By MC Dwyer
Real Estate Market Update: 4th Quarter 2018
As you look at the price chart, remember some of these micro markets (unincorporated areas like Lompico and Brookdale) have so few home sales, that percentage changes aren’t statistically significant and average prices can be dramatically skewed when one of the few sales exceed a million dollars. It’s more useful to look at the San Lorenzo Valley as a whole, where prices were up about 9% versus the 4th quarter of last year but down 2% when compared to the 3rd quarter of 2018.These charts show housing inventory over the past three years. Some sellers take their homes off the market over the holidays and relist them in spring. These graphics show clearly that each region is experiencing an inventory shortage that is beyond just that seasonal pattern. Around six months housing inventory is considered balanced between buyers and sellers. So, listing a home for sale early this year could mean beating the competition when the normal rush of sellers list their homes in late spring.\
Contact MC Dwyer (CA DRE#01468388) and make your New Years’ real estate resolutions come true: mcd@mcdwyer.com or www.SLVHomes.com