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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Auburn and Lake of the Pines. Low rates with low home prices makes a home purchase a great way to attain your Dream Home. Call now for more information at 916-768-7516 or 530-268-8964
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| Average Home Price | $300,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 30-60 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $500,000 - $549,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Auburn and Lake of the Pines is | Increasing |
| Seller Activity for the past 90 days in Auburn and Lake of the Pines is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | yes on low end REO’s |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | yes I use Jill Hinkey with imortgage exclusively. They are direct lenders and I’ve not lost any sales. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | If the home has a good location and is priced correctly the homes sell quickly. |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Auburn and Lake of the Pines! Please bring back the First time Home Buyer TAX Incentives. |
| Nearest Metro Area | Sacramento |
| Housing Hot Spots | Lake of the Pines, Meadow Vista and Christian Valley |
| Average Sold Price | $300,000 - View Graph Trend |
Auburn and Lake of the Pines Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Jon Paley and Jennifer Winter
Jon 916-768-7516 or Jennifer 415-302-1313
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Jon Paley and Jennifer Winter
Green Key Real Estate
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 Jon 916-768-7516 or Jennifer 415-302-1313
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