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Sunil
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San Jose on list for world's least affordable housing
Way to go, San Jose! You're the least affordable city in the USA and the fifth least affordable city in the world. In fact, you are even less affordable than San Francisco, which is only the ninth least affordable city on Earth. -- Sunil Sethi / REALTOR, Broker, MBA, CPA(inactive), GREEN Sunil Sethi Real Estate 38750 Paseo Padre Pkwy #B3, Fremont, CA 94536 www.sunilsethi.com BRE #01173766
Falling Inventory Causing Buyer's to Move Faster
from CAR Falling inventory forces homebuyers to move at fastest pace ever Source: Housing Wire Housing inventory fell 8.9 percent from last year in the second quarter of 2017, sending homebuyers scurrying to beat the rising competition. Housing inventory dropped for nine consecutive quarters, and is currently down a full 20 percent from inventory levels five years ago, a new report from Trulia shows. And now, homebuyers are snatching up homes at the fastest pace since Trulia began tracking in 2012. While 57 percent of homes were still on the market after two months in 2012, today that number shrank down to 47 percent. Competition is so fierce, in fact, that 33 percent of Americans who bought a home in the last year made an offer without even seeing the home in person, according to a survey from Redfin, an online real estate brokerage. This is up from 19 percent of buyers who placed an offer on a home without seeing it first last year. Among millennials, even more placed offers without ...
June 2017 Alameda County Housing Inventory Snapshot
I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date. Housing Inventory Snapshot June 27, 2017 Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active/sold 30 Days Trend Number of Listings Alameda County, CA Single Family under $1M $703,458 1.23% $700,000 0.14% 27 -2 577 Single Family over $1M $1,891,599 2.03% $1,495,000 0.47% 47 4 339 Condo/Townhome under $600K $477,452 0.99% $480,000 0.21% 22 0 158 Condo/Townhome over $600K $776,528 -0.63% $734,990 1.38% 28 -2 133 San Mateo County, CA Single Family under $1M $862,037 3.01% $895,000 5.42% 28 / 6 8 / -15 77 Single Family over $1M $4,592,062 -3.77% $2,499,000 0.04% 62 / 31 1 / 20 337 Condo/Townhome under $600K $487,325 1.76% $485,000 -2.81% 46 ...