Newsletter, 9/24/21

Homebuyer Bidding-War Rate Drops to Lowest Level Since January

Competition is easing as homebuyers grow tired of sky-high asking prices and the housing market enters its typical seasonal slowdown.

In August, 58.8% of home offers written by Redfin agents faced competition—a record low for 2021. That’s down from a revised rate of 62.1% in July and a peak of 74.3% in April. It’s also slightly lower than the August 2020 bidding-war rate of 59.4%.

JUST LISTED – 317 Riverwood Ln, Rio Vista, 2bds/2bths/1,439sf

$440,000 – Located in the desirable Active Adult Community, Trilogy by Shea, this popular model, Pebble Beach, is waiting for you. Tile entry, living room corridor, kitchen, nook & laundry room. The kitchen has granite counters as well as master & guest baths. Home has 2 bedrooms/baths and den. Stamped patio, fenced back yard is perfect for your BBQ. Lots of amenities: tennis, bocce, billiards, 2 swimming pools/spas, golf, exercise classes, gym & more. READ MORE

Coming Soon – 549 Western Hills Dr, Rio Vista

Fantastic opportunity to own this Asti model, in Trilogy, the Active Adult Community. If you love to entertain your family & friends, BBQ & more, this is the model. Larger home with large island kitchen/great room with fireplace and living/dining room for the more formal meal. Den with double doors can make for a 3rd bedroom. Not one but two patio areas that fit the time of day or season, add a small fire pit for those cozy evenings. This 2 bedroom, 2.5 bath home has room for overnight stays. Corian kitchen counters w/tile backsplash, maple cabinets, 5 burner gas cooktop, stainless appliances & island for 5-6 bar stools. Tile floors from entry to family room/kitchen & hallway, w/carpet in bedrooms. The Master bath has an upgraded tile walk-in shower & jetted tub. Carpet in living/dining room & bedrooms. Double car garage w/cabinets & smaller garage for your golf cart or smaller car. Trilogy provides the resident with activities from tennis, bocce, golf, billiards, gym, 2 pools/spas & more. Contact Ralene Nelson for more information regarding this property, 707-334-0699

Real Estate News & Views

Bidding Wars: How to Handle Multiple Offers and Bidding War on a Home

How to Deal With a Real Estate Bidding War

When real estate markets heavily favor home sellers bidding wars are not that uncommon. In fact, not having a bidding war can be unusual in some circumstances.

Wanting to know how to deal with a bidding war on a house is far more likely today than it used to be.

Buying A Home? Here’s How To Navigate Intense Bidding Wars

For homebuyers in today’s market, intense bidding wars are the new normal. Follow these 7 strategies to maximize your offer and land your dream home!

It’s no secret that residential real estate is an extreme seller’s market. For sellers, this is excellent news, as many are netting hefty profits on their home sales. For buyers, however, the stress of multiple offer situations, higher prices, and intense bidding wars has become the new normal.

Things To Do This Week-End
Miracle Mile Classic Car Show & Concert
Sat, Sep 25, 2 – 7 PM

The Miracle Mile Concert and Car Show is tomorrow!
The event will take place from 2:00-7:00 on Pacific Ave! It is a Free, Family Friendly Event that all ages will enjoy!
Most of our merchants will be open as well so we invite you to head down early to get a bite to eat and do a little shopping as well!
Registration is still open for those wanting to participate. The fee is $40 until 9/24 and then increases to $60 on Saturday.
Head on over to https://stocktonmiraclemile.com/store/ to register today!

Modesto Fall Home Improvement Show

September 24-26, 2021

Show Times:
Friday: 12PM – 5PM Saturday & Sunday: 10AM – 5PM

Door Prices:
Adult $8.00 Senior (60 years or older) $6.00
Military $6.00, Kids 12 and under Free

Modesto Centre Plaza
1000 L St, Modesto, CA

1st Annual Art and Wine Festival, “The Crush”
Sunday, September 26, 2021 ~ 11:00 am – 6:00 pm

Village 360
4949 Suisun Valley Rd
Fairfield, CA
Directions

A festival of art, wine, music, and food. At least 24 booths featuring artists from the Fairfield/Susiun Valley area, with live music and food, plus wine provided by BackRoad Vines Winery. MORE INFO

Oktoberfest Midtown Sacramento – 2021
Sat, Sep 25, 3 – 9 PM

Der Biergarten 2332 K St, Sacramento, CA

Midtown Sacramento Oktoberfest Street Party Der Biergarten will once again take over the block of 24th and K Street in Midtown Sacramento to present our Oktoberfest Street Party.

MIDTOWN SACRAMENTO OKTOBERFEST STREET PARTY

Der Biergarten will once again take over the block of 24th and K Street in Midtown Sacramento to present our Oktoberfest Street Party.

LAST OF THE TICKETS NOW FOR SALE. WE ARE LIMITED ON CAPACITY THIS YEAR SO WE MAY NOT BE SELLING AT DOOR.

TICKETS MAY NOT BE AVAILABLE AT THE DOOR

Der Biergarten will once again take over the block of 24th and K Street in Midtown Sacramento on 9/25/2021 to host our Annual Oktoberfest Street Party.

The takeover of 24th & K St in Midtown Sacramento by Der Biergarten will happen again on the last Saturday of September. 9/25/2021.

The event starts at 3:00pm and will end at 9pm with live music featuring the German band The Alpenmeisters. DJ Eddie Z will be in the mix along with our MC Tommy G. READ MORE