Homewood Homes for Sale Market Report – May 2013

It’s time to see how the Homewood, California real estate market has performed from January 1, 2013 through May 31, 2013. Here is the Homewood, California 96141 homes for sale real estate market report.

Homewood Homes Sold Market Report – May 2013:

Sold Sales: Homewood had 9 single family homes from January 1, 2013 through May 31, 2013.

Average Median Home Sales Price: The Homewood average median home sales price was $515,000, which is 4% increase in price over 2012. Homes sold ranged from a low of $280,000 to $875,000.

Days on Market: The median average days on market was 69 DOM.

Cash Sale Transactions: The number of cash sale transactions for the Homewood area decreased to 22%, which is slightly below the Tahoe- Truckee Regional average of 27%. Homewood cash buyers represents almost 1 out of every 4 homes sold in the area.

Distress Sales: Distress sellers (bank foreclosures- real estate owned (REO’s) and short sales) has remained steady at 11% of all homes sold in 2013. The distressed sale was a short sale that had been pending since December 2012, and was part of the hang-over distressed inventory from last year.

Active Homes for Sale: There were 32 Active– available homes for sale in the Homewood area as of 06/09/2013. This is our largest selection of inventory that we have had all year. They ranged in price from $439,000 to $6.995 million, with an average median asking sales price of $829,000.

Of the 32 homes offered for none (Zero – 0) short sales, no (Zero – 0) REO (Bank Foreclosure) listings, but there are 2 court approval sales or only 6% of the current listings are distressed, which is a clear sign that the market is stabilizing.

Pending Home Sales: There are four (4) pending home sales in the Homewood area and they range from $377,400 to $1,299,000. There is one (1) is a short sale, and no (Zero -0) REO/Bank Foreclosures.

The decrease in distressed sellers is a clear signal that the Homewood market is ready to move higher in price. We’ve just completed the slowest time of year when we have the fewest sales. I would expect to see more sales, and the average median homes sales price for the Homewood area to move up for the second half of the year.

Popular neighborhoods in Homewood are:

If you’d like more information on the Homewood area, or would like to know what your Homewood home may be worth, call Laura Allen at 530.414.1260.

Homewood Homes for Sale Market Report – May 2013