2016 Buyer and Seller Profiles

2016 Buyer and Seller Profiles

Published: 11/03/16

Episode: 3

California Real Estate Update

Volume: Volume 1

2016 Buyer and Seller Profiles

Written and Produced by Laura Artman, MBA

Talent by Mary West

This is the California real estate update for November 3rd. Hello this is Mary West and this segment is sponsored by Group 1 Real Estate.

The National Association of Realtors just released a couple of reports on real estate activity for this year. The first report shows that the typical home buyer for 2016 is 44 years old, married, and most likely to purchase a previously owned home. 88% of buyers in 2016 worked with a real estate agent. Home sellers are 54 years old, have lived in the home for 10 years or more, and listed their home for 4 weeks. 89% worked with an agent.

The second report looks at commercial real estate. Commercial vacancy rates declined for core property types in 2016 including office, industrial and retail properties. Commercial rents have risen about 1.5%.

Thank you for listening and for a transcript, please visit Group1RealEstate.com. This is Mary West with the California Real Estate Update by Group 1 Real Estate.

2016 Buyer and Seller Profiles
  • 2016 Buyer and Seller Profiles
  • A Look at America’s Friendliest Cities
  • Real Estate Markets Ready to Bloom
  • The Power of Landscaping
  • 2016 Real Estate Market in Review
  • Orange County Great for Athletes

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