Real Estate 2023: The Trends That Are Coming and Going
Nearly half (49%) of respondents across the U.S. said they would be motivated to move somewhere new for a more affordable cost of living.”
What other trends are storming the real estate market in 2023 and which are on their way out? Let’s have a look.
- In: Pre-Construction Purchases
- Out: Personalized Offer Letters
- In: Single Family Homes
- Out: 20% as a Down Payment
- In: Multiple Offers
- Out: Appraisal Gap Coverage
- In: Price Stabilizing
- Out: Sight-Unseen Offers
Is March 2023 a Good Time to Buy a House?
More than 60% of U.S. renters say they’d buy a home if their lease ended this month. But is March 2023 a good time to buy a home?
We think it is.
Our latest Homebuyer.com When Should I Buy A Home video shows:
- First-time home buyers are getting discounts as mortgage rates climb
- Home values avoided a crash and are starting to climb again
- Home sellers are giving in to home buyer demands
This article reviews the March 2023 housing market for first-time buyers and supports why now is a good time to buy your first home and pre-approve your mortgage.
Is Now a Good Time to Sell Your Home?
If you are serious about selling your home now, don’t get greedy with the asking price.
This is still a seller’s home market as there simply aren’t enough affordable homes for sale in many parts of the country.
But with average 30-year mortgage rates above 6%, buyers are much more price-sensitive than they were a year ago. Agents and brokers say the price is the most important thing for sellers to worry about right now. Pricing it too high a year ago often didn’t backfire as prices were surging broadly. Doing that now could scare off many buyers in a vastly different market.
Agents and housing economists say homeowners trying to sell now need to accept they are probably not going to get the same price their neighbor did early last year when mortgage rates were hovering around 3%.
About 25% of homes sold above list price in December 2022…
Ralene Nelson, REALTOR®
JUST LISTED – 1392 Lichen Ct, Concord
4 bed/3 bath/1,761sqft/7,980sqft lot
$950,000 – Look no further, as you enter this beautiful move-in ready home, you know this is the one, & it is located in a well-established neighborhood & close to shopping. Double front doors welcome you to this cheerful home that includes 4 bedrooms, 3 full baths, and features a bedroom & bath on the main floor. This is perfect for a nanny or family member living with you. The home has new interior paint and new LVT plank flooring/carpet throughout. The kitchen was refreshed with open space with newer cabinets, granite tile counters, a sink, a built-in oven/electric cooktop, a garden window & sliding door to the patio. The chef will be delighted with the walk-in pantry. The kitchen/den features a mobile prepping block with storage. Also, the upstairs hall bath was remodeled to include a new tub/shower & tile floor. The majority of light fixtures are new & fireplace has a pellet stove insert. RV/boat parking, storage shed & backyard can accommodate a swimming pool/spa. The backyard has a few fruit trees & room for a garden/play area. Room for a large BBQ with all your family & friends. This home has so much potential for the next homeowner. Solar leased 3/2020 for 25 yrs. Don’t miss out!! READ MORE
OPEN HOUSE – Sunday 1:30 – 3:30 pm
NEW PRICE – 307 Birch Ridge Dr, Rio Vista
2 bed/2 bath/1,154sqft/4,321sqft Lot
NEW PRICE $415,000 – Updated Carmel model, in the active adult community of Trilogy. Just bring your furniture to this lovely 2 bedroom, 2 bath home with prepaid solar. Sellers have just finished with new interior paint, laminate flooring w/wider baseboards throughout, & painted cabinets. The kitchen has white cabinets, granite counters, an electric stove top, stainless appliances & 2 pantries. The primary bedroom closet has a built-in organizer & 2nd bath has a walk-in tub w/shower over. The laundry room has additional storage, & 55-gallon hot water heater. Shutters throughout make this a very cozy home. Fenced backyard for your pet and patio with all-weather cover. This makes for a cozy backyard and you are within walking distance of the dog park & path around the lake. Water softener & reverse osmosis. This community offers many amenities & social clubs, such as tennis, bocce ball courts, pickleball, a beautiful gym overlooking the golf course, 2 swimming pools & spas, billiards, & computer room. Have coffee or lunch in the cafe & lunch/dinner at the Monarch Restaurant. Various clubs such as cycling, RV, dancing, drama & more. Refrigerator, washer/dryer convey with sale. READ MORE
