For those of you who may not have read the front page of the newspaper today, you missed the insight that supports Forbes recent claim that the first half of this year is going to be a hot market for buyers and sellers! The percent of home sales in Santa Clara County rose 44% at the end of the year. This is an impressive statistic considering the traditionally slow fourth quarter the Real Estate industry has experienced in previous years. In a recent article released in Forbes, professionals have projected the best time for homewoners to list their home for sale this year is in the first quarter. With the tax credit extension through April and expansion to repeat homebuyers, there is a high demand in the market for homes. In addition, the median home price in Santa Clara County rose 15% since December of last year, which makes a seller's decision to list their home now promising. While this doesn't mean any given home in Santa Clara County has earned a 15% increase in value, it does show a certain benefit, which stems from suplpy and demand, that has helped start the healing process in our market.
Many homeowners are fearful to sell their home now, as they feel the value of their home will greatly increase in 5-8 years as the market recovers. This will most likely be true. However, the other side homeowners must understand is that now is the prime time also for them to buy. Low interest rates, tax credit and prices make this a great time to buy too!
Contact The Rabello Group for a free market analysis of your home. Now could be the perfect time for you to sell your home!