Andrew Khouri’s report in today’s LA Times points to a decline in US home sales in March, due largely to rising prices and the resulting “sticker shock.” We won’t argue with the statistics, however what we’re seeing locally — which only occasionally aligns with the national housing picture — is not so much buyer concern as it is a clear lack of inventory. The number of properties for sale on the Eastside, NELA and Pasadena is ridiculously low right now. When anything of quality hits the market it sells quickly, usually to the winner of a bidding war. Doesn’t sound like sticker shock to us.
And it begs the question: why aren’t you selling your house? This is a great time to realize maximum value, with less competition and a large pool of eager, qualified buyers looking to take advantage of low interest rates. We are leaders at guiding sellers through happy and hassle-free sales, in fact for 2013 we ranked #1 at the John Aaroe Group in closed transactions. What are you waiting for? The market is great now. If you’ve been thinking about making a change, there’s no better time.
You can contact us at Tracy Do Real Estate.
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