Wednesday, January 27, 2021 / by Monique 'Moey' Nichols
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 ...
Wednesday, September 30, 2020 / by Monique 'Moey' Nichols
This past week, San Luis Obispo County saw a slight uptick in both closed transactions & new listings.
Pending & Active Under Contract Properties are practically equal to last week’s opened escrows.
Mortgage rates fluctuated a few times just today, however continue to remain around 2.75%.
In comparison to end of summer/beginning fall last year - we’re at half the available inventory.
Access the value of YOUR home with relevant neighborhood comparisons: https://www.allcentralcoastcahomes.com/homevalue/default
The Keenan Carter Group DRE# 00860187
Keller Williams Realty Central Coast DRE# 02005015
Each Office is Independently Owned and Operated. ...
Wednesday, July 29, 2020 / by Monique 'Moey' Nichols
Mid Year Market Update
2020 has most certainly been one for the books!
Covid-19, Protests, Riots, Kobe Bryant, No Olympics, Distance Learning,
Social Distancing, Murder Hornets, Locusts, SpaceX, Australia Burning,
Royals Leaving Royalty, Zoom, and let's not forget, Tiger King.
We've made it past the half-way marker!
Although this year has brought many challenges, these defining moments
have been shaping our economy in a very surprising way.
With many businesses forced to shut down, unemployment rates
sky-rocketed in the initial phase of sheltering at home.
Many were worried they wouldn't be able to pay their mortgages
and would need to rely on a forbearance program.
We have made a surprising rebound, and the Real Estate industry
is leading the pack! For the first time since March of this year,
Home Sales have actually surpassed pre-Covid numbers week over week since May. Here's a look at the past weeks numbers for San Luis Obispo County, informational stats from CAR's J ...
Thursday, March 5, 2020 / by Monique 'Moey' Nichols
Ever wonder what a home inspector is doing in the 2+ hours while they're at the property you're selling or purchasing? Curious to know the top 6 things they look at for their report? All these areas can affect the negotiation of a sales contract. It's important to be informed so you can prepare for possible repairs and unforeseen expenses.
Wednesday, February 26, 2020 / by Monique 'Moey' Nichols
You definitely want to use a home inspector in the area you are buying or selling property. They will be most informed of county retrofit requirements and other local ordinances that may effect what needs to be fixed or replaced in a home or property.