Inventory dropped to 4.8 months from 7.4 months in November. Months of inventory is a measurement of the “velocity of the market;” according to current supply and demand, it could be said that if no other homes came on the market after today it would take almost five months to sell off the current inventory.
While 4.8 months is still considered a “buyer’s market,” it is not considered to be the “strong buyer’s market” of the month before. Traditionally, the velocity of the real estate market increases in the early months of the year; should this hold true next year, we may see the Dublin Ranch market become an “even market” (one that favors neither buyers nor sellers) or even a weaker “seller’s market.”
For a free copy of our Special Report How to Sell Your Home in a Buyer’s Market (and Get the Best Price Faster Than Anyone Else Around!) feel free to contact us.
One of the interesting things we’re seeing in our market now is a transfer of wealth from intangible assets (stocks, bonds, mutual funds, etc. ) to tangible assets (gold, silver, and real estate). Much of this is happening because of inflation, but it also has to do with consumer’s comfort levels. In other words, when investors lose money in “intangibles,” they go back to things they can touch and hold onto with their hands.
Most people know that lenders are having to off-load their real estate assets that have been acquired through the process of foreclosure. Many times, these properties are being offered at a discounted price so the lender can get the “non-performing asset” off their books. A couple of years ago, acquiring a property in the Bay Area that was cash-flow positive meant that you had a loan that was negatively amortized. Now, with fewer people being able to buy and the strengthening of the rental market, along with the decline in property values, the opportunity to buy couldn’t be more ideal. As Robert Kiyosaki’s “Rich Dad” said, now is the time to “Buy it Right!”
A few weeks ago we here at Dublin Ranch Lifestyle made a decision to help residents build wealth back into their portfolio through real estate. To do that, we will be offering Bay Area bank-owned properties that should perform well in the coming years as you are looking to rebuild your nest egg. Most, if not all, of the properties we will be bringing to market will be outside of the Dublin Ranch area. However, we will be showing these properties to you and offering a free analysis of how these properties could perform for you through three primary investment objectives: appreciation, cashflow, and income sheltering.
You will be able to find these properties on our site in the Real Estate section. If you would like to speak with us about the risks and rewards of real estate investment, we would be happy to share our 30-minute presentation with you; contact us today!
As first time home buyers, the thought of buying a home was quite overwhelming. In particular, all the paperwork, and the financial aspects did keep us up a few nights! However once you came on board the process actually became quite enjoyable and fun!
Its been one hell of a positive experience and we would like to thank you both for taking us by the hand and walking us through the entire process. You have been there with us each step of the way, explained things in ways that were understandable (and many times more than once I might add), and really helped take a lot of the stress out of the process.
Your attention to details and your promptness in communicating with us and resolving issues in a timely (and calm) manner speaks volumes.
We want to thank you both sincerely, and you will be highly recommended to any of our friends / colleagues who may be contemplating purchasing (or selling) a home.
To a better future,
Khosrow and Mieko.
p.s We hope to have you over once we get some furniture!!
Of course, the HIGHEST compliment we can receive is a referral to one of your family or friends, or any one else you know (and like!) who could use our help right now. To let us know how we can help, call or email us today!
As a general rule of thumb, six or more months is considered a strong buyer’s market. From the above chart, you can see that the market for Dublin Ranch homes has not fovored buyers so strongly since April of this year.
Trying to sell your home in this market can be challenging. For a copy of our Special Report How to Sell a Home in a Buyer’s Market (and Get the Best Price Faster than Anyone Around!) feel free to contact us.
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.
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