June 2017 - Balanced market and spring home chores to not overlook
As we roll through the last days of spring, we are seeing a very active and increasingly healthy real estate market. The last year, and especially the last 4 months have been fairly one sided as there was very little inventory available, and buyers were active in numbers. Buyer interest is still strong, and that is now being balanced out by our spring listing season. Our inventory is increasing, even while buyers are snapping up homes, sometimes within a few days of hitting the market. Loan rates remain low, very low, with my last quote at 4% for a 30 year fixed with no points on loans up to $424,100. But the increased inventory remains the big news and brings some equilibrium to our market.
Current owners should be looking to get their spring chores done on their homes. Have a good look at your roof, did it take any damage from the heavy snow we had this year? Roofers are busy, so if you need repairs you need to get on their schedules early if you want the repairs completed before winter. Also, make sure you open up your crawl space vents to get the airflow moving through that area. This is the easiest way to prevent water related issues down the road. If you have irrigation systems, crank them up and check for leaks. Mountain Hardware carries parts if you need to replace anything.
Here are the sales for May in Tahoe Donner for both homes and condos.
Also, here are the year over year statistics to see how our market is doing compared to this date last year:
Stats courtesy of David Hipkins, Dickson Realty