May Market Update

Hello all,
Here is the latest market update, as we enter the spring and summer shopping season the market is picking up and there are quite a few buyers in the market. Sellers are seeing multiple offers and shorter market times, which means that sales prices will start to rise as more buyers enter the market. According to this article

Home Sellers Are Pocketing More Money

DAILY REAL ESTATE NEWS | FRIDAY, APRIL 28, 2017
Homeowners who sold in the first quarter realized an average price gain of $44,000 since purchase. That represents an average 24 percent of return on the purchase price, which is the highest average price gain for home sellers in terms of both dollars and percent returns since the third quarter of 2007, according to ATTOM Data Solutions’ First Quarter 2017 U.S. Home Sales Report.
“The first quarter of 2017 was the most profitable time to be a home seller in nearly a decade, and yet homeowners are continuing to stay put in their homes longer before selling,” says Daren Blomquist, senior vice president with ATTOM Data Solutions. “This counterintuitive combination is in part the result of the low inventory of move-up homes available for current homeowners, while also perpetuating the scarcity of starter homes available for first-time home buyers.

To read the article in its entirety you can visit my Facebook page and the link to the article is there, however I posted this portion of the article here because its a great indicator of what the market is doing right now. Here in Northern California we are seeing strong markets with low inventory which is the receipt for sellers to have the opportunity at making a sizeable profit if they choose to sell now. This spring summer season is shaping up to be one of the best for home sellers in the last decade, so my simple advise to my clients and one reading this that may be thinking of selling is to start that process now.
Selling now will give you the best chance to realize some real gains in your property value, so give me a call and when can get the process started by simple assessing the value of your home. Call me now and lets make some money this Summer!

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