Hey there people! Jay Bond here with the 007 Real Estate Group. Today I would like to discuss some market trends and provide all of you potential buyers and sellers with an inside scoop on the Pismo Beach real estate market. You can consider this blog post as an in depth market analysis or a "kick ass" market analysis (as I like to refer to it).
Now as we all know, the market here in Pismo Beach has been holding steady over the last few months. Prices are slowly climbing upward and both buyers and sellers are entering the market with a lot more confidence.
One thing that I would like to point out is that the median number of days homes have been sitting on the market is roughly half of what it was last year. Last year we were seeing homes sit for 90+ days! Now, the median number of days homes are sitting on the market has decreased to 48
So what has changed? Lots! I believe that property values have increased to the point where negotiations between buyer and seller can actually take place.
If you take a look at the graph below you will see that existing home sales have been trending upward over the last few months.
As the months progress, we will continue seeing property values slowly inching in an upward direction. My advice to buyers and sellers? Embrace it! A stabilizing market is what we have all been waiting for!
If you are interested in purchasing real estate in Pismo Beach CA or one of the surrounding Central Coast Cities, please visit http://www.007realestategroup.com/ to view current homes for sale or call Jay Bond and the 007 Real Estate Group at (805) 709-4027.
If you are thinking about selling your Central Coast property would like to know what your property is worth, please contact Jay Bond for a free consultation. Visit http://www.007realestategroup.com/sell/ or call Jay Bond at (805) 709-4027.
This Blog Post Was Courtesy of Jay Bond and the 007 Real Estate Group
Phone: (805) 709-4027