Monthly Archives: March 2019

REAL ESTATE NEWS: Buyers Have Greater Negotiating Power Than Before

Posted on March 31, 2019 by Mark Stevens

CALIFORNIA REAL ESTATE NEWS:

A More Balanced Market

*Article courtesy of car.org

 

According to California Association of Realtors, “California continued to move toward a more balanced market…”

“California continued to move toward a more balanced market as we see buyers having greater negotiating power and sellers making concessions to get their homes sold as inventory grows,” said C.A.R. President Jared Martin. “While interest rates have dropped down to the lowest point in 10 months, potential buyers are putting their homeownership plans on hold as they wait out further price adjustments.”

 

With this shift in the market, California home sales fall to lowest level in more than 10 years.

 

Here’s the article summary:

– Existing, single-family home sales totaled 357,730 in January on a seasonally adjusted annualized rate, down 3.9 percent from December and down 12.6 percent from January 2018.

– January’s statewide median home price was $538,690, down 3.4 percent from December and up 2.1 percent from January 2018.

– Statewide active listings rose for the 10th straight month, increasing 27 percent from the previous year.

– The statewide Unsold Inventory Index was 4.6 months in January, up from 3.5 months in December.

 

READ MORE: CLICK HERE

 

Rare Wines Available For the First Time Ever at Sonoma County’s Barrel Auction

Posted on March 27, 2019 by Mark Stevens

Sonoma County Barrel Auction

Rare Vintages Available For the First Time

If you are in the wine trade, don’t miss out on this one-of-a-kind experience…

Stay on top of this year’s Barrel tastings and discover rare vintages that are offered to the public for the first time… and will never be offered again! The invitation-only fifth annual Sonoma County Barrel Auction will be hosted at Mac Murray Estate vineyards on Friday, May 3rd. You can preview the action lots on the Sonoma County Barrel Auction website.

More from the North Bay Business Journal…

Trade and media guests are invited to the preview tastings. Hosting on May 2 will be the Petaluma Gap, Russian River Valley and West Sonoma Coast American Viticultural Areas at 11 a.m.–1 p.m., and at 2–4 p.m. Alexander Valley, Dry Creek Valley and Sonoma Valley AVAs. The tastings will feature participating wineries pouring barrel auction lots and current-release wines.

 

Discover Highlights Of The Auction Lots This Year…
Click Here

 

 

*Article & Images Courtesy of the North Bay Business Journal