An Announcement from Christina!
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California and Arizona!!!
I am excited to announce my real estate licensure in both CA and AZ to better serve you - my clients!
In addition to working in the Bay Area, I am working with our Arizona COMPASS affiliate brokerage, Launch Powered by COMPASS, based in Scottsdale.
The beautiful greater Scottsdale area and surrounding communities are very familiar to me having lived in Scottsdale and vacationed in AZ for many years.
If you are considering a move, a second home purchase, an investment property, or have questions about the California and Arizona markets, feel free to reach out to me anytime.
Let's collaborate on the best real estate purchase(s) to consider for your portfolio!
My offices are located in
Danville, CA & in Scottsdale, AZ.
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Saint Patrick's Day is Sunday, March 17!
"Never iron a four-leaf-clover as you don't want to press your luck."
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The real estate market continues to evolve.
Here are insights into the latest national real estate market data.
Have questions? Please let me know!
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Interest rates are well below those seen late last year, but have
started ticking up in mid-February.
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Through February 22nd, stock markets have continued to rebound dramatically, deeply impacting household wealth - especially among more affluent buyers.
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Having plunged from its peak in mid-2022, the inflation rate has not dropped as quickly as expected in recent months, a big factor in mortgage interest rates.
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As a percentage of total sales, the share of transactions being completed
by buyers paying all cash has continued to climb.
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Median home sales prices rise and fall to seasonal supply and demand dynamics, and January prices mostly reflect the slow December market. Still, U.S. house and condo/co-op prices were up 5% & 5.7% respectively year-over-year.
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Home sales by price segment: Higher-price segments have recently seen
by far the largest year-over-year increases in sales.
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Median house prices in selected U.S. metro areas. "Metro areas" typically
consist of large, multi-county regions.
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And a look at the approximate income required to buy a median-priced house in various U.S. metro areas, based on a 20% downpayment.
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As the new year's market wakes up, the number of new listings is spiking,
but, so far in 2024, not enough to meet the acceleration in buyer demand. Since mid-2022, listing activity has plummeted due to the mortgage lock-in effect, but many analysts predict higher listing volumes this year.
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As always, it would be my privilege to serve you in the best way possible.
Please reach out if I can be of assistance
to you or your family, friends and colleagues.
--------------------------------------------------
For the second year in a row,
COMPASS is the #1 Real Estate Brokerage in the United States
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Offices in the SF Bay Area and
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National and regional statistics are generalities, essentially summaries generated by thousands of unique, individual listings and sales occurring across different market segments. They are best seen not as precise measurements, but as broad, comparative indicators with reasonable margins of error. Anomalous fluctuations in statistics are not uncommon, and last period data should be considered preliminary estimates which may be revised in future updates. Different analytics programs sometimes define standard statistics differently - such as "active listings," "days on market," and "months supply of inventory": What is most meaningful are not specific numeric calculations but the trends they illustrate. Data from sources deemed reliable, but may contain errors, and subject to revision. All numbers to be considered approximate, and how these analyses apply to any particular property is unknown without a specific comparative market analysis.
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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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