Are home prices going up? Yes! Is now the perfect time to make a move? Unfortunately, it’s impossible to know for sure. However, what we can tell you is that home prices are definitely rising and continuing to rise. What’s more, they’re not likely to slow down any time soon. That is based on the fact that house prices went up 6.6% year over year in December, according to CoreLogic’s most recent Home Price Index and Home Price Forecast. It is also predicted that prices will continue climbing, increasing an additional 4.3% by the end of this calendar year.
What this means if you want to sell your home…
Home prices made their biggest jump in four years in March, up 7% compared with March 2017, according to CoreLogic. The most in-demand properties are single-family houses under $300,000. They’re usually on the market for a week- if that. Wow! One reason is because Millennials are (finally!) buying homes, meaning more potential buyers, and another is because people feel more secure in their jobs and are ready to take a big leap into home ownership. This should be good news to those considering selling. If you’ve been wavering as to whether or not you should put your home up for sale, reach out to a Real Estate professional and discuss what your home would be worth in today’s market. More than likely, you will find that you can make quite a profit if you sell within the next few months!
What this means if you want to buy a home…
The number of homes for sale has remained very low, according to the study mentioned above. Rising income and consumer confidence has increased the number of prospective home buyers in Southwest Florida. The result of rising demand and limited for-sale inventory is a continued rise in home prices. This could be taken a number of different ways, but it doesn’t necessarily mean you need to wait. It is quite possible that you can actually afford a brand-new home that has never been lived in. How is this possible? Beattie Development is working hard to fill the demand of entry-level homes with our RRB Collection. Several homes have already been built and are ready for your family to move in to, for less than what current homeowners are selling theirs for. Our move-in ready homes start at just $174,900!
No matter what your real estate needs are, the next step is actually the same- contact The Beattie Realty Team! Not everyone wants to build, and we know that. Beattie Development now has a real estate division dedicated to helping you find your Southwest Florida dream home currently on the market. Please reach out to us and discuss whatever realty needs you have, including buying, selling, and even finding a lot to build on. Call Mark (239) 994-6187 today!