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Health & Fitness

Mary Ann Cadorna's Weekly Real Estate Market Watch Walnut Creek

This is to provide a weekly update on the current market trends. It offers insight to how many properties are distressed. Plus the 1,2,3 year Altos Market Trends.

According to Zillow.com 31.4% of American Homeowners are still underwater. This means Short Sales, or Short On Sales as they are aptly named in the industry, are still the daily special on the home buying and selling menu.

Prices have ticked upwards, with investors and first time homebuyers continuing to overbidd. Properties are closing well above the asking prices, from 15-40+ mulitple offers in some cases. With that, we are still waitng for all the pent up inventory. Good news we hear it's there, bad news is we don't know when and how they will be released. Also, the Mortage Debt Forgiveness ACT SB 401, has been extended, this means you are forgiven until 12/31/2013 on a short sale, and interest rates are still at historic lows. Great opportunities abound, as we buy and sell to rebound!

The current market trend is for the week of March 14, 2013, keep an eye out for for next weeks update.

Find out what's happening in Walnut Creekwith free, real-time updates from Patch.

Currently there are:
  • 131 - Total Number of Properties Currently For Sale in Walnut Creek
  • 13 Properties are distressed sales (2 - REO, 11 - Short Sale). This represents 10% of total properties for sale
Market activity during the last 7 days (single family homes):
  • 10 - Newly Listed Homes for Sale (last week)
  • 4 - Price Changes of Previously Listed Homes (last week)
  • 7 - Sold Homes (last week)
Information provided by www.TopBayAgents.com, you can find me there and sign up for their free (no obligation) Weekly Market Watch Report. Added bonus are the 1,2,3 year Altos Trends Reports. 

Thank you,

Mary Ann Cadorna 

Find out what's happening in Walnut Creekwith free, real-time updates from Patch.

925-286-1888 Direct

888-572-1888 Toll free

http://www.MaryAnn.AM                                         

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