #realestateinvestorts, #singlefamilyhomes,#millenials 03/07/2023

Las Vegas Real Estate Market Report February 2023 brings the latest facts and figures for the Las Vegas real estate market. While prices only appear down slightly, the truth is that they started strong in the first week and then dropped by 5% by the month's end. Overall, trends show that to get a home sold, you need to price it right on the first day.In this report, we examine the Las Vegas region as a whole, including Las Vegas, Henderson, North Las Vegas, as well as regions such as Summerlin, Green Valley, Mountains Edge and Southern Highlands. 03/07/2023

For many years we have tracked Bend real estate trends and have consistently watched home prices rise year over year.  Since coming out of the housing recession in 2011, Bend median home prices have risen over 465% from a low of $165,210 in December, 2010 to a high of $775,000 in March of 2022. When the Covid-19 pandemic hit, the rate of Bend home price increase accelerated to over 75% in three years.  This rate of increase was unsustainable and since reaching their high last summer, Bend home prices have fallen. February 2023 was the first month which saw a year over year price reduction in Bend homes.  When  February 2023 Bend single family home sales on less than an acre are compared with those from February 2022, the following changes can be seen: Average sales price down 7% to $82... 03/07/2023

Waterbury CT March 2023 Housing Market for Zip Code 06708The 06708 Zip code encompasses the west side of Waterbury with 4 neighborhoods known as Brooklyn, Town Plot, Lower and Upper Bunker Hill. It is also the largest zip code in Waterbury. There are currently 17 active listings in the 06708 zip code with the average value of the homes for sale in Waterbury's 06708 zip code available for sale is $376,059 with average days in market of 40. There are also currently 17 under pending/show status and 21 under hard deposit status. Through 2 months of this year, there have been 39 closed sales in this zip code with the average value of homes sold at $248,469 with average days on market of 47 days. Through the same period of 2022 there were 42 closed listings in the 06708 zip code of Waterbury ... 03/07/2023

The statistics are out for the Spokane Association of Realtors for Feb. 2023, reflecting year over year. Feb 2023 vs. Feb 2022.Prices are down considerably from the peak of the market last May 2022  when the median home price was 450K, now it is 375K. The increase in interest rates, coupled with this marked drop in prices makes a more even playing field for sellers and buyers, and the results are less total number of transactions, while consumers are navigating these changes. Spokane has seen this drastic decline in prices because our home prices escalated so much in the 3 years prior, due to large numbers of people relocating here, and Covid conditions (virtual buyers). There is still a marked lack of inventory, and people often still have the need or desire to buy and sell, regardless... 03/07/2023

Residential January sales in West Maui increased to 10 homes sold (December had 7 sales). The Two-year monthly average is 15 sales.The Residential median price increased to $1,800,000 (December was $1,285,000).The Median Days on Market to sell a home was 74 days (up from December’s 56 DOM).Full Article Here: West Maui January 2023 Statistics 03/07/2023

Every month, we do a recap video of the Flagstaff real estate market.  Here are the statistics for the Flagstaff real estate market for the month of February 2023: Some items to note:Our median price point year over year is up almost 19%. If you remember, early 2022 was when the market was still red hot and buyers were being outbid by crazy amounts. The record I had in early 2022 was a buyer who got beat out from a home that was listed at $525,000.  My buyer came in 3rd place with a bid that $118,000 over asking price. Yikes.Here we are in early 2023, and you have to remember that these median sales price statistics are on the closed prices, not list prices.What has changed is the list to sold price ratio.  In February 2022, list-to-sold ratio was at 101%. One year later, that ratio has... 03/07/2023

You've finally located your perfect home on beautiful Hilton Head Island, South Carolina. You've negotiated the price, approved your financing, and are ready to start making relocation plans. But we're still in the midst of the negotiation process. There are still additional expenses beyond the sale price in the closing documents. These additional expenses are known as "closing costs."Keep reading to know closing costs and how to keep them to a minimum.What Are Closing Costs?The term "closing costs" refers to the total of the up-front payments purchasers must make to various third parties, such as real estate brokers, creditors, appraisers, insurance firms, and tax authorities. Lenders typically cover these expenses in their closing costs and loan estimates.Both parties pay the closing ... 03/13/2023

Lakeshore at Ashburn Village Market Update February 2023 The second half of 2022 was quite slow at Lakeshore.  Three condos were listed with one expiring and two selling.In comparison, this year is starting out great with four homes coming on the market. One was listed and closed in February, 2 went under contract in February and one is still activeHow are the prices?  With very little on the market in general but specifically at Lakeshore, they are still very strong.  The one home that sold was a 2 bedroom,  2 bath, top floor unit that was listed for $350,000 that sold for $362,000.  The two condos that are under contract went in 3 and 4 days so I think they will sell for close to list price if not more.  I'll let you know next month!Interested in buying or selling a home at Lakeshore?... 03/07/2023

