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Displaying blog entries 1-10 of 18

Eureka California Home Sales in April 2012

by Dean Kessler

 

April 2012 had an 11% increase over April 2011 as far as the number of homes sold here in the Eureka area. That's a really nice increase. The average home selling prices have not increased, yet showing activity, buyer activity, offers being written and seller accepting offers have continued to increase. Interest rates remain low and hover between 3.75% and 4%.
The number of homes for sale has increased with sales volume. In the Eureka area there are 188 homes for sale, 97 of which are priced under $250,000.

 

 

 

 

 

 

 

Eureka California Home Sales in February 2012

by Dean Kessler

Real estate sales for Eureka California remained consistent as we tumbled into February 2012. The number of homes sold in February was similar to those sold in January. Yet the number of homes that are presently under contract are 150% more than we had in January. March and April will be very busy as we work hard to bring these offers to closings.

Home buying activity is again led by the First-Time homebuyers, with Move-Up home buyers and Investor buyers remaining very active. I have noticed a trend developing with the type of real estate Investors are pursuing. Many entry level homes readily cherished by First-Time homebuyers are now being aggressively pursued by Investor home buyers. Homes for sale in the lower price point are now receiving multiple offers after being on the market for a short time. Case in point, witnessed a home  receive 8 offers after being on the market for 5 days. Majority of those offers from investors flush with cash. 

My counsel to First-Time home buyers, or any home buyer; to compete in this market, you must have a loan pre-approval letter from your lender of choice, period. Loan pre-qualification letters are not up to the task (if you're not sure of the difference, shoot me an email). With a loan pre-approval letter, a homebuyer is more competetive when faced with a multiple offer scenario.

For home sellers there remains great news. We continue below the two year moving average of homes available for sale. For active home sellers, there is less competition for home buyers. And home buyers are out in force with interst rates below 4%. These home buyers have seen the existing inventory and are anxious for new inventory to choose from.

Eureka California Home Sales in January 2012

by Dean Kessler

Home sales in Eureka California have remained consistent as we moved into February 2012. The Humboldt Association of Realtors MLS System reports the number of homes under contract increased 150% from January to February. These are homes with offers not yet sold, so as we move into March we should see even more Sold homes. This is a positive sign and many experts believe we are heading for a more stable housing market. Interest rates remain at all time low's hovering around 4%.

One of the most interesting trends I'm watching is the number of homes for sale which had dipped below it's 2-year moving average back in December 2011. Today our available inventory remains below this 2-year average. This means there are fewer homes for buyers to choose from. Less inventory means more activity for the available homes. The reason I'm sharing this with you is because it confirms a trend that our local real estate market activity is on the rise and I believe their is a high probability this trend will continue throughout 2012.

Thinking of buying or selling a home? Home prices are stabilizing and interest rates are at their lowest levels in 50 years.

CNN Money - Eureka Best Place To Live!!!

by Dean Kessler

Dean Kessler, The Kessler Team, was recently interviewed by CNN Money!!!

August Real Estate Trends

by Dean Kessler

Hot Properties This Week

by Dean Kessler

2301 Fairfield Street, Eureka- A lovely Victorian needing a new owner who appreciates the character of wide moldings, the spaciousness of large rooms with tall ceilings, the light from large windows and the charm of gingerbread trim work. All the hard remodeling work has been done and now it’s time for a fresh decorating approach. The home sits on the north side of an over sized lot providing a large south facing yard for gardens or play area. There’s even a large deck to extend your living area. There is a large detached shop which had been an unpermitted MIL unit and would make an awesome artist studio. Current Price $245,000

BACK ON THE MARKET - 3089 18th Street, Eureka - Cute ranch home offers great location, privacy and mature landscaping. Step into gated courtyard, enjoy the sunny spots. Rear yard has patio area with sliding doors from dining room & master bedroom. Lush shrubs and majestic maples add to the serenity. Inside find vaulted ceilings, wood stove, skylights, tile entry & open kitchen with island. Current Price $250,000

For more information on these two great properties email kristi@thekesslerteam.com or call 707-601-5704.

Hotlist of Homes

by Kristi Machado

Humboldt County Homes on the Market Now!

