This is the way I like January to start out, set's the tone for a good business year. Our listing in the community of Portola Hills at 18950 Canyon Summit, Trabuco Canyon 92679 just closed escrow and I have a happy home seller and lovely couple has their 1st home! To give you an idea about the current market, this home was a 1000 sq. ft. Condo, listed for $290k. We received multiple offers within the first 3 days on the market and settled with a 1st Time Buyer, at a price of $300k. Yes, that is $10,000 over asking and we closed in about 35 days from start to finish! When I look at real estate comparables it always makes me scratch my head why one home sales at one price and others are listed or selling at a lower price or not moving at all? That was the instance with this listing. Understanding the local market, which includes properties available, style etc is key to getting you the right price. If you are wondering the same thing, give us a call and let us
Showing posts from January, 2013
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Wowza, 2012 turned out to be a pretty busy year for the the communities of Foothill Ranch and Portola Hills in Lake Forest. Nice to see properties began to move and better yet, prices started to increase towards the end of the year. The year ended with extremely light inventory of homes for sale, Portola Hills had just 1 listing available and Foothill Ranch had 6 active listings. If you are thinking of a move, now is the time to contact your Realtor, the rules of supply and demand are true , low inventory, high demand + low interest rates pretty much guarantee your home will sell at an increased price. Please, please do not under value your home. We are seeing new listings come on the market valued way below market. Pricing your home at the correct market value will bring you the right results! Take a look at how the market did and if you would like a specific review of your neighborhood, give us a call!