California’s Housing Market
The overheated housing market in California cooled a little in May, as buyers took a bit of a break from the home hunt.
May home sales of 458,170 units were 2.7% less than April’s volume yet are up 86.7% from last May’s pandemic-depressed numbers when 238,740 homes were sold on an annualized basis.
“The overheated housing market is showing signs of a much-needed cooling and could be a sign of waning buyer interest as the torrid pace of home price increases and buyer fatigue adversely affected demand,” said C.A.R. President Dave Walsh.
All counties reported by C.A.R. saw active listings fall compared to last May. And with that lack of supply, the state’s median home price rose to a new record high in May, up 0.5% on a month-to-month basis to $818,260 in May, up from April’s revised $814,010. The average price was however up a whopping 39.1% from the $588,070 price of May 2020.
June 2021 Market Update
The most recent weekly market report from CAR shows sales and pending sales are receding. For buyers, the lower price expectations and growing listings might be a welcome thing.
Ralene Nelson, REALTOR®
JUST LISTED – 265 Tahoe Dr. Rio Vista, 4bd/1bth/1pt.bth/1,443sq.ft.
JUST SOLD – 23 Shasta Dr. Rio Vista
This wonderful home in Rio Vista town enjoys a roomy corner lot that boasts a lush backyard and a large fully gated RV storage area via the side street. Features include a gorgeously tiled entryway and hall with patterned inlays, beautiful luxury vinyl plank flooring in the family room and master bed, brick surround fireplace with a wood-burning stove inset, a formal living (or dining, den) room with attractive laminate floors, wainscoting, and family room portal, and lovely crown molding throughout much of the home. READ MORE
Real Estate News
25 Tricks To Sell Your House for a Bigger Profit
Earn top dollar on your home with these simple tips.
It takes a savvy home seller to negotiate top dollar for their home. That’s why GOBankingRates talked to the experts and compiled the 25 best tips on how to add value to your home before you put it on the market so you can get the best price possible.
Research Your Ideal Homebuyer
Different property types attract different types of buyers, each of whom has different homebuying wants and needs. Knowing your target buyer can make a substantial difference when selling your home.
For a single-family home in good condition, for example, the target buyer is likely looking for a move-in ready home. This type of buyer “does not want to do any repairs, and so spending time and money to make repairs makes sense,” said Lucas Machado, president of South Florida-based real estate investment firm House Heroes.
“If the property is in poor condition … it likely won’t qualify for a traditional bank mortgage,” Machado added. “This means the buyer is likely to be a real estate investor or cash-flush homeowner that intends to repair the property.”
These types of buyers prefer to do repairs and upgrades themselves. “The investor can likely do that work with more skill and less cost than the regular homeowner,” said Machado
Renovations To Make — and Skip — Before Selling Your Home
Don’t waste your time on renovations that won’t pay off.
Perhaps nothing inspires home renovation or remodeling ideas more quickly than having to prepare a house for sale. However, it can be confusing to know which renovations are worth the time and money, and which ones are best left undone.
GOBankingRates asked experts to weigh in on what renovations sellers should make and which ones they should skip, ranging from the smallest of fixtures to the biggest structural additions, so that you get the most bang for your buck.
Make: First-Class Bathroom Cabinets
According to real estate agent Daniele Kurzweil in New York, you should focus your renovations on bathrooms, particularly cabinet space. “Bathrooms are a chance for you to build an oasis of tranquility in your home,” she said.
“Certain upgrades are a necessity. Oversized medicine cabinets with mirrored insides and hidden electrical outlets are a must,” she added.
Double vanities are even better because people want the space to spread out their things, especially when sharing a bathroom. A thick marble or marble equivalent top is a bonus.
Things to do this Weekend
Fireworks displays in San Jose, Berkeley, Richmond and numerous other cities are canceled again this year (if you don’t count the proliferation of illegal fireworks that seem to be a nightly occurrence all of June and early July), but there are still plenty of spots to view fireworks this Fourth of July, including San Francisco and other locales around the Bay.
Hoodline has rounded up the big Bay Area displays this year, below. Be sure to confirm details before going and follow all safety guidelines and regulations. Note that the state recommends that event attendees be vaccinated or have a negative COVID-19 test.
San Francisco Fourth of July Fireworks Celebration: Sunday, July 4, 9:30 p.m.
Fireworks at the Oakland A’s: Friday, July 2, 6:40 p.m.
Morgan Hill Freedom Fest: Sunday, July 4, 5 p.m.
California’s Great America in Santa Clara 4th of July Celebration: Sunday, July 4, 8:45 p.m.
Gilroy Fireworks Show: Sunday, July 4, 9:30 p.m.
Pleasant Hill 4th of July Celebration: Sunday, July 4, 9:15 p.m.
Antioch 4th of July Parade & Celebration: Sunday, July 4, 8 a.m.-10:30 p.m.
Six Flags Discovery Kingdom in Vallejo July 4th Fest: July 3-4, 9:45 p.m.
4th of July at the Lake – An American Festival
SUN JUL 04 2021 AT 10:00 AM TO 10:00 PM UTC-07:00
Everyone is welcome to join the fun at Lodi Lake this 4th of July. The event kicks off at 10am with activities and vendors throughout the park and a fireworks show after dark. Admission to the Lake is FREE.
10am-5:30pm – beach and boathouse will be open
9:30pm – fireworks show
Lodi Lake Beach admission – $3/person (under 2 free)
Boat Rentals – visit Headwaters Boathouse for details
Parking for those with disabilities available on Laurel Ave. No parking available on the west side of Lodi Lake.
Nature Area will be closed.
Lodi Lake Park, 1101 E Turner Rd, Lodi, CA 95242, Lodi, CA
MORE INFORMATION
4th of July Bike Parade & Festival
The 4th of July Bike Parade & Festival is BACK this year and we couldn’t be more excited about it!
The parade starts at 10 AM at Arden Park, located at 1000 La Sierra Drive. After the parade, we will come back to the park for live music from the Funk Shui Band, a kid zone, raffle, and hamburgers and hot dogs!
If you’re interested in having your vehicle in the parade, registration is free. 20 vehicles max and must be street legal with a license plate. Vehicles will be organized first, with walkers and bikers behind. You do not need to register if you are biking or walking in the parade!!!
To register your vehicle, click HERE
