Real Estate Watch – Deanne Motsenbocker – Portfolio Real Estate
Homes for the Holidays?
The holidays are here! Time to cook, trim the tree, and celebrate with family & friends. For some, it’s also time to shop for a home. Typically the real estate market slows down over the holidays, but it may be an opportune time to put a home on the market.
Many companies hire employees for the New Year and families relocating are actively searching for homes at this time of year. These are serious buyers that need to get settled. Typically there are fewer homes to choose from, which leads to a shortage of inventory; which can help a seller get a better price!
Another way that sellers can take advantage of the holidays is with decorations. The sight & smell of a home decorated for the holidays may help some to picture themselves building warm memories in that home.
Here’s a look at how RSF compares to the country and to SD County.
CURRENT REAL ESTATE MARKET COMPARED TO THIS TIME LAST YEAR (Sources: *National Association of Realtors, San Diego Association of Realtors, Paragon, InfoSparks)
* National Association of Realtors statistics are for Sept. 2014 as Oct. stats are not available at time of going to press. San Diego County and Rancho Santa Fe statistics are for Oct. 2014. ** Pending sales are a forward-looking indicator based on signed contracts *** Home sales were at the highest pace so far this year
Nationally all regions except the Midwest experienced gains in existing home sales in Sept., after a decline in Aug., but were still 1.7% below Sept. 2013. In RSF supply of inventory (MOI) indicates a buyer’s market. This reflects the large number of properties priced at over $2M. When broken out by price range, statistics still indicate a seller’s market in all price ranges below $2M. Buyers this could be a great time to find your perfect home for the Holidays!
Interpreting market trends and understanding people and their motivations is what I do best. Please contact me if I can help you with selling or purchasing a home. Those of us fortunate enough to live here know that our outstanding climate makes living here a holiday year-round! Wishing you and your loved ones a most wonderful holiday season!
Note: Please bear in mind as I write these articles, I will report the facts and my interpretation of them (even when it’s not what I think my readers will want to hear. In real estate, as in life, trust is important and honesty the best policy).
Deanne Motsenbocker CAL BRE# 01724437
Portfolio Real Estate | 858-444-6687
www.portfolioluxuryproperties.com | DeanneMots@gmail.com