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In a snapshot of 2021, despite the devastating effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008. In comparison to experts’ predictions in early 2020, it is remarkable how significant demands for property type, location, and amenity preferences have changed amid the pandemic. However, by […]
Read MoreMortgage application submissions saw a composite decrease of 8.1% during the week ending 2/4. Refinance application submissions dropped 7%, while purchase application submissions dropped 10%. The consumer price index rose 0.6% month-over-month in January. Year-over-year, the index saw a 7.5% rise – the highest annual level since 1982. Stripping out food and energy, the core […]
Read MoreWe are no longer seeing the record breaking price appreciation we saw in prime markets across the country, coming out of the financial crisis 10 years ago. But it’s important to have a long-term perspective—something we have always emphasized at the Coldwell Banker® brand, given our longevity and 112-year history. Case in point: In reviewing […]
Read MoreThe number of home sales in St. Helena rose 19% in the first half of the year. And the median sales price rose from $875,000 to $1,204,000. There have been some big sales the first half of the year – 4 properties sold over $7M. The market is strong with a good balance of buyers and sellers. Buyers still want to negotiate a very good price with slow and deliberate negotiating. And the sellers are having to honor concessions and sometimes a lower price in order to sell. Click on the link for the entire report.
Read MoreDear Clients and Friends, School has started, harvest is in full swing and the real estate market is still strong and very active. I have enclosed the Semi-Annual report created by Coldwell Banker comparing the 1st half of 2016 to the 1st half of 2017. Prices and sales have inched up slightly – except in […]
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