Monday, April 9, 2012

How do I know when to sell my house?

Recently, a fellow agent remarked, "I have three PV buyers and nothing to show them."

Her words may have been a bit of an exaggeration to drive home the point of extremely low inventory on the Palos Verdes Peninsula. There are currently only 178 single family homes for sale in the four cities that make up the Palos Verdes Peninsula--Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills and Rolling Hills Estates.

Market conditions are lining up to signal it's a good time to sell.  
If you're planning to list your property this summer, next year or when the market recovers, you may want to reconsider the timingMarket conditions and personal choice determine timing not calendar month.

The market is signaling now may be the most opportune time of the year to sell a Palos Verdes property. Local market statistics confirm my observation. There are currently 117 single family homes in escrow. At the current rate of absorption, and no new listings, inventory will be depleted in less than two months. 

Timing may be the most underrated component of a successful sale. Location has long been touted as the kingpin. Price must be in line with market conditions and preparation and presentation play a key role in attracting buyers. Timing the market is an art aspired to by many. It is tough and involves luck as well as skill. There will be always be unknown components, but having less competition for qualified buyers certainly tips the scales in favor of the seller.

Currently the competition is almost non-existent, choices are limited and the demand is high for Palos Verdes properties.  If you're considering selling give Norma Toering & Team a call to help you determine the value of your Palos Verdes home and review current market activity.

Sell Smart, Buy Wise and Live Well
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333

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South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.