Quick Scotts Valley Real Estate Tidbits – March 24, 2014
GOOD NEWS FOR HOME BUYERS – Last month, there were a total of 15 new listings in Scotts Valley, this month there are already 17 new homes for sale and we still have one more week to go.
That is an increase so far of 25% in inventory which is good news for home buyers. I expect this trend to continue and next month we will probably see even more homes come up on the market, easing a little bit the tightness that exists.
Rates Tick Up Slightly
Bankrate reports that interest rates are up slightly this week by .11% for a 30 year fixed rate as they average 4.39% vs. 4.28%. Rates have been hovering in the mid 4% range and are expected to stay at around 4.375-4.75% this year according to many economists.
Robert Aldana is a 29+ year licensed real estate veteran with American Dream Realty in Scotts Valley, and also a long-term resident and homeowner here in town. He is the founder of MyScottsValley.com and the popular local news and events page at Facebook.com/MyScottsValley.
He was voted as the “Rave” winner in the category of “Favorite Real Estate Agent” in the Scotts Valley Press Banner’s contest for 2014, and also awarded the Scotts Valley Man of the Year in 2014 for his contributions to the community.
Robert was also a nationally syndicated real estate journalist and was a highly sought after interviewee on the topic of real estate by local, national and even international media, in addition to appearing on HGTV and local NBC’s “Best of the Bay”. Many of his articles and interviews can still be read at RobertAldana.com, DeadlineNews.com, RealtyTimes.com, Forbes.com, among many other real estate and finance news sites and publications.