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Around The Lake

Discover All You Need To Know About Real Estate And Our Surrounding Communities



As a buyer in a sellers’ market, sometimes it can feel like you’re stuck between a rock and a hard place. When you’re ready to make...
Selling your house is no simple task. And when you sell on your own – known as a FSBO (or For Sale by Owner) – you’re...
As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage...
Hidden Valley Lake Monthly Market Trends- November 21 (2)
http://ericabergstromhomes.com/wp-content/uploads/2021/12/Fall-Market-Trends-Video.mp4 Year over year statistical data for Lake County ending November , 2021 This report is generated around the 20th of each month once the...
From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to the experts, buyers...
If you’re living on your own and looking to buy a home, know that you can make your dream a reality with thoughtful planning and the right...
The game of chess can provide incredible lessons to apply to all aspects of life, including the homebuying process. Chess requires you to plan and...
Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year....
With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market...
If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values...
With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the...
Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing...
Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed...
The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for...
In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses...
If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you...
If you’ve been in your home for longer than five years, you’re not alone. According to recent data from First American, homeowners are staying put much...
When it comes to the latest news in real estate, there are a lot of sensational headlines in the media. In times like this, when it...
As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data...
As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something...
There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home...
There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home...
Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what...
As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books....

Year over year statistical data for Lake County ending November , 2021

This report is generated around the 20th of each month once the previous months numbers have been posted. What we see here is a report generated for the Lake County Housing Market which includes Hidden Valley Lake, Clearlake, Middletown, Lakeport, Kelseyville and more through November 2021. So we are always looking a month behind. Our statistics are derived from the California Regional Multiple Listings Services (CRMLS) This is the Multiple Listing Service provider for all real estate brokerages in Lake County. If you have questions or wish to know a more specific account of your properties value and the timing of either selling or buying we are always happy to jump on a Zoom or meet with you at your property to evaluate and discuss a strategy. We can be reached via cell/text 707.580.3499 or email us at concierge@elitepartnersrealestate.com

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Quick Facts

SOLD

16

LISTED

42

PRICE

$449,250

DOM

32

The holidays are in full swing and the market is reflective of this fact. Every year the market slows during the holidays and starts to pick back up around the second or third week of February. This is a great time to be a buyer as inventory remains low but demand slows down a bit which allows buyers a real chance at getting their offers accepted as well as not having to over bid as much. Don’t get me wrong we are still very much is a seller controlled market and if priced right a home sells fast. In November 2021 we had 16 homes sell throughout Hidden Valley lake This is a -27.3% decrease year over year. Our inventory has increase substantially +68.0% to 42 units available for sale which is still well below our 64 units number back in 2019. We compare 2019 because this was pre-pandemic numbers. 

Lake County remains one of the most affordable counties in all of California and Hidden valley Lake is one of the biggest draws to the area. Our average sold price of $449,250 which is an increase of +15.0% year over year and about 45% increase since November 2019 pre-pandemic prices. Homes are selling a little more than three times as fast as they had back in 2019 and -54.3% faster than a year ago. Our days on market (DOM) is 32 days. This means the average home is selling with in 32 days from list to sold. 

A seller should expect their agent to prepare and share a thorough marketing plan on how they will best position their home for sale. While there are lots of over asking offers and homes selling quickly this does not mean an agent should be cutting corners. A marketing strategy that includes a singular property website for your home, brochures, advertising and lots of social marketing should be expected to achieve the highest and best price for you home. 

Buyers need strong representation and a good negotiator to steer them through this complex web of multiple offers and pricing strategies. Not all homes are selling for above the listed price and in fact our current list to sold price is 98.4% which is up from a year ago. This means a buyer given normal conditions for a home could expect to pay 1.6% less or $7,188 less than the average listed price of $449,250. If your agent isn’t running these numbers and working hard for you, then you need better representation. 

I look forward to helping you achieve your goals while creating and amazing real estate experience from consultation to closing and beyond. After all, my job is about much more than selling houses. It’s about genuinely serving people well and helping them realize their dreams in the short and long term. That’s why everything I do for you, I take the added time and care to make sure the process is understandable, transparent and rewarding every step of the way.

One thing for certain. You’re going to love the results. Give us a call 707.580.3499 anytime for assistance. 

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Hidden Valley- Market Live Report

The opinions expressed in this report are those of Don McDonald, Founding partner, and REALTOR with RE/MAX Elite Partners brokered through RE/MAX Gold. They are not in any way intended to express what RE/MAX, RE/MAX Gold or any other agent or brokerage may think. It is my honest analysis backed but some market data. Check back each month around the 25th or so for an update as we continue down this path. 

About Elite Partners

The diverse and high performing team at Elite Partners epitomize integrity, energy, hard work, and service throughout each transaction they conduct. The Elite Partners have been responsible for over $1 Billion in transactions over the last 13 years and have ranked in the top ten worldwide within RE/MAX.

Dynamic leadership and creative marketing at its best.

Contact Elite Partners, Powered by RE/MAX Gold

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Over 130,000 Agents Worldwide in over 110+ countries you can be assured your home will be seen around the world.

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RE/MAX Gold enjoys a near 3 to 1 market share advantage. This means 1 out of every three homes is a Gold Nation Home

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With over 20 years local market sales and over $1.5 Billion sold you can trust your dealing with experts who will get it done

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If you live here already, you know how blessed we are. If you’re considering living or investing here, you’ve probably experienced some of the area’s extraordinary possibilities: country settings and small-town communities; enthralling agricultural beauty, and true farm to fork lifestyle, If Northern California is your real estate destination, you’ve arrived at the right spot. Whether you’re looking to buy your first home – or to sell an estate – expect nothing less from us than a Meritage blend of real estate expertise, professional service, creativity, and a passion for achieving your goals. 

December 29, 2021
Hidden Valley Lake Monthly Market Trends- November 21 (2)

November 2021 Hidden Valley Lake Housing Report

http://ericabergstromhomes.com/wp-content/uploads/2021/12/Fall-Market-Trends-Video.mp4 Year over year statistical data for Lake County ending November , 2021 This report is generated around the 20th of each month once the previous […]
January 5, 2022

Expert Insights on the 2022 Housing Market

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022.