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Rossmoor - Walnut Creek Local News

News for Rossmoor - Walnut Creek, CA - December 13th, 2010 8:20pm
Wonderful Homes That Are Really Great Values Available. Rossmoor is a Resort Style Retirement Community in the Heart of the San Francisco Bay Area. Please Contacct me to Take a Closer Look and Obtain Detailed Information. I'd Love to Help!
National Market Conditions
2017 2nd Quarter Market Report: Home Sales Stall but Prices Rise

The 2nd quarter of 2017 ended on a down note with pending home sales dropping for three straight months. However home prices continue to rise at a rapid pace with median home prices up 6.2% year over year. The primary reason for the slow-down in sales is the limited number of homes for sale, higher prices and less buyers being able to afford to buy a home.

The most notable change in the 2nd quarter was how fast the homes were selling. Our survey showed that in 70% of the markets surveyed homes sold in under 60 days compared to 53% in 2nd quarter 2016, resulting in a whopping 17% increase. Additionally we found that 84% of the markets reported a tight to very tight supply of homes compared to 66% last year...another whopping 18% increase. The tight supply of inventory is causing homes prices to rise with 91% of all markets surveyed reported price appreciation. 34% of the markets reported appreciation over 5% and another 27% reported appreciation in excess of 10%.

According the National association of Realtors (NAR) existing home prices were up 6.2% over last year. The inventory of unsold homes is at a 4.6 month supply and 54% of all homes were sold in under one month. Still home sales dropped overall due to the low inventory of homes for sale.

The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in buyer activity is significantly higher than seller activity. Our Realtors reported increasing buyer activity in 89% of the markets - up 15% from last quarter and 5% over last year. However seller activity increased in only 49% of the markets - down 9% from last year and up 5% over last quarter.

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Fall 2017 Market Update
Now is an exceptional time to buy a home in Rossmoor - Walnut Creek before prices go up further with low interest rates in an increasing market! Call me anytime for more information at 925-787-6357 or visit my website www.LoriYoung.com
Average Sold Home Price: $475,000

Average Time on Market: 10-30 days

Best Selling Price Range: $550,000 - $599,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Increasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Decreasing

Multiple Offers? Yes

Multiple Offers Commentary: Because Rossmoor - Walnut Creek is comprised of various micro markets ranging from $150,000 - $1,600,000+ each market is unique within itself.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Housing Inventory Comments: Rossmoor, the Premier 55+ Active Retirement Community has homes from $150,000 - $1,600,000 with various micro markets. The trend is quickly moving to less market supply and shorter time on the market with values increasing.

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Rossmoor is retirement living at its best .... homes are situated in luxury garden-style and mid-rise condominiums, villas, town homes and co-ops to single-family detached estates with state-of-the-art architecture and a wide selection of quality homes. Rossmoor offers an ideal environment for active adult living... nationally recognized, award winning active adult community located on 2,200 acres in a picturesque valley in Walnut Creek where there is an a abundance of shopping, restaurants, theatres and cultural activities The excellent recreational facilities include 27 holes of NCGA-rated golf, four resort-style swimming facilities, health fitness center, movie theatre, eight outdoor tennis courts, three lawn bowling greens, miles of hiking trails and so much more all to complement whatever lifestyle you want to have, connecting you to all there is.

Nearest Metro Area: San Francisco

Housing Hot Spots: Most cities within the Contra Costa County area are considered �Housing Hotspots� NOW is the time to buy; home prices are going up and what you pay today will be a bargin in 3 months.

Average Sold Home Price: $475,000

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Mortgage Rates for Sep 22nd, 2017
30 year fixed rate: 3.77%
15 year fixed rate: 2.97%
30 year jumbo rate: 4.16%
15 year jumbo rate: 3.83%
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Real Estate Professional, Lori Young Lori Young
Rossmoor Realty
Specializing in Rossmoor - Walnut Creek Real Estate
1641 Tice Valley Boulevard
Walnut Creek, California 94595
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(Because current market conditions can change rapidly in any given marketplace,
please check with Lori Young for current Rossmoor - Walnut Creek, CA market conditions before acting on this information.)
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