Spring is one of the best times of the year for sporting events — March Madness, The Masters, and of course, Ponte Vedra’s own The Players Championship.
It’s also the perfect time to list your home for sale according to “Zillow Talk: The New Rules of Real Estate.” Co-authors Spencer Rascoff and Stan Humphries analyzed supply, demand and seller’s outcomes and pinpointed the middle or March to the middle of April, as the optimum time to list and sell a home.
Mid-March to Mid-April
Zillow also looked at the best time windows to list in specific parts of the country. What they found is not that surprising, as the weather heats up so do home sales.
For warm climates — like Florida’s — the peak listing time begins in early March. If you’re in a cold weather climate, like the northeast, the season begins a bit later — around the middle of April.
Here’s a look at their findings:
Here’s the crux of the research. Data reveals that homes sell around 15 percent faster and for about 2 percent more during the mid-March to mid-April timeframe.
Less Competition Means More Exposure
Why? Many homebuyers start their searches on the Internet. So if you list during the last part of February — as a mass of home sellers do — you face a ton of competition.
But if you wait a little longer you can get maximum exposure as the mass of listings are no longer as fresh.
Finding the Serious Buyers — Not the Tire Kickers
Data also shows that lender and agent contacts peak around early April. This is important to know, as serious buyers — not just tire kickers — usually contact an agent or lender when they are ready to act, not just look.
So listing your home, as buyers are getting more serious is a smart selling strategy.
Drop in Time on the Market Comes in Late March
If those aren’t enough good reasons to list now, here’s one more. Late March is typically the first time that the Days On the Market number begins to decrease markedly for homes listed after January first.
This drop shows that demand is growing and homes are selling faster.
Sell Your Home Faster and for a Higher Price
Contact us today and we can walk you through the listing process and have your home on the market as the buying season hits its peak. Reach us at 904-509-7584 or send us an email and we’ll get in touch with you.
Kathie and Neil generated $9 million in Real Estate Sales working with both buyers and sellers in 2013 and $9 million year-to-date 2014. Kathie is a Member and Board Member of Oceanside Rotary and Neil is also a Member of Rotary, a Board Member of the Beaches Museum and History Park, and a Board Member and Chairman of the SEI Private Trust Company.
Kathie and Neil know The Beaches well -- both the real estate market and the area history. Neil authored and Kathie edited, The Beaches: A History and Tour, a 450 year history of this island , now in its third printing.
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