Kali Real Estate

Property Management in Chula Vista

It Pays to Use a REALTOR®

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It-Pays-To-Use-Realtor

The typical For Sale By Owner (FSBO) home sold for $46,000 Less during the past year than home sold with the assistance of a REALTOR®.

  • On average, FSBO homes sold for $184,000
  • Homes sold by a REALTOR during the same period sold for $230,000

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Most Difficult tasks for FSBO Sellers:

  • Understanding and performing paperwork
  • Setting the right price
  • Preparing/fixing up home for sale
  • Helping buyer obtain financing
  • Attracting potential buyers
  • Selling within the planned length of time
  • Having enough time to devote to all aspects of the sale

Source: NAR’s 2012 profile of Home Buyers and Sellers

California Association Of Realtors

Top 5 Reasons For Buying

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top-5-reasons-for-buying-a-home

 

Why did most Californian purchase their home in 2013?

Price Reductions:                                             38%

Favorable prices and/or financing:        12%

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Desired a new or better location:             10%

Investment or tax advantages:                    9%

Tired of renting:                                                  7%

 

Source: California Association Of Realtors® 2013 Home Buyer Survey

Americans Are On The Move

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americans-on-the-move

 

Now that the economy has begun to stabilize, people are ready to move into new homes.

5.4% More houshold moved this year than last

An estimated 36.5 million people moved in 2012 – up from 35.1 million in 2011

54% of peope in the western US say they’re more comfortable purchasing a house today than any other time in the past 5 years. THIS IS HIGHER THAN ANY OTHER RECION IN THE COUNTRY.

Why are people moving?

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A Better Neighborhood: 30% of respondents

An easier commute: 21% of respondents

 

Sources: US census Bureau, Mayflower Moving company, CAR

California Home Prices: A History

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California Home Prices A History

Over the past 42 years, home prices have risen in California almost every year, and they’re back on the rise. History shows that home ownership in California is a solid long-term investment.

1970 $24,640
1971 $26,880
1972 $28,810
1973 $31,460
1974 $34,610
1975 $41,600
1976 $48,630
1977 $62,290
1978 $70,890
1979 $84,150
1980 $99,550
1981 $107,710
1982 $111,800
1983 $114,370
1984 $114,260
1985 $119,860
1986 $133,640
1987 $142,060
1988 $168,200
1989 $196,120
1990 $193,770
1991 $200,660
1992 $197,030
1993 $188,240
1994 $185,010
1995 $178,160
1996 $177,270
1997 $186,490
1998 $200,100
1999 $217,510
2000 $241,350
2001 $262,350
2002 $316,130
2003 $371,520
2004 $450,770
2005 $522,670
2006 $556,430
2007 $560,270
2008 $348,490
2009 $274,960
2010 $305,010
2011 $285,950
2012 $319,340

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Source: C.A.R.’s Annual Historical Data Summary

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