Listing Your Costa Mesa Home: Is There a “Best” Time?
As a practical matter, being able to identify with pinpoint accuracy the single week that market conditions suggest will be the optimal time to list your Costa Mesa home isn’t really possible. For one thing, for a market the size of Costa Mesa’s, the numbers aren’t large enough. That’s why Realtor® Magazine’s annual “Best Time to Sell Report” calculations are based on the entire country’s data, which seldom duplicate our own.
So this year’s “Best Time” calculation is really no better than a hint for how things will turn out when the year is in the books. Even so, if you have been holding your own house off the market, waiting for an unambiguous signal that it’s time to list, that absolute perfect moment does look to be close at hand. Realtor’s calculation for the “Best Time” for 2022 has now been as the week of April 10th-16th—in other words, happening soon!
The background information that accompanied the unveiling of the optimum week was heralded by a graphic dubbed a “listapalooza” of national research. It all pointed to the unambiguous conclusion that “the Spring buying season is here!” Among the figures:
- Right now, 29% more buyers are viewing listings than was true at the same time in 2021.
- Asking prices are $39,000 higher than was the average at the beginning of last year.
- Compared with the average during the last 2019 pre-pandemic weeks, today’s TOM (Time On Market) until sale is nearly a month shorter: 27 days less.
- Number of listings is down 12.9% below the 2021 average.
The figures are based on the NAR’s site but don’t contain any surprises. Knowing that this year’s peak season is already in progress—and that it looks to be very propitious for sellers—is the real news. So, if 2022 is the year you plan on listing your own Costa Mesa home, we hope you’ll give us a chance to project how your property stands to perform in this market!
We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission is to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at info@thel3.com
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