2014 Central Coast CA Real Estate Sales Nearly Doubled in Last Two Weeks of April

If anyone has been following the Real Estate Market they would have noticed at the end of 2013, before the holidays, as long as a home was priced close to market value, it sold quickly.  Once the end of 2013 sales rush was over, the market slowed down significantly until mid-April 2014, which was probably the best time to buy a home, as sellers were frustrated, due to the lack of buyers looking at their homes.

1517 Homes Sold & homes in escrow from Dec 20, 2013 to April 09, 2014 (4 Months).
718 Homes Sold & homes in escrow from April, 10, 2013 to May 4, 2014 (25 Days).

I have been helping people find homes for years, so it did not surprise me to see the slowness in market in the beginning of 2014.  Rarely if ever have I seen an exuberant Real Estate market in the first quarter of any year.  My guess is that once people start working on their taxes, they want to wait to see what they have to pay to the government before they commit to a large purchase.

I suspect with this new rush of end of April buyers, and after home owners see that what their neighbors home sells for in May, we will start to see a lot higher priced homes become available this June, which traditionally is when home inventories and prices are at their highest.

Now is still a good time to find a home before home prices and interest rates escalate again.

You can see all of my past and future blogs at http://www.dnorwood.com/BLOG.aspx – If you would like an update on the Real Estate before my next blog, please feel free to contact me directly at David@DNorwood.com


About David Norwood - Central Coast Real Estate

ABOUT DAVID NORWOOD Real Estate Broker DRE# 01260196 - 805-270-5860 David@Dnorwood.com http://dnorwood.com David Norwood owned a marketing, design, and photography studio in Los Angeles for 25 years, from 1976 to 1999. He also worked as a Licensed Real Estate Appraiser from 1994 to 1999. After moving to the Central Coast in 1999, he worked as a Realtor/Associate, and shortly afterwards earned a Real Estate Brokers License. Now he has his own brokerage company, David Norwood Central Coast Real Estate. Licensed Real Estate Broker #01260196 Licensed Real Estate Appraiser exp. Master of Science Degree, Cal Poly BA Art / Marketing, Photography and Design Areas Served- All of the Central Coast including, but not limited to: Arroyo Grande, San Luis Obispo, Oceano, Grover Beach, Nipomo, Morro Bay, Cambria, Santa Maria, Cayucos, Los Osos, Santa Margarita, Atascadero, Templeton, Paso Robles, Avila Beach, Pismo Beach and Shell Beach;
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