November 2023
Copyright by KW Advisors 2023
What’s your home really worth in today’s market? That's the question you should be asking yourself. Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home. So, do you know what your home is worth in today's market?
I can help... Contact me for a confidential, no obligation assessment of your home's value.
Reasons To Sell Your House Before the New Year
As the year winds down, you may have decided it’s time to make a move and put your house on the market. But should you sell now or wait until January? While it may be tempting to hold off until after the holidays, here are three reasons to make your move before the new year. Get One Step Ahead of Other Sellers Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and sometimes deprioritize selling their house until the start of the new year when their schedules and social calendars calm down. But that gives you an opportunity to get one step ahead. Selling now, while other homeowners may hold off until after the holidays, can help you get a leg up on your competition. Start the process with a real estate agent today so you can get your house on the market before your neighbors do.
Get Your House in Front of Eager Buyers Even though the supply of homes for sale did grow compared to last year, it’s still low. That means there aren’t enough homes on the market today. While some buyers may also delay their plans to move until January, others will still need to move for personal reasons or because something in their life has changed. Those buyers are still going to be active later this year and will be seriously motivated to make their move happen because they need to. Unfortunately, the challenge they’ll face is a shortage of available inventory to meet their needs. A recent article from Investopedia says: “. . . if your house is up for sale in the winter and someone is looking at it, chances are that person is serious and ready to buy. Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer. Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale.” Use Your Equity To Fuel Your Move Keep in mind that homeowners today have record amounts of equity. According to CoreLogic, the average amount of equity per mortgage holder has climbed to almost $290,000. That means the equity you have in your house right now could cover some, if not all, of a down payment on the home of your dreams. And as you weigh the reasons to sell before year-end, it’s important to remember the reasons that sparked your desire to move in the first place. Maybe it’s time for a new home in a location that suits you better, one that offers the perfect space for you and your loved ones, or maybe your needs have evolved over time. A local real estate agent can help you determine how much home equity you have and how you can use it to achieve your goal of making a move.
Source: Keeping Current Matters
WHY YOU NEED A HOME WARRANTY There are many compelling reasons to join American Home Shield. Simply put — a home warranty protects your budget and provides peace of mind.
HOME WARRANTY BENEFITS Here are just a few of the advantages of having coverage:
1
Budget protection when systems and appliances like your A/C and fridge inevitably stop working.
2
Peace of mind because you have a plan in place and know exactly who to call when something goes wrong.
3
The time-saving convenience of not having to search for someone to get the job done. We do that for you.
4
With our 30-day workmanship guarantee, if you have an issue with your completed repair within 30 days of service, we’ll send a contractor back out for free.
READY TO GET STARTED? Contact me, your Real Estate Expert, for support and to learn more about AHS. CLICK HERE TO LEARN MORE
F FIVE Designer E Tips T Will dark cabinets make a kitchen too dark?
on making moody shades work
Five Designe Tips Keep the rest of your kitchen space light and bright
Kitchens with ample natural light are more suitable for dark cabinet colors. If your kitchen lacks this, don't avoid dark colors entirely. Instead, focus on adding light elements elsewhere.
Strike the right balance with lightning
Achieving balance in room design is essential, especially when combining strikingly colored cabinets with a mix of
Consider the size of your space
In a spacious, well-lit kitchen, dark cabinets add
Favor glass and reflective surfaces
Opt for glass-fronted cabinets and reflective finishes to
Adorn the space thoughtfully to lighten the finish
In Kitchens with bold cabinet finishes, decor plays a crucial
well-considered kitchen lighting.
sophistication and coziness without crowding the space. Yet, in a smaller kitchen, they can absorb light and create a cramped feel.
brighten up the space effectively.
role. Open shelving and glass cabinet doors to break the visual heaviness of dark cabinets and create contrast with lighter-colored items.
Want to know how Home Concierge can help with your listing? Contact me today! CLICK HERE TO LEARN MORE
Source : https://www.homesandgardens.com/kitchens/will-dark-cabinets-make-a-kitchen-feel-too-dark
Tips to Harden Your Home During Wildfires Source: Cal Fire
ROOF
WINDOWS
Build your roof or re-roof with materials such as composition, metal, clay, or tile. Remove any vegetative debris from the roof.
Install dual-paned windows with one pane of tempered glass to reduce the chance of breakage in a fire.
VENTS
WALLS
Remove all openings with 1/16-inch to 1/4-inch metal mesh. Do not use fiberglass or plastic mesh because they can melt and burn.
Use ignition-resistant materials, such as stucco, fiber cement, wall siding, fire retardant, treated wood, etc.
