From the home sales analysts at Pulsenomics comes the latest findings on how home sellers are likely to fare if they decide to list their properties this autumn. Our Costa Mesa market is only one data point in national surveys like this one—but Pulsenomics has a history of accurately zeroing in on the direction of real estate activity. For Costa Mesa homeowners who are exploring selling their house anytime within the next few years, that’s worth checking out.
The major points covered in their most recent release:
• Home value appreciation has improved in 2018 over 2017, with a predicted growth by year’s end of just shy of 6%. Since that’s the bottom line demonstration of the continuing investment value of owning your own home, it keeps home sellers in the power position in negotiations.
• The speed of that same appreciation has begun to slow in more than half of the nation’s metropolitan markets—suggesting that the days when sellers hold the upper hand may be numbered. • Appreciation in home values remains above the historical average.
• Inventories at the most affordable price points continue to lag—another factor which encourages selling. The report is a compilation of the opinions of more than 100 real estate economists and experts whose overall prediction is that sellers’ market conditions will likely continue in most places through 2019; then possibly tilting toward buyers at some point in 2020.
The character of the real estate market is one factor that helps homeowners decide if conditions are favorable for selling their house. Another is the actual data—the recorded sales for similar homes in the immediate vicinity—the “comps.” We’ll be happy to share an in-depth a look at how properties similar to your own have been fared recently (with no obligation, of course). Just give us a call!
We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, L3 has grown to a full staff of 20 serving over 300 clients a year. L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact L3 today at 714-444-4663 or email us at email@example.com