Sales Comparison March 2020 – August 2021

On September 26th, an article in the Press Democrat quoted statistics sourced by Compass Real Estate Brokerage for single-family home sales over past six months of 2021.  These were compared to those same numbers for 2020.  They reveal what we all knew: real estate has been booming in our neck of the woods lately!  Here are the facts to support this well-known belief:

MONTH                          NUMBER OF HOMES SOLD     MEDIAN PRICE

March 2020                       301                                              $678,910

March 2021                       421                                              $767,000

April 2020                          249                                              $659,000

April 2021                          580                                              $775,000

May 2020                           206                                              $674,495

May 2021                           546                                              $780,000

June 2020                          457                                              $710,000

June 2021                          613                                              $825,000

July 2020                            606                                              $720,000

July 2021                            663                                              $761,000

August 2020                       556                                              $701,000

August 2021                       596                                              $770,000

While the momentum may have somewhat slowed in the past month, it is still on a robust course to smash past records.  The only thing putting the brakes on sales lately is the pervasive lack of inventory.  Some of this hesitancy on the part of Sellers may be because they are concerned that they will not be able to find a replacement home fast enough after selling their present home.

Sun Pacific Mortgage has a solution: a fast, short-term, private money bridge loan!  By accessing the equity in your home before you sell, you can afford a down payment on your future home.   You can also use existing equity in your current home and merge it with the equity in the new home you want to buy – also a Bridge loan that is short term and can help you accomplish a stronger purchase offer!  With homes selling quickly and with multiple offers over asking prices, this strategy will give you the edge you need in this economy.  Call Us at 707-523-2099 to see what we can do for you !

Click here to learn more about our company.

 

Best, Ken – The Guys in the White Hats
Hard Money Lead Loan Originator at Family owned and operated Sun Pacific Mortgage & Real Estate, serving all of California since 1988!  707-523-2099   www.Sunpacificmortgage.com
CA DRE License #01858042 and NMLS #1221130

 
Note:  Get our financing despite bad credit, difficult to prove income, property a fixer, etc.!  We finance Jumbo loans, Bridge and short-term loans, Owner Occupied purchases and refinances, investment purchases and commercial.


The content of this blog contains general advice only and does not consider individual financial circumstances, desired loan amounts or existing real estate or lending transactions. This information is intended for licensed Real Estate Agents and licensed Lenders/Mortgage Brokers and is posted on our company website and specific blog sites with the express purpose of reaching such licensed individuals.

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