The best week to buy a home is coming up!
More than 6% of homes may have reduced prices during the week of September 25!
It is general knowledge that springtime is home selling season, but the best time to buy a house can change from year to year. According to a report from Realtor.com published Wednesday, in 2022, the best week to buy a house is from September 25 to October 1.
Many in the industry view fall as “off-season” for the housing market, which offers opportunistic buyers many favorable factors including more listings, less competition, and lower prices.
According to Realtor.com, those who buy during this week can expect more than 6% of homes with reduced prices, savings of more than $20,000 on average, approximately 46% more homes to choose from as compared to the average week to date, extra time to make a buying decision with homes expected to stay on the market 15 days longer than summer’s peak, and less competition as demand during the best week to buy is historically 26.9% lower than the yearly peak week and 8.5% lower than the average week.
As many prospective homebuyers have faced a multitude of challenges over the past year, from intense competition to limited inventory, as well as rising mortgage rates and record-high home prices, they may be looking for any advantage they can get.
“If you’re flexible on your timing and can budget for higher rates, early fall can be a great time to secure a home, with several factors aligning to make it the best time of the year both in terms of price and competition,” Danielle Hale, the chief economist at Realtor.com, said in a statement. “This is especially true for first-time buyers and others who are not trying to sell a home at the same time as their purchase.”
On the other end of the homeownership lifecycle, a Thursday in late April is the best time to list a home, as a home seller can expect to sell their property for 2.8% more than other times of the year.
My best always,
Joujou
Bay Area Real Estate September 2022 Report
Harvest Fair
Guests at the annual Harvest Fair enjoy an afternoon of old-fashioned fall fun! This family event features games and activities, wagon rides, food, and live music! Children are also able to play fall-themed games and run through a hay bale maze, pan for gold, and more! Farm vendors sell arts and crafts, as well as delicious fall foods.
Saturday, October 08, 2022, 10:00 - 2:00 pm
Dublin Heritage Park & Museums: 6600 Donlon Way, Dublin, CA
599 Justin Morgan Drive | Alamo | Offered at $4,288,800
4 bd | 3F/2H ba | 4679 sf | 0.53 ac | Represented Seller
Sale Price $4,213,800
5830 Midnight Place | Dublin | Offered at $999,500
3 bd | 2.5 ba | 2250 sf | Represented Buyer
Sale Price $995,000
3482 Cinnamon Ridge Rd. | San Ramon | Offered at $2,099,500
4 bd | 4.5 ba | 2921 sf | 0.10 ac
4388 Mansfield Dr., Danville | Offered at $2,249,800
4 bd | 3 ba | 3488 sf | 0.26 ac
1605 Riviera Ave. Unit 601, Walnut Creek | Offered at $1,728,800
2 bd | 2.5 ba | 1923 sf | 3-car garage
2027 Cedarwood Loop | San Ramon | Offered at $1,459,000
5 bd | 4 ba | 2254 sf | 0.09 ac
2020 Victorine Road | Livermore | Offered at $16,898,800
5 bd | 5F/2H ba | 8144 sf | 107 ac
3409 Blackhawk Meadow Drive | Danville | $2,199,800
4 bd | 3 ba | 3278 sf | 0.17 ac
237 Still Creek Road | Danville | Offered at $4,998,800
5 bd | 4F/3H ba | 5829 sf | 0.48 ac
5487 Blackhawk Drive | Blackhawk | Offered at $3,788,800
5 bd | 3.5 ba | 4244 sf | 0.48 ac
Offered at $12,000/month for Lease or $3,198,800 for Sale
5 bd | 4.5 ba | 4059 sf | 0.60 ac
3649 Deer Trail Drive | Blackhawk | Offered at $2,599,800
5 bd | 3 ba | 4022 sf | 0.16 ac
4157 Quail Run Drive | Blackhawk | Offered at $2,799,800
5 bd | 3.5 ba | 3604 sf | 0.19 ac
27 Sugar Pine Lane | Blackhawk | $2,198,800
4 bd | 3 ba | 2946 sf | 0.15 ac
0 Highland Road | Pleasanton | Offered at $2,200,000
279.72 Acres! | Endless Opportunity!
1756 Cole Ave #302 | Walnut Creek | Offered at $1,899,800
2 bd + Study | 2 ba | 1868 sf
