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Labor Market Improving is BAD news?

Happy Thanksgiving Recovery …

Real Estate Activity Holiday slump?

More to Choose From!

And this Week the Winner is …

Sales Out-Pace New Listings Again!

Is the Market Slowing Down?

Have you heard …

Is it Time to Sell?

It is Time!

Posted on 7. December 2013 by Michael McFarlane

Just released: On a national level the Unemployment Rate has dropped from 7.3% to 7.0%. This is the lowest rate since November of 2008. According to reports, this mirrors the overall economic health increase.

How can this be bad news? If you are looking to purchase a home, you might be looking at an interest rate increase. As the overall economic situation improves, the government’s subsidies to banks and other funds will decrease.

OK, it’s not really bad news, for some. For others it could price them out of their purchase. So, how do you take advantage of this situation?

If you are thinking about buying or selling real estate in the near future, now is the time for the best interest rate.

For a complete copy of the complete article click HERE.

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Posted on 3. December 2013 by Michael McFarlane

We hope everyone had a great Thanksgiving! I know that the Yuba Sutter Home Team did, and we would like to thank all our friends, clients, and families for making that possible. Thank You!

The real estate business slowed a bit last week. At least that would be the first conclusion one might draw looking at last week’s numbers (see the chart below). The work week for many was only 3 days (if any!), so doubling the numbers would give a full week perspective; AND THAT IS HIGHER!

And look at the number sold! That would make 86 homes sold for the week! WOW; a very busy week indeed! Were you one of those involved? Or did someone else get your new home?

For more information call us today at 530 315-2808.

FREE home price evaluation click HERE.

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Posted on 28. November 2013 by Michael McFarlane

In the past October through March has been a time when sales and new listing have generally slowed down. Of course each year brings new challenges and opportunities. The average activity still operates within this cycle.

Week ending	Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
23-Nov	50	18	3	32	58	43

Or it used to! What has happened to change that? A couple of unique situations might be contributors to this.

We have a VERY low inventory
Prices are being kept in check
Interest rates are still VERY low, making the few homes available quite affordable
Uncertainty in the market without the panic

What are your thoughts? We would love to hear from you. You can reply directly to this post (below) or email us directly at: mail@YubaSutterGrapevine.com.

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Posted on 20. November 2013 by Michael McFarlane

Once again the homes being listed for sale outnumber the homes sold. But not by many. We seem to have found an odd balance point. The “norm” is to have an inventory that is 26 times the weekly sales volume. That translates into a 6 month inventory.

Our current inventory is less than 10 weeks. The odd part is that we seem to be maintaining this level. Another unusual trend is that we are not experiencing the dramatic slow-down common for this time of the year. Last year’s experience was similar.

Week ending	Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
16-Nov	52	17	2	31	58	28
9-Nov	51	20	2	31	54	49
2-Nov	34	11	1	31	58	41

Above are the numbers for the entire month of November. Only the numbers for this week are hot links. To see the previous week’s listing go to that week’s respective post (below).

For more details on any of these stats just give us a call at 530 315-2808. Email us here.

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Posted on 12. November 2013 by Michael McFarlane

… New Listings! Yes, we sold 54; a good number. During this same period (last week) we also added 51 new listings and brought 20 back to the market, making a total of 71 more homes to choose from. To see those homes just click the categories’ numbers below.

Week ending	Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
9-Nov	51	20	2	31	54	49

For those of you that might be new to the numbers thing a home coming back onto the market is a home that has been recently listed for sale, then made unavailable for some reason. Those reasons might include:

personal and/or family reasons of the seller
time to do some clean-up and/or repair work
home sold, then fell out of contract
marketing strategies
listing contract by a different agent or office

There are undoubtedly others, but you get the point.

If you are interested in a home returning to the market be sure to ask your Realtor® why it was pulled from the market. This information is readily available to us. An experienced agent can glean some great insights for you from this.

It might be something that would make a significant difference in what you would pay for a home, maybe even whether or not you would buy it. Or any home in that neighborhood!

This is probably the largest financial decision of your life; don’t you want the best information available? If you have a question regarding real estate you can count on the Yuba Sutter Home Team to have (or find) the answer. You deserve it. Call us today at 530 315-2808.

FREE home price evaluation click HERE.

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Posted on 5. November 2013 by Michael McFarlane

Last week our lead question was “Is the Market slowing Down”. As it would appear from the numbers below it is not. This week we sold 58 homes while only adding 45 (34 new listings + the 11 that came back to the market).

