Big news for home sellers! The California Association of Realtors has reported that more and more sellers are receiving multiple offers on their home. According to the 2012 Annual Housing Market Survey, nearly six of ten home sales (57 percent) received multiple offers, and the percent of sales with multiple offers was the highest in the last 12 years. On average, each home sale received 4.2 offers, a slight increase from 3.5 offers in 2011.
Why is this you ask? Here's the deal: The California housing market has shown increasingly strong sales growth throughout 201; however, there has been a lack of inventory all year as well. With this low supply and high demand, home buyers have once again been competing with each other with more aggressive offers to buy their home.
I have noticed this in many of my recent transactions in North San Diego County. Not only have my sellers received multiple offers, but several homes sold for more than the asking price.
The competition has been the most intense in the REO segment because bank-owned homes are such great bargains these days. More than seven of ten REO sales (71 percent) received multiple offers, an increase from 58 percent in 2011. The short sale market was not as competitive as the REO market, but nearly two-thirds of sales still received more than one offer.
Want a GREAT DEAL on a FORECLOSURE? Start looking HERE!
If you are thinking about selling, please give me a call. I am one of North County’s top listing real estate agents and would love to help you sell your home.
Thank you very much for reading my blog! I hope you found it helpful. If you enjoyed reading this, please let me know by adding a comment below or sending me an email. If you have any additional questions please submit those as well and you may see them on a future blog post.
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Casey Cooke North County Real Estate
Thinking of selling your North County Home? My team of experienced professionals can help you whether in Carlsbad, Vista, Oceanside, San Marcos, Escondido, or elsewhere in North County. We specialize is helping homeowners sell their North San Diego County homes for top dollar with minimal stress and hassle. So, whether you’re selling your home in Discovery Hills, or looking for Buena Creek homes for sale, call me directly at 760-216-6604 or email me at Casey@CaseyCooke.com.
When we talk, I will explain the process in detail and answer any questions you may have. Then we get busy right away marketing your home with professional photos, video tours, high quality print materials, and much much more! If you or someone you know is thinking of selling their home in North San Diego County, you owe it to yourself to check out the #1 Realtor at Coldwell Banker in Vista Village, Casey Cooke!
Thank you for reading this, I hope I have been helpful!
Casey Cooke is a licensed Real Estate agent at Coldwell Banker in Vista Village. License#01845539. Phone: (760) 216-6604. Casey@CaseyCooke.com.
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