Yuba-Sutter Real Estate Activity Report

Last week 44 homes were newly listed for sale in the MLS.  In addition, 17 previously listed homes were placed back on the market, 23 currently listed homes had their asking prices lowered and 1 had a price increase!  To view them simply click the links above (bold, blue & underlined text).

Currently there are 307 homes listed for sale in Yuba and Sutter Counties.  Prices range from $16,900 (a mobile home in Del Prado Park) to $3,900,000 for a condo complex.  Of these 78 are bank owned properties and 68 are short sales.  This means that 52.5% of the homes listed for sale in our area are equity sales!

Forty-one (41) homes were sold last week and fifty-three (53) homes that were in escrow (under contract) closed!  Of these 76, twenty-three were bank owned and another thirteen were short sales.

To view the homes discussed in the stats above and more send your email address, name, and list desired to stats@yubasutterhomesandloans.com.  Be sure to include the date range you are interested in.

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Please note: all visits to our sites are secure AND confidential. We do NOT force registration or track your activity! Some other sources of information you might be interested in:

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Last Week’s Real Estate Activity for the Yuba-Sutter Area

Including homes being placed back on the market, fifty-six (56) homes were added to the MLS in the Yuba-Sutter area last week (view them by clicking HERE).  Prices ranged from $34,000 to $465,000.

 Twenty-seven (27) currently listed homes had their asking price adjusted; 24 of those were lowered.  View them all HERE.

Forty-five (45) homes were sold during this same period!  Prices ranged from $15,000 to $900,000. 

 And twenty-four (24) homes that were under contract closed! 

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Please note: all visits to our sites are secure AND confidential. We do NOT force registration or track your activity!

Some other sources of information you might be interested in: 
Search the MLS
Yuba-Sutter Real Estate Today

We are Down to a 3 Week Inventory!

Real Estate Activity for Yuba-Sutter

Including homes being placed back on the market, sixty-one (81) homes were added to the MLS in the Yuba-Sutter area last week.  Of those, 23 were new listings in Sutter County and Yuba County had 19 new listings.

Of the 322 current listings, 8 homes had their asking price lowered and one had a price increase.Of the 322 current listings 77 are bank owned properties and 88 are short sales.  This means that 49% of the homes listed for sale in our area are equity sales!

Forty-five (45) homes were sold last week and sixty-one (61) homes that were under contract got new owners (closed)!

To view the homes discussed in the stats above send your email address, name, and list desired to stats@yubasutterhomesandloans.com.  Be sure to include the date range you are interested in. Are you looking for bank owned properties? 

Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty call 530 315-2808 today!

Yuba-Sutter Real Estate Activity Report

Last week 45 homes were newly listed for sale in the MLS.  In addition, 20 previously listed homes were placed back on the market, 26 currently listed homes had their asking prices lowered and 1 had a price increase!  To view them simply click the links above (bold, blue & underlined text).

Currently there are 346 homes listed for sale in Yuba and Sutter Counties.  Prices range from $16,900 (a mobile home in Del Prado Park) to $3,900,000 for a condo complex. 

Fifty-nine (59) homes were sold last week and thirty-seven (37) homes that were in escrow (under contract) closed!  

To view the homes discussed in the stats above and more send your email address, name, and list desired to stats@yubasutterhomesandloans.com.  Be sure to include the date range you are interested in.

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.

To see other (or all) homes currently listed for sale in the Yuba-Sutter area follow this LINK.For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.

For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

Please note: all visits to our sites are secure AND confidential. We do NOT force registration or track your activity!

Subscribe to Listings Updates     Free Home Warranty 

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                          Yuba-Sutter Real Estate Today

Buy vs. Rent

No doubt you have heard this debate countless times, especially in the last few years.  That would be because it has never been a more relevant question.  The price of buying verses renting has not just gotten closer, it has now become more economical to buy in most markets.

If you follow this blog regularly you have heard it here many times also.  But you might expect that since we are in the real estate business.  While we do property management also, our primary interests are in helping people buy and sell homes. 

So, yes, we might be a little biased in our opinions so we try very hard not to let those opinions into our reports without clearly stating them as such.  It is important to us that we have your confidence that we report only facts.

Today CNN MONEY published its findings stating the same fact.  In most markets (Honolulu being the biggest exception) buying is more economical than renting.  You can read that article here $.

In our area, with a minimal down, you can purchase a home that will rent for 2 to 3 times your monthly payment!  That is from day one!  No investing in the property for 3-5 years before you see profit; you can have a positive cash flow from the day you put your renter in.

Two major contributing factors to this are the low prices for homes today caused in part by the economic downturn, and the phenomenally low interest rates available.  A third factor is creating this perfect situation.  That is the glut of renters; families that might have been buyers (or were) but have been forced back by the economic situation.

As you might expect all of these factors will vanish.  As they do, so does this great opportunity.  As the foreclosures are sold the inventory reduces, driving prices up.  When the market shows significant signs of life the interest rates will begin to rise back to a sustainable rate.  As the economy improves renters will become buyers once again.  And in a few months those that were forced out of their homes will be able to buy again.

