Outdoor Projects Can Boost Curb Appeal When You Sell [INFOGRAPHIC]
Some HighlightsIn real estate, a good first impression is key. If the outside of a house looks welcoming, more people will want to come in and see it.Your agent helps you by giving advice on what you may want to prioritize, finding easy fixes that make a big difference, knowing what buyers in your area like, and showing off your updates in your listing.Connect with a local real estate agent so you have expert advice on what'll have the biggest impact in your area.
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Is It Easier To Find a Home To Buy Now?
One of the biggest hurdles buyers have faced over the past few years has been a lack of homes available for sale. But that’s starting to change.The graph below uses the latest data from Realtor.com to show there are more homes on the market in 2024 than there have been in any of the past several years (2021-2023):Does That Mean Finding a Home Is Easier?The answer is yes, and no. As an article from Realtor.com says:“There were nearly 15% more homes for sale in February than a year earlier . . . That alone could jolt the housing market a bit if more “For Sale” signs continue to appear. However, the nation is still suffering from a housing shortage even with all of that new inventory.”Context is important. On the one hand, inventory is up over the past few years. That means you’ll likely have more options to choose from as you search for your next home.But, at the same time, the graph above also shows there are still significantly fewer homes for sale than there would usually be in a more normal, pre-pandemic market. And that deficit isn’t going to be reversed overnight.What Does This Mean for You? You might find a few more choices now than in recent years, but you shouldn’t expect a ton of options.To help you explore the growing list of choices you have now, team up with a local real estate agent you trust. They can really help you understand the inventory situation where you want to buy. That’s because real estate is local. An experienced agent can share some smart tips they’ve used to help other buyers in your area deal with ongoing low housing supply.Bottom LineIf you’re thinking about buying a home, team up with a local real estate agent. That way, you’ll be up to date on everything that could affect your move, including how many homes are for sale right now.
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Median Home Prices Hits All Time Record High in San Diego!!
San Diego County's real estate market has been making waves recently, with median home prices reaching an all-time high. This surge in prices has created a dynamic environment for both sellers and buyers, as well as providing an interesting update on the market. Let's start by discussing the impact on sellers. With the median home price at an all-time high, sellers in San Diego County are reaping the benefits. The demand for homes in the area has never been stronger, allowing sellers to command top dollar for their properties. This is great news for homeowners who are looking to capitalize on their investment and make a significant profit. On the other hand, buyers in San Diego County are facing a more challenging market. With rising prices, the affordability of homes has become a concern for many prospective buyers. However, even with the higher prices, there are still opportunities for buyers to find their dream home. It is crucial for buyers to work closely with real estate agents who have a deep understanding of the market and can help navigate the competitive landscape. Now, let's delve into the market update. According to recent data, San Diego County has hit an all-time record high for median home prices. The median home price in the area has surpassed previous records, indicating a strong and thriving market. This trend is a testament to the desirability of the region, as people continue to flock to San Diego County for its beautiful weather, stunning beaches, and diverse range of amenities. However, it's important to note that the increase in prices does not necessarily indicate a housing bubble. The market has been steadily growing over the years, and this rise in prices reflects the demand and limited supply of homes in the area. San Diego County remains a highly sought-after location, and this demand is likely to sustain the upward trajectory of prices. In conclusion, San Diego County's real estate market is experiencing a significant upswing, with median home prices reaching an all-time high. Sellers can take advantage of this seller's market by commanding top dollar for their properties, while buyers need to be strategic in their approach to find affordable options. As the market continues to thrive, it is essential for both buyers and sellers to work closely with knowledgeable real estate professionals to navigate the competitive landscape. Woody Henderson | Broker | REALTOR 619-850-5432
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