February 2019 SoCal Market Update

    February 2019 SoCal Real Estate Market Update

    Welcome to the February 2019 SoCal Real Estate market update!

    To start this market update out we want to talk about January. Overall the first month of the year was a stellar month because we had consistent sales throughout the month and prices somewhat stabilized due to the fact that the Federal Reserve mentioned that they are not planning on increasing interest rates.

    January Met Our Expectations

    Going into 2019 we anticipated that the SoCal Real Estate market would return to a stable market where it’s traditional. This means that homes take longer to sell, buyers have options and mortgage interest rates are decent across the board.

    Overall, January met our expectations and we feel that the month of February will continue the path set in January especially considering that the trade war talks between the U.S. and China seem to be progressing and the recent Government shutdown was only temporary.

    More of The Same in February

    For the month of February, it’s a great time to buy a piece of Real Estate in Southern California because interest rates continue to remain solid, making it an ideal time to buy a house for your primary residence or rental property in SoCal.

    If you’re planning on selling an investment property, or your primary home, to cash out and move on to your next endeavor, as long as your plan is right (Example: decluttering, staging, pricing it correctly) you’re going to get top dollar for your home in today’s marketplace

    Contact the Fred Sed Group

    There’s no doubt that buying or selling a Southern California home can take time and a lot of work Thankfully when you work with an experienced real estate team you can relax and have confidence that your best interests are being represented during the entire process.

    To speak with us about buying or selling your Southern California home contact the Fred Sed Group by calling us at (800) 921-9231 or connect with the Fred Sed Group on Facebook.

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    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the local area.