2017 Home Sales Will Continue To Increase

2017 home sales

Sales are projected to be good for 2017, with four separate institutions showing positive growth for the single family home market. It should be added that according to the California Association of Realtors’ 2017 California Housing Market Forecast, there is expected growth in Southern and Central California, with a potential for decline in the Bay Area as affordability reaches a point that makes entry to homeownership difficult at best. Home prices in the region will continue to rise, but possibly at a slower rate than they have in the last couple of years.

2017-sales

Growth has been the overall trend for Southern California home prices, with most all of our Long Beach Market Updates indicating a slow but steady rise in value. This report by C.A.R. and the sales projections reinforces that this trend will continue. But what does this mean for would-be sellers and their plans over the next year?

Should I Wait To Sell Until 2017?

Waiting to sell should always be a decision that’s based off of your needs. Locally and nationally, many things could change in the economy that might make 2017 better for one area but not for another. Much like the market updates we provide for Long Beach neighborhoods indicate, every area has its own ebb and flow in value and sales. Depending on 2017 making your home more valuable than it is today can be a tricky gamble if you’re not familiar with the area sales patterns.

While there are seasonally stronger times to sell, there’s always the chance that your neighbors are thinking the same thing and that you’ll be in competition for the same buyers.  Fall sees a lot of home sales for buyers that are still looking even after the summer, and for the right house, they’re happy to move regardless of the time of year.

The same should be said for you: if you’re ready and waiting to move on to your next home, you could hold out a year if you want. You could also move forward now and see the same kind of value. The decision should be based on what will make you happiest. If you’re just in the beginning stages of wanting to sell your house and want some advice on what works best for your region and for your home’s value, there’s no time like the present to ask an expert and start thinking about your next adventure.

About the Author

Shannon Jones has been selling real estate since 1998 and specializes in listing and marketing homes. She has consistently been one of the top Realtors in the Long Beach area. Prior to her award-winning career in real estate with the Shannon jones Team, Shannon has had successful careers in journalism and public relations. She holds a bachelors degree from UC Irvine and a masters degree from UC Berkeley. Shannon holds E-Pro, CDPE (Certified Distressed Property Expert), and PSC (Pre-Foreclosure Specialist) certifications. Shannon is very personable and maintains a very strong moral compass, always putting the best interest of home buyers/sellers above monetary goals. A California native, Shannon enjoys gardening, travel, reading, cooking and poker when she’s not selling homes MY DESIGNATIONS Lic# 01247705 | CDPE (Certified Distressed Property Expert) | E-Pro | PSC (Pre-Foreclosure Specialist) MY SERVICE AREAS Anaheim Bellflower Buena Park Carson Cerritos Cypress Downey Fountain Valley Garden Grove Huntington Beach La Palma Lakewood Long Beach Los Alamitos Los Angeles County Norwalk Orange County Rossmoor San Pedro Seal Beach Signal Hill South Bay Westminster

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