We just wanted to make sure you see some of the great homes that have recently come on the market. If you would like to get more information on any of these properties please call (707) 441-1765 or email Kristi@thekesslerteam.com

ID# 230804 – MCKINLEYVILLE, 3BD/2BA - $279,900

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230804 

ID# 230797 - EUREKA, 2BD/1BA - $199,900

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230797

ID# 230798 - FORTUNA, 2BD/1BA - $160,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230798 

ID# 230799 – EUREKA, 3BD/2.5BA - $259,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230799 

ID# 230806 – EUREKA, 3BD/2BA - $300,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230806 

ID#230792 – MCKINLEYVILLE, 3BD/2.5BA - $300,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230792 

ID# 230772 – EUREKA, 3BD/2BA - $249,900

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230772 

ID# 230793 – ARCAA, 3BD/1BA - $280,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230793

ID# 230657 – HUMBOLDT HILL, 3BD/2BA - $249,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230657

ID# 230742 – EUREKA, 3D/2BA - $234,432

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230742 

Hotlist of Homes

by Dean Kessler

Humboldt County Homes on the Market Now!

We just wanted to make sure you see some of the great homes that have recently come on the market. If you would like to get more information on any of these properties please call (707) 441-1765 or email Kristi@thekesslerteam.com.

ID# 230652– EUREKA, 2BD/1BA - $169,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230652

ID# 230650 - MANILA, 2BD/1BA - $164,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230650

ID# 230614 - EUREKA, 2BD/1BA - $195,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230614 

ID# 230623 – EUREKA, 3BD/2BA - $199,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230623

ID# 230610 – MCKINLEYVILLE, 2BD/1BA - $150,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230610 

ID#230601 – EUREKA, 3BD/2BA - $169,500

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230601

ID# 230471 – EUREKA, 3BD/1BA - $169,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230471

ID# 230586– EUREKA, 2BD/1BA - $199,000 http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230586

ID# 230553 – EUREKA, 2BD/1BA - $199,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230533

ID# 230561 – EUREKA, 2D/1BA - $139,900

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230561

 

Market Conditions Report

by Dean Kessler

This month’s numbers reveal a market in transition—the question is, where is it going?

              The good news! Historically low inventory of homes for sale, a 39% increase in the number of pending home purchases and a whopping 59% increase in the number of homes sold. Wow! And much of this actrivity is being fueled by the first time home buyers taking advantage of historically low interest rates and the $8500 federal tax credit. The State is introducing a $10,000 tax credit for homebuyers.

The bad news! The $8500 tax credit expires the end of April. This month we saw interest rates creep up over 5%. There is a lot of international pressure on the Fed to bring rates up to stem inflation.

The ugly news! The number of homes going into pre-foreclosure continues to grow, up 150%. If these homes where to enter the market they would put tremendous downward pressure on home prices.

Is this the right time to sell? Yes! How much longer we will have to wait for home prices to stabilize? I’m thinking 2015 minimum! How much further will home prices drop? My 8-ball isn’t giving me an answer, thanks Kaci.

Dean

 

This Weeks Hotlist of Homes

by Kristi Machado

Humboldt County Homes on the Market Now!

 

We just wanted to make sure you see some of the great homes that have recently come on the market. If you would like to get more information on any of these properties please call (707) 441-1765 or email Kristi@thekesslerteam.com.

ID# 230450– EUREKA, 4BD/2BA - $272,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230450

ID# 230415 - FORTUNA, 3BD/1BA - $156,125

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230415

ID# 230418 - FORTUNA, 3BD/2BA - $285,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230418

ID# 230420 – EUREKA, 3BD/1BA - $210,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230420

ID# 230421 – EUREKA, 2BD/1BA - $225,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230421

ID#230399 – EUREKA, 3BD/2BA - $254,900

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230399

ID# 230388 – EUREKA, 2BD/2BA - $198,500

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230388

ID# 230322– EUREKA, 2BD/1BA - $209,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230322

ID# 230396 – EUREKA, 3BD/2BA - $250,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230396

 

ID# 230431 – EUREKA, 3BD/1BA - $240,000

http://www.youreurekahomesource.idxco.com/idx/4363/details.php?idxID=283&listingID=230431

 

 

Displaying blog entries 1-10 of 18

 CA Department of Real Estate #01313330