Real Estate Market Update - Oct 14 through Oct 20
Between Oct 14th and Oct 20th, 18 new homes went for sale in Walnut Creek, the lowest priced one was $160,000 – a Short Sale consisting of a one bedroom, one bath condo/studio with 748 sq ft; the highest priced one was listed at $1,010,000 – a four bedrooms, three bathrooms detached home with 3,043 sq ft.
In the same period of time, twenty three homes went pending, from $169,950 to $929,888 (two of these were in the market for only THREE days) and twenty homes were sold and recorded in the public records, the lowest priced one sold for $240,000 and the highest priced one sold for $1,175,000 – ONE HUNDRED THOUSAND DOLLARS over asking price.
Find out what's happening in Walnut Creekwith free, real-time updates from Patch.
What does this mean to you?
Buyer or seller, the market is telling us that it is becoming more stable, the number of homes newly listed is just below the number gone pending.
Find out what's happening in Walnut Creekwith free, real-time updates from Patch.
If you are a buyer, you may not have to be so concerned with competing with other buyers to get your offer accepted; as long as you're pre-approved with a reputable lender, you should be able to get the home of your dream at the asking price, depending on the condition of the home.
As I have mentioned before in a previous post, the market has shifted from just a few months ago; we keep getting more inventory of homes for sale and there are fewer buyers, balancing the scale; we are still getting multiple offers, however they are only on the best available properties and best presented ones (think staging) and/or the best priced properties.
Disclosure.
This is my opinion, in no way do I have a crystal ball, and while I would like to think I have an open line with God, He is not whispering real estate advice in my ear.
I want more.
If you are a seller and you’d like to know the present value of your home at this exact time, please contact me for a no-obligation evaluation of your home, both computerized and in person, completely free of charge. Also, if you look at the value of your home on Zillow and you think it is not accurate, contact me and I will be happy to show you in person how to change it.
If you're a buyer, let's make an appointment in my office so that I can show you how I work and the latest meaningful statistics and homes for sale in the neighborhood in which you are interested.
This was originally posted by Rafael Quintero, Realtor®, BRE# 01401705 on The Pulse on Real Estate; ; visit my website at www.RafaelQuintero.com
I am a Realtor® with Better Homes and Gardens Mason-McDuffie Real Estate in Walnut Creek and can be reached at 925.567.3795 and/or via email at Rafael@RafaelQuintero.com
Rafael Quintero, Realtor® and Better Homes & Gardens Mason-McDuffie Real Estate are an Equal Housing Opportunity practitioners.
