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| Real Estate Statistics |
Experience the difference!
| Real Estate Statistics |
Information obtained from regional listing service and is not guaranteed by Team Hawrysz or Prudential California Realty. |
8/30/2008
ABOUT THE CURRENT MARKET:
While the supply & demand is
changing in the valley, prices
continue to fall (as shown in the
above 24 hour market update). The
converging supply & demand trend
is a clear indication that the market
is recovering. Prices should begin to
climb soon. Unless outside forces
change the dynamic of the market.
For instance the quantity of qualified
buyers will decline this month
because of the elimination of down
payment assistance programs one
of which will end October 1st. Hence
the reduction of buyers in the market
should continue to have a negative
impact on market dynamics, thus
prices should continue downward for
a while. For more information or to
get a better understanding of the
Real Estate market, don't hesitate to
call us at (209) 599-7028.
~ R. Hawrysz
ABOUT THE CURRENT MARKET:
While the supply & demand is
changing in the valley, prices
continue to fall (as shown in the
above 24 hour market update). The
converging supply & demand trend
is a clear indication that the market
is recovering. Prices should begin to
climb soon. Unless outside forces
change the dynamic of the market.
For instance the quantity of qualified
buyers will decline this month
because of the elimination of down
payment assistance programs one
of which will end October 1st. Hence
the reduction of buyers in the market
should continue to have a negative
impact on market dynamics, thus
prices should continue downward for
a while. For more information or to
get a better understanding of the
Real Estate market, don't hesitate to
call us at (209) 599-7028.
~ R. Hawrysz
10/10/2008
ABOUT THE CURRENT MARKET:
As the data indicates there has been
another month of increased listings
(supply) and increased demand.
The increase in listings was
significantly softer than the previous
month. The good news is Solds and
Pending sales continue to climb. In
the past 24 hours, there were 124
price reductions in San Joaquin and
Stanislaus Counties. This has been
a consistent trend over several
months. There are some price
increases, but it appears only for
homes that are priced well below
market. As indicated in the past, this
market has not completely adjusted.
However remains a good market for
investment and for first time home
purchases. There remains an
abundance of selection and now is a
very good time to buy. Amidst the
Presidential Election and Wall Street
issues, we have not witnessed a
reduction in loan dollars available to
qualified buyers. However, what
qualifies a home buyer today is very
different from yesterday. Lending
practices continue to tighten now
with 2nd home restrictions and the
elimination of the Nehemiah or
seller gift programs. Make sure to
contact your lender for more
information. If you need a lender, we
would be more than happy to get you
in touch with one today. Don't
hesitate to call us at (209) 599-7028
for more information on today’s Real
Estate Market.
We'll see how the market changes
next month with more commentary
and opinion.
~ R. Hawrysz
ABOUT THE CURRENT MARKET:
As the data indicates there has been
another month of increased listings
(supply) and increased demand.
The increase in listings was
significantly softer than the previous
month. The good news is Solds and
Pending sales continue to climb. In
the past 24 hours, there were 124
price reductions in San Joaquin and
Stanislaus Counties. This has been
a consistent trend over several
months. There are some price
increases, but it appears only for
homes that are priced well below
market. As indicated in the past, this
market has not completely adjusted.
However remains a good market for
investment and for first time home
purchases. There remains an
abundance of selection and now is a
very good time to buy. Amidst the
Presidential Election and Wall Street
issues, we have not witnessed a
reduction in loan dollars available to
qualified buyers. However, what
qualifies a home buyer today is very
different from yesterday. Lending
practices continue to tighten now
with 2nd home restrictions and the
elimination of the Nehemiah or
seller gift programs. Make sure to
contact your lender for more
information. If you need a lender, we
would be more than happy to get you
in touch with one today. Don't
hesitate to call us at (209) 599-7028
for more information on today’s Real
Estate Market.
We'll see how the market changes
next month with more commentary
and opinion.
~ R. Hawrysz
9/04/2008
ABOUT THE CURRENT MARKET:
As the data indicates there has been
a sharp increase of listings (supply)
in the market and this will no doubt
effect demand. In addition, it is
becoming increasingly more difficult
for potential home buyers to obtain
financing. With a GMAC Finance
closing it's doors in Stockton and
additional restrictions on what
qualifies a ready buyer, this market
has not completely adjusted.
