|
Winter 2012 Market Update
NOW is an exceptional time to buy a home in Marina. Extremely low rates with competitive home prices makes a home purchase a great value! Ask about our special offers!
|
|
| Average Home Price | $300,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 10-15% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $300,000 - $349,000 |
| Worst Selling Price Range | $600,000 - $649,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Marina is | Decreasing |
| Seller Activity for the past 90 days in Marina is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Well maintained homes in the �Buyers Hot Pricing� range are receiving multiple offers, foreclosure homes that are priced below market value are receiving multiple offers. Homes with deferred maintenance or priced above market value are not receiving multiple offers. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Conventional, FHA, 203(k) loans (rehab loans), VA, USDA and creative financing are available. |
| Housing Inventory | Limited Supply |
| Inventory Comments | 70% of active single family homes on the market are short sales or REO (bank owned) foreclosures. There are only four (4) cycles to real estate with two (2) buyer markets and two (2) seller markets. Contact Janeen Reavis at janeenreavis@gmail.com for assistance in learning how to make money in real estate regardless of which cycle you are experiencing. Marina is a great place to live and own real estate. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Lower prices than Monterey with a good selection of homes and competitive interest rates creates a perfect time to buy in Marina! Strong rental markets make Marina an attractive investor market. Sellers need should contact Janeen Reavis for specific market advice on how to sell their home for top dollar in today�s market. Marina provides easy access to the greater Monterey Bay area with convenience to all the amenities, such as beach, golf, shopping, spas, hang gliding, kayaking, fishing, parks, camping and local events ranging from races at Laguna Seca to the USA Open & other Golf tours. Lots of great wine tasting, restaurants, theaters, and beautiful weather along with great Colleges and Universities for higher education. |
| Nearest Metro Area | Monterey |
| Housing Hot Spots | Most coastal cities within the greater Monterey Bay area are considered �Housing Hotspots�...The City of Marina boasts several desirable areas such as Monterey Bay Estates, Upper Carmel, Armstrong Ranch, Locke Padden and more... |
| Average Sold Price | $300,000 - View Graph Trend |
Marina Local News
Housing News for Marina, CA - September 30th, 2011 4:08pm
Currently two-thirds of our single family homes are short sales & bank owned homes, with the majority of those being short sales. Inventory and closed sales have decreased by one-third over last quarter although single family home prices are up by 9%, condo activity is about the same, but they have had a decrease in prices. Overall homeowners are receiving almost 98% of their asking price. Interest rates are extremely low, although you need to jump through more hoops to get financing, it is available. HOMEOWNERS - LEARN HOW TO PROTECT YOUR EQUITY IN A DOWN MARKET!! If you find yourself in the position to SHORT SALE your home, PLEASE CALL JANEEN REAVIS, A QUALIFIED EXPERT @ 831-204-3440 to get the job done! Educate yourself and hire a PROFESSIONAL Real Estate Agent to represent your next home purchase or home sale. Janeen Reavis is a local expert who offers FREE CONFIDENTIAL CONSULTATIONS - Call her today 831-204-3440 or email her with "Confidential Consultation" in the subject line of your email to: janeenreavis@gmail.com
News for Marina, CA - September 21st, 2010 2:05pm
Currently two-thirds of our single family homes are short sales & bank owned homes, with the majority of those being short sales. Inventory and closed sales have decreased by one-third over last quarter although single family home prices are up by 9%, condo activity is about the same, but they have had a decrease in prices. Interest rates are extremely low, although you need to jump through more hoops to get financing, it is available. HOMEOWNERS - LEARN HOW TO PROTECT YOUR EQUITY IN A DOWN MARKET!! If you find yourself in the position to SHORT SALE your home, PLEASE CALL JANEEN REAVIS, A QUALIFIED EXPERT @ 831-204-3440 to get the job done! Educate yourself and hire a PROFESSIONAL Real Estate Agent to represent your next home purchase or home sale. Janeen Reavis is a local expert who offers FREE CONFIDENTIAL CONSULTATIONS - Call her today 831-204-3440 or email her with "Confidential Consultation" in the subject line of your email to: janeenreavis@gmail.com
Contact Information
Janeen Reavis
831-204-3440
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– Feb 11th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
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...
| |
Request More Information Let me answer your questions! Ask Me!
Janeen Reavis
Bonafide Properties
|
 831-204-3440
|
| Receive New Listings by Email | Get Free Monthly Newsletter | Find Marina Homes for Sale | Search Marina Real Estate |
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
California Homes for Sale |
California Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
| Agents Join
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2012 HouseHunt Inc - All Rights Reserved