‘Best’ 15 days of year to put a home up for sale in Orange County or L.A. are fast approaching

by davesingery on March 16, 2017

in Los Angeles, Orange County, Properties, real estate

HOUSE PRICES DOWN:  Anaheim Hills homes are seen here, looking north from Sky Blue Way. Home-selling stats from August show that the median price for a home in Orange County was $440,000 — down 31.5% in a year and the cheapest since November 2003.  ///ADDITIONAL INFO:  - Photo by BRUCE CHAMBERS, THE ORANGE COUNTY REGISTER  - photo taken 9/15/08 - ANAHEIM HILLS - Final home-selling stats from DataQuick for August shows that home pricing remains weak. The median selling price for the full month was $440,000 — down 31.5% in a year and the cheapest since November 2003. It’s been quite a fall from the top as the countywide median is down $205,000 — or 32% — from the peak of $645,000 hit in June 2007. This deep discounting is making a difference. O.C.’s August homebuying ran 18.7% above a year ago — the second-straight year-to-year sales gain after 33 months of slumping homebuying.

Sure, the official homebuying season starts right after the Super Bowl.

But putting a home on the market toward the end of spring will boost a seller’s chances of finding a buyer quickly and getting more money, Zillow researchers say.

In 20 of the 25 biggest metro markets in the nation, the best month to put a home up for sale is April or May.

And in Orange and Los Angeles counties, the best timeframe is the 15-day period of April 16-30, the online hometracker says.

Listing a home then can translate into a sale that’s 15 days faster than average, and at a premium of 1%, or $5,600, according to Zillow.

The report says:

“The low supply of homes on the market has pushed the ideal window later in the spring. Many shoppers who start searching for a home in early spring may need to look at several homes and make multiple offers, and may still be shopping a few months later.”

By May, buyers are really eager to be done with it all – many so they can be settled in the next several months for the coming school year – and likely will be more willing to pay up, Zillow says.

Some other places and premiums around the state:

Riverside: April 1-15 – 15 days faster – $3,400

Sacramento: April 1-15 – 17.5 days faster – $6,600

San Diego: April 1-15 – 13 days faster – $6,200

San Francisco: May 16-31 – 5.5 days faster – $10,200

San Jose: May 1-15 -9 days faster – $14,900

See additional locations around the U.S.

Orangecountyregister.com

2017-03-11 18:57:09

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