"So What's the Market Like?"

There is always curiosity about how the real estate market is doing. Even if people aren't moving, I am often asked to comment on current market conditions. Recently at an open house, I was placing signs and a couple walked by and asked, "Does anything sell this time of year?" 

It seems like the market has been rapidly evolving over the last 10 years - from prices in free fall creating a massive short sale market, which then led to a massive REO market, to flip investors buying homes for cash to our current market. Right now is actually an interesting time in the market. Recently a National Association of Realtors spokesperson was quoted as saying the 'the market is stuck in slow gear.' However, I see huge opportunities where both buyers and sellers actually have a shared balance of power in the transaction, something that's been missing for a long time. 

When prices rose in the early part of 2014, many sellers mistakenly thought that meant the market was back on an upward trend. Then interest rates rose slightly which stalled the market. Many active listings continue to come onto the market too high. Which leads to price reductions and higher days on the market. HOWEVER, if the home is priced at the higher end of the sold comps, which is BELOW the active comps...SOLD!

With pinpoint pricing and strong marketing, homes are still getting top dollar for today's market. Buyers still have great, low interest programs. It's a relatively good market for both.

Below is the latest active, pending and sold information for Placer County. As always, please feel free to contact me for a market analysis of your home or the latest list of available homes.