October 2020 Newsletter

Posted on: October 16, 2020

Greetings Friends!
It's been an extremely active market since June and we are not seeing any slowdown in sight. Homes across all price ranges have been selling, with buyer demand at an all-time high. It is mostly being driven by the historically low interest rates, in addition to finding a home that is more suited for today's new way of living and working from home.
How is the market across the South Bay? Are homes still selling? Are any new properties being listed? Click on the data links below to check out stats for your city. The 3rd quarter market report also shows the strength of sales throughout the region.
With Halloween around the corner, you may be looking for ways to get into the Halloween spirit. Check out these classic haunting activities we usually enjoy at this time of year, but in drive-in versions of haunted houses, pumpkin pickings, and scary movie viewings.
Across the county we are still experiencing a major lack of inventory; however, this also means right now is an excellent opportunity to take advantage of the lower competition to get your property sold before the holidays.
If you are currently looking to buy, don't let the lack of inventory scare you! While it may look like a strong Seller’s Market, there are plenty of great buying opportunities happening every day too.
Please email me if ou have any questions or if you'd like to discuss the market in your neighborhood!
All the Best,
Love Where You Live
Cheers to a happy, safe & healthy fall season,
Angelique Lyle
DRE# 01475592
For Those Who Seek An Exceptional Home & Life
Months of Inventory based on Closed Sales (MOI based on Closed Sales)
MOI based on Closed Sales = the number of properties for sale divided by the number of properties sold.
Calculated by dividing the number of homes that closed sale in a given calendar month, into the number of homes that were active at the end of a given calendar month. Typically expressed as “If no other homes were listed as of the end of that month, and the current pace of sales prevailed, it would take X number of months to sell through the current inventory.”
Months of Inventory
<3 = seller’s market
3-6 = neutral market
>6 = buyer’s market
All reports presented are based on data supplied by the CARETS. trendgraphix.com
35 Peninsula Center Rolling Hills Estates CA 90274
© 2020 Vista Sotheby's International Realty. All rights reserved. The Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby's International Realty Affiliates LLC and used with permission. Vista Sotheby's International Realty fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Sotheby’s International Realty Affiliates LLC nor any of its affiliated companies. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Information herein is deemed reliable but not guaranteed.
DRE# 01922362
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