Canyon Lake Real Estate Trends Issue CL04 | Page 3

Real Estate Trends Newsletter BROUGHT TO YOU BY JUSTIN BEVINS REAL ESTATE MARKET REPORT  Real Estate Trends Newsletter Canyon Lake Market Report Monday, March 31, 2014 5 Steps to Down Payment (...continued from cover) Bevins Group Real Estate 3. Small steps to big savings. Put together a budget based on what you’re spending, and then look at the following to make cuts: Your one page analysis of current market conditions. Berkshire Hathaway Home Services [email protected]  MARKET SUMMARY TABLE A = Average Value M = Median Value N/A = Not Available Price Range  Low High $99,999 Days on Market Num # $0 ACTIVE PENDING Current List Price $199,999 3 $200,000 $299,999 16 $300,000 $399,999 28 $400,000 $499,999 21 $500,000 $599,999 11 $600,000 $699,999 15 $700,000 $799,999 4 $800,000 $899,999 10 $900,000 $999,999 3 $1,000,000 $1,099,999 1 $1,100,000 $1,199,999 2 $1,200,000 $1,299,999 1 $1,300,000 $1,399,999 2 $1,400,000 + 2 Market Totals Num # Pend Ratio Num # 0 1 52 $ 141,300 M 47 $ 129,900 A 76 $ 260,774 M 36 $ 267,450 A 84 $ 360,352 M 5 4 $ 366,200 A 60 $ 461,443 M 25 $ 455,000 A 153 $ 560,236 M 115 $ 564,000 A 122 $ 675,400 M 80 $ 676,000 A 85 $ 777,300 M 37 $ 795,100 A 76 $ 862,995 M 25 $ 852,500 A 251 $ 964,333 M 294 $ 949,000 A 137 $ 1,099,999 M 137 $ 1,099,999 A 313 $ 1,162,500 M 313 $ 1,162,500 A 263 $ 1,295,000 M 263 $ 1,295,000 A 171 $ 1,387,475 M 171 $ 1,387,475 A 118 $ 2,075,000 M 118 $ 2,075,000 119 Market Averages 100 $ 562,581 Market Medians 61 $ 469,900 3 50% 15 48% 12 1 15 25% 3 21% 3 32 20 30% 7 2 32 23 20 11 7 11 8 7 3 2 3 1 0 0 0 0 0 0 1 0 0 1 0 2 0 Original List Price • New clothes and impulse purchases; daily costs like a specialty coffee; monthly subscriptions; car costs you can reduce by carpooling. Always ask before spending, “Do I really need this, or do I just want it?” ABSORPTION RATE (months of inventory) Final List Price [4] Sold/ Closed Price ListSale Ratio A 155 $ 97,900 $ 97,900 $ 94,000 96% M 155 $ 97,900 $ 97,900 $ 94,000 96% A 23 $ 180,000 $ 180,000 $ 177,500 99% M 23 $ 180,000 $ 180,000 $ 177,500 99% A 82 $ 277,750 $ 272,277 $ 269,019 99% M 80 $ 285,000 $ 278,000 $ 275,500 99% A 74 $ 359,894 $ 347,628 $ 345,787 99% M 51 $ 348,200 $ 343,250 $ 340,000 99% A 87 $ 471,585 $ 456,955 $ 445,685 98% M 73 $ 469,450 $ 454,000 $ 453,500 100% A 116 $ 594,557 $ 571,500 $ 554,286 97% M 100 $ 595,000 $ 595,000 $ 560,000 94% A 99 $ 669,938 $ 653,625 $ 638,625 98% M 104 $ 667,000 $ 654,000 $ 649,500 99% A 86 $ 728,333 $ 731,667 $ 710,000 97% M 103 $ 725,000 $ 725,000 $ 705,000 97% Est. Mos. • Shop in physical stores, not online, and use cash, not credit cards. N/A • Make cuts in gym memberships, vacations, and entertainment. 9 4. Big steps to bigger savings. If you can handle some lifestyle changes, consider these options: 3 • Move in with family for a specified period of time. 5.3 • If you have the space, take in a roommate. 6.3 • Move to a smaller apartment: the rent can be substantially lower. 9.4 • Add income by working overtime if possible, or take on another job (a part-time job at a home improvement store can even help you learn more about maintaining the home you’ll buy). 0 0 [3] SOLD/CLOSED (last 6 months) Days on Market Num # 0 A OFF-MARKET (last 6 mos)  [1] 0 $100,000  [2] 17% 0 2 1 1 17% 33% 33% 47 28% 97 47 hom es under c o n t ra ct A 137 $ 949,000 $ 949,000 $ 900,000 95% M 137 $ 949,000 $ 949,000 $ 900,000 95% 11.3 8 6.7 84 $ 405,185 $ 394,410 $ 387,316 98% 76 $ 354,500 $ 349,950 • Sell your car and trade down to a lower-cost vehicle. 