Real Estate Market Trends

Spanish Trail Real Estate Market Report February 2023 brings us the latest real estate market data for Spanish Trail. Spanish Trail is an exclusive guard gated community in West Las Vegas nestled in near Summerlin. With numerous amenities including its own golf course, Spanish Trail has some of the most desirable homes in the Las Vegas real estate community. We see a lot of activity in February for the Spanish Trail real estate market. Houses saw a 4% Decrease during February for the average sales price. Condos were down by 9%. However average list price for houses and condos going in to escrow were up substantially. 03/20/2023

03/20/2023

The Local Real Estate Market is showing signs of warming up, with a small bump in sales, but with lagging new listings.The RMLS (for SW Washington) Snapshot Graphic for this month highlights for us many of the key measures we look at for our local real estate market:(If you would like to pull up last month's graphic as well, please open: Vancouver & Clark County WA Real Estate Snapshot for January 2023 in another tab)Quickly we see that the Average Sales price slipped only $2k; while the Median Sales Price went up $6k. Through the last half of 2022 the price decline was rather steep. So far we don't see the same declining trend in 2023.Pending Sales were down 10, which is not significant as we have a month that is short a few days. However, New Listings fell by 78 and Active Listings fe... 03/20/2023

If we're speculating about a potential housing crash, it's crucial to examine whether anyone has analyzed what happened during the last comparable scenario. The current situation is unique in that home prices (when you factor in inflation and mortgage interest rates) have not been as high as they are now in over forty years.It's Been Forty Years Since Homes Were This Expensive!< 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! 03/20/2023

What’s the Value of my Solana Beach Home? Solana Beach Home Sales for February 2023 Solana Beach is a coastal town located just south of Cardiff by the Sea and Encinitas. It’s one of the more expensive beach communities in North San Diego County. It’s essential for sellers and buyers to understand current local market conditions in Solana Beach in order to make informed decisions about buying or selling Solana Beach Homes for Sale. READ MORE about the Solana Beach Community:Solana Beach Real Estate The following data are taken from the MLS (private sales are not included, nor are multifamily properties or mobile or manufactured homes). The data are believed to be reliable at the time this report was published, but are not guaranteed.  7 homes sold in Solana Beach in February, 5 fewer th... 03/20/2023

The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Novato for $6,500. Thanks to everyone for a great transaction. For any questions about Novato property management or buying or selling investment properties in Novato, call Broker Christopher Barrow at (415) 637-8934! 03/20/2023

Upton Farms is located in the Hickory area of Chesapeake off of Etheridge Manor Boulevard.  There are just over 300 single family homes in this neighborhoods.  Most of the homes were built in the 1990's.  The homes sizes range from 1,712 square feet to 2,864 square feet.  The median size is 2,040 square feet with 4 bedrooms and 2.5 bathrooms.  The children in this neighborhood attend Southeastern Elementary, Hickory Middle and Hickory High.There are currently no homes for sale in Upton Farms.  There is one home pending closing at 625 Valor Court.  This home is 2,138 square feet with 4 bedrooms and 2.5 bathrooms.  The asking price is $479,000 and it was on the market for 14 days.In the past 6 months 3 homes have sold in Upton Farms.  1214 Colonial View is 1,941 square feet with 4 bedroom... 03/20/2023

What’s Ahead for Home Prices in 2023Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.Selma Hepp, Chief Economist at CoreLogic, says:“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent mortgage rate volatility highlights how much uncertainty remains. Nevertheless, the continued shortage of for-sale homes is likely to keep price declines mod... 03/20/2023

Here's Why the Housing Market Isn't Going To Crash      03/20/2023

On March 16, 2023, California Association of Realtors (C.A.R) reported the condo & town-home values higher 6.0% to the price of $615,000 in February of 2023 from price of $580,000 in January of 2023, but lower 3.9% from price of $640,000 in February of 2022 in California. While, condo & town-home sales jumped 23.5% in February of 2023 from January of 2023, but dropped 35.7% from in in February of 2022 in California.There were 2.9 months supplies of available inventory of condo & town-homes in February of 2023, down from 3.5 months in January of 2023, but rose from 1.8 months in February of 2022.An average it took 23.0 days to sell a condo & town-home in February 2023, dropped from 33.0 days in January of 2023, but increased from 8.0 days in February of 2022 in California.For complete mo... 03/20/2023

Multigenerational living, the practice of several generations living together in one household, is becoming increasingly popular in Portsmouth, New Hampshire. This is due to its many benefits, which include cost savings, family bonding, caring for older generations, and helping young adults get started.One of the most significant benefits of multigenerational living is cost savings. Families can pool their resources to pay for housing, utilities, and other living expenses by living together. This can be particularly beneficial for young adults who are just starting and may struggle to make ends meet.Another advantage of multigenerational living is the opportunity for family bonding. By living close to one another, family members have more opportunities to spend time together, share meal... 03/19/2023

What's My La Jolla Home Worth? La Jolla Market Report for February 2023 The La Jolla housing market is one of the more expensive in San Diego County, in general. If you tour La Jolla online (see link below), or visit in person, it’s pretty obvious why this is so. As a La Jolla buyer or seller, having up-to-date local market information about La Jolla homes for sale will help you make educated decisions about buying and/or selling your La Jolla home. La Jolla is a beautiful beach community with many homes offering impressive views of the ocean from the hills or shoreline, along with a trendy, up-scale village offering the best in shopping, dining, and services. La Jolla has been compared to the French and Italian Rivieras with wonderful ocean and coastline vistas, spectacular homes, beau... 03/19/2023

