Hi Everyone,

Important notes this month on the mortgage interest rate increase. The Federal Reserve has raised the target federal funds rate by 0.25%. This is the 3rd consecutive increase with the possibility of 3 more increases in 2019. We’ve had a total of 4 increases in 2018. We may have another 1 and ½ years of rate increases according to the projections from the Federal Reserve. The Fed does not control the actual mortgage rates in the US, but they sure do set the tone, and the 30 year fixed loan is currently around 4.8% with a half a point. The rate increases have affected the average time a home is on the market, and the national average is now around 45 days. Inventory is beginning to creep up as the market starts to flatten out. If you’re still thinking about buying or selling this year, you don’t want to wait. If you want further information or details, give me a call.

Below is a look at the current number of homes for sale and pending in our local market.

 
Ferland Market Update
Alameda & Contra Costa County 10/09/18 
           
LISTINGS Current Week Change From % 2017 %
  Listings Last Week   Listings  
Alamo 49 3 6.52% 48 2.08%
Antioch 162 -10 -5.81% 101 60.40%
Blackhawk 39 2 5.41% 27 44.44%
Brentwood 155 10 6.90% 136 13.97%
Clayton 35 11 45.83% 13 169.23%
Concord 165 1 0.61% 99 66.67%
Danville 115 4 3.60% 87 32.18%
Diablo 5 -1 -16.67% 7 -28.57%
Discovery Bay 92 0 0.00% 90 2.22%
Dublin 47 -7 -12.96% 36 30.56%
Lafayette 59 6 11.32% 33 78.79%
Livermore 140 0 0.00% 61 129.51%
Martinez 60 -1 -1.64% 55 9.09%
Moraga 11 -3 -21.43% 28 -60.71%
Oakley 80 -3 -3.61% 79 1.27%
Orinda 46 6 15.00% 40 15.00%
Pittsburg 91 10 12.35% 54 68.52%
Pleasant Hill 44 -6 -12.00% 24 83.33%
Pleasanton 89 6 7.23% 57 56.14%
San Ramon 65 -5 -7.14% 48 35.42%
Walnut Creek 67 -1 -1.47% 48 39.58%
Totals 1616 22 1.38% 1171 38.00%
           
Pending Current Week Change From % 2017 %
Sales Pending Last Week   Pending  
Alamo 0 -3 -100.00% 6 -100.00%
Antioch 27 0 0.00% 22 22.73%
Blackhawk 2 1 100.00% 0 200.00%
Brentwood 12 -3 -20.00% 12 0.00%
Clayton 1 -1 -50.00% 2 -50.00%
Concord 23 0 0.00% 21 9.52%
Danville 8 -4 -33.33% 11 -27.27%
Diablo 1 1 100.00% 0 100.00%
Discovery Bay 2 -4 -66.67% 6 -66.67%
Dublin 11 1 10.00% 10 10.00%
Lafayette 4 -3 -42.86% 9 -55.56%
Livermore 23 9 64.29% 24 -4.17%
Martinez 6 -4 -40.00% 13 -53.85%
Moraga 3 2 200.00% 5 -40.00%
Oakley 14 9 180.00% 16 -12.50%
Orinda 0 -6 -100.00% 6 -100.00%
Pittsburg 7 -1 -12.50% 20 -65.00%
Pleasant Hill 8 2 33.33% 10 -20.00%
Pleasanton 10 -1 -9.09% 11 -9.09%
San Ramon 13 1 8.33% 10 30.00%
Walnut Creek 9 -1 -10.00% 15 -40.00%
Totals 184 -5 -2.65% 229 -19.65%
           
           
           
           
Sales By          
Price Range # %      
0 - 100,000 0 0.00%      
100,000 - 200,000 0 0.00%      
200,000 - 300,000 0 0.00%      
300,000 - 400,000 11 5.98%      
400,000 - 500,000 28 15.22%      
500,000 - 600,000 27 14.67%      
600,000 - 700,000 25 13.59%      
700,000 - 800,000 17 9.24%      
800,000 - 900,000 14 7.61%      
900,000 - 1,000,000 8 4.35%      
1,000,000 - 1,100,000 6 3.26%      
1,100,000 - 1,200,000 5 2.72%      
1,200,000 - 1,300,000 10 5.43%      
1,300,000 - 1,400,000 11 5.98%      
1,400,000 - 1,500,000 5 2.72%      
1,500,000 - 1,800,000 7 3.80%      
1,800,000 - 2,000,000 2 1.09%      
2,000,000 - 2,500,000 3 1.63%      
2,500,000 - 5,000,000 5 2.72%      
5,000,000+ 0 0.00%      
Total 184 100.00%