7 Traits of A Successful Home Sale | Sellers
The Huffington Post wrote an interesting article about the best time to sell your home and how this spring housing season kicked off the year with a record low number of homes for sale. The lack of inventory has been a loud cry for buyers all over San Diego..not being able to find what they want and cost extending past comfortable purchase price points.
Today's market value Monday is sharing some best-kept secret bullet points for selling your home this summer. Scroll all the way down for our usual Monday market update with pricing trends and market values.
Get Your Home Sale Ready With These Quick Tips
1. Price It Right - Get Your Complimentary Home Value Report
2. Hire The Right Real Estate Team - Hire Team SchuCo
3. Clean The Clutter - Half Empty Closets
4. Conceal The Family Pet - not everyone loves cats & dogs, they don't want to see the kitty litter box
5. Always Be Ready To Show
6. The First Impression Is The ONLY Impression
7. Post a Video Love Letter About Your Home - we can help with this!
Now...let's take a look at the La Jolla Real Estate Market Trends for this week.
Condos & Townhomes in La Jolla, CA 92037
The median list price in La Jolla this week is $959,000. The 118 properties have been on the market for an average of 194 days. Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.Supply & Demand
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.Median Price - Price trends continued their recent uptrend this week. While still below the market's price high-point, we've seen a nice run recently.
Market Action Index - The La Jolla market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 31.71 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.
Single Family Residences in La Jolla, CA 92037
The median list price in La Jolla, this week is $2,950,000. The 215 properties have been on the market for an average of 140 days. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.Supply & Demand
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.Median Price - The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Price Per Square Foot - The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Market Action Index - The La Jolla SFR market is currently in the Buyer's Advantage zone (below 30), though not strongly so. The 90-day Market Action Index stands this week at 25.42 so buyers should expect to find reasonable levels of selection.
The full Altos Market Research Report are provided by our affiliates at Pickford Escrow, request a copy here and put Altos Report in your subject line.
If you are looking for more information on how to get your home "SALE" ready, check out our Blog Series:
Contact us to go over your options of selling or buying your home in La Jolla.
HIRE TEAM SCHUCO
Teresa Schumacher - REALTOR®
Berkshire Hathaway HomeServices California Properties
1299 Prospect Street
La Jolla, CA 92037
E: tschumacher@bhhscal.com
Ph: 619-995-2132
Make An Appointment
As your full service REALTOR® specializing in the beautiful city of La Jolla, California, it is my personal goal to provide you with exceptional service. Here is where you will find articles on my personal experiences and Real Estate resources. My local expertise backed by one of the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the Real Estate market a definitive mark of stability, strength, quality and innovation.
I “LOVE” my career! Hire me to help you navigate through the home buying or home selling process.
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