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Winter 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
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Jon Paley Agent and Kricia Ames Team Coordinator
Jon 916-768-7516 or Kricia 530-741-3483
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 15th, 2012 –
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30 yr. fixed rate: 3.87%---------------------------------
15 yr. fixed rate: 3.18%
30 yr. jumbo rate: 4.69%
15 yr. jumbo rate: 4.00%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Jon Paley Agent and Kricia Ames Team Coordinator
Green Key Real Estate
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 Jon 916-768-7516 or Kricia 530-741-3483
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