This report covers the residential land market in Kalispell Montana as of the end of February 2023. Similar to last month, sales continue to remain low and available inventory has declined slightly. The residential land market in Kalispell has slowed from the robustness of the last few years. Additionally, unlike the residential home market which is still a slight sellers market, Kalispell land is currently experiencing a buyers market.  INVENTORYAs of early March 2023, there were 153 residential land parcels for sale in Kalispell which is slightly less than February's inventory of 161. This is the fourth drop in monthly inventory in a row but inventory remains much higher than last year at the same time.Five or more acresOf the land currently for sale only 26% of the listings include f... 03/08/2023

 There's growing chatter of more homes coming on the market as buyer activity increases. We are certainly heading into the spring market! Realtor Melanie Cameron talks about this and shares 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. Not sure if you're ready to buy or sell right now? We are happy to answer your questions about the current market, the process, and any challenges you feel you may be facing. Make a sound decision with no pressure! 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 informative Friday F.A.Q. series. We look forward to helping you with all your real estate needs! 03/07/2023

Following is an overview of the Kalispell Montana real estate results for the residential market as of February 2023. This report covers the entire residential market, including single family homes, townhouses, condominiums and manufactured homes.  While the Kalispell residential market remains on the cusp of a balanced market, in February sales, homes under contract and median prices increased while inventory decreased slightly. Time will determine whether we are headed back to a stronger seller's market.  Sales VolumeIn the month of February 2023, there were 46 residential sales in Kalispell which is 8% less than the same time last year and 35% more than last month. We won't know until next month, but the increase in sales could signal an early Spring season and/or could be caused by ... 03/07/2023

The lack of new single-family and multi-family property permits (and construction) has worsened the current housing crisis. Examining building permits, we uncover the data highlighting the significant underdevelopment in the housing market. Rather than fear a housing bubble that might or might not be forming, instead focus on the facts readily available today.Just How Bad Is It?< Please remember to "like" the post and the video on YouTube too! Thank you. 🏡  Link to all homes for sale in Tallahassee📺 Subscribe To The Joe Manausa Real Estate Channel and Get More Housing Market Reports, Listings, and Real Estate Marketing Tips, and answers to your frequently asked questions.📘 Get the DIGITAL MARKETING BOOK written by an active Realtor, for all Realtors! 03/07/2023

 LATEST NEWS ON CHARLOTTE'S BALLANTYNE HOUSING MARKET...WHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... The Ballantyne area housing market continued to cool in the month of February with lower closed and pending sales, higher days on market, lower list to sale price ratio year-over-year, and more inventory. Home prices declined year-over-year and month-over-month. New listings increased from January,  but continue to decline year-over-year.  BALLANTYNE AREA HOUSING MARKET HIGHLIGHTSFEBRUARY 2023 BALLANTYNE HOME SALE PRICES DECLINE MONTH-OVER-MONTH & YEAR-OVER-YEARMedian sale price in February 2023 was $404,500, down 18.3% from $493,500 in January 2023 and down 17.49% from $490,263 in February 2022. Average sale price in February 2023 was $479,782, down 5.33% from $506,808 in January 20... 03/07/2023

What’s the Value of My Carlsbad Home? Carlsbad Market Report for February 2023 The Carlsbad real estate market continues to evolve, with changes from January and 1 year ago. Private sales, mobile homes and multi-family housing are not included (the numbers are taken from the MLS and believed to be accurate when reported but are not guaranteed). Media reports speak in general terms, thus they do not reflect local Carlsbad housing market conditions (learn more - How Local IS Local?). Current information, and analysis, about local market conditions benefits you when you need to make buying and/or selling decisions about Carlsbad homes for sale. READ MORE ABOUT CARLSBADCarlsbad Village by the Sea 52 homes sold in Carlsbad in February (92008, 92009, 92010 and 92011), down 16% from January. H... 03/06/2023

03/06/2023

With this being such a tumultuous time in the Vancouver Washington (and national) real estate / home sales market, I know we have readers that would like to have a good idea how February 2023 turned out. For most months the data "firms up" about 10 to 14 days into the month (for various reasons) thus, we'll call this report a "sneak peek. "The first chart we have is for the 3-month rolling average for Pending Sales, going back to 2018:With February being short by 2 to 3 days, in most years we see this month as a low spot in the year. However, currently with such a strong shock to the market still being digested, we actually see a move upwards by two units. That said, we are still down 35% year to date (ytd) (-198 units) compared to 2022 ytd.Here are the 3 data points that make up Februa... 03/07/2023