If you have been thinking about selling and waiting for the right time, the time is now! But don't just take my word for it! Here are the data to support the very clear fact that we are going to have an amazing year in real estate in 2016!!
As of December 2015 the number of available listings was down 13.6%, from one year earlier and down 14.3% from the previous year. Even better is the fact that the number of SOLD listings increased 14.9% year over year and increased 48.5% month over month!! The number of under contract listing was up 7% compared to the previous month and up 55.1% compared to the previous year.
The months of inventory based on closed sales is 2.2 months which is DOWN 24.3% from the previous year. This is a key indicator that the time to sell is now! Low Supply + High Demand = Top Dollar for Your Home!
What does that mean for prices? Are people giving their home away? Absolutely not! In fact, they are getting top dollar for their homes! The average sold price per square foot was up 4.2% compared to last year. The average sold price also increased 3.4% from last month!
So the next question is - that information is great but what is MY home worth? We are happy to do a free, no obligation, comparable market analysis (CMA) for your home and give you a pretty solid idea of the value as of NOW! Just click HERE and enter your information and we will send your report right over!
Some additional articles you might want to check out is about the top 10 reasons homes do not sell which you can check out HERE.
Mark and Heather Stevenson are the team leaders for the Stevenson Team, a proud part of Reliance Real Estate Services. Being leaders in real estate for the last 23 years, and having lived in Corona for the last 13 years, they are a dynamic team you can trust! They are in the top 1/2 of 1% of all agents nationwide, and have all 5 star ratings from their clients that you can see HERE. If you are thinking of buying or selling real estate, call Mark and Heather at (714) 749-2179 or click HERE and they will be in touch with you quickly!