As we’re moving into August 2020, here’s a market update.
The market is crazy hot for sellers. If a home is priced well and is in decent condition, it’s bound to be off the market quickly. Higher-end homes of $700,000+ take a bit longer to sell. Multiple offers organically push the home value upward. My last listing sold at 5% above asking price with 7 offers. Rates are under 3%, subject to credit and financial profile. It now is a tremendous opportunity to buy as many families may be paying more in rent for the same house right now with the low interest rate.
You may want to look at refinancing opportunity too depending on where you rate is at. Both of our homes are 3% and less in interest rate.
🏡I have two listings coming on the market in American Canyon. One priced close to $600,000 (4 bedrooms/3 bathrooms/1900 sq ft) walking distance to Donaldson Way Elementary School and American Canyon Middle School. The other will be $700,000+ (5 bedrooms/3.5 bathrooms) in Vintage Ranch.
No questions are too small. Curious about your current home value? If I could help answer any questions, text or call me at 707-567-1049.
Have a great August and a successful back-to-school to all parents! The new normal surrounds us. Thinking of you all especially with the little ones.💖
This information is deemed reliable but not guaranteed.
I take pride in building my business through referrals and trust. Looking for a local expert to help you navigate in the current real estate market with results? My team and I can help you through the buying and selling process, do call me at 707-567-1049.
Kasama Lee, RE/MAX Gold – American Canyon
3417 Broadway, Suite J4
American Canyon, CA 94503