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  Lloyd Leighton's
REAL ESTATE
 
     
  Diamond
MARKET NEWSLETTER
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Red Line
     
   
  15th Digital Edition
   
July 2007
 
     
   
Double Lines
     
   
Finding a Good Real Estate Agent or Lender
Red Line
     
   

     
   
The number of real estate agents in the Sutter-Yuba Association of Realtors MLS system dropped to 235 in 1997. The most recent count has the number of agents at 1,107 which is down from a peak of 1,254 in 2006. The dramatic rise in the number of real estate agents is the result of the real estate boom and has been facilitated by the low licensing standards set by the California Department of Real Estate.

Neither the California Association of Realtors nor the California Department of Real Estate seem interested in dramatically changing the current system. Until they do, consumers are left to fend for themselves. So, herewith are some simple things that consumers can do to see that they are well represented in their real estate transaction;

1. If you have an agent that you know, respect and trust, then look no farther. There are plenty of good agents and you probably already have one.

2. If you don't already have a good agent, then contact a title company. Escrow officers know who all of the good agents are. They do business with these agents on a regular basis and often see a side of them not seen by the public. Follow this link for a list of local title company officers to talk to.

3. Talk to any agents that you are considering using. One of my favorite quotes is "The mark of a good salesman is that his customer doesn’t regard him as a salesman at all, but a trusted and indispensable adviser ..." Use this as a guide in judging the agents you talk to.

4. If you are selling, then ask the agents to do a market analysis for you. While price and commission are important, a higher priority is to find the agent that demonstrates the best knowledge of the real estate market and of marketing. DO NOT get trapped into listing with the agent who quotes the highest price or the lowest commission (in the industry, agents who do this are said to be "buying the listing"). This is especially true in a declining market because you don't want to get caught "chasing the market."

The problem is even worse in the lending field according to all of the local title company managers that I have talked to. In addition to many inexperienced lenders, title company managers cite very questionable ethics by some lenders. This seems to be especially prevelant among lenders who specialize in dealing with non english speaking clients.

As with real estate agents, local title companies can give you the names of some very reputable lenders. Follow this link and you will see some of the loan officers we use.

     
   
Yuba City Real Estate At A Glance
Sales Activity, June 2007
Bedrooms
Active Listings - July 1, 2007
June Sales
1-2
27
5
3
187
30
4
113
15
5+
38
2
Total
365
51
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Yuba City Closed Sales For Last Month
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Closed Yuba City Sales For Last Month
     
 
Original
  
Original
 
Sq.
Listing
Sold
  
Sq.
Listing
Sold
Address
Bed
Bath
Ft.
Price
Price
 Address
Bed
Bath
Ft.
Price
Price

Wilkie Way
1
1
670
$87,500
$70,000
  Westwood Dr
3
2
1852
$359,000
$285,000
Neilson Ave
2
1
930
$159,000
$145,000
 Anthony Way
3
2
1800
$289,900
$289,000
Franklin Rd
2
1
1122
$184,900
$166,900
 Travis Ct
4
2
1706
$304,900
$290,000
Bogue Rd
3
2
1260
$309,900
$200,000
 Tuscany Dr
4
2
2212
$349,900
$290,000
Sanborn Rd
2
2
1000
$229,000
$209,000
 Twin Rivers Dr
4
2.5
1926
$299,500
$291,500
Main St
3
2
1280
$214,900
$210,000
 Muir Rd
3
2
1774
$299,000
$295,000
Woodbridge Ave
3
1
1008
$235,000
$220,000
 Gray Ave
2
2
1930
$299,000
$299,000
Richland Rd
3
2
1280
$239,900
$235,000
 Villa Vista Ave
3
2
2403
$340,000
$300,000
White Oak Dr
3
2
1462
$264,500
$240,000
 Nand Dr
4
2
2250
$300,000
$300,000
Lonely Oak St
3
2
1381
$254,900
$240,000
 Cotton Rosser Wy
4
3
2112
$309,500
$306,900
Northwoods Dr
3
2
1146
$249,000
$241,530
 Valley View Dr
3
2.5
1754
$327,500
$310,000
Phillips Rd
3
2
1452
$256,000
$250,000
 Portofino Dr
3
2
1756
$325,000
$315,000
Crest Dr
3
2
1350
$264,000
$254,900
 Richland Rd
4
2.5
2297
$379,000
$319,000
Fletcher Way
3
2.5
1872
$249,500
$255,000
 Independence Dr
3
2
2000
$349,000
$332,000
Big Oaks Dr
3
2
1482
$264,900
$256,900
 Highland Ave
3
2.5
2419
$439,000
$335,000
Calaveras Ct
4
2
1414
$257,500
$257,000
 Tulio St
4
2
2199
$345,000
$345,000
Harding Rd
3
2
1484
$269,900
$265,000
 Bowen Ct
5
3
2288
$357,000
$357,000
Rose Ln
3
2
1670
$283,500
$265,000
 Redhaven Ave
4
3
2951
$440,000
$365,000
Tradewind Dr
3
2
1497
$279,000
$266,000
 S Barrett
4
2.5
2407
$369,000
$369,000
Parkbrook Ct
3
2
1419
$267,500
$267,500
 Dresser Rd
3
2
1406
$459,500
$405,000
Augusta Ln
3
2
1447
$269,000
$269,000
 Turner Way
3
3
1945
$417,000
$417,000
April Ln
4
2
1700
$289,000
$269,900
 Case Ct
4
3
2690
$457,000
$426,000
Imperial Way
3
2
1614
$311,900
$275,000
 Pebble Ct
5
3
2986
$439,900
$439,000
Southpointe Dr
3
2
1428
$329,900
$279,000
 Cartegena Dr
4
2.5
2680
$499,000
$475,000
Ponderosa Ct
3
2
1639
$279,900
$279,000
 Kensington Way
4
3
3596
$487,708
$488,445
Marlette Ave
3
2
1907
$315,000
$285,000
 Corsica Dr
4
3
2563
$649,000
$625,000
     
                                       
   
Yuba City Active Listings & Closed Sales Chart
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Months of Inventory Chart
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Interest Rate Chart
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Yuba City Median Home Prices Chart

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Yuba City Market Value Index Chart


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Yuba-Sutter Single Family Residence Median Home Price Chart


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The Median Home Price chart and the Yuba City Market Value Index are two different measures of changing real estate prices. What's the difference? Find out on our page, "Measuring Changing Real Estate Values."