Skip to content
Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Why the time to sell is now

buying orange county real estate

It is common knowledge that a large number of homes sell during the spring-buying season, so many home owners wait to sell until then. The question is if that will be a good strategy this year.

The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2016. Here is a graphic showing the results:

The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,820,000.
That number spiked to 2,140,000 by May!
What does this mean to you?

With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for a home right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition for a buyer.

Here are two anecdotes showing how hot the market already is.
A home came for sale in my own neighborhood here in Laguna Beach. Within two weeks the home had gained more than 11 offers and was reaching $200k over asking.
One of my buyers was interested in a home in Rancho Santa Margarita. We asked to take a look at it on day 3 of it coming to market, and they already had a full price offer that they had accepted.

Bottom Line

It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today.
The market is tight, there isn’t a lot of inventory, but there are buyers! These buyers are looking for you to sell!

laguna beach real estate agent laguna niguel real estate agent dana point real estate agent newport beach real estate agent

About Jaleesa Peluso, Orange County Realtor & Certified International Property Specialist
Jaleesa specializes in South Orange County real estate, from Irvine to Newport Beach down to San Clemente. Thinking of making a buying or selling your home? Call us now at (949)395-0960!

1 thoughts on “Why the time to sell is now

  1. Pingback: Orange County Realtor Jaleesa Peluso » Bidding in a Competitive Market

Comments are closed.