Red-tailed Hawk with Snake Image by Mary Barnett, Moodesigns.com
Merlin with prey Image by Mary Barnett, Moodesigns.com
Water Lilly Image by Mary Barnett, Moodesigns.com
American White Pelican in flight Image by Mary Barnett, Moodesigns.com
Great Egret with Frog Image by Mary Barnett, Moodesigns.com
Ring-billed Gull Image by Mary Barnett, Moodesigns.com
Fox Squirrel Image by Mary Barnett, Moodesigns.com
Snowy Egret at sunset Image by Mary Barnett, Moodesigns.com
Dragonfly Image by Mary Barnett, Moodesigns.com
Damselfly Image by Mary Barnett, Moodesgins.com
Spiderweb Image by Mary Barnett, Moodesigns.com
Northern Harrier Male w/ nesting materials Image by Mary Barnett, Moodesigns.com
Black Phoebe taking a dust bath Image by Mary Barnett, Moodesigns.com
Praying Mantis Image by Mary Barnett, Moodesigns.com
Anna's Hummingbird Image by Mary Barnett, Moodesigns.com
Canadian Goose Image by Mary Barnett, Moodesigns.com
Snowy Egrets and Canada Geese Image by Mary Barnett, Moodesigns.com
Flower Image by Mary Barnett, Moodesigns.com

Pine Mountain Lake Real Estate Market Conditions
2017

We have had a very busy 2016 real estate market with 136 Pine Mountain Lake home sales closed, and there are currently another 18 homes which are in escrow.  Median Sale Price for the year was up an impressive 17.17 % (from 2015) to $228,497!  Median List Price for the homes that sold was $236,250, so Median Sale Price/List Price Ratio was 96.72% (for homes that sold, sale price was usually pretty close to asking price, 3.28% under asking was the average).  59% of PML homes listed in 2016 sold and average days on market for homes that sold was 96 days (my listings averaged 62 days on market).

Why has the market been so good?  Here are my thoughts:

1) Most people are becoming more confident that our economy is improving.

2) Gas prices are better.  Lower gas prices make a PML home more appealing to our typical Bay Area resident buyers looking for a second home.

3) While the stock market is getting a little more “nervous” lately, real estate is again becoming popular as a solid investment.  With steady gains in real estate over the past few years, confidence is once again in place.  The majority of my clients are buying second homes in PML for both investment and vacation use; with many of them having the property on a vacation rental program when they are not using it.

4) The baby boomers are coming!  Each year we are seeing a higher percentage of buyers that are retirees or are buying a second home with intent to retire here soon.

5) More tourists are visiting Pine Mountain Lake.  We experienced a significant increase in vacation home renters last year.  More people enjoying PML vacation homes has brought a corresponding increase in home buyers.

Lots of folks are looking at properties and this website is now averaging about 250-500 page views a day.  The majority of home buyers are looking in the $200K or less price range, but we are now seeing a larger proportion of buyers in the $200-300K range.  The upper end price ranges are also getting more attention now.

Good properties under $200K are becoming rarer, and when they have come up in the past few months they have often yielded multiple offers.  It is apparent that we have a large pack of homebuyers that are waiting for listings to come on the market in this range, and if this is your price range, you have to know the day that they come up and move quickly to view them.

Get New Listing Updates”  is a great tool of this website that allows you to personalize and save a property search and be immediately updated when a new listing that matches your criteria comes on the market.  Please utilize it, and don’t worry; I wont pester you if you sign up for updates.

So, what can we expect in the early months of 2017?…

Inventory is low as many realtors have encouraged their sellers to “rest their listing” for the winter and renew it in the spring so it looks like a new listing.  Personally, I don’t advocate this practice.  Homes do sell in the winter and as proof, I had 3 sales in December.  Christmas and New Years brought lots of visitors, and correspondingly some quality homebuyers to Pine Mountain Lake, many of them motivated by family ties.  To boot, sellers will have less competition right now.

And for those looking for a home, keep in mind that you will have less competition from other homebuyers during the winter, and fewer showings will motivate some sellers to make a better deal.  When you’re ready to begin your home search, give me a call!  It would be my pleasure to show you any homes that you find on this site.  I also can also give you a tour of Pine Mountain Lake and Groveland, and show you the numerous amenities, restaurants, and attractions that make this community such a great place to live.

Tom Knoth

#1 Agent for PML Sales in 2016!
Owner/Broker – Knoth Properties
209-962-5838

Market Statistics (2012-2016)

For the “propeller heads” among you, who just cant get enough stats, I add the following:

In 2012, there were 120 single family homes sold in Pine Mountain Lake, with a median list price of $175,000 and median sale price of $165,000.  The median sale price to list price ratio was 94.28%  These homes which sold had a median marketing period of 148 days on the market.  In 2012, 60% of all single family homes listed in PML were sold.

In 2013, there were 123 single family homes sold in Pine Mountain Lake, with a median list price of $197,000 and median sale price of $187,500.  The median sale price to list price ratio was 95.17%  These homes which sold had a median marketing period of 136 days on the market.  In 2013, 68% of all single family homes listed in PML were sold.  Keep in mind that the Rim Fire was in August 2013 and market conditions were subsequently very slow in the fall and winter.  Despite this, the median sale price in 2013 was 12% higher than it was in 2012.

In 2014, there were 106 single family homes sold in Pine Mountain Lake, with a median list price of $199,450 and median sale price of $192,500.  The median sale price to list price ratio was 96.52%  These homes which sold had a median marketing period of 99 days on the market.  In 2014, 56% of all single family homes listed in PML were sold.  The market had a slow start in 2014 but finished strong.  The median sale price in 2014 was 2.67% higher than it was in 2013.

In 2015, there were 127 single family homes sold in Pine Mountain Lake, with a median list price of $195,000 and a median sale price of 189,000.  The median sale price to list price ratio was 97%.  These homes which sold had a median marketing period of 112 days on the market. 60% of all single family homes listed in this period sold.  The median sale price in 2015 was 1.82% lower than it was in 2014. 

In 2016, there were 136 single family homes sold in Pine Mountain Lake, with a median list price of $236,250 and a median sale price of 228,497.  The median sale price to list price ratio was 96.72%.  These homes which sold had a median marketing period of 96 days on the market. 59% of all single family homes listed in this period sold.  The median sale price in 2016 was 17.17% higher than it was in 2015. 

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