Wednesday, February 24, 2021 / by Traci Pimentel
Market Update
Weekly San Luis Obispo County Numbers are in, as well as the California Association of Realtors January 2021 Report and First American Title Company's Central Coast January 2021 Recap.
Tight inventory is making 2021 a great year to list a home! It's important to remember that the housing market today is not the same as the housing market during the 'Bubble Years'. Lower mortgage rates and rising incomes correspond with higher house prices, strong demand and low inventory.
Winter months tend to show slowing in the Real Estate industry year over year. Mortgage rates are beginning to inch up, however the FEDs have indicated they don't intend to raise the National rate anytime soon. For buyers, NOW is the time to take advantage of these historical low rates while they last!
Despite possible improvement on the supply side of the market as we approach the Spring Selling Season, upward pressure on prices are continuing to build up. With current inve ...
Read More
real estate, keenan carter group, keller williams, central coast, home buyer, san luis obispo county, selling a home, realtor, real estate agent, real estate market, sellers market, low interest rates, low inventory, housing affordability, real estate market update, housing market update
Wednesday, January 27, 2021 / by Traci Pimentel
Market Update
San Luis Obispo County hasn't seen much change with New Listings hitting the market in comparison to the previous couple weeks. We did see a nearly 13% increase in properties going Pending. With more than 15% less properties sold this past week, the uptick of escrows opened, and no influx of inventory hitting the market, we're still very much in a Seller's Market.
A swell of buyers are looking to enter the market, keeping demand firm amidst the continued historically low interest rates. By the 4th quarter this year, experts are forecasting that refinance volume will decrease, largely because many will have already refinanced due to these low rates.
In 2020, median listing prices grew 13.3%, according to Realtor.com. Experts forecast prices will stay on this upward track.
Even if home prices rise as forecasted, that w ...
Read More
real estate, keenan carter group, keller williams, central coast, home buyer, san luis obispo county, selling a home, realtor, california, low interest rates, real estate market, sellers market, low inventory, real estate market update, housing market update, mortgage rates, cost of housing in california, market update, housing economy, home report, housing update, real estate projections, economy, home sales projections
Monday, December 28, 2020 / by Traci Pimentel
It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.
Many needs have changed in 2020, and it’s okay to admit if your house no longer fits your lifestyle. If you’re now working remotely, facilitating virtual school, trying to exercise at home, or simply just spending more time in your own four walls, you may be bursting at the seams in your current house.
According to the latest Home Price Insights from CoreLogic, prices have appreciated 7.3% year-over-year. At the same time, the National Association of Realtors (NAR) reports that inventory has dropped 22% from one year ago.These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.
This is great news if you own a home and you&rsqu. ...
Read More
real estate, keenan carter group, keller williams, central coast, home buyer, san luis obispo county, selling a home, home ownership, real estate agent, time to sell your home, housing affordability, low inventory, move up buyers, reasons to sell your home, stop renting, outgrow your home, time to upgrade home, homes with more space
Thursday, December 3, 2020 / by Traci Pimentel
Market Update
We've seen greater than a 50% drop in inventory since mid-October.
With so few homes on the market, buyers have been grasping at straws.
Interest rates are still hovering at an all time low. With an upcoming shift in Presidency and so much uncertainty with Covid-19 cases surging, home buyers want to take advantage of the low rates while they last.
REAL TIME MARKET NUMBERS
PISMO BEACH STATS
ARROYO GRANDE STATS
GROVER BEACH STATS
OCEANO STATS
AVILA BEACH STATS
SAN LUIS OBISPO STATS
NIPOMO STATS
ATASCADERO STATS
TEMPLETON STATS
PASO ROBLES STATS
MORRO BAY STATS
CAMBRIA STATS
CAYUCOS STATS
LOS OSOS STATS
Fewer new sellers coming to the market while a greater than usual number of buyers continue to search for a home causes inventory to continue to evaporate. Historically, six m ...
Read More
real estate, keenan carter group, keller williams, central coast, home buyer, san luis obispo county, selling a home, time to sell your home, low interest rates, real estate market, low inventory, real estate market update, housing market update, sellers market, housing economy, selling during the holidlays, housing crisis, housing projections, inventory shortage, real estate projections, sell during an inventory shortage
