TODAY'S BUYERS ARE SERIOUS ABOUT PURCHASING
Source: Keeping Current Matters - August 4th, 2020
Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged in the process to find a home. That is a significantly higher share than the comparable figure a year ago (41%), which suggests that the COVID-19 crisis and its accompanying record-low mortgage rates have converted some prospective buyers into active buyers.”
 It’s no surprise that buyers are out in full force today. Many Americans now need more space to work from home, and the current low mortgage rates are providing an extra boost of motivation to enter the housing market.
If you’re considering selling your house, know that today’s buyers are serious about making a move. Your opportunity to sell your house in a market with high demand is growing, especially as more millennials enter the housing market too. The same report also notes: “Of Millennials planning a home purchase in the next year, 57% are already actively searching for a home.”
Odeta Kushi, Deputy Chief Economist at First American, explains: “When breaking down house-buying power by educational attainment for millennials in 2019, we find that the higher the education, the higher the household income, and the higher the house-buying power. In 2019, median house-buying power for millennials increased 16 percent relative to 2018.”
As demand for homes to buy grows and more millennials enter the market with growing buying power, the opportunity to sell your house grows too. 
Bottom LineToday’s buyers are serious ones and millennials are helping to fuel that charge. So, if you’re considering selling your home, reach out to us to determine your next steps in the process while buyers are actively looking. |
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CURRENT LISTINGSLaguna Beach |
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VIRTUAL TOURS AND
IN PERSON SHOWINGS AVAILABLEAll Safety Measures in Place, Including Proper Forms and Protective Coverings |
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 | 22200 Paseo Del Sur - $3,295,000
3 bd, 3.5 ba, 3,450 sqft
22200Paseo.com |
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 | 885 La Mirada Lot - $599,000
25' x 100' Ocean View Buildable Lot
LaMiradaLot.com |
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 | 31345 Holly Drive, Laguna Beach
For Lease $10,950/month
South Laguna coastline view home, over 2,900sf.
Annual, unfurnished lease term. |
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 | 30802 Coast Hwy K29 - $259,000
Laguna Terrace 2010 manufactured home on leased land.
Three bedrooms, remodeled, private yard, hillside vistas.
CoastK29.com |
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 | Rembrandt Dr, Laguna Beach - $3,849,500
4 bd, 4 ba, 2,450 sqft
Representing Buyer |
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 | Saint Raphael, Laguna Niguel - $2,150,000
3 bd, 2 ba, 2,657 sqft
Representing Seller |
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 | 730 Fontana Way - $2,240,000
Multiple Offers - Sold over asking in one week!
3 bd, 3.5 ba, 2,343sf
Represented Seller |
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 | 808 Quivera St - $1,485,000
Multiple Offers
3 bd, 2 ba, 1,500 sqft
Represented Seller |
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MARKET STATISTICSLaguna Beach - August 2020 |
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Active - 216 (Down 6% vs. last month.)
Pending - 71 (No change vs. last month)
Sold in July - 48 (Up 33% vs June)
Under $1,000,000 - 4
$1,000,000 - $2,000,000 - 18
$2,000,000 - $3,000,000 - 13
$3,000,000 - $5,000,000 - 8
$5,000,000 - $10,000,000 - 4
$11,500,000 - 1
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