“It’s the most profitable time to sell a home in almost 10 years.” –CNN
Our source tells us that homeowners that sold in the first three months of 2017 saw an average price gain of $44,000 from purchase, according to a recent report from Attom Data Solutions. This is the largest gain recorded since 2007.
Home are also moving faster! Homes were on the market for an average of 45 days this year as compared to an average of 84 days in 2011, as per a study done by Clear Capital.
While this could mean more competition for buyers, working with a helpful team full of real estate professionals and an all-star group of service providers, such as TBG Homes, will help buyers soar in their home search making it a win-win for both buyers and sellers!
In exciting news, the markets with the highest return on previous purchase price include Los Angeles at a 50% rate according to Attom Data Solutions’ study. The list also features other cities in California such as Modesto at 51%, Stockton at 51%, Vallejo at 47%, San Francisco at 65% and San Jose at 71%! With numbers like these, it’s no wonder that California is a great place for home sellers in the current real estate market!
Did you find this information helpful? We’d love to hear from you! Contact TBG Homes at (310) 432-5755 or TBGHomes@kw.com for more info about your real estate needs.
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