Fort Mill, SC Market Report | MAR 2023  Fort Mill continues to be one of the Charlotte Metro region's busiest real estate markets. Charlotte, being right on the state line of North and South Carolina, borders this popular South Carolina town.  A Fort Mill commute can be shorter to Uptown Charlotte than many areas within the city of Charlotte itself!This pristine South Carolina town offers a variety of home styles, prices, lake and golf course living and excellent schools. Low SC taxes also draw a good number of our Charlotte area relocation clients to Fort Mill.  How’s the Fort Mill residential real estate market doing? Here are the final numbers for February, 2023 sales:   Historical data via interactive graphics follow. Average Sales Price - $1,175,700   Inventory - 1.3 month supply (... 03/19/2023

Queensridge Real Estate Market Report February 2023 covers the latest real estate market data for the community of Queensridge. A lovely guard gated community near Summerlin, Queensridge offers some of the finest real estate in the greater Las Vegas area. Here we examine the real estate market report for Queensridge in February 2023.Queensridge is getting quite busy. and prices for home closing escrow up over 45% from January.  03/19/2023

Maryland Home Sales Continue to Drop Amidst Signs of Improvement in theFebruary 2023 Maryland REALTOR® Housing Stats ANNAPOLIS, MD—March 16, 2023—Maryland home sales dropped 27.9% to 4,268 units in February 2023 against 2022’s figure of 5,923 units, according to the latest Maryland REALTORS® Housing Statistics Report. The average sales price rose 3.7% to $432,529, while the median sales price increased 4.2% to $375,000, continuing the trend of rising prices amidst a shortage of homes on the market. There are some encouraging signs, however. Two months into 2023 has shown an improvement over sales from December 2022. While the number of units sold is down, the decrease is less than December 2022’s decline of 41.9%. Average and median sales prices performed better as well in January and F... 03/19/2023

Latest news on the Tega Cay, SC real estate market in February 2023...What you need to know...What it means for you... Key take-aways about the Tega Cay housing market in February 2023:  Average home prices essentially flat month-over-month and year-over-year; median home prices down. Inventory up very slightly (by two homes) compared with February 2022; down month-over-month. New listings down year-over-year and month-over-month. Days on market up year-over-year and month-over-month. Sold properties up month-over-month; down by two homes year-over-year. At 98.1% list to sale price ratio up slightly month-over-month, down year-over-year.  TEGA CAY HOUSING MARKET HIGHLIGHTS: FEBRUARY 2023HOUSING INVENTORY SLIGHTLY HIGHER YEAR-OVER-YEAR | NEW LISTINGS DOWN YEAR-OVER-YEAR & MONTH-OVER-MONT... 03/19/2023

On March 7, 2023, Realtor.com reported that in Flintridge, California median list price was $2,690,000 in February of 2023 down from $2,500,000 in January of 2023, but rose 22.0% from $2,099,500 in February of 2022. While, median sales price for a home and a condo was $2,200,000 in February of 2023, jumped 30.0% from February of 2022 in Flintridge, California.Houses stayed 78.00 days in the market in February of 2023 higher from 73.00 days in January of 2023, but lower from 98.00 days in February of 2022 in Flintridge, California.The median listing price per square foot of a home and a condo was $921.00 in February of 2023 up from $915.00 in January of 2023, and increased 9.0% from $839.00 in February of 2022 in Flintridge, California.For complete more detailed information about Realtor... 03/19/2023

Historic Community Elizabeth Market Report | Charlotte NC – MAR 2023 About Elizabeth The Elizabeth neighborhood was home to department store magnate William Henry Belk, and the city’s first neighborhood movie theater, The Visulite, a popular night spot in Elizabeth which continues to feature live music nightly. New shops, up-scale restaurants and revitalization along Elizabeth Avenue has created a trendy Charlotte NC hot spot which attracts many visitors to the Elizabeth community. Needless to say, in most markets,homes do not stay on the market long in Elizabeth. Favorite local spots in Elizabeth Charlotte NC – All are just a stone’s throw away from homes in Elizabeth including:Hawthorne’s NY Pizza | 1701 E 7th ST | 704-358-9339 La-Tea-da’s | 3401 Commonwealth AVE | 704-338-6864The Fig... 03/18/2023

Though the housing market is no longer experiencing the frenzy we are experienced a year ago, buyers are showing their interest in purchasing a home. According to U.S. News:Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.That activity can be seen in the latest Showing Time Showing Index, which is a measure of buyers actively touring available homes. There was a  62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can tell, it’s normal for showings to increase early in the year, but the jump this January was larger than usual, and a lot of that has to do with mortgage ra... 03/18/2023

On March 7, 2023, Realtor.com reported that in Baldwin Park, California median list price was $649,444 in February of 2023 down from $659,900 in January of 2023, but same as 0.0% from $648,944 in February of 2022. While, median sales price for a home and a condo was $580,000 in February of 2023, fell 18.0% from February of 2022 in Baldwin Park, California.Houses stayed 124.00 days in the market in February of 2023 rose from 50.00 days in January of 2023, and jumped from 45.00 days in February of 2022 in Baldwin Park, CaliforniaThe median listing price per square foot of a home and a condo was $504.00 in February of 2023 unchanged from $504.00 in January of 2023, but increased 6.0% from $473.00 in February of 2022 in Baldwin Park, California.For complete more detailed information about R... 03/18/2023