Nov 11, 2022 – Nov 13, 2022
2023 CALIFORNIA HOUSING FORECAST
The baseline scenario of C.A.R.’s “2023 California Housing Market Forecast” sees a decline in existing single-family home sales of 7.2 percent next year to reach 333,450 units, down from the projected 2022 sales figure of 359,220. The 2022 figure is 19.2 percent lower compared with the pace of 444,520 homes sold in 2021.
The California median home price is forecast to retreat 8.8 percent to $758,600 in 2023, following a projected 5.7 percent increase to $831,460 in 2022 from $786,700 in 2021. A less competitive housing market for homebuyers and a normalization in the mix of home sales will curb median price growth next year.
“With the market shifting as home sales and prices are predicted to temper next year, buyers and sellers are adapting to the new realities of the market,” said C.A.R. President Otto Catrina, a Bay Area real estate broker and REALTOR®. “As sellers adjust their expectations, well-priced homes are still selling quickly. And for buyers: more homes for sale, less competition, and fewer homes selling above asking price, all point to a more favorable market environment for those who were outbid or sat out during the past two years when the market was fiercely competitive.” READ MORE
Will It Be Easier to Buy a Home in 2023?
It’s been a tough year for home buyers. Will things settle down next year?
Key points
- Home buyers have been plagued by sky-high prices and limited inventory this year.
- Things could change for the better come 2023, but it won’t all be smooth sailing.
It’s fair to say that 2022 has been a difficult year to buy a home. We started off the year with housing inventory at an almost ridiculously low. And while real estate inventory has picked up in recent months, we still don’t have enough housing supply to meet buyer demand. That means sellers are continuing to get away with commanding sky-high prices for their homes. And at a time when higher mortgage rates are making borrowing more expensive, that’s not a good thing.
But as rough as it’s been for potential home buyers this year, things could take a turn for the better in 2023. Although buyers might still face some challenges, they might benefit tremendously from having more real estate inventory to choose from. READ MORE
Housing Market 2023: Early Predictions To Know Now
Strong Spring 2023 Market Ahead
Parmon, who is based out of Portland, Oregon, predicts buyers will wake up as early as Jan. 2, 2023, and decide to go home shopping. Generally, Parmon said she sees multiple offer scenarios earlier in the year. This levels out approaching the summer months when inventory increases.
Dorman also agrees early 2023 is likely to see a stronger spring market than the fall market. Prices may stagnant or fall in some markets, but the shifts should be nothing like what we have seen in the late spring and early summer of 2022.
“I think the market will balance out and have a slow ramp up as interest rates lower in late 2023 or even early 2024,” Dorman said. “Of course, this is all a prediction and I don’t have a crystal ball to foresee the future. This is simply an educated guess based on what I see in the market today.” READ MORE
Ralene Nelson, REALTOR®
SOLD – 147 Gardiner Way, Rio Vista
Custom Craftsman Cottage, w/detached carport, 70 ft driveway, workshop & studio on a shy 1/4 acre lot. 3 bedrooms, possibly 4, with 2 baths, painted in vibrant colors. Laminate floors & white blinds bring out the artsy homeowner. The kitchen has painted cabinets & bead board walls/backsplash, and Corian counters with added cabinetry. The main bath has a stall tile shower & separate tub, quartz counters with white cabinets. 2 bedrooms have built-in cabinets & new laminate floors/fans. The family room can be the 4th bedroom/bath and also has a tiled shower. FM also has a wood-burning stove with built-ins. A sunroom can be a great entertaining spot along with the large patio that has room for a built-in kitchen/BBQ. The workshop has a wall air conditioner and a dark room with a grey water sink. The She craft/studio room can be utilized for crafting or potting areas. The homeowner has built numerous planter boxes for the gardener. YES, room for your RV/toys, carport with the garage door. READ MORE
