There's a lot of handwringing at the moment. What's going to happen with the Real Estate market? Are we headed for a crash? Many of the metrics that we traditionally have used are now completely out of whack. When the pandemic shut everything down last March, it also shut down the real estate market. Therefore, … Continue reading
Don’t Expect Another Wave of Foreclosures
Many potential buyers that I speak with often tell me that they are waiting for another wave of foreclosures after the moratorium lifts. According to leading economists at Keeping Current Matters, don't expect a glut of distressed properties on the market this year (or the beginning of next year if the eviction moratorium proposed by … Continue reading
April 2021 Market Update
Every month I feel like I say the same thing. Mortgage rates are still near historic lows, there isn't enough inventory, there are a lot of buyers, housing prices continue to rise significantly. Still in a seller's market... In fact, the median home price in American Canyon rose by 23% and the number of homes … Continue reading
Are We in a Housing Bubble?
As a real estate professional, it's important that I stay on top of current trends. Keeping Current Matters (KCM) is one of those companies that I follow very closely. Understandably, both buyers and sellers are interested in whether or not we are in a housing bubble. KCM digs deep on a continual basis, looking into … Continue reading
March Market Update
New homes for sale started to bounce back in February. The name of the game for American Canyon and the surrounding areas continues to be a severe shortage of inventory. There are only 5 active homes on the market in AC this morning, only 55 in Vallejo, 47 in Fairfield, 9 in Benicia, and 9 … Continue reading
Lies. Damn Lies. And Statistics.
Former British Prime Minister, Benjamin Disraeli once quipped that "there are three kinds of lies: lies, damn lies, and statistics." January's numbers for American Canyon bare this out beautifully. Median and average sales prices both dropped dramatically from January, 2020. Median days on market more than doubled from the month before. Sales price was only … Continue reading
Should I Renovate My House Before I Sell It? [INFOGRAPHIC]
Just because there is low inventory doesn't mean that some elbow grease isn't necessary. Zillow & Realtor.com are rife with homes that have languished because the seller hasn't done what is necessary to get the home sold...or their agent hasn't told them what to do. To get top dollar for your home, you want to … Continue reading
September 2020 Market Update
The American Canyon Real Estate Market is Bananas!! That's a technical term that I've picked up in my 10-plus years in real estate...As of Wednesday morning, there were only 13 active homes for sale with the median list price at $655,000 and the median days on market at 14 days. At the end of August, … Continue reading
Ok, I’ve Signed…when do I get my keys?!
It's always great to enter your new home for the first time! I frequently get asked, "When do I get my keys?" After the buyer has gone through all of the rigamarole of inspections, removing contingencies, getting all of the last minute paperwork into the bank so that the underwriter will sign off on the … Continue reading
Hooray! I’m in contract! …what now?
After the initial excitement of the hard fought process of getting into contract wears off, the natural reaction is: what happens next? The glib answer is: wire your earnest money, perform inspections, get your loan approved, close. Although accurate, it misses all of the emotion and anxiety of the moment. Your real estate professional should … Continue reading