PENDING SALE – 623 California St, Rio Vista
2 bed/1 bath/934sqft/4,792sqft lot
Price Reduced to $315,000 – Adorable cottage/bungalow, 2 bedrooms, 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 – 295 Sage Meadows Drio Vista
FOR SALE – 731 Turnberry Ter Rio Vista
2 bed/2 bath/1410 sqft
$410,000 – NO BONDS-Spinnaker model 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
OPEN HOUSE – Saturday 1:00 – 3:00 pm
FOR SALE – 710 Pinehurst Dr. Rio Vista
NEW PRICE $445,900 – Solar owned & No Bonds!! Can’t get much better, this Hatteras model located in the Rio Vista Active Adult Community, Trilogy, offers drought-resistant landscaping & cozy backyard. Start the day with coffee on the patio & watch the sunset on the front porch. This home has 2 bedrooms, 2 baths with blinds throughout. The home has a living room/dining room combo and a family room/kitchen with tile floors in the kitchen/nook. Full patio with cover & is very private. The laundry room has a sink, washer/dryer convey with the sale, as well as refrigerators. Walking distance to Delta clubhouse, pro shop & Monarch Restaurant. Trilogy offers 2 swimming pools/spas, a cafe & restaurant, tennis courts, bocce ball courts, pickle ball, billiards & more. Just bring your furniture and enjoy your retirement life. READ MORE
OPEN HOUSE – Saturday 1:30 – 3:30pm
NEW PRICE – 689 Waterwood Dr, Rio Vista
2 bed/2 bath/1,837sqft/5,436sqft lot
NEW PRICE $550,000 – 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 – Saturday 1:00 – 3:00 pm
FOR SALE – 181 Cedar Ridge Dr. Rio Vista
2 bed/2 bath/1,433sqft
Events in Northern California this Weekend
Walnut Creek Bead & Design Show
Fri, Mar 3, 10 AM – Sun, Mar 5, 1 PM
Concord Plaza Hotel – Walnut Creek, 45 John Glenn Dr, Concord, CA
Everyone is welcome –bohemians, designers, and bead collectors. Explore the handmade arts, and visit 150 artisan shops, exhibits, galleries, and workshops under one roof. Relax at the bar —socialize with other artful-minded souls —or watch designers and craftspeople demonstrate their work.
Shop and buy direct from the source at prices that eliminate the middleman –one-of-a-kind accessories including art jewelry, gems, lampwork beads, vintage and upcycled clothing, eco-dyed fabrics, handwoven textiles, embellishments, resources, and mixed media.
- 25,000 ft2 of exhibit space with 150 exhibits
- Workshops offered daily at all skill levels.
- $10 admission at door, $8 advanced tickets.
- Room block at Concord Plaza for $119/night! Please email Maritza.email@example.com for reservations.
- Free parking — see details.
- Preview Show Brochure! READ MORE
2023 Capitol Beer Fest
Sat, Mar 4, 12 – 4 PM
Bank of the West Tower, 500 Capitol Mall, Sacramento, CA
If you’d like to join our mailing list to keep up on announcements and sales, you can contact us.
Last, but certainly not least, please remember everyone working the event is volunteering to support local youth fitness programs. So let’s all get along and have a good time! READ MORE
Swing Into Spring
Sun, Mar 5, 2 PM
Hutchins Street Square Box Office, 125 S Hutchins St # A, Lodi, CA
Featuring Lodi Community Band performing:
- Big Band Spectacular (Arranged by Jack Bullock)
- Embraceable You (George & Ira Gershwin; arranged by Warren Barker)
- Satchmo! (Arranged by Ted Ricketts)
- Caravan (Arranged by Richard Saucedo)
- Stardust (Arranged by Warren Barker)
- Mancini! (Henry Mancini; arranged by Stephen Bulla)
Trilogy Jazz Band
Rio Vista, California
FREE admission and parking
Craft & Crab Feast
Sat, Mar 4, 6 – 9 PM
Five Suns Brewing, 626 Main St, Martinez, CA
March 4, Saturday
6 p.m Social Hour
7 p.m Dinner
Five Suns Brewing, 626 Main Street, Martinez, CA 94553
- All-you-can-eat crab
- 2x Five Suns beers, wine or beverage of your choice