Sep2010 dorothys market update
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COLDWELL BANKER GONELLA REALTY DOROTHY KIELTY MARKET UPDATE September, 2010
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Transcript of Sep2010 dorothys market update
COLDWELL BANKER GONELLA REALTY
DOROTHY KIELTY
MARKET UPDATE
September, 2010
We saw a drop in sales price right after the home buyers tax credit went away, but this month it’s back up 19% above last year for August
The numbers of properties for sale is staying very consistent this year.
One factor in the rise in both the median for sale and median sold prices is the non-bank homes – their median price is higher than the bank owned homes.
MARKET TRENDS – SAN JOAQUIN / STANISLAUS / MERCED COUNTIES
CALIFORNIA HOUSING MARKET
Source: California Association of REALTORS
CALIFORNIA HOUSING MARKET
Multiple offers also led to home sales with the final sales price
exceeding the list price in more instances.
Source: California Association of REALTORS
CALIFORNIA HOUSING MARKET
Source: California Association of REALTORS
FIRST-TIME BUYERS RESEARCH
Most are Married49% are a married couple. Single females
comprise a quarter of first-time buyers, and single males account for just 12%.
They’re YoungMore than 1/2 – 53% – are between the ages of
24 and 34. And 12% are younger than 24.
Source: National Association of REALTORS 2009 Profile of Home Buyers and Sellers.
FIRST-TIME BUYERS RESEARCH
They’re Diverse22% are part of a minority group, compared with 13% of
repeat buyers. 6% speak a language other than English , and 12% were not born in the United States
Source: National Association of REALTORS 2009 Profile of Home Buyers and Sellers.
FIRST-TIME BUYERS RESEARCH
They Take Their TimeFirst-time buyers take an average of 12 weeks to find
their home, compared to 10 weeks for repeat buyers.
They’re Not Afraid of Foreclosures11% of first-time buyers bought a home in foreclosure,
and 56% considered it. Only 9% of repeat buyers bought a foreclosure, and just 41% considered it.
Source: National Association of REALTORS 2009 Profile of Home Buyers and Sellers.
NODS & TRUSTEES DEEDS FILED IN CALIFORNIAI EXPECT THE LEVELING OF TO CONTINUE AS IT IS BETTER FOR THE BANK’S BOTTOM
LINE.
2005 - 2009
0
20000
40000
60000
80000
100000
120000
140000
20
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20
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.4
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NODs Trustee Deeds
Source: DataQuick Information Systems
No. of Defaults or TDs
LET ME KNOW IF YOU HAVE ANY QUESTIONS ABOUT THIS INFORMATION, OR IF I CAN HELP YOU ...
Dorothy Kielty 209 489-0621
Dorothy Kielty cell 209 489-0621
Dorothy Kielty
Coldwell Banker, Gonella Realty701 W Olive. Ave
Merced, CA 95348
Cell: 209-489-0621
