SoldWATCH Porter Ranch: 2/4/16

By
Real Estate Agent Cal BRE# 00923192


I'm sure that you've heard that the Spring Market is the time to sell your home. The reason this idea is so popular is that yes, a LARGE number of homes sell between April and June, EVERY YEAR. Because of this, many homeowners, like yourself, might wait to put their homes on the market until then.

The question is whether or not that will be a good strategy this year.

Here's my position on that. More homes listed will mean greater competition for buyers. Simple economics says... as supply increases, demand decreases. More homes for sale in the market means buyers have more choices, and this will keep prices from going higher and higher.

What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring. They are out looking for a home right now. In fact, this past month we have had more buyers request help than any January in recent history. In fact, I may be coming back to you shortly with a "wish list" that my buyers have as they continue to look.

Now, let's take a look at what HAS sold this past week.

5 homes sold, ranging in price from $240,000 - $850,000. They ranged in size from 852 - 2627, and were built between 1960 & 1987. The average days it took to sell these homes, was 42 days. Click here for all the details of these listings.

Bottom Line
It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today. Your first step is to get a feel for what your home is worth in comparison to others in your neighborhood. Take advantage of our PinPoint Price Analysis -- it's free, no obligation, and get you started on this journey to selling your home. CLICK HERE to request your analysis.

We look forward to chatting with you soon,
Anne-Marie Stone
(818) 621-9897
Pinnacle Estate Properties
Cal BRE# 00923192

Comments (1)

David Alan Baker Laveen & South Phoenix Realtor
Keller Williams Realty Phoenix - Laveen, AZ
Your local Expert

Great post.  I find that in my market, there is always buyers.  If one needs to sell, then sell.

Feb 04, 2016 10:27 AM