Interest rates are still low, there are still buyer's running around out there looking and there isn't enough inventory out there to satisfy them. I know, I get calls and e-mails everyday from new buyers looking for homes.
Here's another reason to sell now, new home construction. New home construction is on the rise, in fact its up 50% in the Western region. Look around you, building is happening everywhere. New construction is in direct competition with you for those buyers, and lets face it, new construction is very often more attractive. I mean it's new, and they have glossy brochures and "$0 down." I mean how can we compete with that.
Another great reason, equity. You may actually have some!!! The market has changed so much over the last couple of years, you may have far more equity than you thought. Those of you who were upside down, you may not be any more. To find out your homes value go to www.thehurstagency.com and click the "How Much is My House Worth" button for a free home value report.
Just take a look at the chart below. Year over year median home prices are up throughout Southern California at least 6%. What does that mean to you, well if you have a $300,000 home in Orange County that home has appreciated by $15,600 over the last year.
Southern California
| Aug-14 | Jul-14 | Aug-13 | MTM% Chg | YTY% Chg | ||
Los Angeles
|
$474,640
|
$461,290
|
$444,950
|
2.9%
|
6.7%
| ||
Orange County
|
$699,430
|
$695,270
|
$664,580
|
0.6%
|
5.2%
| ||
Riverside County
|
$318,640
|
$319,960
|
$290,030
|
-0.4%
|
9.9%
| ||
San Bernardino
|
$209,200
|
$216,570
|
$183,240
|
-3.4%
|
14.2%
| ||
San Diego
|
$510,860
|
$523,070
|
$482,470
|
-2.3%
|
5.9%
| ||
Ventura
|
$602,060
|
$585,830
|
$555,560
|
2.8%
|
8.4%
|
My point is, if you're thinking about selling, or just thinking about thinking about it, call us! Now is a great time to get your home on the market and get it sold!!!
Please feel free to contact us at 888-518-3339 with any questions and of course any referrals!
Let's talk soon!
Curtis
The Hurst Agency
Curtis W Hurst, Realtor and CEO
888-518-3339
curtis@thehurstagency.com
WWW.TheHurstAgency.com
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