It’s been a quick paced real estate market the first half of 2014 in Santee with housing inventory levels shrinking and foreclosures and short sales dropping dramatically. Inventory levels have remained fairly steady in Santee the last few months, with an average of about 60 single family detached homes available most of the time.
Without as many distressed properties on the market, owners considering selling are finding the time to list is now! If you are considering selling, think about this. As long as the number of available homes stays low or remains level, competition for buyers on desirable homes will remain intense. This is a good thing for sellers!
However, for those on the fence about selling, or considering waiting until next year to list, consider this; New construction is making a comeback. While only a few brave builders jumped into the market this year, many waiting on the sidelines are already planning to build again. What does this mean for sellers? One thing – competition!
According to a recent study by Trulia, a majority of buyers actually prefer new construction over existing. We will explore those reasons in another post.
Call or email me for a free home evaluation and to discuss your options to get the top dollar for your home.
Suzanne Coleman – Santee Real Estate Expert