How much are chocolate Easter bunnies and marshmallow Peeps right now?
Easter was over a week ago and the seasonal products are now out of date. If you are a chocolate Easter bunny, there are only a few weeks during the year that you are the “it” product.
With a limited supply of homes on the market, homes right now are the opposite of Easter candy. Homes are not on clearance. In fact, many home buyers are paying a premium because there aren’t enough houses on the market to keep up with home buyer demand.
CAR reported, “With a strong growth in employment in March and a surge in consumer confidence to the highest level in the past year, the economy is slowly recovering and life is hopefully getting back to somewhat “normal” in the second half of the year.“*
What lies ahead this spring for real estate in Southern California?
Here are a few of our predictions for the next couple months:
1. Home buyers will continue to enter the market attracted to low interest rates
2. Homeowners who are moving out-of-state or who are taking advantage of the newly passed Prop 19 will put their homes on the market
3. Turnkey listings will continue to be popular because of the higher costs of remodels and convenience of a move-in ready property
As home buyers and sellers who were sidelined in 2020 are entering the real estate arena this year, our systems are in place. We know how to successfully bring a property to market and showcase its best features with professional video, photos, and comprehensive marketing. We know how to write competitive offers and find the “hidden gems” for our buyers.
What do you think? Is it intimidating to buy a house right now because of the fierce competition? Do you wish that you could take advantage of your equity, sell and make money, but you aren’t sure about where you would go next? Contact us today!