Happy New Year! 2020 is here and despite the hustle and bustle of the holiday season, the market has not slowed down. Across almost all counties we have seen a rise in average list prices of single family residences. The average days on the market have gone up slightly but not anything to be alarmed of, and most importantly is the decline in the number of Active listings. INVENTORY IS LOW!!!
What does Low Inventory mean to you? Well, if you are a seller, this means that we are currently in a seller’s market and with Tax Season around the corner, more buyers will be looking to invest their tax refunds in homes. Now is the perfect time to start getting your home ready to go on the market so that you are ready to go come Spring! Contact me for a no obligation seller’s consult where I can give you tips on small, inexpensive things you can do to boost your property’s saleability and value.
What if you are a buyer? Interest rates are at an all time low (I know I keep saying this but they just keep dropping!) and even though prices have been increasing steadily, they haven’t ballooned out of hand. The low rates are compensating for rising values, don’t wait for rates to go up. Rental prices are soooo high, you are practically paying a mortgage payment! Why not invest that money in your and your family’s future legacy? Contact me to schedule a pre-qualification consult so that you can see how much you qualify for.
Here is what we saw in changes in Price/Days on the Market/Active Listing Available in December
As always, I am here to help you understand the real estate market. Please do not hesitate to reach out to me with any questions that you may have.
I am only a phone call, email, or text message away and would love to get you the answers that you are looking for.
Yesenia Ruvalcaba-Garcia , 626.252.0839. Yesenia@NewCenturyBroker.com