Monday, February 24, 2014

Seasonal Slump?

MUST READ: All-Cash Buyers Scoop Up Bay Area Real Estate
Here’s some quantifiable proof of how the Bay Area housing market is squeezing out the little guy: The percentage of homes going to all-cash buyers soared from 14 percent to 27 percent over the course of last year. The national numbers are even more dramatic. All-cash buyers were snapping up 18 percent of American homes at the end of 2012; by the end of 2013 they were … (To read this article please visit my Facebook Fan Page
https://www.facebook.com/NathanRealEstate)

MUST READ: Bay Area Home Sales Hit Seasonal Dip
A seasonal slowdown made worse by a short supply of houses on the market had the Bay Area stuck at its lowest January for home sales in six years, according to a report Thursday. The housing market tends to stall during the holiday and… (To read this article please visit my Facebook Fan Page
https://www.facebook.com/NathanRealEstate)

RECENT EXPERIENCES:


  • Wrote a number of offers for properties and was beaten out by multiple offers at 20% over asking price.
  • Helped a buyer get pre-approved with some tricky financing requirements.
  • Had a great conversation with a CPA about gifting money to family and the tax consequences.


THINGS I CAN HELP WITH:
Looking for a home in a specific school district? My
website can do that for you.
Looking for a home with an “open floorplan” or “big backyard”? My
website can do that too. Email me for these CUSTOM services.

Selling before buying can be really tricky in a market like this, but you do have options. Let me help by first
filling out this form so I can get started on pricing your current home, and then we can discuss options to prevent a double move, or worse, not being able to buy the replacement!

FORECAST: With seller competition at a six year low, listing your unique/hard to sell property now can be very advantageous. Contact me and we can discuss your specific situation.

RECAP: Santa Clara County (Notice the new Multiple County format)
Inventory came to the market, but it was not enough to satisfy demand. Santa Clara County sellers have an upper hand in this market. 

RECAP: San Mateo County
More listings came on in San Mateo County than Santa Clara, as a comparison to the number sold. I suspect it is going to be a temporary thing, but it could be a sign if the trend continues for more than a few months. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.


SNAPSHOT:



The table represents aggregated values based on MLS data for the specified date.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources (yahoo.com) on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

Applying Cutting Edge Systems and Strategies to Find the RIGHT Buyer or Seller in ANY Market.

Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322
Direct: (415) 236-3826
nathan@nathanproperties.com
www.nathanproperties.com