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September/October Newsletter - Home Values Up Again

by Southern Californias Top Producing Mother & Son Te

For those of you who haven’t bought a home yet, you might be kicking yourself in the butt after reading this newsletter.  The MLS is showing a huge jump in home sales values for the month of August.  We are now up approximately 20.5% in single family home values in Downey and surrounding areas since the start of 2013.  Can you believe that?  The average sales price for the month of August according to the MLS in Downey and surrounding areas $434,918.  The previous month (July) had an average sales price of $420,184.  That’s a jump of almost $15,000 in one month.  That’s pretty huge!

So the question is where do we go from here?  Are home values still going to continue to rise?  It really is hard to tell.  If anything, we believe prices will maintain their value for a while.  It’s going to be very difficult to disrupt this upward momentum that the market is going through at the time.  With Interest still low currently at around 4.5% and FHA making changes to their guidelines, adding a little more flexibility to buyer’s, it’s hard to see prices going down anytime this year. 

We may see a slight slow-down in activity do to the holiday’s approaching, but believe it or not, in our experience the 4th quarter has been very busy for us real estate wise.  As always if you are interested in selling your home.  You couldn’t ask for a better time to sell with prices being where they are at right now.  You can call Maria directly at 877-883-1003 to schedule an appointment with her.    

Video: Chris gets his Cardio and Helps our Clients at the same time

by Southern Californias Top Producing Mother & Son Te

Some of you may or may not know but I'm a certified personal fitness trainer and I have a blog site where I talk about fitness related things.  You can check it out at www.HartHealthFitness.com.  Anyway, here's kind of a cross over video that relates to both fitness and real estate, so I thought it would be fitting to post this video that I posted on my fitness blog to our Mother and Son Real estate blog as well.  Check it out and if you have a chance visit my blog.  www.HartHealthFitness.com  

 

Chris

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Photo of The Mother & Son Team - Maria Palacios & Chris Gon Real Estate
The Mother & Son Team - Maria Palacios & Chris Gon
Berkshire Hathaway HomeServices, California Properties
16911 Bellflower Blvd
Bellflower CA 90706
(877) 883-1003
Fax: 562-381-9113