January 25, 2020
Good Morning,
EMERALD BAY DID YOU KNOW?
The market is
STRONG
. There are 13 homes currently on the market ranging from $3,899,000 - $19,800,00 with a couple of homes coming on the market in the near future. 5 homes are currently in escrow (I currently have two under contract, four of these escrows have taken place in the last week 😉). 1 home has already sold in 2020 (my listing at 216 Emerald Bay).
DID YOU KNOW?
U.S. single-family rents increased 3% year over year in November 2019, even with the gain of 3% in November 2018.....DID YOU KNOW that if a $2,000/month rent rate increases by 3% annually, compounded over 60 years that rate rises to $ 11,783/month...or over $4 million out-of-pocket in total.
DID YOU KNOW?
Sales of previously owned homes increased 3.6% in December compared with November to reach a seasonally adjusted annual rate of 5.54 million, the National Association of Realtors said Wednesday. Compared with a year earlier, December sales of existing homes were up 10.8%, though December 2018 was a particularly weak month for sales and economic uncertainty around the federal government shutdown caused some buyers to delay purchases. For some home buyers, it has simply taken all year to find a deal that makes sense. December home sales varied greatly with geography, and were strongest in the Northeast and the South, while in the Midwest sales actually decreased 1.5%. (WSJ)
