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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 1st Quarter Market Report: Home Sales Start Strong in 2017

The 1st quarter of 2017 ended on a strong note with March existing home sales reaching its highest pace in 10 years despite low inventories of homes for sale.

The most notable change in the 1st quarter was another huge increase in markets where there were more buyers than sellers resulting in quick sales and low inventory. Our survey showed that in 73% of the markets surveyed there were more buyers than sellers, an increase of 15% over the 4rd quarter and an increase of 13% over the 1st quarter of 2016. Additionally, 80% of our markets survey showed a tight supply of homes, an increase of 10% over last quarter and 13% over last year. Home prices are also on the rise with 92% of markets showing price appreciation in the last year.

According the National association of Realtors (NAR) existing home sales in March were up 5.9% over last year; inventory of unsold homes is at a 3.8 month supply and 48% of all homes sold in under one month. That is a strong sellers market.

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 both buyer and seller activity is up slightly in the 1st quarter of 2017 compared to the previous quarter. Buyer activity increased in 74% of the markets surveyed and decreased in 14% of the markets surveyed indicating a significant 8% increase since the 4th quarter o f 2016 and a 1% decline in activity from Spring 2016. Simultaneously, the trend for seller activity continued to increase in the 1st quarter with 45% of the markets indicating increased seller activity compared to 42% of the markets in the 4th quarter of 2016 and 40% of the markets this time last year. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly.

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Summer 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 Jul 28th, 2017
30 year fixed rate: 3.85%
15 year fixed rate: 3.85%
30 year jumbo rate: 4.09%
15 year jumbo rate: 3.69%
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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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