Sellers are getting a bit nervous as the summer buying season nears its end.  However, the current market seems to be heating up a bit on the buyers side as well.  I personally wrote three offers in the last week, and consulted in negotiations on a fourth.  Anecdotally, open houses seemed busier last weekend than they have been in a while.

The sub-$300,000 market moved into "neutral market" territory from a "buyers' market" after three sales in two weeks.  There are currently 15 units, all condos, in this price range.  That's a technical supply of 5 months.  Buyers are negotiating an average of about $5000 off list prices.

The market has slipped into "buyers' market" territory, with about six months' supply.  About half the buyers in this price range are getting price concessions from sellers in the $10,000 range, while others pay full list price.

With 53 units on the market, and 10 pending sales in the last month, this price range remains technically in "neutral" territory with just over five months' inventory.  However, there is more negotiating room, with many buyers getting in the range of $20,000-plus off of list prices.

With 44 units on the market, and 11 pending sales, this market segment is currently in "neutral market" territory.  Sales remain quite brisk, with an average of about one sale every third day.  Price concessions in this price range are ranging from about $5000 to $10,000, on average.  However, we are seeing some homes drop from the mid-$600,000s to the very high $500,000s.  Some of these homes present excellent opportunities for savvy homebuyers in the with a top price of $600,000.

With 36 units on the market, and 11 pending sales, this market segment is near "sellers' market" territory.  Price concessions have increased, and are now nearing an average of $20,000.

With 35 listings and five pending sales, this price range has entered "buyers' market" territory with seven months' supply.  With a few notable exceptions where large price reductions were negotiated, price concession are running in the $10,000 range.  However, it seems likely that bigger price concessions or price drops can't be too far off.

With 36 listings, and only three pending sales in the last 30 days, this price segment is decidedly in "buyers' market" territory.  As you might expect, some buyers are achieving price concessions in the $20,000-plus range.  Price drops are likely moving forward.

The $1,000,000-plus range is now decidedly experiencing a "buyers' market," with 24 listings and only one sale in the last 30 days.  Buyers continue to secure significant price concessions.  However, open houses were busy last weekend in this price range.

With 19 listings and four pending sales in July, the income property market has entered a "neutral market."  Prices appear to be adjusting downward, and we could begin to see a further pick-up before long.

4 bedroom, 2 bath at $457,000:  After starting at $527,000 and sitting on the market for 127 days, this property looks like a steal at this price.  For info, call (530) 219-1000.

Beautiful 4/2.5 2845 sqft. at $899,000 in Northstar:  Exquisite custom home in A+ Northstar location.  Sellers may be ready to drop price significantly as it has been on the market 63 days.  For info, call (530) 219-1000.

Incredible Aspen Home at $1,250,000:  This listing (by Whitcombe & Co.) is a rare opportunity for someone to own one of the largest and best located homes in Aspen and Davis in general.  For info, call (530) 219-1000.

Solar Home In North Davis:  At $399,000 and with 1460 square feet, this listing (by Whitcombe & Co.) is a 2/1 condo in an A+ location in North Davis, complete with a fully functional active solar system.  For info, call (530) 219-1000.