27 Real Estate Statistics You Should Know
1. People under 35 years old make up 35% of homeowners.
Slightly more than one-third of homeowners are under 35 years old. This demographic includes newly married couples and people with young children. These buyers are probably seeking starter homes or new constructions to fit into their budget.
2. The average price of luxury homes has fallen by 1.6% between 2018 & 2019.
The average price of luxury homes fell to $1.5 million nationwide in Q1 of 2019—down from 1.6 million in Q1 2018. This represents a decrease of 1.6% in the prices of luxury homes overall from coast to coast. For buyers in the home for a high-end property, now would be a good time to purchase.
3. More than 78% of homeowners are 65 years old or older.
More than two-thirds of homeowners in the U.S. are 65 years or older. While this number has decreased over the past 20 years, this means that a large portion of sellers of pre-existing home are of retirement age, likely seeking to downsize.
Ralene Nelson, REALTOR®
#OPENHOUSE on Saturday, Mar 7, 1:00 PM – 4:00 PM and
Sunday, Mar 7, 1:00 PM – 4:00 PM at 424 Western Hills Drive, Rio Vista
PRICE REDUCED to $455,000 – Located in the beautiful Trilogy at Rio Vista Shea development, this Calistoga model provides so much room for family & entertaining, with 2 car garage and golf cart garage. The Interior patio is great for private for dining. New interior paint, newer upgraded carpets throughout, & appliances. The kitchen has oak cabinets with granite island and Corian counters w/backsplash. Gas cooktop with double ovens. The fireplace in the great room makes for a cozy evening. Larger master bedroom with shutters and bath with tub and renovated walk-in shower. This model provides a 2nd bedroom with a full bath and den could be a 3rd bedroom. Mitsubishi HVAC heat pump installed in the 2nd bedroom. Queen murphy bed located in den stays with home. The third bath is in the hall. Half bath located off the entry. The dining room can be used for multi-purpose. Laundry room with sink. Very private backyard. Prepaid Solar. READ MORE
Things To Do in the Rio Vista Area this Week
Saturday in Lodi – Best of the Best Lobster Fest, 5 PM – 10 PM
Join your friends and the Lodi Community to support Changing the Lives of our Children right here in Lodi. For over 50 years Kiwanis has worked to help our Children. Join us one more time! READ MORE
Sunday in Lodi – Lodi Community Band Presents: Annual Spring Concert, 3pm
Free event to the community! Come out and enjoy the Spring Concert at Hutchins Street Square.
- Charlene Powers Lange Performing Arts Theatre
- Hutchins Street Square, 125 S Hutchens St. Lodi
- Time: 3:00 PM to 5:00 PM
- Phone: 209-333-6782
Saturday in Antioch – River Ratz Rockin
The Red Caboose! 8pm – Midnight
210 Fulton Shipyard Rd, Antioch
Come join us for a Rockin Night! Great food and drinks!
Mortgage Rates Fall to the Lowest Level Since 2016
Could This Be the Last Affordable Spring Home-Buying Season?
Mortgage rates have dropped to the lowest levels since before the 2016 presidential election.
The 30-year fixed-rate mortgage averaged 3.45% during the week ending Feb. 6, a decrease of six basis points from the previous week, Freddie Mac reported Thursday. This was the third consecutive week in which mortgage rates dropped. READ MORE
Will Mortgage Rates Plunge Even Lower?
If you’ve been keeping an eye on mortgage rates, you know that they’ve slid — in your area and all around the U.S. — to the lowest levels in at least a few years. In fact, they’re not too far from a 50-year low, according to mortgage company Freddie Mac.
And maybe you’ve heard that the savings can be substantial. A buyer taking out a $200,000, 30-year fixed-rate mortgage at today’s average rate of 3.45% will pay $100 per month less than someone who took out a similar loan a year ago, when rates were averaging 4.35%.