Seasonal Quiz: What’s the Best Time to Sell?
As Costa Mesa gears up for the traditional peak selling season, the internet is again teeming with facts and figures about selling your home—when is the best time to list, when to close, etc. Of course, in the real world, any “best time” to sell isn’t calendar-based: it’s individual living situation-based.
Mostly just for fun, here is a quiz about the seasonal factor in selling a home, based on a very reliable source for residential housing facts: the NAR®:
What’s a leading reason given for why late winter/early spring is a good time to sell a home?
- In colder climates, spring thaws allow lawns to become visible.
- Tax refunds make more funds available for repairs and renovations.
- Spring school breaks traditionally free families to visit open houses.
Why is the April/May/June period best for selling?
- There is more competition.
- It’s the best timing for summer moves that minimize school interruptions.
- There is less competition.
From 2011-2019, in what month did sellers close for the highest percentage over market value?
- April
- June
- May
Nationally, what are the busiest four months for closings (discounting last year’s disruptions)?
- February, March, April, and May
- May, June, July, and August
- April, May, June, and July
For U.S. sellers, the year’s first above-average revenue results usually occur in what month?
- April
- March
- May
In the U.S., the seasonality factor is most pronounced in what regions?
- South and West
- Midwest and Northeast
- Northeast and South
Those questions and answers skirt a truism that Costa Mesa home sellers might take to heart: the very best time to sell your Costa Mesa home is when it’s ready for market—and when you’re prepared to move. P.S. As you may have guessed, the answers are all (2.). Yet another answer for the best time to sell is after you’ve given us a call!
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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