The Real Estate market is shifting.
In the last seven days, 22 new homes went for sale in Concord, the lowest priced one was $189,000 – a two bedrooms, one and a half baths condo with 880 sq ft; the highest priced one was listed at $718,000 – a three bedrooms, three bathrooms detached home with 2,457 sq ft.
In the same period of time, only five homes went pending, from $198,000 to $750,000 and only two homes were actually sold and recorded in the public records, one for $160,000 ($17,500 over asking price) and the other one for $300,000 – both sales were “cash” transactions.
What does this mean to you?
Well, if you are a buyer, you may not have to be so concerned with competing with other buyers to get your offer accepted; as long as you're pre-approved with a reputable lender, you should be able to get the home of your dream at the asking price, depending on the condition of the home.
Find out what's happening in Concordwith free, real-time updates from Patch.
The bottom line is that the market has shifted from just a few months ago; we are getting more inventory of homes for sale and there are fewer buyers, balancing the scale; we are still getting multiple offers, however they are only on the best available properties and best presented ones (think staging) and/or the best priced properties.
Disclosure.
This is my opinion, in no way do I have a crystal ball, and while I would like to think I have an open line with God, He is not whispering real estate advice in my ear.
Find out what's happening in Concordwith free, real-time updates from Patch.
I want more.
If you are a seller and you’d like to know the present value of your home at this exact time, please contact me for a no-obligation evaluation of your home, both computerized and in person, completely free of charge. Also, if you look at the value of your home on Zillow and you think it is not accurate, contact me and I will be happy to show you in person how to change it.
If you're a buyer, let's make an appointment in my office so that I can show you how I work and the latest meaningful statistics and homes for sale in the neighborhood in which you are interested.
This was originally posted by Rafael Quintero, Realtor®, BRE# 01401705 on The Pulse on Real Estate; ; visit my website at www.RafaelQuintero.com
I am a Realtor® with Better Homes and Gardens Mason-McDuffie Real Estate in Walnut Creek and can be reached at 925.567.3795 and/or via email at Rafael@RafaelQuintero.com
