No doubt, 2012 will stand out as one of the most affordable years to purchase a home in history. Prices hit bottom and mortgage rates were at historic lows.
That combination along with increased buyer confidence in the market motivated more families to purchase. Recently, many of those families have met with disappointment due to low housing inventory and incredible competition for the more desirable properties they seek.
As the numbers below indicate, inventory is indeed low, and that combined with increased demand and competition, is driving up prices. The good news for buyers is, the increase in prices may coax more sellers into the market to provide additional inventory for the eager buyers. The question is, will any increase in inventory be enough to satisfy the demand and decrease the incredible competition for homes happening right now.
As a buyer looking to purchase in the East Bay,there are several things you can do to increase your competitive edge when purchasing a home here.
The best, first thing, you can do is simply contact one of the Realtors featured in this magazine. They are the leading professionals in this market and know exactly what to do in order to make your offer as attractive to a seller as possible.
If you’re thinking about selling your home, the professionals featured in HomeFolio are among the top listing agents in the bay area, and in many cases,the country. They have the expertise and experience to help you manage the offers and negotiate the best deal for you.
Call a HomeFolio professional today and get their advice.
LAFAYETTE – 94549
For the 30 days prior to 8/8/13, there were 120 total homes listed in 94549 that were not withdrawn or cancelled.
• 54 are currently active
• 36 properties were pending
• 30 properties were sold
• The average sales price was $1,233,476
• the median sales price was $1,117,500
• the average DOM (Days on Market) for
active listings is 57, for pending listings is
30, and for sold listings is 23
ORINDA – 94563
For the 30 days prior to 8/8/13, there were 119 total homes listed in 94563 that were not withdrawn or cancelled.
• 46 are currently active
• 38 properties were pending
• 35 properties were sold
• The average sales price was $1,132,731
• the median sales price was $1,013,593
• the average DOM (Days on Market) for
active listings is 59, for pending listings is
28, and for sold listings is 22
MORAGA – 94556
For the 30 days prior to 8/8/13, there were 55 total homes listed in 94556 that were not withdrawn or cancelled.
• 16 are currently active
• 22 properties were pending
• 17 properties were sold
• The average sales price was $1,212,147
• the median sales price was $1,250,000
• the average DOM (Days on Market) for
active listings is 32, for pending listings is
18, and for sold listings is 22
*by zip code for single-family-homes only (does not include condos or townhouses)*
HomeFolio Media is a cross-channel communications firm, which provides marketing, advertising and public relations services for top-producing real estate professionals and affiliate businesses who want to target local home owners, buyers and sellers.
We combine the power of a high-quality magazine with proven direct mail strategies, and a content-rich online platform, consciously designed using the latest search engine optimization best practices.
Our goal is to increase our clients’ visibility, enhance their image with prospects, and ultimately, make a positive contribution to their bottom line.
- JouJou Chawla: Blackhawk’s Best Realtor - February 22, 2016
- Khrista Jarvis: The San Ramon Valley’s Top Agent - February 19, 2016
- Nadr Essabhoy: Where Knowledge Counts - February 10, 2016
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