Foreclosures and short sales comprised 3% of the national sales in June, about even with May but up from 2% in June 2019.
Home sales surge to record pace in June
The California housing market rebounded in June with its largest month-to-month sales increase in nearly 40 years.
Reversing a two-month consecutive drop below 300,000 units caused by the coronavirus pandemic, June’s sales total climbed 42.4 percent from 238,740 in May and was down 12.8 percent from a year ago, when 389,730 homes were sold on an annualized basis.
The month-to-month increase was the largest since C.A.R. began reporting monthly sales in January 1979.
Source: California Association of Realtors
"DATED HOMES" no longer a deal breaker
Move-in ready homes are still very high in demand, but with the housing inventory being tight, buyers are not so quick to dismiss those homes that need a little more TLC as they have done so in the past.
If you have time to oversee the remodel, have cash on hand to pay for the remodel, and are up for the challenge, I suggest getting a fixer-upper.
That is how you build wealth in real estate.
Here's an inside look at the most expensive new listing in La Canada
Here is the most expensive home on the market this week in La Canada Flintridge.
The asking price is $4,450,000.
Want a tour? Text me at 818-445-7953.
Virtual staging will attract buyers to the home.
Virtual staging is when you take a picture of a vacant room and then have a graphic designer digitally add furniture to that room.
That way your online pictures for your home look great, but in reality the room is vacant.
Virtual staging can be good and bad. It's good because your marketing pictures look awesome and you will get a lot of people through your door and touring your home.
The bad part is that buyers get disappointed when they show up and the house looks completely different than how it looked in the marketing photos.
Real furniture staging is always best because it helps a buyer emotionally connect with a home and you don't end up with a bunch of disappointed potential buyers touring your home.
But if you must, virtual staging is a better option than showing a picture of a empty room in your marketing pictures.
