Published October 5, 2020
October 2020
Housing remains the bright spot in the U.S. economy: new house construction numbers are up, home sales are growing nationally and in California, buyer demand remains strong through Halloween. However, COVID cases have started to ramp back up in the past 4 days in California, unemployment remains high, and the lack of houses for sale is the major barrier to buyers today. San Francisco apartment rentals are down 20% as people are seeking single family homes with yards in the suburbs. However, buyers have their limits and they won't just buy anything. In the Alameda single family home sector, 40% of the 35 houses for sale as of 10/31/20 have an average list price of $1.5 million and have been on market on average for 43 days. Alternatively, 60% of the 35 houses for sale as of 10/31/20 have an average list price of $1.2 million and have been on market on average for 6 days. In terms of October sale prices year over year, this year's October average sale price is approximately 1.8% down from last year.
?If you're looking for personal attention with the agent you hired instead of being handed off to an assistant, I'm your Guy. Would you like to know if buyers will love or leave your house? Call me for a no obligation consultation or free house valuation today.
Home showings in California are up 150% over this same time last year making now a great time to sell.