OPEN HOUSE – Saturday 1-3pm
689 Waterwood Dr, Rio Vista
2 bed/2 bath/1,837sqft/5,436sqft lot
$585,000 – Breathtaking views as you step into this beautiful home, located on the 11th green & pond. Popular Reflect model with quartz counters, white cabinets, 5 burner gas stove top & refrigerator are included. Tile floors with carpet in bedrooms. A double-sided gas fireplace makes for a cozy den & living room. The primary bath has double sinks with a walk-in shower with w/bench seating. Shutters throughout the home. Walk out either slider onto the covered patio that is the full length of the home. Small piece of turf for your pet, low maintenance landscape (front & back) & fenced. The backyard is lovely & a great place for a BBQ. Washer/dryer are included & there’s a laundry tub in the garage. Prepaid solar lease, transferrable to the buyer for the remaining years of the lease. Just bring your furniture and enjoy all the amenities, such as 2 swimming pools/spas, bocce ball courts, tennis & pickle ball courts, horseshoes, billiards, a library, a computer room, etc. So many activities to enjoy, you can be as busy as you want or idle. There is a club for just about all your hobbies. READ MORE
OPEN HOUSE – Sunday 1:20-3:30pm
FOR SALE – 1009 Diamante Dr. Rio Vista
2 bed/2 bath/1439st
$465,000 – From curb appeal to beautiful upgrades, this Pebble Beach model is move-in ready. From white cabinets, a granite kitchen with stainless appliances, to wood flooring to plantation shutters, this home is exceptional. 2 Bedrooms & 2 baths have carpet in bedrooms & double doors in the den, making this home very cozy. Upgraded landscaping to drought resistance and a patio with cover. Bring your furniture and join the numerous activities available & take advantage of the amenities your HOA fees include, tennis, bocce, billiards, 2 pools/spas, gym, and more.READ MORE
FOR SALE – 718 Allender Wy. Rio Vista, 3 bd/2 bth/1346sf
$539,999 – Gorgeous home, shows pride of ownership, and has been renovated since purchased. 3 bedrooms & 2 baths with all new flooring/baseboards, interior paint, light fixtures, etc. The kitchen has newly painted cabinets with quartz countertops with an island. Auxillary electric heaters in 3rd bedroom & living room. Whole house water filter with under-the-sink reverse osmosis. The front yard has been totally relandscaped with a new walkway to the front door, with drought-resistant landscaping, a drip system & timer. The driveway extended as well as the sidewalk to the backyard. The backyard has a sprinkler system as well as a patio. Just bring your furniture and enjoy!! Rio Vista is a quaint town located on the Sacramento River, close to SF, Sacramento & bay area. READ MORE
FOR SALE – 295 Sage Meadows Dr. Rio Vista
3bed/3.5bath/2,367sqft/6,669sqft lot
$559,000 – Calistoga model, with private courtyard, located on a corner lot. New interior paint (including garage) & tile/grout cleaned, gives this home a fresh look. Island kitchen with granite tile, black appliances, w/5 burner gas stove top & maple cabinets. Open floor plan makes this a great home for entertaining & the fireplace makes it cozy. Large master bedroom has bay window, upgraded tile in bath (walk in shower & tub). Den has been enclosed as well as another room, so this could be 4 bedrooms. One can be your den, other can be your craft/sewing room. 2nd bedroom has full bath, with courtyard entrance. Laundry room has sink, cabinets & folding space. Full patio & fencing secures this backyard for your family pet. Trilogy offers many amenities, from tennis, bocce, billards, pickle ball, golf, 2 pools & spas and even playground for grandchildren. Just bring your furniture & make new friends.READ MORE
FOR SALE – 623 California St, Rio Vista
2 bed/1 bath/934sqft/4,792sqft lot
$405,000 – Adorable cottage/bungalow, 2 bedroom, 1 bath and has been updated. Larger backyard with patio & raised garden beds for your vegetables. The kitchen has been remodeled & there is an inside laundry & single car garage. Convenient location, walk to town for breakfast, snack, and/or dinner. READ MORE