Week ending	Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
2-Nov	34	11	1	31	58	41

As an interesting side note during this same week last year we sold 78 homes while listing 54 (including the returning to market homes). While this is a single week’s numbers, we remember it as being the busiest winter in recent times for real estate.

What are your thoughts? Traditionally the holiday season is a slow time for our industry. What has caused this shift in buying habits? Is it a recovering economy? Is it caused by the short inventory? We would love to hear your opinions.

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Posted on 29. October 2013 by Michael McFarlane

This week we listed more homes than we sold; by a significant margin. At a quick glace this appears to have a two-fold cause: we listed more than our recent average and we sold less. Click on any of the numbers below to get a list of homes in that catagory.

Week ending	Newly Listed	Back on Market	Price Increase	Price Lowered	Under Contract	Closed
26-Oct	58	13	6	56	44	46

Is the market slowing down? Of the fifty-eight homes newly listed, four are already in contract, as is one of the Back-on-Market homes. While we have not tracked that stat previously that does not sound like a slow market. We’ll keep watch for you

Why are so many homes dropping in price? We believe that some may have been overzealous in pricing when placing their home for sale. The real tragedy here is that these homes may now sell for less than they could have if they had been properly priced from the beginning. To find the value of your home click HERE.

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Posted on 22. October 2013 by Michael McFarlane

Have you heard that homes are in short supply? Maybe even that this is a seller’s market? Are prices rising? What about interest rates?

Week ending	Newly Listed	Back on Market	Price Increase	Price Reduction	Under Contract	Closed
19-Oct	46	17	6	30	61	22

All these are good questions! Let’s see what we’ve got for answers.

Homes for sale are in short supply: While there is not an abundance of homes to choose from today, we seem to list about the same number we sell.
This is a seller’s market: Yes and no; in the traditional seller’s market prices have a tendency to raise, often rather quickly. For the last couple months local prices seem to have stabilized.
Answered in #2
Interest rates are dropping by an insignificant amount and rate right now. We believe this is an attempt by lenders to keep their pipelines full during the government shutdown.

As I write this post, there are 297 active residential listings for sale right now in Yuba & Sutter Counties. Is your new home among them? Would you like to add your current home to the list?

For more information contact us today: Yuba Sutter Home Team

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See all homes for sale in Yuba-Sutter area.

Posted on 15. October 2013 by Michael McFarlane

Week ending	Newly Listed	Back on Market	Price Increase	Price Reduction	Under Contract	Closed
12-Oct	52	16	4	37	53	47

Are you a numbers person? If so, the chart above is speaking to you. If not, allow me to translate for you.

Once again we have listed more homes than we sold. For buyers that is pretty good news. It means there are more choices. And while one might think that would also mean the prices might drop that does not seem to be the case.

In addition, the competition for properly priced homes remains fierce. These homes are sold within days of being listed. The are selling for MORE than the asking price.

Back to our headline: Is it time to sell? Let’s see:

Home prices are highest of last 5 years
Homes are selling within days of being listed
Interest rates are boound to go up
FHA, USDA & VA have programs creating more buyers.

What do you think? Is it time for you? Call us today for a free Home Market Evaluation. 530 315-2808

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Posted on 20. September 2013 by Michael McFarlane

Below are the sales reports for the last two weeks for Yuba & Sutter counties. Can you see where the numbers are starting to change? Do you think some of the information here might be important to you?

2 Weeks ending	Newly Listed	Back on Market	Price Increase	Price Reduction	Under Contract	Closed
14-Sep	100	25	3	56	99	107

Investors: Instead of your money sitting in someone else’s portfolio earning you virtually nothing how about making 50% PER MONTH! Sound fantastic? This is not some risky gamble, scheme or otherwise dangerous maneuver. It is a simple, nearly guaranteed plan. Call 530 315-2808 to find out how.

Buyers: Interest rates are still fantastic, and home prices are low. For a home priced at $150,000 (pretty nice, no) with nothing down you could have a payment of as low as $760.03 a month! That is a real number, based on: P&I only, 0 down, 30 year fixed loan at 4.5%. If rates rise to only 5.5% that same payment would be $851.68! 6.5%: $948.10! All for the same house! Call 530 315-2808 today!

Renters: See the numbers above. How much are you paying for rent? Call us! NOW!

Sellers: Home prices have come back up quite a bit. We don’t think they will continue to rise now that the construction cost has been met. We do believe the banks are going to continue to increase interest rates. Take a look at the numbers for the buyers. Do you think that increase of 35% in monthly payment might take a few buyers out of the market? What happens to values when there are too few buyers? Call 530 315-2808 today!

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Call with questions: 530 315-2808