California Housing Market Report

Both Realtors, investors, home buyers and renters across California continue to wait in limbo for the 2024 California housing market to unfold. Is this spring the “inflection point” the media have touted for markets?

California Realtor Sentiment in December. Screenshot courtesy of

Is this the year, frustrated buyers will finally have the opportunity to buy, or will rising home prices leave them all behind? While mortgage rates and payments declined in December, home and condo prices climbed slightly. And as the charts below reveal, active listings are weakening. Despite growing optimism in consumers, the properties simply aren’t there nor affordable.  WEBSITE

Realtors Expect More Movement in the Housing Market in 2024

Homes for Sale

The California Association of Realtors predicts that 2024 will be a better year for the California housing market for both buyers and sellers.

According to Manage Casa, a property management software company, 2024 is expected to bring falling mortgage rates, rising prices, economic expansion, and demand for homes in California.

The California Association of Realtors predicts that 2024 will be a better year for the California housing market for both buyers and sellers.

According to Manage Casa, a property management software company, 2024 is expected to bring falling mortgage rates, rising prices, economic expansion, and demand for homes in California.

“We anticipate that 2024 is going to be another solid year in real estate. There’s much demand in San Luis Obispo County,” said Bryn Britton, a broker associate for Richardson Sotheby’s…WEBSITE

2024-2028 Housing Market Predictions:
A Gradual Thaw With Added Challenges

As mortgage rates slowly fall, more buyers and sellers will enter the market, but housing prices should stabilize.

Over the next five years, although some trends accelerated by the COVID-19 pandemic will continue to influence real estate and land use, other factors will also gain in importance. Among those are an aging population, the rising costs of climate change, a more unstable world and the expansion of artificial intelligence into new corners of the economy. As a consequence, even if the housing market gradually unfreezes as mortgage rates slowly decline from 2023’s highs, the hottest housing markets in 2028 may look a bit different from early 2024.

This is based on data sourced from several authoritative sources, including the U.S. News Housing Market Index, an interactive platform providing a data-driven overview of the housing market nationwide.
Key Findings:

  • After falling to a 28-year low in 2023, existing home sales will gradually rebound as mortgage rates decline.
  • With home prices holding onto their gains due to lack of supply, true price discovery will occur as lending rates fall and more homes are listed for sale.
  • Sales of newly built homes will hold their elevated market share due to builders’ ability to buy down mortgage rates plus pent-up housing demand.
  • Rents will stabilize due to added supply and more closely track inflation rates… WEBSITE

Ralene Nelson, REALTOR

FOR SALE – 718 Allender Way, Rio Vista
3bed/2bath/1,346sqft5,306sqft lot

 $535,000 – As you approach this gorgeous home, it radiates pride of ownership. The driveway has been extended with new concrete on both sides of the home. New exterior paint with newer drought-resistant landscaping w/new walkway to front door & drip system w/timer. As you step inside, the home has new interior paint, baseboards & LVP flooring throughout. The kitchen has painted cabinets with quartz counters, a stainless sink & refrigerator. Then step out to the newly landscaped backyard w/new patio, custom pergola, 8 X 12 pool, security fence & all new perimeter fencing, as well as french drains from back to front. The primary bath has painted cabinets, new mirrors & light fixtures. His & Her closets with a barn door that provides bath privacy. The home has all-new light fixtures, hardware, a whole house fan, water filtration & softener, & reverse osmosis, and electric vehicle chargers. Just bring you furniture & enjoy this move-in ready home and bask in the sun with a BBQ. Room for RV parking. A solar lease is only $89 a month, 25 yr lease & transferable. Just bring your furniture and enjoy!! Rio Vista is a quaint little located in the heart of the Delta, close to San Francisco, wine country, and Sacramento. Enjoy water sports, fishing & duck hunting. MORE INFO

PRICE CHANGE – 500 Coronado Way, Rio Vista
2 bed/2 bath/2,048sqft

PRICE CHANGE $527,000 – Don’t miss out on this stunning Burlingame model, located on a corner lot with minimal exposure to rear neighbors. The entrance has been upgraded with stamped/dyed concrete as well as, the 2 rear patios. This home has great curb appeal, & as you step inside, you can feel the warmth from the soft decorating neutral tones & plush carpet. The flex space provides you with additional room for entertaining, both for seating & dining and the gourmet kitchen equipped with stainless appliances for the chef includes an island for bar stools & sink. Extra counter space also provides as excellent spot for a buffet or displaying your treasures. This home has a nook for casual dining & space for a formal dining room table, as well as a den/study. The gas fireplace with w/upgraded mantle in the great room makes for a cozy room too. The primary suite is larger than most and accommodates a king bed with ample room around. Slider to private patio w/privacy screen provides a cozy spot for morning coffee/nightcap. The primary bath has double sinks, a walk-in shower & walk-in closet. The 2nd bedroom is located in front of the home, this provides privacy for both guests & homeowners. Move-in ready, just bring your treasures and join the fun in this Active Adult Community. 2 pools/spas, tennis courts, bocce ball, and billiards. READ MORE

