Real Estate Watch – Centermac SD
Is It Time to Sell Your Home?
There is a severe shortage of homes for sale in 92131, and there are plenty of qualified buyers seeking a home in your area! Stats are in for April and we saw only 46 new listings hit the market in 92131 – a 47% decrease from a year earlier (source SDAR). However, with the lower inventory of homes, we saw sales prices rise by roughly 5.7% year over year. Currently there is less than one month of housing inventory available.
So, what does this all translate to as a homeowner in 92131? Maybe it’s time to sell and look at moving up or moving down. The appreciation of equity realized with your home sale could be rolled into the down payment of your new home, keeping your payment either similar to or lower than your current payment. And if you are aged 55 or older, are you aware of Prop 60 and 90? These props allow you to transfer the tax base on your current home to a new primary home, keeping your property taxes low.
For more information on how this works, contact us to learn more. If you want to sell, we have plenty of buyers looking to buy a home – which will make your home-selling journey that much easier.
Professional Real Estate Consultant
BRE # 02004228
Sr. Loan Officer