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Tracy King's Blog

Will the Real Estate Market be Better in the Spring?

This is the hot question for Sellers as we head into the intense heavy holiday season post Halloween, pre-Valentine's Day.  Common wisdom says that people aren't interested in shopping for houses when they have toy firetrucks and the latest video game to buy for the kiddies and spouses.

But we here at the Tracy King Team at Teles Properties do not believe in the "common wisdom" theories of real estate sales because we are not common and neither are our sellers and buyers. We are exceptional! And we believe in doing business all twelve months of the year.

Two weeks before Thanksgiving week we brought a new La Canada listing on the market and sold it in 7 seven days. We also brought a Pasadena listing on the market the week before the holiday and had 100 people at the broker's open house on Thursday and 50 people at the Sunday open house in the pouring rain! We also put an Eagle Rock listing back into a new escrow and finalized opening a new escrow in Highland Park.  Buyers are not halting their home shopping!

On the national front, DSNews.com, a distress property servicer news organization said:



Existing-Home Sales Rise Unexpectedly in October


Sales of previously owned homes got an unexpected boost last month while the number of homes on the market continued to decline, according to data released Monday by the National Association of Realtors. The trade group recorded a 1.4 percent month-over-month increase in existing-home sales in October.


Since our corner of the Los Angeles metro area is generally doing better than the national averages, this is especially positive news.

I know you're still thinking to yourself, "But will the market be even better in the Spring?" - well, that is almost 4 months away and my crystal ball is currently in the shop.  The way we're working, we could be listed, marketed, sold and closed escrow by then - and you could be onto the next part of your life!

So what are you waiting for?  Home buyers sure aren't waiting!

 

Just Sold! 5350 Waldo Place, Eagle Rock
What a wind storm!

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