FOR SALE – 1536 Michigan St. Fairfield
3 bed/2 bath/1,260sqft/4,792sqft lot
$485,000 – This is a great starter or retirement home, close to shopping, Hwy 80 & Amtrack & perfect home for a commuter. This 3 bedroom & 2 bath home has new interior paint, carpets, laminate flooring, light fixtures, dual pane windows, tankless water heater & newer roof & air condenser. Master bath has new vanity & flooring. Kitchen has new flooring, appliances, stainless sink, painted cabinets, & resurfaced counter tops. Home has a large family room, perfect for entertaining. Patio is the length of home. Although 1 car garage, home has carport for at least 2 cars & RV parking on side. Larger lot & drought resistant front yard & shed. Just bring your furniture, home is move in ready. READ MORE
FOR SALE – 731 Turnberry Ter Rio Vista
2 bed/2 bath/1410 sq ft
$434,900 – NO BONDS-Spinnaker mod1:30el with private backyard. This 2 bedroom, 2 bath home feels like a very relaxing cottage for a retirement home. The patio provides a quiet place for morning coffee & afternoon beverage. Den has built-in book/curio shelves & bay window. The Master bedroom has a bay window, which creates room for a sitting area. New hot water heater. Enjoy amenities such as golf, tennis, bocce, pools/spas & a new gym, and more. READ MORE
Super Sunday Fall Festival
SUNDAY AT 11 AM – 5 PM
1055 Azuar Drive,Vallejo
Come join us for Super Sunday Fall Festival! Food & drinks, live music, & artisans!
Come join us for Super Sunday FALL FESTIVAL on Sunday, November 13th at Vallejo Peoples Garden on Mare Island! There will be amazing lineup of food trucks, food & drinks, live music, artisans, and more! The kids will delight in our kids zone and we even have a few surprise characters making an appearance that will be sure to excite!
As a member of the Mare Island’s community, I am so excited to bring this monthly market to the area! Alongside Vallejo People’s Garden and Mare Island’s Global Center for Success we are thrilled to be hosting this market filled with amazing food, drinks, live music, amazing artisans, and thanks to @vpgarden FREE seeds to all attendees! READ MORE
As a member of the Mare Island’s community, I am so excited to bring this monthly market to the area! Alongside Vallejo People’s Garden and Mare Island’s Global Center for Success we are thrilled to be hosting this market filled with amazing food, drinks, live music, amazing artisans, and thanks to @vpgarden FREE seeds to all attendees! READ MORE
Xanadu in Concert
Follow the journey of a magical and beautiful Greek muse, Kira, who descends from the heavens of Mount Olympus to Venice Beach, California in 1980 on a quest to inspire a struggling artist, Sonny, to achieve the greatest artistic creation of all time – the first ROLLER DISCO! (Hey, it’s 1980!) Xanadu is an electrifying tale of endless fun that will keep you in stitches while the legendary, chart-topping tunes lift you out of your seat. BUY TICKETS
Fifth Annual Roc-Fest 2022
Thurs, Nov 10 2022 to Sat, Nov 12 2022
9 W Locust Street, Lodi
- Highwater Brewing Co: Thursday from 6-9pm, Friday from 5-10pm & Saturday from 1-10pm
- 5 Windows Beer Co: Friday from 5-10pm & Saturday from 1-10pm
- Ollie’s Pub (21+): Saturday from 6pm-12midnight
This November’s Fifth Annual ROC-fest 2022 (previously known as RocVemberfest) on Veteran’s Day weekend is a fantastic music festival held at three convenient locations in Lodi in order to honor our United States Veterans!
This year’s ROC-fest 2022 will span from THURSDAY night, November 10, through SATURDAY night, November 12, and raise funds for the highly respected Mighty Oaks Foundation (www.mightyoaksprograms.org), whose National Director of Development, Kevin Knutson, is a U.S. Marine veteran and Lodi native. READ MORE
The Lodi Reptile Show
Sat Nov 11 – Sun Nov 12
Lodi Grape Festival 413 E Lockeford St Lodi, CA 95240
Lodi Reptile show is happening again! Sat and Sun November 12, 13 2022 Come and join us, 1000’s of reptiles, amphibians, invertebrates, supplies and MORE!! Admission $15 Adults, $7 Kids (Age 6-12), Kids 5 years and under are FREE!! Also FREE PARKING!! (Please leave your pets at home) READ MORE