This week is called the ‘Black Friday’ of housing

 

Interesting article from Fox Business based on a study by Realtor.com. I don’t always believe all the articles that come out, but this one is true in our local market. Now is a good time of year for buyers to take advantage of purchasing a home. Take a look at the article, it really does make sense and with the low mortgage rates still being around, now is a better time than ever to buy:

This week is called the ‘Black Friday’ of housing

By Ann Schmidt Published September 25, 2019 Real Estate FOX Business

 If you’re looking to buy a home, now is the time, according to one report.

The week of Sept. 22, is the best week to buy a home in 41 of 53 markets in the U.S., Realtor.com said in a prepared statement.

This week, compared to the average week during the year, potential homebuyers see less competition by about 26 percent, with about 6.1% more homes on the market, according to Realtor.com.

After analyzing data from 2016 to 2018, Realtor.com found that there also tends to be a 2.4 percent price reduction on about 6% of homes on the market, which makes this the “Black Friday” for homebuyers, according to the report.

“As summer winds down and kids return to school, many families hit pause on their home search and wait until the next season to start again,” Realtor.com Senior Economist George Ratiu said in a prepared statement. “With dramatically less competition, persistent buyers will feel the scales tip in their favor as eager sellers begin to cut their prices in an effort to entice a sale.”

“As seasonal inventory builds up and restores itself to more buyer-friendly levels, fall buyers will be in a better position to take advantage of today’s low mortgage rates and increased purchasing power,” Ratiu said.

Realtor.com found that regionally, homebuyers in the West have some of the best circumstances, with a 29.6 percent decrease in competition, a 4.2 percent price reduction on homes compared to their peak weeks and about 8.6 percent of homes seeing a price reduction.

If you have been thinking about purchasing your first home, buying a larger home or down-sizing, please contact me and I can explain the process and show you how it can be done. Call me direct at 916 408-2222.

 

Immaculate Country Property For Sale! 6957 S. Forbes, Lincoln, CA

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This beautiful home is located on just under 20 acres and is one of the cleanest and well-maintained country properties you’ll ever find! Recently remodeled with many nice appointments, this 3bed/2bath home has an open floor plan and comes in at 2224 sf.  The inviting living room has a wood burning stove that has been installed with energy savings in mind. The bright kitchen has Corian counter tops and full backsplash, a 5 burner “in-island” gas range, GE profile microwave and oven and a high-end Bosch dishwasher. You’ll also appreciate the oversized tile flooring and the upgraded cabinets. You’ll love the views out to the South pasture from the kitchen nook and the convenience of the beautiful deck from the slider. The deck is about 600 sf and is a place where you can enjoy views of your property, evening BBQs or relaxation. You’ll love the sounds of nature and solitude of living in the country.

In addition to the beautiful views, this property has rights to 8 miner’s inches of irrigation water. The irrigation is all underground and has 200 heads. Also included is a barn with 3-phase power, an additional septic system rated for a 3bed/2bath and a second well. Both wells are domestic and rated at 5 gpm. You’ll also enjoy plentiful fruit and nut trees including pluots, peaches, almonds and walnuts just to name a few.

Call today for a private showing!

Offered at $614,999

Home for Sale, Lincoln, CA.

Private and Next to Nature!

1201 Canvasback Circle, Lincoln, CA 95648

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Great Location! Desirable floor plan! This well-built home sits on a quiet street in Teal Hollow, backs up to beautiful open space and has a very private yard. You’ll love the excellent floor plan with a full bed and bath downstairs in addition to the 3 beds and 2 baths upstairs. It also includes formal living and dining rooms and a spacious family room that opens into the bright kitchen and kitchen nook. Wonderful curb appeal, a patio cover in the back and various trees and shrubs add to the very private and peaceful yard. Other upgrades include cabinets, over-sized tile flooring, Caesar-stone countertops and island, crown molding and more! Close to freeway access, yet far enough away to avoid the noise. This is definitely one you won’t want to miss.

Don’t delay, call for your private showing today!

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New Office Location! Realty World, Lincoln, CA – Garth Evans

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In order to serve our clients better, we have moved to a new office! We are now located at 741 Sterling Parkway, Suite 300, Lincoln, CA 95648. We are happy to be in a nice, new building and close to a lot of lunch options. After you stop in, you have a lot of choices. Subway is just next door, Red Robin, Sterling Café, Ninja Sushi, Jamba Juice, A&W, Casa Ramos, DT Noodles, Mountain Mike’s Pizza, Suan Thai Bistro, Beach Hut Deli are all close by. If you are feeling like some donuts, there is even a Pink Box Donut shop. I’m sure I’m missing a couple… I might actually be able to grab a sandwich now and then!

Stop by and we’ll be able to tell you current homes for sale, our personalized marketing plan for your home and all about the real estate market in Lincoln, CA.

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