What Current Market Information Means to Buyers and Sellers

Pending Icon for Status Reports

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

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Confessions of an Ultra Runner

Jazz BlogOkay – I used to run like crazy, for years, 50k’s (31 miles) 50 milers and marathons (26.2 miles) but since I became the owner of my own business and achieved the rank of Grammy, running has taken a back seat. I struggled with allowing myself to “run short” less than a 4 hour outing was sorta like, why bother? As you might expect I became, soft in the middle. So, my confession is this; after over 3o years I started to Jazzercise again, I’m back at it. My daughter, Karen, and I go as many mornings as we can. The grandkids have Miss Nina there to watch over them while we “Jazz” and it is amazing fun for all. We’ve been having this kind of sweaty fun since last November and those silly dance moves really helped whip me back into shape, along with stand up paddling. The point of this blog post is to encourage people like myself to keep moving as you go through life and don’t get stuck on what you used to be able to do giving yourself permission to do less than before. Oh, and I haven’t seen a single side pony tail or any leg warmers :)

I Used To Be A Kirkwood Snob

Our family decided to buy two area season passes back in the Summer of 2011 when they are the best value.  We decided that we would buy both Kirkwood and Heavenly passes since we live so close to the “Heave”.  As you probably know, that was the year the Kirkwood was purchased by and made part of the Vail Resort System, the year we didn’t need two passes.  Shoulda known.  Well, we are dyed in the wool Kirkwood skiers and now find ourselves really loving the strengths of both mountains.  Heavenly puts out a great product, even in these dry years.  This video was taken today, not even on a powder day.  There is so much terrain that the diligent can make fresh tracks days after the storm.  Kirkwood does get much greater snowfall and they have overall better coverage right now plus there is still hiking/traversing to be had. I say we have the best of both worlds, two outstanding mountain ski areas within a short drive from home.  Kirkwood, for days when there’s more time for driving, and Heavenly when time is short.  All this to say, Heavenly ain’t so bad after all.

CAR Market Info

This is an article from the California Association of Realtor’s Newsletters that contains some good market info, even though it applies to the entire state we can apply it to our Tahoe Market and I thought you might enjoy it:

Logo of the National Association of Realtors.Home sales fell in January due to five headwinds, most of which will continue to frustrate housing activity until home supply and the positive effects of job growth increase, the NATIONAL ASSOCIATION OF REALTORS® reported.

Existing-home sales fell by 5.1 percent from December to January, to a seasonally adjusted annual rate of 4.62 million — their lowest level since July 2012. January sales were also down 5.1 percent on an annual basis, NAR said.

NAR Chief Economist Lawrence Yun said this winter’s unusually cold weather has delayed some sales until the spring, but cited a number of other factors for January’s slump in purchases.

“We can’t ignore the ongoing headwinds of tight credit, limited inventory, higher prices and higher mortgage interest rates,” Yun said in a statement. “These issues will hinder home sales activity until the positive factors of job growth and new supply from higher housing starts begin to make an impact.”

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