January 2023 Twin Creeks Real Estate Update

January 2023 Update

The Current Real Estate Market in Twin Creeks What a difference a year makes! In the January 2022 Real Estate Informer, we had no homes currently for sale, although four homes had sales agreed (all with less than 2 weeks on the market). And there were 9 closed sales since the beginning of November, mostly […]

December 2022 Twin Creeks Real Estate Update

December 2022 Twin Creeks Real Estate Update

The Current Real Estate Market in Twin Creeks –  In many ways, the above figures suggest a pretty normal November / December in our area. There is very little inventory, but most sellers who have homes listed for sale this close to year end do so because they really need to see their home now, […]

November 2022 Twin Creeks Real Estate Update

November 2022 Twin Creeks Update

https://youtu.be/U47d7nz-nD0 The Current Real Estate Market in Twin Creeks Interest rates are hovering around the 7% mark at the time of writing and although it would be easy to say that this goes some way to explaining the low volume of Twin Creeks home sales recently agreed, the fact is that there are so few […]

October 2022 Twin Creeks Real Estate Update

October 2022 Twin Creeks Update

The main factor to consider here is that interest rates have been rising since mid-July. This definitely had a cooling effect on the market, and as a result, homes are typically taking longer to get a sale agreed. Interest rates will hopefully settle down now, although we have to accept that they will be at […]

September 2022 Twin Creeks Real Estate Update

September 2022 Update Chart

The higher interest rates are having an effect in our area, although homes are still selling as can be seen in the Pending sales above. Inventory is lower than it has been, although this is not unusual at the end of August, and many sellers have had to lower their expectations to get a sale […]

August 2022 Twin Creeks Real Estate Update

2022 August Update Chart

Examining these figures on a month by month basis, it is clear that the effects of recent interest rate increases are making themselves felt. Although inventory is higher than it has been over the past few months, prices have certainly stabilized, and many sellers are surely realizing that they priced their home higher than the […]

July 2022 Twin Creeks Real Estate Update

July 2022 Twin Creeks Update

Questions about the real estate market in Twin Creeks or anywhere else? Call Bernard Gibbons on (925) 997-1585 or Michelle Hensley on (925) 785-5544 anytime, or email team@bernardgibbons.com. We will help in any way we can and we are always happy to hear from you.

June 2022 Twin Creeks Real Estate Update

Inventory levels in Twin Creeks now appear to be fairly constant, but with just 4 homes available, it’s fairly clear that numbers are insufficient to meet buyer demand, even with the higher interest rates. Homes are taking a little longer to sell than previously, although sale prices still show prices well in excess of list […]

May 2022 Twin Creeks Real Estate Update

Inventory levels are steadily increasing, yet buyer demand appears to continue unabated. As can be seen from the Pending sales here, homes are still selling in 2 weeks or less, and they would most likely be selling even faster if sellers were willing to consider offers as presented rather than setting an offer review date. […]