What’s New? The Reason to List Your House Right Now!
The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market:
1. Buyer demand is already extremely strong
2. Housing supply is at a historically low level
ShowingTime is a firm that compiles data from property showings scheduled across the country. The latest ShowingTime Showing Index reveals how showings have increased in each of the country’s four regions for five months in a row.
The number of homes currently for sale has declined rapidly and now sits at the lowest level in almost a decade. The national housing inventory declined 13.6 percent in January, the steepest year-over-year decrease in more than 4 years, pushing the supply of for sale homes in the U.S. to its lowest level, going back to 2012.
In response to these numbers, Danielle Hale, Chief Real Estate Economist said,“
Homebuyers took advantage of low mortgage rates and stable listing prices to drive sales higher at the end of 2019, further depleting the already limited inventory of homes for sale. With fewer homes coming up for sale, we’ve hit another new low of for sale-listings in January.”
Since there’s a historic shortage of homes for sale, putting your home on the market today could drive an excellent price and give you additional negotiating leverage when selling your house.
So, if you’re thinking of selling, or know someone who is, let’s talk because NOW is THE best time to make your move.
(Contributions provided by Keeping Current Matters)
4 Bed | 3 Bath | $1,315,000 | Compass Listing
Upgrades galore plus a tranquil backyard are the highlights of this 2502 SF home in Vista Tassajara featuring 4 bedrooms and 3 baths. Beautifully remodeled kitchen and baths. Other upgrades include hardwood floors, plantation shutters, French doors and more! Entertain in style in the private yard with a pool, spa, waterfall, built-in BBQ and fire pit. 3 car garage. Community facilities include pool, greenbelt and tot lot with HOA dues of just $125 per month. Conveniently located near top schools, Tassajara Crossings and Blackhawk Plaza shopping and dining.
4 Bed | 2 Bath | $1,775,000 | Compass Listing
Completely remodeled and reinvented rancher in pastoral Reliez Valley. Easy California living in this single story four bedroom, two and one half bathroom home. Designed for modern living, 3253 Brookwood has an incredibly thoughtful floor plan with open concept eat-in kitchen/family room combo and an additional dining area and formal living room. Private master retreat with large his and her walk-in closets, including a spacious en-suite master bathroom. Endless thoughtful details throughout including a metal roof overhang, vaulted kitchen ceilings, mud room, spacious laundry room, and 7” plank white oak hardwood flooring throughout. Smart home features include nest thermostat and wifi controlled lights, doorbell, skylights and garage door.
5 Bed | 5+ Bath | $5,395,000 | Compass Listing
Nothing was spared when this one story Modern California Mission style showpiece was built in 2018. Thoughtful planning, quality construction & exquisite finish materials all come together creating this timeless and memorable estate of casual elegance and functional spaces, making everyday living enjoyable and times of entertaining effortless. The home is light-filled with soaring ceilings, spacious rooms, and stunning windows and doors that open to the outdoors. The yard is gated, private, & well appointed with a beautiful pool and spa, a flat grassy area for play, and a covered loggia that connects seamlessly to the game room for fabulous indoor/outdoor living. Just a short walk to Diablo Country Club.
95 St. Thomas Way
Belvedere Tiburon, CA 94920
6 Bed | 6.5 Bath | $6,950,000 | Compass Listing
Perched on the San Francisco Bay and set on a double lot with open water views throughout, this single level, contemporary Mediterranean home is defined both by peaceful luxury and ease of living. Ample living areas, sprawling master suite with abundant luxuries, and large en-suite bedrooms ensure everyone has plenty of space. Open to the whole back of the home, with direct access to the Bay, the spacious deck and pool area create an ideal indoor/outdoor living environment. This home is an entertainer's dream!
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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity.