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Winter 2012 Market Update
Real estate market buyers resemble stock market buyers in many ways. They both buy when its hot and up and sell when its down and low rather than buy when its slow and low and selling when its hot and up. It proves that emotions dictate more of what we do than our intelligence. In my 29 years in the real estate industry I have seen it happen time and time again. I have heard these words so many times.
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| Average Home Price | $325,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $400,000 - $449,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Pollock Pines and Camino is | No Change |
| Seller Activity for the past 90 days in Pollock Pines and Camino is? | No Change |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | Short sales and bank owned properties are receiving multiple offers when prices are dramatically lowered enough!!!! |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 45-50% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Limited Supply |
| 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 Pollock Pines and Camino! |
| Nearest Metro Area | Sacramento |
| Housing Hot Spots | Possibly El Dorado Hills higher - end homes because some buyers have the ability to purchase without having to sell first. |
| Average Sold Price | $325,000 - View Graph Trend |
Pollock Pines and Camino 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...
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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%
Home Values
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