Mariposa County Real Estate Newsletter May 2015

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May Mortgage Rate
CAL Vet 3.96% APR & VA Loans 3.75% APR*

•** Mariposa medium home price is up 10% month to month from $250,000 to %275,000, & up 11.9% year to year. The year-over-year sales increase was the first back-to-back sales gain since December 2012 and the largest observed since May 2012. The statewide sales figure represents what would be the total number of homes sold during 2015 if sales maintained the March pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
• While housing supply has been improving in real terms in recent months, the demand for housing continued to grow at a faster pace than that of inventory.

• Properties typically stayed on the market for 68 days in April, down from 73 days in March with a 3 day increase from a year ago.
Sources
http://www.calvet.ca.gov/HomeLoans
http://www.realtor.org
http://www.bankrate.com
http://www.crmls.org
*percentages fluctuate with the market, contact a local mortgage broker for up to date information.
**Information was up to date at time of print. Contact Bryce Battershell or a local Realtor for updated information.

SELLERS MARKET

It is widely accepted in the Real Estate World that:

0-4 months of inventory is a “Seller’s Market”

5-7 months inventory is a “Balanced Market”

8-12 or more months of inventory is a “Buyer’s Market”

So with that as a guide in Mariposa County with 3months of inventory we are in a “Sellers Market”.  Chart is from http://www.movoto.commayinventory

Need help with understand what your options are in either selling or buying please contact us at Mariposa Real Estate

Your home value can looked at www.mariposahomevalues.co

Mariposa County Real Estate Newsletter April 2015

Tags

, , ,

April Mortgage Rate

CAL Vet & VA Loans 3.75% APR*

  • ** The median existing-home price for all housing types in February was $202,600, which is 7.5 percent above February 2014. This marks the 36th consecutive month of year-over-year price gains and the largest since last February (8.8 percent).
  • With all indications pointing to a rate increase from the Federal Reserve this year – perhaps as early as this summer – affordability concerns could heighten as home prices and rents both continue to exceed wages
  • Properties typically stayed on the market for 62 days in February, down from 69 days in January and unchanged from a year ago. Short sales were on the market the longest at a median of 120 days in February, while foreclosures sold in 58 days and non-distressed homes took 61 days. Thirty-four percent of homes sold in February were on the market for less than a month.

Sources

http://www.calvet.ca.gov/HomeLoans

http://www.realtor.org

http://www.bankrate.com

*percentages fluctuate with the market, contact a local mortgage broker for up to date information.

**Information was up to date at time of print. Contact Bryce Battershell or a local Realtor for updated information.

BUYER’S MARKET

It is widely accepted in the Real Estate World that:

0-4 months is a “Seller’s Market”

5-7 months is a “Balanced Market”

8-12 or more is a “Buyer’s Market”

So with that as a guide in Mariposa County with 28 months of inventory we are still in a “Buyer’s Market”.

aprilinventoryChart is from http://www.movoto.com

For additional Market inside Contact Bryce Battershell at Mariposa Real Estate

Find your home value in Mariposa, CA