EAVES + SOFFITS
DECKS
Eaves should be boxed in and protected with ignition-resistant or non-combustible materials.
Create an ember-resistant zone around and under all decks and clear debris from under your deck.
FENCES
CHIMNEY
Separate your fences from your house or upgrade the last 5 feet of the fence to a non-combustible material.
Close the fireplace during fire season when the chimney is not being used.
GUTTERS
PATIO COVER
Keep rain gutters clear or enclose rain gutters to prevent accumulation of plant debris.
Use the same ignitionresistant materials for patio coverings as a roof.
DRIVEWAY
DECKS
Driveways should be built and maintained in accordance with state and local codes to allow fire and emergency vehicles to reach your home. Consider maintaining access roads with a minimum of 10 feet of clearance on either side, allowing for two-way traffic.
Have a fire extinguisher and tools such as a shovel, rake, bucket, and hose available for fire emergencies.
IS YOUR HOMEOWNER’S INSURANCE COVERAGE UP TO DATE? I CAN CONNECT YOU WITH WITH MY INSURANCE SPECIALIST AT GREYSTONE. CALL ME TODAY!
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Solano County What's in the Solano County data? There were 535 single-family homes for sale, providing 1.8 months of inventory. There were 297 new listings, and 255 homes sold at a median price of $615k. The median overbid percentage was at 100%, with an average of 36 days on the market. There were 56 condo and townhome units for sale, providing 2.3 months of inventory. There were 29 new listings and 24 units sold at a median sale price of $361k. The median overbid percentage was at 100%, with an average of 31 days on the market.
SFH
Single-Family Homes
297
255
New Listings
Sold Listings
1.8
$615K
Months of Inventory
Median Sale Price
100%
36
Median Sale vs List
Avg Days on Market
The data, sourced from InfoSparks, includes all single-family homes, condos and townhomes in the California Area above from October 2022 to October 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01995149. Copyright KW Advisors San Francisco | Napa Valley 2023. Each office is independently owned and operated.
CONDO
Condo & Townhomes
29
24
New Listings
Sold Listings
2.3
$361K
Months of Inventory
Median Sale Price
100%
31
Median Sale vs List
Avg Days on Market
Solano OCTOBER 2022 - OCTOBER 2023
L I S T INGS FOR S A L E
S O L D LISTINGS
1,000
800
600
400
200
0
Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023
Jul 2023 Aug 2023 Sep 2023 Oct 2023
Single-Family Homes Last 12 months, year-over-year. 70 60 50 40 30 20 10 0
Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023
Condos & Townhomes Last 12 months, year-over-year.
Jul 2023 Aug 2023 Sep 2023 Oct 2023
Median Sales Price
$750,000
$500,000
Single-Family Homes The median sales price has increased from $585k last October 2022, to $615k as of October 2023.
$250,000
Condos & Townhomes O ct 20 23
20 23
Se p
Au g
20 23
Ju l2 02 3
Ap r2 02 3 M ay 20 23 Ju n 20 23
20 23
M ar 20 23
Ja n
Fe b
20 23
20 22
De c
N ov
O ct 20 22
20 22
$0
The median sales price has increased from $350k last October 2022, to $361k as of October 2023.
AVG Days On the Market
75
50
Single-Family Homes The average time spent on the market went down from 45 days last October 2022, to 36 days as of October 2023.
25
Condos & Townhomes O ct 20 23
The average time spent on the market went down from 45 days last October 2022, to 31 days as of October 2023.
Se p
20 23
20 23
Au g
Ju n
20 23
20 23
20 23
The overbid percentage has stayed at 100% last October 2022, to 100% a year later.
Ju l2 02 3
Single-Family Homes
20 22
Overbids
M ay
Ap r2 02 3
M ar 20 23
20 23
Fe b
20 23 Ja n
20 22
De c
20 22
N ov
O ct 20 22
0
120% 100% 80% 60% 40% 20%
Back to Table of Contents
O ct 20 23
20 23
Se p
20 23
Au g
Ju l2 02 3
20 23 Ju n
20 23
M ay
Ap r2 02 3
M ar 20 23
20 23
Fe b
Ja n
De c
20 22
0% N ov
The overbid percentage has stayed at 100% last October 2022, to 100% a year later.
O ct 20 22
Condos & Townhomes
Napa Valley 951 California Boulevard, Napa, CA 94559
San Francisco 1624 California Street, San Francisco CA 94109 2207 Lombard Street, San Francisco, CA 94123
Peninsula Estates 1430 Howard Avenue, Burlingame, CA 94010 16 E 3rd Avenue, San Mateo, CA 94401
Palo Alto 505 Hamilton Ave Suite #100, Palo Alto, CA 94301
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