I'm not going to sugarcoat it - the second half of 2022 was rough for sellers, listing agents, buyer's agents, appraisers, mortgage lenders, and the real estate market in general.
With 2022 in the rearview mirror, we can finally get excited about what is going on in 2023. Even though it has been cold lately (for Southern California standards), the real estate market has already begun to heat up this month. Observations I have noticed thus far:
- Mortgage rates have remained stable and are currently in the low 5% range (clients with well-established relationships with particular banks are getting even lower rates)
- Homes priced appropriately are getting multiple offers. Not 30 but at least a handful of offers.
- As a result, homes priced appropriately are going under contract in a short time -1 home in Canyon Crest went under contract in 14 days and another in just 3 days.
The key takeaway: PRICE APPROPRIATELY.
Right now there is just one active property on the market in Canyon Crest. With nearly non-existent inventory and plenty of buyers wanting to live in Canyon Crest, there is ample opportunity for homeowners to cash in on all the equity that has accumulated over the past couple of years and beyond. Sellers who prepare their homes properly for sale and price at fair market value will achieve success in 2023.
See for yourself what is going on in the Canyon Crest market:
What's currently for sale?
Click here to see properties that are currently active
What properties are in escrow (under contract or pending)?
Click here to see properties that are currently in escrow
What properties have sold in the past 60 days?
Click here to see properties that have sold in the past 2 months
If you are thinking of selling your house in the next 2 years, please contact me. (Yes, I said the next 2 years.) Now may be the best time to get the most return on your investment. Need help determining how your home compares? That is where I come in!
I don't merely market, list, and sell your home. I am a consultant who helps you understand your options, helps create a plan that accounts for your particular wants and needs, and then executes the plan with a precision that exceeds your expectations.
Contact me now and get the best team in the business working for you!