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%.
Ralene Nelson, REALTOR®
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
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
Friday: 12PM – 5PM Saturday & Sunday: 10AM – 5PM
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
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
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