Buyers: Inventory levels are quickly growing as we get closer to the summer months. With rates of foreclosures increasing, sellers that need to sell are becoming more and more willing to negotiate. For additional geographic information on where foreclosure sales are taking place (and if you are looking to take advantage of distressed sale opportunities), see the county map in the prior blog entry. Also, view all homes for sale, including foreclosures, online at SanDiegobythesea.com
Sellers: Since February there was a 15.4% rise in sales of single-family homes. Although compared to the same time last year we’re still off 33.2%. In March the median priced home reached $440,000. Remember, with larger quantities of bank-owned properties being sold, statistical price data will be skewed downward. To sell a property in this market, it is necessary to price it at market value. Overpriced properties get few showings, leading to even fewer offers. A prudent and thoughtful marketing strategy is necessary to make your property standout from the rest. Homes do not sell by happenstance. Visit SanDiegobythesea.com to see how we can sell your property.
