Listing Courtesy of OCEAN ATLANTIC SOTHEBY'S INTL REALTY
At the beginning of any month, Rehoboth Beach onlookers can find batches of fresh reports about national real estate market activity. Take October, for instance. We’ve just learned a bunch about what happened across the country. September’s numbers won’t be collected and analyzed for a while, but the fresh real estate market data for August is out, as well as July revisions. Since earlier findings are always being tinkered with as estimates are replaced with hard results, we also get improved readings from the earlier month.
This latest batch of real estate market news was upbeat, downbeat, and, uh…sideways. Thursday was the first day in October, which was when CNN Money came out with some good old-fashioned cheerleading. “Americans went shopping for homes in August,” they headlined. The reason cited was for new home sales: they notched the highest volume since early in 2008: 552,000. It was a nice way to get the month’s data reports started.
Home prices, on the other hand, were not yet available for the August timeframe—but July’s Case-Shiller Home Price Index had pointed upward. It showed a 4.7% rise in prices paid for homes from a year earlier. This made for “moderate, but still above average, price appreciation,” according to Realtor.com’s chief economist. The prices were seen to have edged up just 0.7% from June, which was “barely higher” yet “much higher than last year.” If that summary had been illustrated, it would have merited both a frowny face and a smiley face.
There were other preliminary soundings about what the August price information was likely to be, and they were just as equivocal.
The National Association of Realtors® tracks pending home sales data (homes under contract but not yet closed), and by that measure, there was a slight retreat from July’s level. Yet although the preliminary number showed a 1.4% drop, that was still more than 6% higher than August 2014’s had been. Which was more compelling? Altogether, the news for sellers was deemed to be stronger. “Demand continues to outpace supply,” according to the NAR. “Shed no tears for sellers.”
If that sentiment is shared by Rehoboth Beach homeowners, it might nudge some into listing their home now rather than waiting for the next truly robust real estate market—traditionally not expected until next spring. Although fall and winter usually find fewer buyers on the prowl for new digs, those who do surface are generally regarded as serious shoppers. And since the number of Rehoboth Beach listings usually declines as the holidays approach, there’s a good argument to be made that less competition tilts in favor of sellers.
We have to wait until next month to get a read on how September activity fared; but for anyone who sees the advantages this fall’s Rehoboth Beach real estate market offers, I share your opinion! It’s definitely worth giving me a call. Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.
Selling your Rehoboth Beach home during the holiday season may sound like a less than ideal game plan, but there are some advantages now present only at this time of year. It’s true that some extra effort may be called for, but it can be worth the endeavor: there are several factors that make showings at this time of year particularly promising.
The first advantage is the flip side of the greatest disadvantage: the slowdown in real estate activity we usually expect over the holidays. That relative paucity of active prospects means fewer showings, so the number of times you’ll be called upon to put your Rehoboth Beach property in peak condition will be smaller. The other side of that disadvantage? The showings we do expect will be to particularly motivated buyers. If they are interrupting their own Christmas and New Year’s activities to go house hunting, they probably mean business. And it’s also likely that they are motivated by a timing deadline. This makes those showings especially promising.
Another positive aspect to selling a Rehoboth Beach home at this time of year is how appealing the staging possibilities become—and with little extra effort. Your regular holiday decorations make the place festive and cheerful every year, anyway—usually little else will be needed to bring those enhancements into play for prospective buyers. Yuletide décor is automatically a kind of natural staging that brings out the cheeriest side of any home…and who doesn’t respond favorably to the scent of cookies in the oven or cider bubbling on the stove?
Along with those automatic holiday positives, owners selling their home in Rehoboth Beach do need to be careful to avoid some built-in potential downsides. Right now the sun stays lower—even at noon—than at other times of the year, so it’s important to make the most of the light that is available. Keep rooms well-lit and window drapes pulled back to allow as much sunlight as possible. Even during daylight hours, most rooms show their best with all lamps and ceiling fixtures turned on. Fireplaces are sought-after features—and this is the best time of year to make the most of yours by keeping a cheery fire blazing.
When you are selling your home during the holiday season you should also make the effort to keep your own schedule as flexible as you can—even more so than would ordinarily be called for. Potential buyers will have their own holiday obligations to attend to, and are often forced to jam showings into tight spaces. It can be worth it, though, when you keep in mind that holiday home shoppers are motivated prospects.
If this December and January look like opportune times to be selling your own home in Rehoboth Beach, it’s not too late to give me a call. I will be active throughout the season, helping Rehoboth Beach prospects find the home of their dreams—the home they will be making holiday memories in for many years to come! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.