A Pleasant Realtor for Pleasant Hill - Mary Ann Cadorna - Real Estate Market Update - www.MaryAnn.REALTOR

A Pleasant Realtor for Pleasant Hill - Mary Ann Cadorna - CalBRE 01345274

Real Estate Market Update for Pleasant Hill

This week we have 39 active listings:

25 Active

11 New

3 Price Change (PCH)

1. Down $66,000. from $565,000. to $499,00. (after 23 days)
2. Down $30,000. from $729,000 to $699,00 (after 25 days)
3. Down $26,000. from $825,000. to $799,000. (after 29 days)

BUILDING TYPE:

7 Condos (CO): $329,000. - $469,00.

6 Town Homes (TH) : $499,000. - $598,000.

2 Duplexes (DU) : $549,000. - $699,000.

20 Detached (DE) :$484,995. - $1,599,999

AVERAGE DAYS ON MARKET (DOM):

3 day - Low

18 days - Median

19 days - Average

69 days - High

LISTINGS: 39 total

ACTIVES: Active properties remain active, with three properties experiencing a push back in asking price. Good market pricing of your home right is always the key for getting multiple offers. Currently there's a waiting almost 3 weeks wait before getting into contract. Need a free market value report? Email me: maryanncadorna@gmail.com

NEW LISTINGS: 7 new homes have entered the market.

PRICE CHANGE (PCH): We have 3 price changes in a downward trend. Again a market indicator of a push back for the pricing? One condo, duplex and a townhome.

WORLD ECONOMY: In case you haven't noticed England's actions has caused the mortgage Interest rates to drop, so this has a twofold outcome that both buyers and sellers can take advantage of.

SELLERS: Homeowners if you plan to stay or do home improvement you may want to refinance lickety split, while your loan to value is high and the interest rates are very low. However, if you plan to sell, don't miss out on your sellers market where if you hold on to long, the push back you see now will start to push the return on your invest down in asking price.

BUYERS: Now if you are a buyer according to Banktrate.com today's 30 year fixed is 3.5% and under, that means you can still glean out a fixed monthly payment that you can afford. With the push back on prices you may have an opportunity of finding a home you can afford based on your income today.

Remember home ownership provides you a tangible asset, you are increasing your net worth, while providing your self income deductible benefits. Most importantly you can escape with a thumbs up and use that thumb to take a hike from the never ending rent hikes.

RENTING TREND: A 30 year fixed is now a better option than exorbitant rents. Getting 60 day notices to vacate because landlords wanting to charge higher rents is a painful trend for bay area renters. If this continues it will destabilize affordable housing and it's creating an affordable rent crisis. The only way to offset that is to stabilize your own economy with a fixed monthly mortgage payment. Owning can now be cheaper than renting!

Whether you're buying or selling, c all the Pleasant Realtor for Pleasant Hill, Mary Ann Cadorna 1-888-572-1888 or email: MaryAnnCadorna@gmail.com for a free listing consultation listing or a free estimated market valuation.

FIRST TIME BUYER WORKSHOP: "Tired of rent that makes you lament - Own a home have something you own"

If you are a renter and tried of the rent hikes, then take a hike from rent join me at my First Time Buyer Workshop located at the:

Pleasant Hill Senior Center

233 Gregory Ln, Arts & Crafts Room

Wednesday 07-20-2016

Wednesday 08-24-2016

From 6:15 to 8:00 PM

My guest lender and I will give you the knowledge to take a hike from rent hikes.

RSVP 1-888-572-1888 orMaryAnnCadorna@gmail.com

Thank you, Mary Ann Cadorna - CalBRE01345274

www.MaryAnn.REALTOR

1-888-572-1888