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Market health

11-05-09

Bonnie Kappler, GRI Copperopolis, Ca : Real Estate Sales Person in Copperopolis, CA

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Office: (209) 768-4477

Mobile: (209) 768-4477
Secondary: (800) 527-1173

Inventory is declining, but new REO and Short sales are still hitting the market at a steady rate. It seems that short sales are getting more difficult to reach agreement with the banks. REO sales however are much easier. This is a great time for home buyers. It appears that we are seeing an increase in short sales and REO sales in the upper market. If you are in the buyer market it is very important to make a good conection with an agent that can put you on "drip" email. This will provide current listings as they are entered into the local mls. In this market getting there first is important.

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Haunted Copperopolis!

10-31-09

Bonnie Kappler, GRI Copperopolis, Ca

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Office: (209) 768-4477

Mobile: (209) 768-4477
Secondary: (800) 527-1173

Happy spooky holiday! Is it true that the old Corner is haunted?

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Beautiful Lake Tulloch and it's history.

10-29-09

Bonnie Kappler, GRI Copperopolis, Ca

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Office: (209) 768-4477

Mobile: (209) 768-4477
Secondary: (800) 527-1173

History

Tulloch Reservoir is situated on mostly private lands with substantial residential development on the Calaveras County portion of its shoreline. Access to the Reservoir is from privately owned docks and through privately owned facilities accessible to the public on a fee basis. Access to the South Shore is via Tulloch Dam Road off of Highway 108 and to the North Shore via O'Byrne's Ferry Road also off of Highway 108.

Elevation

The reservoir level at Tulloch (expressed as an elevation in feet above sea level) fluctuates frequently based on the operating needs of the US Bureau of Reclamation, the operators of New Melones, and the needs of Tri-Dam Project. The Bureau of Reclamation publishes a schedule of anticipated, but not guaranteed, changes in the Tulloch Reservoir elevation.

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Multiple offers are back. From my lender.

10-27-09

Bonnie Kappler, GRI Copperopolis, Ca

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Office: (209) 768-4477

Mobile: (209) 768-4477
Secondary: (800) 527-1173

Falling Home Supplies Mean More Multiple-Offer Situations For Buyers The national housing supply fell to a 2-year low last month, according to the National Association of Realtors®. At the current sales pace, existing home inventories would sell out in 7.8 months -- 30 percent faster versus November 2008. For a 10-month window, that's a major housing supply reduction and it helps to explain why multiple-offer situations have been so common lately. Moreover, the same report from NAR showed sales activity reaching its highest point since July 2007, too. If you're looking for evidence that the long-standing Buyers Market is ending, this month's Existing Home Sales report might be it. Even median sales prices -- typically dragged lower by distressed and foreclosed properties -- declined at its slowest pace in a year. The market may have turned a corner. Home prices are rooted in the basic economics of supply and demand. When supply outweighs demand, home prices fall When supply lags demand, home price rise Since March 2009, the market has been moving in the right direction. Low mortgage rates, ample housing supply and a first-time home buyer tax credit fueled buy-side demand so that home prices are now rising in many U.S. markets. If home supplies stay on this path into 2010, expect home prices to rise even more.

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Lake Tulloch Area Home Sales

10-12-09

Mother Lode Real Estate Master

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Office: (209) 533-4242

I've got the latest Lake Tulloch / Copperopolis area residential sales statistics for you to see in four clickable graphs. As usual, the first three graphs cover three years including 2007, 2008 and 2009. The first graph spells out the Residential Unit Sales. The second graph highlights Residential Sales Volume. And the third graph shows Residential Average Sales Price. And finally, the fourth graph focuses on the price range breakdown of Residential Units Sold through October 12, 2009. Before you click on the graphs, here are some of the numbers in simple black and white...

Total Residential Unit Sales: September 2009 = 80; September 2008 = 71; September 2007 = 65

Total Residential Sales Volume: September 2009 = $21,837,525; September 2008 = $22,661,345; September 2007 = $27,209,722

Total Residential Average Sales Price: September 2009 = $272,969; September 2008 = $319,174; September 2007 = $418,611

For more market information and help with buying or selling, contact your Sugar Pine Realty Lake Tulloch / Copperopolis real estate professional today. Call 209-785-5757. (The data used in this post comes from the Calaveras Multiple Listing Service and is deemed reliable, but not guaranteed.)

Total Residential Unit Sales: