Your Move Monthly: August 2015
Your Move Monthly is your South Placer County real estate resource presented by the Bishop Real Estate Group. In this month’s newsletter, you’ll find our monthly giveaway details, some information on the highs and lows of economics, and our “Meet a Team Member!” If you have any questions about anything in this newsletter or if you’d like more information, contact us at (916) 458-5488 or BishopTeam@TBREG.com.
2-Week Pass to Life Time Athletic
Monthly Giveaway Details: Each month we give away a fabulous prize to one lucky winner. These prizes will include tech gadgets, tickets, and gift cards.
3 Ways to Win--or do all 3 for 3 chances to win!
- Attend one of our open houses (click here for times and dates)
- Download our app (send us a message to tell us you did it!)
- Contact us and we'll add you to our email distribution list (don't worry, we only email occasional market updates and a monthly newsletter so we won't overload your inbox!)
Drawing will be on September 9, 2015. Winner will be notified via email.
It’s no secret that the housing market has been filled with extreme highs and extreme lows this past decade. And at some point in the last few years, our market hit a low then started to rise. This lowest point is considered the trough. It is the opposite of a peak (the highest value reached within a time period) and since it’s the lowest point and also a turning point, it is followed by a period of growth called expansion.
The graph below shows the peaks and valleys of the Placer County real estate mean home prices from July 2005-July 2015. At the peak, the median home price for Placer County was close to $500K versus $251K at the trough—nearly 50% drop!
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Percent Change from the Trough
The chart below shows the trough month and price for all of California and several counties and areas. The last two columns show the median home price for June 2015 and the percent change since the trough month. While some counties like San Francisco and San Mateo have more than doubled the trough value, other counties, like our own Placer County, still have a ways to go to catch up with the California average for percent change.
Seeing the median prices for each County side-by-side is also a good reminder of Placer County’s affordability compared to other regions. So. Placer County is only a few hours from the Bay area yet the median home prices remain dramatically less expensive.
“In school, you’re taught a lesson and then given a test. In life, you’re given a test that teaches you a lesson.”
– Tom Bodett
5170 Bella Vista Circle, Foresthill 95631
This wonderful home nestled on 1.4 acres in the exclusive community of Monte Verde Estates offers an open floor plan, ample amenities, and a beautiful backyard featuring a 20’ showpiece waterfall. This solar single story home in a park-like setting is minutes from I-80! MLS# 15039856
Offered at $649,000
The Bishop Real Estate Group added yet another new agent, Kyle Bishop! After spending two years in Taiwan and graduating from BYU, Kyle is fluent in Mandarin. He brings confidence and enthusiasm to the real estate process and will be a great asset to the team. Welcome, Kyle!
Favorite thing about working in real estate: Meeting diverse groups of people and hearing their stories.
Three adjectives that describe you: Caring, Excitable, Thirsty
Best advice you ever received: “You’d worry less about what people think about you if you knew how seldom they do.” David Foster Wallace
Fantasy job: Roller coaster tester-outer guy
Favorite TV Show(s): New Girl and Supernatural
Guilty pleasure: Frozen burritos from Costco and sausage, egg and cheese biscuits from Carl’s Jr. (2 for $3.75!)