FOR SALE – 659 Pinehurst Dr. Rio Vista
2 bed/2 bath/1,410sf/5,397sf lot

$420,000 – Located in the Active Adult Community, Trilogy at Rio Vista, don’t miss this move-in ready Spinnaker model, freshly painted, and no Bonds! 2 bedroom, 2 bath with den and private back yard provides the perfect retirement home or makes a fabulous rental. The living space has engineered wood flooring, & laminate flooring in the kitchen & baths, and wood blinds throughout. The kitchen has freshly painted cabinets, corian counters/sink, stainless 5 burner stove, refrigerator & dishwasher. The laundry room has a folding area with cabinets above & below and, a washer/dryer convey. Just bring your furniture & start to enjoy all the amenities; 2 pools/spas (outdoor & indoor), tennis/pickle ball & bocce ball courts, billiards, computer room, full gym & golf course. Join the theatre groups, bands, exercise classes, card groups & more. The development also has a restaurant & cafe!! READ MORE

1.935ac Poppy House Rd. & Norman Richards Dr. Rio Vista

$410,000 – Zoned Commercial, No Cannabis. Contact Ralene Nelson at Re/Max Grupe Gold | BRE# 01503588 | 707.334.0699 | 107 Main St. Rio Vista. WEBSITE

Events in Northern California this Weekend
Davis Chocolate Festival with A2B
Sun, Feb 4, 10 PM
Odd Fellows Hall, 415 2nd St, Davis, CA

Chocolate!!!! What could be sweeter?!? According to Bazooka plays the Davis Odd Fellows stage surrounded by everything chocolate. Enjoy an upbeat show of music while exploring this fantastic festival. The Davis Odd Fellows are bringing back the Davis Chocolate Festival on Feb. 4th. Both floors of our Hall will be filled with vendors handing out chocolate samples and selling their goodies too. Loads more. Tickets are only $10! WEBSITE

Downtown Napa Wine Crawl Comedy Show
Sun, Feb 4, 12:15 – 3:15 PM
Rebel Vintners, 1201 1st St, Napa

Downtown Napa Wine Crawl & Comedy Show is happening on Sunday,February 04,2024 at 12:15PM PST at Rebel Vintners.

To access further details about this event, Click on the provided website link. Moreover, if you’re interested in exploring similar Comedy events like this in and around Napa you can download the UNATION app or visit the UNATION website, where you can discover thousands of events. UNATION also curates guides around the best things to do in a number of metros around the country. WEBSITE

Lodi’s Wine & Chocolate Weekend
Fri, Feb 2 – Sun, Feb 4
Lodi Wine and Chocolate, 2545 W Turner Rd, Lodi

Join the Lodi Appellation’s winegrowers as we celebrate the annual Lodi Wine & Chocolate Weekend
Indulge in handcrafted Lodi wines and delicious chocolate treats as you embark on a self-guided tour between more than 30 participating wineries!
Enjoy excellent Lodi wines, delicious chocolate treats, and warm welcomes Feb 2-4, 2024.
Evening Experiences – $125 Per Person
FEBRUARY 2, 2024 Select wineries invite you out for an intimate evening. Experiences vary and space is limited! Start the weekend off right with this exclusive opportunity to mingle with winemakers and other wine lovers. WEBSITE

Six The Musical
Sat, Feb 3, 1:30 – 5:30 PM
SAFE Credit Union Performing Arts Center, 1301 L St, Sacramento

“A riotous explosion of wit that speaks strongly and vibrantly to today. ALL HAIL!”
-VogueFrom Tudor Queens to Pop Icons, the SIX wives of Henry VIII take the microphone to remix five hundred years of historical heartbreak into a Euphoric Celebration of 21st century girl power! This new original musical is the global sensation that everyone is losing their head over!SIX has won 23 awards in the 2021/2022 Broadway season, including the Tony Award® for Best Original Score (Music and Lyrics) and the Outer Critics Circle Award for Best Musical. WEBSITE

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