5. Look at retirement accounts. If you have a 401(k) and contribute more than your employer will match, think about putting that extra money into your down payment savings account. If you have an IRA, you may be able withdraw funds without penalty to buy a first home, although you might have to pay income taxes. As with all tax matters, check first with a tax professional. 18 of f a r sta r t e d o f t h e y e aM a r k e t h as b e e n u ar t e r T h e 1st q M e d ia n Da ys o n o u t 17 c losings w. li t t le slo d w e’r e o n ly s e e ing a b e r sta r t t h a n c lim bing a n It ’s de f init e ly a slo wlling s e as o n is a m o n t h. s, bu t t h e s p r ing s e pic k s u p, t h e m ost y e a r c o r n e r. If de m a n d e r n C a li fo r nia a r o u n d t h e o r t s u p p ly in S o u t h c u r r e n t s h e p r ic e s u p fu r t h e r. s h o u ld dr iv 106 MORE USEFUL REAL ESTATE INFO AT: WWW.BEVINSGROUP.COM $ 345,000 99% -Dave Home Sales Mar 1, 2014 - Mar 31 2014 Status Address Beds Baths Square Feet Year Built List Price Sold Price Date Closed Days on Market Closed Sale 23320 Canyon Lake 3 2 1387 1983 $269900 $260000 3/6/2014 63 $ Per Square Foot $187.45 Closed Sale 30517 Sparrow Hawk 4 2 1688 1976 $270000 $270000 3/17/2014 134 $159.95 $118.13 Favors Sellers Favors Buyers 22636 Pin Tail 3 3 2328 1987 $274020 $275000 3/20/2014 216 23457 Canyon Lake Dr. N 3 2 1573 1986 $298500 280000 3/27/2014 109 $178.01 Closed Sale Date Range (Off-Market & Sold) = 09/30/2013 to 03/31/2014 Data believed to be accurate but not guaranteed. Closed Sale Closed Sale 30736 Burning Tree 3 2 1970 1992 $289900 $283500 3/4/2014 99 $143.91 Status = [1] Active, Hold Do Not Show; [2] Pending Sale, Backup Offer; [3] Expired, Canceled, Withdrawn; [4] Closed Sale Area = Canyon Lake Type = Single Family Residence, Condominium Closed Sale 22657 Canyon Club 3 2 1747 1985 $285000 $286000 3/6/2014 32 $163.71 Closed Sale 30030 Little Harbor 3 2 1596 1988 $289900 $289900 3/18/2014 20 $181.64 Closed Sale 30306 Bucktail 3 4 2385 1981 $285000 $335000 3/18/2014 119 $140.46 Closed Sale 22464 Pin Tail 3 2 2016 1979 $329000 $336500 3/4/2014 200 $166.91 $141.97 Want to stay on top of the market? 3 Real Market Reports You can have our 4 page extended report delivered automatically to your email inbox Closed Sale 4 3 2585 1989 $359900 $367000 3/31/2014 6 30990 Blackhorse 4 5 4048 1980 $474000 $455000 3/26/2014 209 $112.40 Closed Sale 30126 Point Marina 3 2 1568 1976 $485000 $473000 3/10/2014 24 $301.66 $151.08 Closed Sale Market Summary Table www.RealMarketReports.com every week for free. Sign up at: 22549 Lighthouse Closed Sale BevinsGroup.com/get-market-reports 22336 Loch Lomond 4 3 3144 1980 $479500 $475000 3/10/2014 200 Closed Sale 22936 Canyon Lake 3 2 1860 1990 $530000 $510000 3/26/2014 2 $274.19 Closed Sale 22470 Whirlaway 3 2 1827 1979 $599000 $600000 3/6/2014 199 $328.41 Closed Sale 30272 Clear Water 3 3 2123 1979 $649000 $649000 3/13/2014 10 $305.70 Closed Sale 30406 Point Marina 3 2 1994 1979 $689000 $650000 3/6/2014 106 $325.98 Closed Sale 22076 San Joaquin 4 4 4302 2005 $949000 $900000 3/14/20 14 0:00 137 $209.21 Information compiled from various sources including Multiple Listing Service. All information is deemed accurate by not guaranteed. Agent makes now warranties about accuracy or completeness of data. Download updated market reports, neighborhood statistics, and even request a free market valuation for your home at www.BevinsGroup.com Download updated market reports, neighborhood statistics, and even get a free online market evaluation for your home at www.BevinsGroup.com