2014 Is Shaping Up To Be A Great Year For Real Estate In The Lamorinda Area!

As you may have heard, the 2014 spring selling season is underway and it is expected to be a very good year for both buyers and sellers in the local real estate market.

According to statistics from the California Association of Realtors, single family residential home sales are 3.2% higher for early 2104 than they were in 2013. In addition, the actual sales price is rising as well, with 2014 showing a 6% gain in the median price of resale homes.

How Can The Market Be Good For Both Buyers and Sellers?

While this may seem contradictory to some, both buyer and seller activity is expected to be greater this year. Buyers are spurred on by some very good deals that are on the market, as well as by the low mortgage rates.

Sellers, on the other hand, are enjoying a bit of relief from the pressure of competing with distressed houses, as the number of distressed homes on the market continues to fall. In addition, many sellers have been waiting for the market to recover, and this has allowed the inventory of available homes to fall, creating less competition and more buyer interest.

If you are considering buying or selling a home, there is no better time than now and no one understands the housing market in Lamorinda like Stella Tsakonas. Why not call her now and let her show you how to make the most of the 2014 real estate market!