How does this effect you? Do you have questions about YOUR best action? Contact us today for your free, no obligation consultation.

For ALL your real estate related needs and/or questions call ((530 315-2808), send us an * email, or visit us8 on line at EncoreRES.com (Encore Real Estate Services) or any of the links below.

Please note: all visits to our sites are secure AND confidential. We do NOT force registration or track your activity!

Subscribe to Listings Updates       Free Home Warranty

         Home Rescue Group                          Free Home Market Analysis

                     Yuba-Sutter Real Estate Today

Last Week’s Real Estate Activity for the Yuba-Sutter Area

Including homes being placed back on the market, seventy-four (74) homes were added to the MLS in the Yuba-Sutter area last week (view them by clicking HERE).  Prices ranged from $26,500 to $319,500. 

Thirty-six (36) currently listed homes had their asking price adjusted; 33 of those were lowered.  View them all HERE.

Fifty-eight (58) homes were sold during this same period!  Prices ranged from $32,400 to $256,200. 

And forty-two (42) homes that were under contract closed! 

Are you looking for bank owned properties?  Do you have need of stats not shown here?  Call or email us for your own personalized list.To see other (or all) homes currently listed for sale in the Yuba-Sutter area call us today.

For more information on how this relates to you contact us today!  Phone 530 315-2808 or email us HERE.For a FREE Comparative Market Analysis of your home click HERE.

To get your FREE home warranty contact us now!  Or call 530 315-2808 today!

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Yuba-Sutter Real Estate Today

Election Year: Help for the Ecconomy?

It seems that the general consensus is yes.  And that would make sense.  In order to get elected one must at least appear to be in agreement with the populace.  Actually getting things done doesn’t hurt either.

What about the “Shadow Inventory”?  We have discussed this before, and feel that things are on track for recovery.  According to a recent post by Inman News David Crowe ( $ read it here), chief economist for the National Association of Realtors (NAR), up to 3 million displaced home owners are currently renting or living in shared housing (family, friends, etc.) situations.  As the general economy improves these people will again purchase homes, greatly aiding the rate of economic recovery.

Use of the Internet will also speed up the recovery compared to times past.  Never before have we had such an economical means to reach so many people.  And it is done at the speed of light!  This means that there is still time for things to actually happen before the elections.

While there are many opinions as what to do, how to do them, and who should do them, the fact that this is a election year means that things should get done.  This is not the place for a political debate, but our opinion is that all parties, wanting votes, will do something positive.  And that is a good thing!

How does this effect you? Do you have questions about YOUR best action? Contact us today for your free, no obligation consultation.

For ALL your real estate related needs and/or questions call ((530 315-2808), send us an * email, or visit us8 on line at EncoreRES.com (Encore Real Estate Services) or any of the links below.

Please note: all visits to our sites are secure AND confidential. We do NOT force registration or track your activity!

Subscribe to Listings Updates              Free Home Warranty

              Search the MLS               Over the Back Fence

Home Rescue Group            Free Home Market Analysis

                    Yuba-Sutter Real Estate Today

Are the Fed Programs Actually Working?

Recent reports show economic disasters around the world.  The Euro is up, down, uncertain.  Greece is being offered an out that spells disaster either way it goes according to some.  Germany and others have threatened to exclude themselves from the young market.

Asian economies don’t seem to be doing much better.  As other economies have dropped, the need for tech production has plummeted.  That, being the basis of Asia’s new-found rapid wealth building, has had very negative effect on their status.

The rescue attempts at home have come under fire.  But, in all fairness, that is the American way.  And while we don’t think government has any place in business, it is their job (read our job collectively) do help us do what we cannot do for ourselves individually.  Recent reports show that there may be a light at the end of this tunnel.  And while not at hand, it is at least visible.

According to a recent article by Lou Barnes in Inman News ( $ read it here) one of the factors aiding in our recovery is the forced low rate of return on securities.  By holding this rate lower than desired investors are being encouraged to look at slightly riskier investments.  Investments, by nature, carry some risk.  It is their natural order to proportion gain and risk.

A full lesson in economics is beyond the scope of this article, and frankly our complete understanding to the point that we would feel comfortable teaching it.  What we do see is that our recovery does indeed seem to be progressing.  Like any healing, it is a slow process.  It does not happen over night.  But it is happening.

Homes are being sold on the open market.  Foreclosure prospects are being offered alternatives.  Short Sales are becoming more manageable.  As things improve more, interest rates will begin to climb again.  Home prices will likely remain close to their current levels for the foreseeable future.  Jobs are beginning to open back up.  Silicon Valley is actually at higher employment numbers than before the crash in some reports.

How does this effect you? Do you have questions about YOUR best action? Contact us today for your free, no obligation consultation.

For ALL your real estate related needs and/or questions call ((530 315-2808), send us an * email, or visit us8 on line at EncoreRES.com (Encore Real Estate Services) or any of the links below.

Please note: all visits to our sites are secure AND confidential. We do NOT force registration or track your activity!

Subscribe to Listings Updates       Free Home Warranty

       Search the MLS       Over the Back Fence

Home Rescue Group            Free Home Market Analysis

          Yuba-Sutter Real Estate Today