Date: Wednesday, February 8, 2012
Location: Crowne Plaza King Harbor – 300 N. Harbor Drive, Redondo Beach
Cost: $15 per person T
ime: 8:00 a.m. – 10:00 a.m.
Parking: $6.00 with validation / $9.00 Valet
Learn more get all the details Click Here
Home » Real Estate Tips
– In 1976, the median price of a single-family U.S. home was up almost 8%, while in California, it jumped nearly 17%.
– Sales that year were up at least by 23% both statewide and nationally.
– In 1988, prices were up a more modest 4.3% nationally, while California’s price shot up 18%. It’s also the first year that the California Association of Realtors had figures for Orange County. How were prices locally that year? Up 25%!
– Sales likewise was booming on the state and local level in 1988, rising 10% statewide and up 8% in O.C.
– In 2000, prices were up on national, state and local levels, with California and O.C. home prices up 11% and nearly 13%, respectively.
– Sales that year were down in the U.S. and in California. But in Orange County, home sales increased 2.2%..
Will the Year of the Dragon be good for real estate? Let’s hear your comments.
We pulled a year’s worth of data on three quarters of a million homes listed across the country and analyzed sales statistics by season. Here’s what we found:
Homes listed in winter sell best.
Yup, you read that right: Overall, homes listed in winter sell best. 5.8% more homes listed in winter eventually sell (compared to the overall percentage of homes listed throughout the year), and they sell 1.4 percentage points closer to their original list price than the median—that’s $4,900 on a $350,000 home.
Why is that you ask? One reason is less inventory, there are fewer home on the market to compete with. Second, serious buyers that are highly motivated shop through the winter months. Lower inventory and more motivated buyers are a good combination for favorable selling conditions. Food for thought, let us know what you think.