Guerneville, CA, October 03, 2014 --(PR.com
)-- Millar and Company strives to make sure their clients know what is happening in Russian River Real Estate so that they can make an educated decision when they are placing on offer on a home for sale on the Russian River. The Russian River Real Estate market is heating up and the data collected from BAERIS MLS Tend Graphix Report indicates the market is alive and well in this area. In August of 2014 buyers purchased 33 single-family homes on the Russian River which was a 10% increase from July 2014. The number of single-family homes for sale on the Russian River increased from 57 in April 2014 to 98 in August 2014 which is a 50.8% increase from the number of single-family homes for sale on the Russian River in August 2013.
According to the BAERIS MLS Tend Graphix Report the Russian River's Average sales price jumped from $476,000 in June 2013 to $538,000 in August 2014.Inventory remained at about a two month's supply at the current pace of sales. That is widely considered a sign of a seller's market.
According to local lending agencies interest rates on home loans are in the low fours depending on the loan and the onset of additional FHA and VA programs are making it easier for buyers to find loans which, combined with the low inventory, is driving the market up in this area.