Latest News & Articles

Monthly Archives: August 2016

hottest-markets-august-16

By
Cicely Wedgeworth

Much like that last glorious weekend at the beach before the humdrum schedule of school and work kicks in, August typically sees one last burst of home-buying activity before the busy summer real estate season comes to a close.

So it’s no surprise that with September around the corner, a preliminary analysis of our data here at realtor.com® shows that we’re having the hottest August in a decade—in real estate terms, that is. (It was pretty darn hot weather, too.) Homes for sale are moving off the market 2% more quickly than this time last year, and prices are hitting new record highs.

And continuing a winning streak that’s as amazing to us as those of Michael PhelpsSimone Biles, and Usain Bolt put together, Vallejo, CA, remains atop the hot list for the fourth month in a row. It’s followed by the bull markets in Dallas, Denver, and good old San Francisco.

The median home on realtor.com was listed for $250,000—8% higher than one year ago and virtually the same as last month—a record high for August. And it wasn’t the only new record.

“Realtor.com’s traffic growth has been particularly strong in August, even surpassing record highs set in July, making this an extended summer with unprecedented interest in buying,” our chief economist, Jonathan Smoke, said in a statement.

“With the school year starting now in most of the country, we’re seeing some drop-off in immediate buying interest,” he added. “The current conditions provide more opportunity for any frustrated buyers still in the market to face less competition as we close out the summer.”

Smoke and his team looked at the median number of days homes spent on the market to gauge the supply of homes for sale, and the number of listing views per market to arrive at a list of the 20 hottest real estate markets in the country—where homes are selling fast and there’s plenty of interest from buyers.

Not all the names on our hot list are familiar ones. New to this month’s list are Kennewick, WA, and Waco, TX. We’ve actually noted the surprising appeal of Waco before; Kennewick looks to be a charming inland town sitting on the bend of a river, equidistant from Portland and Seattle.

And Detroit was the biggest gainer, moving up four spots to crack the top 10. Check out the rest:

The hot list

20 Hottest Markets August Rank July Rank
Vallejo, CA 1 1
Dallas, TX 2 2
Denver, CO 3 3
San Francisco, CA 4 4
Stockton, CA 5 5
San Diego, CA 6 7
Columbus, OH 7 6
Waco, TX 8 New to list
Detroit, MI 9 13
Sacramento, CA 10 9
Fort Wayne, IN 11 14
Yuba City, CA 12 11
Modesto, CA 13 12
San Jose, CA 14 15
Fresno, CA 15 17
Colorado Springs, CO 16 16
Santa Cruz, CA 17 8
Kennewick, WA 18 New to list
Santa Rosa, CA 19 10
Nashville, TN 20 19

 

Source www.realtor.com

IMG_4896

Introducing – Pyle Legacy Floors

Specializing in Installation and restoration of hardwood floors

Cash Pyle is the owner of Pyle Legacy Floors which has been in operation since 2002.   However, Mr. Pyle’s story begins long before that.  The family tradition of installing and restoring fine wood floors began when Mr. Pyle’s Great-great Grandfather and Great Grandfather moved during the great depression from the mid-west to California in search of work.  Mr. Pyle’s Great Grandfather became a master craftsman and joined the hardwood flooring union in 1948.  The Pyle family has been restoring and installing beautiful floors non-stop ever since!

We speak from experience-Mr. Pyle has refinished the hardwood floors in our home-they are stunning!

Their work speaks for itself, you will not find better craftsmanship.  Truly a work of art!

 

 Screen Shot 2016-08-25 at 10.14.27 AM Screen Shot 2016-08-25 at 9.17.41 AM Screen Shot 2016-08-25 at 10.07.29 AM

Screen Shot 2016-08-25 at 10.06.29 AM 

Hours:

7:00am – 5:00pm 

Monday – Friday

800 Kiernan Ave Modesto, Ca. 95356

  • 10% off new flooring material and installation when mentioning this ad

 

 

Open House Jasmine
Aug
18

Open House!

Join us this weekend August 20 & 21 from 1:00pm – 3:00pm for an open house.  You don’t want to miss out on this amazing opportunity.  This home is truly a must see. Great Location, Lincoln School District!

2621 Jasmine Ave., Stockton CA 95207

 

Call today for more details Robert 209-969-6699

18330 E Jahant Sold

We sell it all, Mark Twain said “Buy land, they’re not making it anymore”. This family took his advice and bought a lovely 2 acre parcel with a creek in the back! Call us to see what your options are! Rob 209-969-6699

3742 ben holt sold

Welcome your new neighbor. Congrats to this happy new homeowner! Such an honor to work with you. Would you like to be this happy? All you have to do is give us a call, we can help you find just what you are looking for. Call today Robert 209-969-6699