Costa Mesa Real Estate - Good News for Sellers!

 There’s good news about the current real estate market for sellers – homes are moving! Take a minute to read about the phenomena that is shaking things up (in a good way!) for Costa Mesa sellers. 

Key Notes:

 -Inventory is very low, which gives sellers the unique opportunity for added exposure-Buyers are out in full force looking to purchase homes while interest rates are at incredible lows-Homes that are priced well are often receiving a lot of attention, which gives them a competitive edge in the market. For instance, some of our listings have gotten multiple offers within just days of hitting the market. This type of demand can encourage buyers to offer top dollar. This excitement in the real estate market is greater than it was even a few months ago and 2012 is certainly turning into a promising year. 

Also note:

 -Of the 95 homes listed since May 1, 2012, 58 homes have all ready closed escrow or are classified as “backup” or “pending” in status according to the SoCal Multiple Listing Service. (That’s over 60%!) -The average days on the market for homes listed since May 1, 2012 is just 21 days. 

Your Turn:

 Would you like to find out the “value” of your home in the current real estate market? You might be surprised. Contact us today for a no-strings attached evaluation at 714-540-7355 or info@torellirealty.com.