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Supply and Demand

2/21/2017

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That's the rule, right? Values go up when demand is high and supply goes down. That's where we are now.

​With so many folks waking up and wanting a simpler lifestyle they tend to turn to resources online and search further and further from the "big city." Eventually they find the surrounding areas and see our home values. That's enough for many to make a call and begin to ask questions.

​Take a simple home in the city or suburbia somewhere near Los Angeles and you'll find pricing that keeps one from being able to budget comfortably. That same home here on the hill would go for a fraction of the price. Folks are able to make their monies stretch and what they can afford here is a mansion compared to the meager square footage of the city.

​Currently we have less than 60 homes in inventory and ready to sell. As spring arrives we will see that number increase and look to be the folks who hold the lions share of the inventory available. As a point of reference, we had approx. 120 homes listed in inventory during the summer months last year. I see inventory increasing, but not to that same level this year.

Equally, the number of days a home sits on the market has dropped significantly. That too will be a huge factor as values continue to increase.

​For those ready to buy this is the best time to begin the search. For those ready to sell, this is a perfect time to reach out to us for a free Comparative Market Analysis of your homes value. Let's chat and work out the details.

​Anthony

 
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