Signal Hill Real Estate Report - September 2013

By
Real Estate Agent with KB Home Bre # 01424127

Signal Hill Real Estate Report - September 2013

What is the big real estate story in Signal Hill?   park, bench, sign

Buyer uncertainty, seasonal slow down and the government shutdown have caused the sale of homes to slow, but we have not reached a screeching halt. These factors combined with an increase in inventory levels, as more sellers jumped on the bandwagon attempting to command top dollar for the sale of properties, reflects continuing momentum in Signal Hill home sales.

Active Listings: 24 (Standard: 18 <1 new construction listed $435,000> Short Sale: 5  REO: 1)

Pending Listings: 17 (Standard: 6 Short Sale: 11)

Sold Homes: 9 (Standard Sales: 7  Short Sales: 1  REO: 1)

Signal Hill real estate is primarily a mixture of newer condominiums and townhomes (built from 1970's - current new construction) while the single-family homes reflect a mixture of new and older, built from 1920 - 2010

The average price of sold homes: $346,000  Average price per square foot of $269.  Average number of days on the market: 54

What does this mean for Signal Hill Buyers? bronze statue

Riding the waves of Signal Hill real estate can be a challenging exercise but the recent drop in interest rates should be monitored by buyers. The number of homes for sale has increased, interest rates reflect a slight dip - 4.33% on a 30 year fixed mortgage and the average days on  market remain at 54 days (a large contrast with 30 days in previous months.)

What does this mean for Signal Hill Sellers

The Signal Hill Real Estate Report - September 2013 analyzes real estate trends. Sold homes are 50% less than the previous month, however traditional factors impact real estate sales during the fall/winter season. Serious, motivated buyers are in the market now so do not mistakenly assume all buyers are lookey-loos. This is my favorite time of the year to assist clients as motivations to buy are stronger.

Signal Hill buyers and sellers need an experienced Realtor to guide you through the real estate process. Working with new construction builders, or newer 21st century homes is my area of focus. Call me to assist you with the selling or buying of your next Signal Hill home.

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If you are considering  buying or selling new construction in the Inland Empire ~ Give me call or email me 

Cause We Like Em' New!

 

Kristal Wilson                                           

cell: 951- 288-7079

Shoot for the moon & if you miss you'll be among the stars

 

 

Comments (3)

Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Kristal, great market report. It's good to see standard sales out-number distressed properties. Also good to see builders building again.

Oct 14, 2013 08:56 AM
David Saks
(retired) - Memphis, TN

Great info. Thank you for sharing. Hopes for your continued success.

Oct 14, 2013 09:13 PM
Kristal Wilson
KB Home - Fontana, CA
Cause We Like 'Em New ~ New Home Specialist!

Pam ~ It's a different world down here by the beach.

David ~ thanks for the good wishes.

Oct 15, 2013 11:32 AM