Happy New Year!! The seasonality has finally hit the real estate market… well part of it anyways. The 4-bedroom home medium price in Fountain Valley dropped from $880,000 to $792,500 in December 2017, while the 3-bedroom home median prices held between $735,000 to $750,000 since July 2017. Even though there is a dip in the 4-bedroom homes, I suspect prices will bounce back very quickly due to the continued home shortage. With the Dow Jones breaking records and economy confidence ever stronger, demand is expected to continue. Based on the past 4 months, the of # listings in FV/N.HB is 108, less than 126 in the same period of Sep-Dec 2016. Early Jan 2018 shows a trending like last year, meaning: another year of seller’s market.
For more information, please download and read my January 2018 newsletter.
If you need consultation or assistance in preparing your home for listing, please give us a call. We have years of experience renovating, preparing, staging, and selling homes at any condition and budget. We have also have well-qualified buyers who are ready to deal privately as necessary.
612-888-4698 / 612-888-4MWU
matt@MWUproperties.com