As a way to help overcome these higher interest rates we are seeing a new trend happening... Watch the video to hear more!
Our blog serves as a comprehensive resource offering insights into market statistics, home values, and practical advice for buying and selling properties. We also include local information to keep you informed about the community we care deeply about. If you have any questions, feel free to contact us. We’re eager to assist you in finding your perfect home!
As a way to help overcome these higher interest rates we are seeing a new trend happening... Watch the video to hear more!
It's the second week of October and I wanted to answer a question that I received three different times the past weekend.
Phew! After 10 days in a row being over 100 degrees, I have never been so ready for it to be Fall! I know many are excited for all the pumpkin flavored items coming out, but I’m looking forward to some cooler weather!
I know a lot of people have been concerned about our changing Real Estate market and what it means to them, but overall our home values are remaining strong and continuing to grow. Yes, it’s true that our market has gone away from the crazy seller’s market that it was, but this pre-Covid “normalized” market is more stable in the long run.
Home appreciation is up 11.5% (in total for 2022) for San Luis Obispo County and projected to continue in an upward trend for the rest of the year! So, whether you’re buying, selling or remaining in your home, the Central Coast is still a solid investment!
This is a video with all the statistics for Atascadero, Paso Robles and Templeton for the month of August 2022. If you would like to see information on other Central Coast cities, please let us know.
One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this firsthand and may have been outbid on several homes along the way.
But here’s the news you’ve been waiting for: data shows clear signs bidding wars are easing this year.
According to the National Association of Realtors (NAR), the average number of offers on recently sold homes has declined considerably over the past few months (see graph below):
The graph shows homes were seeing a high of around five offers earlier this year. But the latest data shows that average was down to just shy of three offers per recently sold home. This shift is happening largely because rising mortgage rates moderated buyer demand and slowed home sales, resulting in a growing supply of homes on the market. Essentially, more choices for buyers.
If you put your home search on pause because you were outbid last year or because you didn’t want to deal with the peak intensity of bidding wars, you can breathe a welcome sigh of relief. While it’s still a sellers’ market, an uptick in inventory gives you a window of opportunity to jump back in. You may still be competing with some buyers, but it likely won’t be anything like it was just a few short months ago.
If you put your plans on pause because of intense bidding wars in recent years, it may be time to kick off your home search. Today, bidding wars are easing and that may mean less competition for you as a buyer. If you’re serious about buying a home or making a move, let’s connect to get started today.
Don’t miss a great opportunity!
These are the five things I would do as a Realtor if I were buying a home.
These are five things I would do as a realtor if I were to sell my own home.
Happy first day of school Central Coast! I hope everyone has a wonderful school year!
It’s August and for some of us, school starts soon! Where did the summer go? We continue to see a more balanced, pre-COVID Real Estate Market here on the Central Coast. Sellers are still enjoying high property values but buyers are now able to be more patient. The franticness we experienced the last 2 years has started to dissipate and we’re entering into a more conventional type of market. Here are some statistics for Atascadero, Paso Robles and Templeton for the month of July 2022 -- click above. If you would like to see information on other Central Coast cities, please let us know.
It is important to present your home in the best light. That means working with cleaning professionals to take care of the cleaning details so when your home hits the market, potential buyers see your property shine! Click on the photo to watch the video.
