Market Conditions in Atwater>Question Details

Stephan, Home Buyer in San Francisco, CA

There is a lot of talk of a softening real estate market. How would you describe the real estate market in Atwater?

Asked by Stephan, San Francisco, CA Mon Apr 23, 2007

How long do homes typically sit on the market in this city?

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I work with both buyers and sellers in the Merced and Atwater area. From a buyers position there are not a lot of homes on the market. When a home comes on the market in the $175k and lower price range there will inevitably be multiple offers with several over asking price. In the last 3 months I have submitted offers on homes and every one has been apart of a multiple offer situation. I have been able to close on most of them. Homes above the $200k range tend to sit on the market longer. There are other factors as to why a home sits longer; condition, financing options, short sales, these are just a few reasons why a home would sit on the market for over 30 days. The good listings are on the market for 10 days or less. I hope this helps answer your question. If you would like more information about the area, please give me a call. I will be happy to help you.
0 votes Thank Flag Link Sat Apr 27, 2013
Just like Merced, Atwater's home prices are dropping as homes are on the market longer. Sellers are slashing prices by $10,000-$20,000 and offering incentives to buyers. Also, there's no jobs to support the high home prices. Now that the market has soften, homes are typically on the market for 4-6 months, if not longer. I've seen one house that has been listed for 2 years! The seller finally switch agent, although it's currently still on the market. It's all about pricing. You can price the home to sell or you can price it to stay on the market. Homeowners need to realize this. You might think your house is worth more, but guess what, buyers don't necessarily agree with you. We're in a buyers market, they drive the market.
0 votes Thank Flag Link Mon Apr 23, 2007
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