However this is not totally doom and
gloom for all. This is a great time to
purchase a home or investment
property as prices are the lowest
they have been in years. The most
important thing you can do as a
home buyer is understand how long
you intend to stay in your home and
purchase according to that plan. If
your only panning to own a short
time, perhaps renting is the correct
solution for you. However for those of
us who are planning to live in the
home of our dreams for several
years ~ don't wait. You have an
abundance of selection and now is
the right time. The market will
recover and in 5-10 years you'll be in
great financial shape. Don't hesitate
to call us at (209) 599-7028 for more
information on todays Real Estate
Market.
We'll see how the market changes
next month with more commentary
and opinion.
~ R. Hawrysz
ABOUT THE CURRENT MARKET:
As the data indicates there has been
a sharp increase of listings (supply)
in the market and this will no doubt
effect demand. In addition, it is
becoming increasingly more difficult
for potential home buyers to obtain
financing. With a GMAC Finance
closing it's doors in Stockton and
additional restrictions on what
qualifies a ready buyer, this market
has not completely adjusted.
However this is not totally doom and
gloom for all. This is a great time to
purchase a home or investment
property as prices are the lowest
they have been in years. The most
important thing you can do as a
home buyer is understand how long
you intend to stay in your home and
purchase according to that plan. If
your only panning to own a short
time, perhaps renting is the correct
solution for you. However for those of
us who are planning to live in the
home of our dreams for several
years ~ don't wait. You have an
abundance of selection and now is
the right time. The market will
recover and in 5-10 years you'll be in
great financial shape. Don't hesitate
to call us at (209) 599-7028 for more
information on todays Real Estate
Market.
We'll see how the market changes
next month with more commentary
and opinion.
~ R. Hawrysz
11/1/2008
ABOUT THE CURRENT MARKET:
As the data indicates the quantity of
Listing Taken (supply) is tapering off
and Pending Sales are slightly down.
The decrease in listings is a sign
that we are getting closer to the point
where prices may begin to stabilize.
This happens as supply (Listings
Taken) and demand (SOLDS)
converges and the good news for
home owners is we are heading in
that direction. However, we can
expect SOLDS to be down during the
holiday seasons which may drive
prices further south. Yesterday we
saw just over 100 price reductions in
San Joaquin and Stanislaus
County's which has been a
consistent trend over the past two
months. The small adjustment in
pending sales is most likely
associated with the Elections and
the approaching Holiday Season. I
believe at this point, we are just past
the Pre-Holiday surge.
The good news for Home Buyers is
that this remains a great market for
investment and first timers. It takes
some searching to find the perfect
home, but you can expect to get
some great deals. Working with the
right agent, speed, accuracy and a
clean offer is absolutely the right
path to obtaining a great deal on a
home today.
Don't hesitate to call us at (209) 599-
7028 for more information on today’s
Real Estate Market and we'll see
how the market changes next month
with more commentary and opinion.
~ R. Hawrysz
ABOUT THE CURRENT MARKET:
As the data indicates the quantity of
Listing Taken (supply) is tapering off
and Pending Sales are slightly down.
The decrease in listings is a sign
that we are getting closer to the point
where prices may begin to stabilize.
This happens as supply (Listings
Taken) and demand (SOLDS)
converges and the good news for
home owners is we are heading in
that direction. However, we can
expect SOLDS to be down during the
holiday seasons which may drive
prices further south. Yesterday we
saw just over 100 price reductions in
San Joaquin and Stanislaus
County's which has been a
consistent trend over the past two
months. The small adjustment in
pending sales is most likely
associated with the Elections and
the approaching Holiday Season. I
believe at this point, we are just past
the Pre-Holiday surge.
The good news for Home Buyers is
that this remains a great market for
investment and first timers. It takes
some searching to find the perfect
home, but you can expect to get
some great deals. Working with the
right agent, speed, accuracy and a
clean offer is absolutely the right
path to obtaining a great deal on a
home today.
Don't hesitate to call us at (209) 599-
7028 for more information on today’s
Real Estate Market and we'll see
how the market changes next month
with more commentary and opinion.
~ R. Hawrysz
