Showing posts with label seasonal trends. Show all posts
Showing posts with label seasonal trends. Show all posts

Wednesday, November 19, 2014

November May Be the Perfect Time to Sell Your Home

Conventional wisdom says that most sellers take their homes off the market in November and December because potential buyers are focused more on the upcoming holidays than on escrow agreements.holiday wreath
That’s probably true – which is why clever sellers might want to act fast and take advantage of a unique opportunity to sell their homes quickly to highly motivated buyers who don’t want to wait until spring to close a deal.
Several studies show that, on average, homes listed in November and December are more likely to sell, and at a quicker pace and closer to asking price, says an article at Forbes.com.
One of the key reasons is that sellers in off-peak periods face less competition. With other properties off the market, serious buyers have fewer homes to choose from during the holiday season.
And buyers who are looking at properties this time of year are highly motivated. Maybe they weren’t able to win a bidding war during the busy summer season, or perhaps they face time constraints due to professional or personal reasons.
Another big motivator for buyers to close a deal before the end of the year are taxes. Buyers looking to lower their taxes may purchase a home now so they can deduct costs such as points, interest, and property-tax payments.
Also, certain sellers who sold their homes during the summer season may be facing a capital-gains tax. They may be highly motivated to buy in November to avoid paying this fee, since closing on the purchase of another home within 180 days allows them to get around this tax.
“End-of-year tax benefits can be a big deal for buyers,” Linda Carroll, regional executive of Pacific Union’s Napa County region says. “So if you’re considering putting a home on the market at this time of year, go ahead.
“In the spring you’re going to be in competition with everyone else,” Carroll adds. “Right now there’s not much to sell, so your home is going to get noticed.”
Brent Thomson, senior vice president of Pacific Union’s Marin County region, cautions sellers that even highly motivated buyers won’t settle for second-best.
“A home has to look good and be priced right for it to sell,” Thomson says. “There’s less competition out there at this time of year, and that’s good for sellers, but remember that buyers will still be picky.”

Wednesday, November 5, 2014

Unusual Pacific Ocean warmth bringing odd species off West Coast

Hawaiian ono swimming off the California coast? Giant sunfish in Alaska? A sea turtle usually at home off the Galapagos Islands floating near San Francisco?


Rare changes in wind patterns this fall have caused the Pacific Ocean off California and the West Coast to warm to historic levels, drawing in a bizarre menagerie of warm-water species. The mysterious phenomena are surprising fishermen and giving marine biologists an aquatic Christmas in November.
Temperatures off the California coast are currently 5 to 6 degrees Fahrenheit warmer than historic averages for this time of year — among the warmest autumn conditions of any time in the past 30 years.
"It's not bathtub temperature," said Nate Mantua, a research scientist with the National Marine Fisheries Service in Santa Cruz, "but it is swimmable on a sunny day."
In mid-October, it was 65 degrees off the Farallon Islands and in Monterey Bay, and 69 degrees off Point Conception near Santa Barbara. In most years, water temperatures in those areas would be in the high 50s or low 60s.
The last time the ocean off California was this warm was in 1983 and 1997, both strong El Niño years that brought drenching winter rains to the West Coast.
But El Niño isn't driving this year's warm-water spike, which began in mid-July, experts say. Nor is climate change.
In most years, the winds also help push ocean surface waters, churning up cold water from down below. That process, called upwelling, isn't happening as much this year.What's happening is winds that normally blow from the north, trapping warm water closer to the equator, have slackened since the summer. That's allowed the warm water to move north.
"If the wind doesn't blow, there's no cooling of the water," Mantua said. "It's like the refrigerator fails. The local water warms up from the sun, and is not cooling off."
Mantua said researchers don't know why the winds slacked off — or when they will start again.
"It's a mystery," he said.
All year, scientists at the National Oceanic and Atmospheric Administration have been forecasting an El Niño, conditions in which warm ocean water at the equator near South America can affect the weather in dramatic ways. But now the water is only slightly warmer than normal at the equator, leading scientists to declare a mild El Niño is on the way. And although strong El Niños often have brought wet winters to California, mild ones have just as often resulted in moderate or dry winters.
For people who study the ocean, this fall has been a wonderland.
"It's fascinating," said Eric Sanford, a marine biology professor at the UC Davis Bodega Marine Laboratory in Bodega Bay. "To see so many southern species in a single year is really a rare event."
Sanford, colleague Jackie Sones and other researchers at the Bodega lab, along with scientists at Point Blue Conservation Science, a nonprofit group in Petaluma, have documented more than 100 common dolphins off the Farallon Islands in the past two months. They're normally seen hundreds of miles away, off Southern California.
ODD DISCOVERIES
The scientists have scooped up a tiny species of ocean snail called the tropical sea butterfly, normally found far to the south. They have documented a Guadalupe fur seal, normally found off Baja California in Mexico; blue buoy barnacles and purple-striped jellyfish, which usually drift off Southern California; and a Guadalupe murrelet, a tiny seabird that frequents Mexico.
In September, a fisherman off San Francisco caught an endangered green sea turtle, an extremely rare find for Northern California, since the species usually lives off Mexico and the Galapagos Islands. He returned it to the sea unharmed.
Similar tales are turning up in Southern California, where fishermen and scientists have found Hawaiian ono, along with tripletail, a fish species commonly found between Costa Rica and Peru, and other warm-water species.
In August and September there were even sightings of skipjack tuna and giant sunfish, or mola mola, off Alaska.
"They are following the water temperature," said H.J. Walker, a senior museum scientist at the Scripps Institution of Oceanography at UC San Diego. "Fish come up against a cold-water barrier normally and turn around. But now they aren't encountering that, so they are swimming farther north."
Over the past week, the water temperature at the Scripps pier in La Jolla was 71 degrees. The historic average back to 1916 for late October is 65 degrees.
In many parts of California, the commercial salmon catch was down, and squid were caught as far north as Eureka, which is unusual.
"Our guys in Santa Barbara are saying there's almost nothing down there. Just a lot of warm, clear water, a little bit of salmon and not much else," said Zeke Grader, executive director of the Pacific Federation of Fishermen's Associations in San Francisco.
DISAPPEARING KRILL
The ocean changes also have affected birds. As ocean upwelling stalled in the summer, less krill and other food rose from the depths. As a result, several species of birds, including common murres, had high rates of egg failure on the Farallon Islands, 27 miles west of San Francisco.
"The krill that is usually present disappeared, and the fish that some of these birds rely on disappeared," said Jaime Jahncke, California Current Group director of Point Blue in Petaluma.
"Up until July we had an abundance of whales around the Farallons, mostly humpback whales, and some blue whales. And when we went back in September, there was no krill and the whales were nearly absent."
More common local species are expected to return when waters cool, as they did after the 1983 and 1997 warmings.
"It is an oddball year. But I'm not surprised," said Joe Welsh, associate curator of collecting for the Monterey Bay Aquarium. "These things come and go. There's a lot to learn out there."

