I was so hopeful that we could really have a winter, but I guess not, June dry trails and pollen already in the air, I think we missed it. With the drought having real effects in the Central Valley and throughout the state of California, it’s good to remember the water conservation techniques and to put them into practice. I just think about camping in the motor home which only carries 35 gallons of fresh water and that can last 7 days, a family record. Simply techniques can save a bunch of water, let’s all keep that in the forefront of our minds and hopefully these techniques can become habits. It would be best if we always consider that water is something to be conserved, not squandered, no matter what shape the reservoirs are in.
Winter’s snow is slow getting to the Sierras this year. Sure hope we have huge amounts in February – March – April, cause there’s nothing in the forecast for the rest of January. The boat docks in the edges of the Tahoe Keys are in the mud and the water’s edge in the Al Tahoe area is waaaaay out there. With a lack of snowfall comes ease of driving on mountain roads and this ease has allowed lots of home buyers to easily make it to town. The real estate inventory of single family homes is vey low, less than 150, with multiple offer situations in some instances. Not sure if the threat of raising interest rates is spurring buyers on, but something certainly is. I’ll keep you posted on the inventory and the interest rates, and let’s all pray for mountain snow and valley rain.
Here I am in the parking lot of the Bureau of Real Estate in Sacramento waiting while my daughter completes the licensing process by taking the State Exam. We decided that few other testing applicants were escorted to the newly relocated BRE by their Broker/Mother. Whatever the result, we are having a splendid mother daughter day cause after Karen’s test were heading to the Galeria in Roseville. Shopping on this scale was not a part of raising children in Tahoe plus we have enjoyed the fall colors here in Sac since all the Tahoe leaves are long gone.
PS – She passed!!
I’ve been collecting the market data and included this snapshot of inventory information from the past year and a half or so. What these numbers help me determine is important to buyers and sellers alike; it shows me how long will a home be on the market and what kind of competition it will have. Today if no more homes go on the market we will be out of single family inventory in almost 5 months. With the average escrow period at 35 days, if you ask me to help you sell your home, I would recommend a compelling price that will move your home the front of the line of those going into escrow heading toward the goal of being sold. The sellers who aren’t as interested in competitive pricing will be the ones left at the end of that line in 4.8 months. From a buyer’s perspective, this information can be used in how best to approach an offer on a listed home. With all the sites available to house hunters, buyers are very aware of a well priced property and knowing if there are ten more to choose from or one more to choose will help you in the initial offer phase.
Active Listings: 284 Today – Single Family Residences, City County
Sold Listings: 59 in the past 30 days
Pending Listings: 92
Months Supply: 4.81