Real Estate Market Trends by town, just click to get the link to the November 2011 Sales Statistics:
Cool Real Estate Market Trends
Garden Valley Real Estate Market Trends
Georgetown Real Estate Market Trends
Greenwood Real Estate Market Trends
Pilot Hill Real Estate Market Trends
The entire Georgetown Divide as a whole
In general our foothill communities are out-pacing the nation. Inventory is down year over year and entry level properties are seeing stiff competition from investors that are now convinced that low interest rates coupled with affordability make for a good investment and hedge against inflation as these properties recover and not only generate income now but also have great potential for future appreciation. California Association of Realtors is stating by 2015 California will see a substantial housing shortage and that by 2020 we will see home prices double. The cause? influx of new people, the age of youth will be of home buying age, renters realizing that ownership at low interest rates is cheaper than renting and the formerly displaced homeowners from short sales and foreclosures will have sufficient credit recovery and be able to buy again.
We are now experiencing multiple offers on those properties priced well and in great condition with updates completed! The time on the market for these homes are days not weeks. Many buyers are lamenting there are not as many to choose from as they expected. With these new sales stats it is likely we will start to see prices moving from stability to marginal increases.
Barring major economic changes and global catastrophies, we are now leaving the bottom of the market. Don't wait too long to answer opportunity's knock, it could cost you more and the home you really wanted may have someone else living in it.
Here are the most current real estate market trends for November 2011 for Placer County and the communties of:
Auburn Real Estate Market Trends under $300k Auburn Real Estate Market Trends over $300k
Foresthill Real Estate Market Trends
Meadow Vista Real Estate Market Trends
In general our foothill communities are out-pacing the nation. Inventory is down year over year and entry level properties are seeing stiff competition from investors that are now convinced that low interest rates coupled with affordability make for a good investment and hedge against inflation as these properties recover and not only generate income now but also have great potential for future appreciation. California Association of Realtors is stating by 2015 California will see a substantial housing shortage and that by 2020 we will see home prices double. The cause? influx of new people, the age of youth will be of home buying age, renters realizing that ownership at low interest rates is cheaper than renting and the formerly displaced homeowners from short sales and foreclosures will have sufficient credit recovery and be able to buy again.
We are now experiencing multiple offers on those properties priced well and in great condition with updates completed! The time on the market for these homes are days not weeks. Many buyers are lamenting there are not as many to choose from as they expected. With these new sales stats it is likely we will start to see prices moving from stability to marginal increases.
Barring major economic changes and global catastrophies, we are now leaving the bottom of the market. Don't wait too long to answer opportunity's knock, it could cost you more and the home you really wanted may have someone else living in it.
Efforts to help California homeowners avoid foreclosure and keep their homes received a big boost recently when Bank of America agreed to participate in a principal-reduction program.
It became the first major mortgage service company to join the program, which can offer cash-strapped mortgage holders up to $100,000 in relief on their loans. Bank of America services more than 2.2 million home loans in the state.
The program aids home-owners at risk of default because of economic hardship and a severe decline in their home values.
Those who qualify are eligible for up to $50,000 in assistance from the Keep Your Home California program and, with the mortgage lender required to match the program dollar for dollar, a total principal reduction of as much as $100,000.
While other mortgage modification programs may stretch out monthly payments or lower interest rates to make the loans more affordable, they don't reduce the principal balance.
"The principal-reduction program is one of those that many homeowners have been waiting for," said Evan Geberding, marketing manager for Keep Your Home California, a nonprofit corporation administering $2 billion in federal funds through a program to help state residents who are struggling to pay their mortgages.
It could prove a lifesaver for borrowers who find other mortgage-modification or loan-assistance programs fall short.
"We're asking homeowners to make one more phone call, give us one more chance, so you can find out if this might work for you," Geberding said. "This one really is different."
Still, it may not help everyone.
For example, mortgages owned or guaranteed by Fannie Mae or Freddie Mac are not eligible for the Principal Reduction Program.
Also, it is being supported by eight mortgage service companies.
For more information, call Keep Your Home California toll-free at (888) 954-KEEP (or (888) 954-5337) or visit KeepYourHomeCalifornia.org.
Cal Fire Fee
Gov. Jerry Brown recently signed into law a $150 annual wildfire protection fee for property owners in rural areas of California. While the regulators are still working out the details and some counties are even preparing to seek answers from the courts, we want you to be as prepared as possible with knowledge of the areas likely to be affected by this new fee. We have provided a copy of the map showing those proposed affected areas in yellow.
The company that went into the old Gottchalk's building did a soft opening today. Get a sneak peek and great deals before the formal grand opening!
 |
|
|
Professional Realtor since 1990 matching buyers and sellers to Ranches, rural Estates, residential resale, bare Land and Investment properties in the Gold Country Foothills of Northern California
I believe in accountability.
We reside in a diversifed area here in the foothills. Auburn has been named "The endurance CapitoI of the World". I enjoy showing and knowing the ins & outs of:
I am sensitive to those with disabilities, family needs and personal goals. I give seminars on Real Estate Investing and 1st Time Home Buyer workshops. We are in the heart of all the recreational opportunities for any lifestyle yet within 90 minutes of sofisticated urban pleasures.
How likely are you to recommend this agent?
highly likely
Rate agent on specific characteristics
Local knowledge:
Process expertise:
Responsiveness:
Negotiation skills:
Summary of their experience
Since 2006, Cathy has been my realtor when she assisted me with my purchase of my current primary residence in Pilot Hill. At the time, she was providing regional real estate instructor for her company, along with being a full-time agent. Cathy's knowledge of the buying and selling process of real estate is strong. Her local knowledge is excellent and helpful as I was looking in a wide region of the Sierra Foothills. I very much appreciated her patience in skillfully guiding me through the process and closing the deal. Although she is always quite busy, she responds to my calls or email promptly. More recently, Cathy has helped me view some properties for a second home and she will continue to be my "go to" agent for future real estate transactions in the Sierra Foothills.
Here is what kdeane wrote:
How likely are you to recommend this agent?
highly likely
Rate agent on specific characteristics
Local knowledge:
Process expertise:
Responsiveness:
Negotiation skills:
Summary of their experience
Cathy was the perfect agent, she understood what i was looking for and went the extra mile to find it, preview it and provide knowledge prior to me viewing the homes. She is a definite resource that should be utilized whenever possible.
2008 Lincoln, CA
Here is what Polstra wrote:
How likely are you to recommend this agent?
highly likely
Rate agent on specific characteristics
Local knowledge:
Process expertise:
Responsiveness:
Negotiation skills:
Summary of their experience
We spent over a year looking at property with Kathy.
She was very patient with us and truly honest when asked tough questions.
Service provided
Helped me buy a home 2004 Garden Valley
Here is what lpierroz wrote:
How likely are you to recommend this agent?
highly likely
Rate agent on specific characteristics
Local knowledge:
Process expertise:
Responsiveness:
Negotiation skills:
Summary of their experience
Excellent agent, impressive local knowledge. I am very happy with her service.
Service provided
Listed and sold a home or lot/land
Street address
3561 State Highway 49, Cool, CA 95614
Year
2010
Here is what sacramento79 wrote:
How likely are you to recommend this agent?
highly likely
Rate agent on specific characteristics
Local knowledge:
Process expertise:
Responsiveness:
Negotiation skills:
Summary of their experience
Cathy has always been there for us whenever we needed her. She has a remarkably in-depth knowledge of the area and is a pleasure to work with. She doesn't push us to buy, instead giving insightful advice quietly and thoughtful. Above all, she remains positive about finding the right home for us.
Service provided
Showed me homes in Auburn 2011
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