Article & Photo Sourced from:  http://www.marinij.com/marinnews/ci_26852185/unusual-pacific-ocean-warmth-bringing-odd-species-off 

Thursday, October 16, 2014

Bay Area Sees Busiest September for Home Sales in 5 Years

Homebuyers across the Bay Area were in the game as the usually brisk fall real estate season began, propelling September sales-volume numbers to the highest level since 2009.Toy houses
According to a new report from CoreLogic DataQuick, Bay Area buyers scooped up a total of 7,443 single-family homes and condominiums across the nine-county region in September, a year-over-year gain of 4.2 percent. It was the busiest September for our local real estate markets in five years, when 7,879 properties changed hands.The company says that both overflow activity from the summer and the Bay Area’s vigorous economy helped to spur sales.

On an annual basis, the number of home sales increased in five Bay Area counties, with San Mateo seeing the largest gain, 16.9 percent. Of the four local counties where home sales dropped since last September, Napa and Marin saw the most substantial decreases – 17.6 and 10 percent respectively.
Year-over-year home price changes were more consistent, with all nine counties reporting increases and seven seeing upticks in the double-digit percentage range. The regional median home price was $604,000 in September, up 14 percent from a year ago but short of levels observed earlier in the year. According to CoreLogic DataQuick, the median home price in the Bay Area has been steadily dropping since June.

Annual sales price gains ranged from 17.3 percent in Marin County to 8.5 percent in Santa Clara County. San Francisco had the highest median sales price in the region at $938,000.

CoeLogic DataQuick says that the Bay Area’s overall real estate market is continuing to stabilize, noting that foreclosure activity is down significantly from both annual and peak levels. In September, foreclosures accounted for 2.8 percent of sales, down from 3.6 percent one year ago. Bay Area foreclosures topped out in February 2009, when they made up more than half of all transactions.
All-cash offers and investor activity were both down slightly from a year ago, taking a bit of heat off Bay Area home shoppers who have been struggling to compete in one of the nation’s tightest residential real estate markets.

Absentee buyers, which CoreLogic DataQuick classifies as mostly investors, bought 19.1 percent of Bay Area homes in September, down from 20.9 percent one year ago. The company says that 20.9 percent of sales across the region were all-cash deals, a year-over-year decrease of 2.4 percentage points.

Tuesday, September 9, 2014

5 signs you’ll close more deals this fall

Your business is trying to tell you something. Either you’re about to have the best real estate fall you’ve ever seen or you’ve got some serious work to do to stay afloat.
Here are five signs you’re in great shape heading into this fall and adjustments you can make to get there if things aren’t exactly “looking up.”
FallDeals_shutterstock_114249007
Fall image via Shutterstock

1. Profile views and traffic are up

Tomorrow’s clients are today’s Web visitors. Check your Trulia profile and other Web analytics to get a handle on your traffic trends. If you’re seeing more or stable Web views, you’re likely in good shape. If things are taking a dip, it may be time to blog, share, or create other content that gives real estate lurkers a reason to stop by your profile or website.

2. Your past clients are feeling nurtured

According to NAR’s 2013 Profile of Home Buyers and Sellers, nearly half of agents were chosen based on a referral. That means prospects aren’t the only ones you should be nurturing. Whether they are anniversary cards, neighborhood updates or home valuation reports, if you’re staying in touch then you’re on track to have a great fall.

3. You’re trying something new

One of the biggest real estate lessons of the past few years is that change is really the only constant in the life — and business. That means you should always be looking for new ways to ensure your business’s future. If you’re experimenting with new cutting-edge products like Trulia Seller Ads and other tools that help you track your marketing return on investment and generate high-quality leads, you’re headed in the right direction.

4. You’ve (actually) closed the computer

Online lead generation is a must, but your marketing mix should include some community face time. Whether it’s PTA meetings, golf tournaments or other events that bring your community together, get out there and show face. This has two major benefits: Your prospects will feel more connected when they see your ads or emails, and you can farm content for sharing online that reinforces your position as the neighborhood expert.

5. You’ve got the latest lead-handling tools

Traffic, tools and referrals are great, but if you can’t handle the leads when they are coming, then your business is at risk. If you don’t already have them, here are three great tools that help with lead handling to help with faster response and staying on top of your nurturing this fall:


Article and Photos Sourced From:  http://www.inman.com/next/5-signs-youll-close-more-deals-this-fall/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+inmannews+%28Inman+News+-+Headlines%29