Real Estate Values in Yucaipa - 2nd Quarter of 2014 to 2nd Quarter of 2015

"So Mr. Realtor!  How's the Real Estate Market?"

Well...the facts don't lie, so let's look at the facts. Let's compare apples to apples...to apples.

First...let's take a quick look at the 2nd quarter of 2014 as compared to the 2nd quarter 2015.

Q2 - 2014: 144 homes sold with an average sale price of $313,723
Q2 - 2015: 154 homes sold with an average sale price of $319,116
That is a modest 2% increase in home prices.
Now, consider Q2 - 2013 when we saw 168 homes sold with an average price of just $278,623 and we'll see that from 2013 to 2014 Yucaipa showed nearly 13% growth in home values.

Why does this matter?

Most of the public is still expecting huge growth, but that's not happening right now.  Modest, real, sustainable growth is happening.  However, as a result of the prior year's exaggerated growth rate, many home sellers and their agents (who probably don't 'geek out' on market data like I do) believe that their homes are worth more than they actually are. As a result homes are often listed above market pricing and sell at market pricing, but below the original asking price.  Over the past 30 days alone, 65% of the homes sold in Yucaipa sold at a price lower than the original asking price.  That's 38 of the 58 homes sold actually sold for less than the asking price compared to only 10 which sold at asking and 10 which sold above asking.

And what do I want you to take from this?  Whether you're looking to buyer or sell, don't put so much weight into the asking price of a home.  Trust a real estate professional to run comps on a home you may be interested in. Make sure that they're putting much more weight into "Sold" data than they are into Active or Pending prices.  The "Sold"  price is a fact.  The "Asking" price is a wish.

As always, if you know someone who may be looking to buy or sell real estate, I'd love the opportunity to provide them with the very best service.  If you know folks in a area I don't personally serve, let me find an agent in their area of interest. I'll ask that agent some really tough questions in order to improve the chance that you're exclusively and meticulously represented by an ethical and professional Realtor.

Thanks in advance for remembering my name when the topic of Real Estate comes up in conversation.  If you're local , just remember Andy@LoisLauer.Com I'm always here to help.  

My business thrives by word of mouth.  If you appreciate the information provided on my blog, please share this post on your favorite social media sites, and with anyone you feel could use my service.

Until next time.

Andy Blasquez  Cell ~ 909.539.3292
BRE#01826135
Please follow and share at YucaipaRealEstateTrends on Facebook
E-mail me on Andy.Blasquez@gmail.com

What's the value of your home? FREE Home Valuation.

I've got to say that the hardest part of my job isn't the fact that I'm on call 24/7. It's not the fact that one day I'll be talking to a prospective seller about a million dollar listing and the next day I'm running to a listing with a raincoat, boots and shovel (dealing with some unforeseen circumstance)! The real tough part of this job is having to overcome the lack of trust laid down before me by my predecessors. As a Realtor I often hear my chosen profession as "One step above a Used Car Salesman." So, in an effort to remedy that, here are a my first promise to you; several promises to you in an effort to earn your trust:

• I will complete a fully customized CMA (Comparative Market Analysis) of your home or a home you may be interested in buying. This is the best way to determine what your home might sell for on the open market. 
• I create this free of charge, leaving you with absolutely no obligation to contact me in the future.  
• I will not contact you without your permission.
• I will deliver this comprehensive report to you via e-mail, through the united states postal service, or in person: It's your choice.  
• I will not pester you with phone calls or countless e-mails. 
• I will simply provide the best information possible in an effort to earn your trust, and someday...your business.

How does it work?

1. Simply e-mail me (my contact information is below) the property address that you'd like analyzed. I'll e-mail you back a .pdf file with an estimated market value of the subject property.  
2. I will create this report within 24 hours of your request. If you'd rather have your CMA mailed to you, I will do that. If you'd rather have your report delivered in person, I will do that.

Note: Without the benefit of actually seeing the subject property in person it would be irresponsible of me to claim that the value I give is 'the most accurate estimated value possible.'  However, if you'd like for me to come by and see the property in person, I can make arrangements to do just that. Doing so provides more information, leading to a more accurate valuation.

Click here for a copy of my resume.

Again...this is all done with no obligation on your part.  The information is free.  Use it as you see fit. My goal is never to 'trick' you or pester you into allowing me to bombard you with unwanted e-mails and fliers. My goal is to attract clients; informing clients, in hopes of working together in the future.

I wish you the very best, and thank you for the opportunity to serve you.

Andy

I can be reached at:
Andy.Blasquez@gmail.com
or
Andy@LoisLauer.com
or
909.539.3292

Please follow and share YucaipaRealEstateTrends on Facebook
AndyBlasquez.Com
BRE#01826135