Our Castro Valley homes are becoming increasingly multifunctional, supporting us as we work, relax, learn, and play. As our lives expand, we often need more space, nicer amenities, or a more convenient location.
While this is an exciting time, there’s a lot of money on the line. For most of us, our homes are the largest asset we’ll ever own—so you are right to want to understand this asset if you’re considering selling.
Here are the top things you need to know:
Demand is up, the market remains strong.
Last month we saw the typical April numbers go up and down in critical areas showing us the market is strong. Last month, Castro Valley averaged just 0.4 months of available homes. This means that without new listings, all available homes would sell in less than one month! This has caused homes to sell faster and with multiple offers. The median sale price remains strong at $1,287,500 in April. This is great news for homeowners who are ready to maximize their equity. However, even in a hot market like ours, it takes careful preparation and a proven strategy to capitalize on current trends.
We continue to see homes sell with multiple offers.
Correctly priced, well-marketed homes are selling at or above list price, in few days on market.
In fact, homes typically sold in just 13 days in April. That’s the same as March showing us that in the market homes are still selling fast. The speed is a result of a consistently strong demand for homes in our area. Increased competition among buyers is also having positive effects on the sale-to-list price ratio, which continues to be strong at 117.04% in April. These stats really add up when you are selling your largest financial asset. Based on these numbers, we can see that well-prepared homeowners are routinely getting tens of thousands over the asking price!
Buyers are searching now, and competition will only increase come spring.
In working with buyers in the marketplace many are disappointed as when you have 10 or more buyers wanting one property there are a lot of disappointed buyers as you would imagine. With the extreme demand the market is not showing any signs of slowing. This is actually a great time to list your home. Low interest rates are still bringing buyers into the market, and current inventory is struggling to keep up.
But what does this all mean for you?
If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.
Moving can be a complex process, so it’s essential to have professional support that goes beyond sticking a sign in the yard. Our cutting-edge tools and strategies are designed to make your home a showstopper both online and in person. In combination with a multifaceted marketing package, we’ll connect you with the resources you need to get your home in market-ready condition.
With over 30 years of experience buying and selling real estate, I know what it takes to help you make a graceful transition to your dream home. You deserve the highest possible price in the fewest days on the market–and our tried-and-true process is designed to do just that. We’ve helped sell over 1000 homes in the Castro Valley area real estate–and we can do the same for you.
If you’re wondering what it would take to maximize the equity in your home, call today for your Strategic Marketing Consultation
Call Tim today 510-708-8700
HOME VALUES ARE ON THE RISE
Demand for Castro Valley homes remains strong. With our excellent school system, downtown improvements, parks, trails, the BART transit system, and our strong sense of community, buyers continue hunting for homes in our area. As a homeowner, strategic marketing and positioning are the best ways to maximize your equity when it’s time for a change.
INVENTORY REMAINS SCARCE
There are only so many properties available in Castro Valley in the first place and, while there are more homes listed than one year ago, inventory is still extremely limited. A low number of homes on the market combined with a strong pool of buyers means healthy competition. Homes that are priced correctly and marketed strategically often sell quickly, with multiple offers.
WHAT TO EXPECT WHEN SELLING YOUR HOME
Summer is here and now is the best time to plan your move and prepare your home and market plan before summer is officially here. With your hard-earned equity on the line, you deserve expert guidance and first-rate service from the very beginning. With the help of a professional with years of industry experience and a world-class marketing package, you can rest assured that you and your home are wellrepresented at every turn.
Let’s discuss your goals, your schedule, and your home. Together, we’ll create a stress-free plan for getting you the results you deserve.
Call Tim today 510-708-8700
eXp Realty of California, Inc.
Based on information from the Bay East MLS as of 5/5/2020. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information