What’s New?
March Sales and Price Report…The lowest interest rates in more than a year boosted California’s housing market and kept home sales level in March after an exceptionally strong performance the previous month. Existing, single-family home sales totaled 397,210 in March on a seasonally adjusted annualized rate, down 0.2 percent from February and down 6.3 percent from March 2018. After hitting the lowest level in 12 months in February 2019, the statewide median home price bounced back and reached the highest point since October 2018, up 5.9 percent to $565,880. (California Association of Realtors)
What’s New?
While the nation’s median home sale price rose about 4% year over year in January 2019, the principal-and-interest mortgage payment on that median-priced home increased almost 11% because mortgage rates rose by half a percentage point over that period. However, rates continued to ease after January this year and some mortgage rate and home price forecasts suggest payments will rise at a much slower pace through 2019, which should help fuel sales. (Corelogic)
While the nation’s median home sale price rose about 4% year over year in January 2019, the principal-and-interest mortgage payment on that median-priced home increased almost 11% because mortgage rates rose by half a percentage point over that period. However, rates continued to ease after January this year and some mortgage rate and home price forecasts suggest payments will rise at a much slower pace through 2019, which should help fuel sales. (Corelogic)
What’s New?
The National Association of Realtors®‘ Pending Homes Sales Index rose 3.8% from February to March, breaking a 15-month streak of straight drops. At 8.7%, the West saw the largest spike in sales while the South (4.4%) and the Midwest (2.3%) also saw significant growth. The Northeast, meanwhile, is still down at 1.7%. (NAR)
The National Association of Realtors®‘ Pending Homes Sales Index rose 3.8% from February to March, breaking a 15-month streak of straight drops. At 8.7%, the West saw the largest spike in sales while the South (4.4%) and the Midwest (2.3%) also saw significant growth. The Northeast, meanwhile, is still down at 1.7%. (NAR)
Featured Properties
3345 Betty Lane, Lafayette, CA 94549
4 Bed | 2 Bath | $1,350,000 | The Julie Whitmer Team
Fantastic views and charming white picket fenced in Lafayette Valley Estates. Four bedroom, two bath, hardwood floors, renovated kitchen with white cabinets, granite countertops, stainless steel appliances. Recently renovated gorgeous master suite with Restoration Hardware finish. Amazing yard with deck dining, paver patio, abundant rose garden with potting greenhouse. Close to trails and all the perks of downtown Lafayette living!
3017 Ludell Court, Walnut Creek, CA 94597
3 Bed | 2 Bath | $759,000 | Compass Listing
Charming 3 bed, 2 bath home on quiet cul-de-sac in convenient location close to BART, trail and shopping. Great home with hardwood floors, updated kitchen and bathroom. Gardener's paradise front and back with mature oaks, new sod, RV parking and planter boxes.
5576 Satinleaf Way, San Ramon, CA 94582
4 Bed | 4.5 Bath | $2,088,000 | Compass Listing
4 Bed | 4.5 Bath | $2,088,000 | Compass Listing
Beautiful executive home at the prestigious Bridges Pointe. The dramatic entry courtyard leads to a stunning foyer and living room making this home ideal for entertaining. This stunning home lives like a single story with a luxurious first floor master suite, guest suite and office. The large chef’s kitchen boasts Thermador appliances, built-in refrigerator, large center island, abundant cabinetry and separate pantry. The family room adjoins the kitchen and features additional cabinetry and desk space, fireplace and high ceilings. A separate office/den and additional loft space provide all the functionality for the active lifestyle . Solar system (owned) and electric vehicle charger.
1400 Lawndale Road, Kenwood, CA 95452
4 Bed | 4 Bath | $4,895,000 | Compass Listing
4 Bed | 4 Bath | $4,895,000 | Compass Listing
This stunning example of thoughtful architecture rests within a special environment, quiet and private, with distant views. An open-air atrium is the focal point of entry, with entertaining and living rooms on one side and sleeping rooms on the other. The kitchen is perfect for the chef, whether by profession or passion. All appliances and cabinets were placed for active kitchen use, but also to allow for unobstructed views outdoors. The guest house is tucked into the hillside away from the main house and has a curved wall of windows, living green roof, full kitchen and bath. Multiple decks, a heated pool, & walking trails complete this escape from modern life.
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Compass is a licensed real estate broker (01991628) in the State of California and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.