Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

Video Testimonial - A family helping families

by Southern Californias Top Producing Mother & Son Te

We take pride in doing everything in our power to make sure our clients are 100% satisfied with our service to them.  We really enjoy what we do because we have the understanding that a home is vitally important to every family.  We're excited to close on this home for the  Pedroza family in Downey, CA.  Have a listen to what they had to sat about working with the Mother and son team and hopefully when you're ready to buy or sell a home, you'll know who to call!  =)  Reach us anytime at (877) 883-1003.

HOME VALUES HOLDING STRONG THIS MONTH

by Southern Californias Top Producing Mother & Son Te

We're going to change things up a little this month and show a graph of Active Listings VS. Sold Listings.  This graph displays how many Active listings there were in any given month and how many listings sold that month.  We are still experiencing low inventory (Active Listings) compared to years prior.  That still seems to be contributing to a higher demand on homes which in turn is creating more of an elevated price on home values compared to years past. 

Location is key!  This graph displays the sales activity in Downey and surrounding areas and as mentioned above, Downey and surrounding areas has increased in value the last few years.  This same trend is being experienced throughout many areas of Southern California including  areas of the Inland Empire.  Average Sales Prices held strong at an average sales price of $495,461 for the month of Nov according to SoCal MLS data.  You can't beat Southern California real estate!  Give us a call if you're interested in buying or selling your home.  We'd love to show you the benefit of working with the Mother & Son Team!  

Time frame is from Jan 2010 to Nov 2014

Type is 'Single Family Residence'
County is 'Los Angeles'
City is one of 'Bellflower', 'Cerritos', 'Downey', 'La Mirada', 'Lakewood', 'Long Beach', 'Montebello', 'Norwalk', 'Paramount', 'Whittier'
Results calculated from 33,929 Listings
 

LIST YOUR HOME NOW!!!

by Southern Californias Top Producing Mother & Son Te

The picture we created above explains everything.  As we mentioned before, simple economics tells us that when Supply is low, demand is high.  And if demand is high, well when it comes to real estate we’re talking an increase in home purchase prices!   Only $1,205 Listings came Active on the market last month which the lowest amount of homes to come on the market in 4 years!  Look to your right and you’ll see that the same amount of homes is selling each month.  This means one thing; people are still buying homes at the same rate but the selection from which buyers have to choose from is limited.  This is why it’s a great time to sell your home!  With a limited supply and with not as many homes for buyers to choose from, your home is extremely desirable and is very well a hot commodity at this time.  Sellers will most definitely get the most bang for their buck if they sell now!

Now this is not to discourage buyer’s… Although interest rates have climbed up since the beginning of the year, overall compared to the boom of 2004-2007, they are WAY, WAY, WAY LOW!  Right now according to Bankrate.com interest rates in California are around the 4.15% area.  If you’re a buyer, know this, property values are going to climb higher and interest rates are projected to increase by the end of the year.  So if you want to buy a home, waiting to make a move is not in your best interest.  Make a move now!  We can help you!   Call us 562-883-1003!

New 4 Year High's in Home Values

by Southern Californias Top Producing Mother & Son Te

So what’s going on with Real Estate in Downey and Surrounding areas you ask?  EVERYTHING!!!  Home values are shooting up.  Hopefully you want to take part in this uptrend…  The average sales price in April was $425,687 which completely obliterated March’s high of $399,778.  This is officially the first time we’ve seen average home values on the $400,000’s in over 4 years.  Values in one month alone jumped up approx. 6.5%.  Since the start of 2013, values have shot up about 14%.  So those who decided to buy a home at the beginning of the year already have gained about 14% equity on their homes.  It’s amazing!

This is all taking place while interest rates still remain extremely low and affordable.  Bankrate.com shows interest rates for California at an average of 3.69%.  Although all this is taking place in the market, we are still running into one problem…  INVENTORY!  Because of this we will most likely continue to see property values rise throughout the year.  Take a look at the red line across the graph.  That was the point of resistance that home values seemed to be unable to surpass for the last couple of years.  Now that this point of resistance has been broken, we’ve reached a new level in home values.  That resistance level that was broken typically now becomes the point at which values will bounce back up from.  All in all, we’re in a strong real estate market.  If you need to sell, now is the time!  Get top dollar for your home while buyers are still able to take advantage of these low interest rates!

Displaying blog entries 1-4 of 4

Syndication

Categories

Archives

Share This Page

Contact Information

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