Buying and Selling Homes
April Home Sales and Price Report
Statewide median home price climbs,
breaking $500,000 for first time in nine years!
April’s statewide median home price was $509,100, up 5.3% from March and 5.1% from April 2015.
C.A.R.’s Unsold Inventory Index, which indicates the number of months needed to sell the supply of houses currently on the market at the current sales rate, slipped to 3.5 months. A 6-to-7 month supply is considered typical in a normal market.
According to C.A.R.’s sales to list price ratio, tight inventories appear to be driving final sold prices closer to listing prices, with sales prices rising to 99.3% of listing prices statewide.
The median number of days it took to sell a single-family home fell in April to 27.7 days, compared to 29.9 days in March.
Taken from CAR.org 5-18-16 All information deemed reliable but not guaranteed. For tax, investment or ownership advice we suggest you contact an attorney or certified public accountant.
Median = half more/half less
Find out what this means to the value of your home in Southwest Riverside County. Temecula, Murrieta, Menifee, Hemet, Winchester, Wildomar, Lake Elsinore & French Valley. We are available by phone, text and email (951) 522-0518, firstname.lastname@example.org
This entry was posted in Buying and Selling Homes, California Real Estate, Hemet, Lake Elsinore, Menifee, Murrieta, Real Estate Data, Selling Tips, Temecula, Wildomar, Winchester and tagged California, California Association of Realtors, Hemet, Lake Elsinore, Menifee, Murrieta, Real Estate Data, Riverside County, Selling Tips, Temecula, Temecula Valley, Wildomar, Winchester.
With the winter chill in the air it is not uncommon for those of us in the real estate business to meet sellers who say, “I’m going to wait until spring to sell.” Spring is the busy time of year in real estate. That being said, spring is not necessarily the best time to sell a house. Here are 4 reasons why winter might just be the very best time to sell your home.
1. Serious Buyers – It gets dark out by 5 o’clock in the afternoon and it’s cold (by our standards). Buyers that are out looking at homes this time of year are serious buyers. They have narrowed down their search so that they can avoid wasting time in their very short days. Sellers that list their home now may have less showings than spring months, but every buyer through the door is potentially THE buyer for the home.
2. Competition – There is less home sale competition in the winter. Less competition means you have greater access to the pool of potential buyers. Why sell a home when everyone else is? If you are looking to gain maximum value for your home, the easiest way to do that is to sell when there is very little competition.
3. Interest Rate Certainty – If you are selling your home so that you can buy a new place right away, then moving forward now makes the most sense because you know what the rates are right now (or can find out by calling your loan consultant). Rates are volatile and there is no saying what they will look like months from now. Eliminate the uncertainty by moving now.
4. Non-Contingent Buyer – Let’s say that you are planning on buying another house. You could sell your house now and move into temporary housing until spring. This gives you huge leverage when you go to buy a house next. Because you will not have to make offers that are “subject to selling a house.” In the spring, the market gets more competitive so buyers who have to sell a house are pushed to the low end of the totem pole when there are more buyers making offers. If you don’t have a house to sell, you will have an easier time buying your next house. OR if you do want to move from one house to the next- your subject to selling offer may be more welcome by Sellers in winter.
There is no absolute perfect time to buy or sell a home. We work with customers all year long through every season. If you are considering buying or selling a home, call us. Together we can design a strategy that is best for YOU and your family alone.
We have been putting qualified Buyers and Sellers together in the Temecula Valley since 1998. Put our experience to work for you today! (951) 522-0518 or email@example.com Gary and April Greer
This entry was posted in Buying and Selling Homes, Menifee, Murrieta, Selling Tips, Temecula, Wildomar, Winchester and tagged Hemet, Lake Elsinore, Loan and Finance, Menifee, Murrieta, Selling Tips, Temecula Valley, Winchester.
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Looking for a change? Whether you are Buying or Selling we can make your goals happen in 2016. Give us a call, text or email anytime…firstname.lastname@example.org or 951-522-0518 Ask for Gary and April Greer!
by buying or selling real estate with us. You choose from the organizations listed below where 5%* of our earned commissions will be sent. It’s that simple. We are already supporting these great non-profits (and others) but together we can do more!
Michelle’s Place (951) 699-5455 Our local breast cancer resource center
Project Touch (951) 677-9661 Our local homeless and emergency shelter group
Samaritan’s Purse A global humanitarian relief organization
Community Mission of Hope (951) 444-1404 Helping families and individuals in need with food and hygiene items, as well as financial counseling. Partners with the City of Temecula and the The Temecula Food Pantry.
This entry was posted in Be The Good, Buying and Selling Homes, Buying Homes Tips, Helping Others, Hemet, Lake Elsinore, Menifee, Murrieta, Non Profit, Selling Tips, Temecula, Wildomar, Winchester and tagged Be The Good, Buying Tips, Helping Others, Hemet, Lake Elsinore, Menifee, Murrieta, non profit, Riverside County, Selling Tips, Temecula, Temecula Valley, Wildomar, Winchester.
IS THIS YOUR FULL TIME PROFESSION?
For some reason a lot of folks get into “Real Estate” because they think they can work a few weekends and make a quick buck- and this is so far from the truth it’s dangerous.
Buying or selling a home worth hundreds of thousands of dollars should not get squeezed in between your agent’s day job. Do yourself a huge favor and pick a professional that is in the trenches every day, knows what’s going on and can represent you in a full time capacity.
Full time Realtors are more likely to have aligned themselves with a Broker that has expectations and accountability standards. A mover and shaker brand (like Century 21) that takes it success global.
A full time Realtor is more likely to have more experience, more training, attend sales meetings, maintain respectful relationships with their peers and most importantly will have the time available to either find you that great home or market the home you have to it’s highest and best price.
You deserve nothing less!
And by the way…Gary and I are full time professional Realtors! Email us at email@example.com for our
“Buyer’s Guide and Introduction” or “Pre-Listing Introduction” both handouts include our resume for 17+ years local experience in the Temecula Valley including Wildomar, Murrieta, Menifee, Hemet, Lake Elsinore and Winchester.
for all things Temecula Valley call
April Greer @ 951-522-0518 or send me a message at firstname.lastname@example.org