New-Home Prices Fall to Lowest Level in 3 Years as Builders Appeal To Buyers Amid High Mortgage Rates
Newly built home prices dropped 7.6% year-over-year to attract buyers amidst higher mortgage rates.
Despite a slight dip in new-home sales due to higher mortgage rates in February, sales are up annually and comprise a larger market share post-COVID. [ more ]
Malibu House Sells for $38.5M in Priciest LA Deal This Year
The Malibu estate owned by investors Mark Cirlin and Man Li-Yeh sold for $38.45 million, the priciest home sale in Los Angeles County this year.
The property features a 4,400-square-foot Cape Cod-style house with resort-style grounds, including an open-air pavilion, al fresco kitchen, and sunken lounge area. [ more ]
Single family residence in Fremont sells for $3.3 million
A 3,549-square-foot house in Fremont sold for $3,250,000, or $916 per square foot, offering a roomy layout with four bedrooms and three bathrooms.
Various houses in Fremont have recently changed hands, showcasing different sizes, prices per square foot, and features like bedrooms and bathrooms. [ more ]
Single family residence sells in Fremont for $1.5 million
Property in 908 Gurnard Terrace, Fremont, sold for $1,545,000 on Feb. 14, 2024, at $978 per square foot.
Recent home sales in Fremont include properties on Pepys Way, Litchfield Circle, and Buckboard cmn, providing a range of prices per square foot. [ more ]
Inventory levels were already low before COVID-19 due to various factors like post-financial crisis regulations and millennial homebuying trends. [ more ]
Home sales and prices edging up as housing market 'could get interesting,' reports say | CBC News
The Canadian housing market is showing signs of increased activity, with rising home prices and sales, leading to an interesting future for buyers and sellers. [ more ]
January home sales jump 22 per cent from last year's weak start | CBC News
January home sales in Canada saw the largest year-over-year increase since May 2021, reflecting weakness in the housing market last year.
Market sentiment has been buoyed by the prospect of Bank of Canada rate cuts and a drop in fixed mortgage rates, but the central bank is not expected to cut rates in time for the spring.
The national average home price in January was $659,395, up 7.6% from January 2023, and the number of newly listed properties increased by 1.5% month over month. [ more ]
Hey, New Yorkers: Are You Trying to Sell Your Home Using a Real Estate Agent? We Want to Hear From You.
Real Estate Board of New York (REBNY) amended its rules on agent compensation in response to a legal settlement affecting National Association of Realtors.
Buyer's agent compensation now comes directly from sellers, allowing negotiation of the offer. [ more ]
Detached house in San Ramon sells for $1.8 million
A 2,064-square-foot house on Asterbell Drive in San Ramon, built in 2003, was sold for $1,766,000 on Jan. 5, 2024.
Recently sold houses in San Ramon include a home on Star Jasmine Drive sold for $1,810,000 in November 2022, and a home on Campanula Drive sold for $1,750,000 in February 2023. [ more ]
Where can you find the cheapest and most expensive homes in California? What's next in 2024?
California's housing market is expected to have a similar first quarter compared to last year, but changes may be on the horizon.
Sales of existing single-family homes in California have been below 300,000 a month and are predicted to continue that trend in the coming months. [ more ]