If you’re thinking about making a move in 2012, now is the time to plan for it. Typically the real estate market kicks off after Super Bowl Sunday. (on’t ask me why because I’ve never understood the connection between football and real estate – I just know it occurs every year!)
For buyers, there are two major reasons to enter this market – low interest rates and relatively low prices.
For sellers, the biggest reason to consider selling now is that buyers seem to finally getting off the fence.
One of the more popular neighborhoods in Long Beach is Lakewood Village, known for its large lots, custom homes and proximity to excellent schools, inclduing award-winning Twain Elementary School.
Four homes sold in the Lakewood Village neighborhood in January 2012 – the same number that sold during January of 2011. This year, sales prices ranged from $375,000 to $630,000, with an average sales price of $488,250. That is down from the average sales price of $583,750 for January 2011.
As of February 7th, there are seven homes on the market in Lakewood Village, ranging from $414,900 to $875,000. Additionally, there are 10 homes in “pending” or “backup” status, ranging in price from $399,700 to $709,900.
If you’d like information on what your home is worth in today’s market, give us a call at 562-896-2456 or email Info@ShowMeHome.com and we’d be happy to provide you with a customized market analysis. You can also logon to www.ShowMeHome.com for a free Market Snapshot.
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