Connect With Us

Dashboard

Two Signs Spark Costa Mesa Peak Season Action

 

The rationale behind Costa Mesa’s “peak season” for home sales may be open to question, but the fact of its existence has been firmly established for decades. Across the U.S., come springtime and summer, history confirms that the pace of real estate transactions quicken. Last year provided a rare exception—but no one expects it to be repeated in 2021. All expect more homes will be put up for sale, more buyers will appear on the scene, and more sales will result.

The peak season phenomenon might seem counterintuitive since family fortunes and career ups and downs don’t necessarily correspond to the spring and summer seasons. There does exist the education factor—so timing a move from one school district to another so as to coincide with summer vacation explains a portion of the Costa Mesa peak season phenomenon. But hardly all of it.

It seems likely that something like a “bandwagon” effect is at least part of the explanation. Throughout history, when a traveling salesman had something to promote, he’d try to draw a crowd to hear what he has to offer. Once a crowd gathers, sales are more likely to follow. Today’s web influencers have influence only if the number of their followers is substantial. The expectation of a peak season probably creates the peak season.

Whatever the origin, there IS a logic behind sellers and buyers choosing to act in concert. More buyers means Costa Mesa’s home sellers can expect a crowd to appear (in terms of today’s real estate, that translates into more web hits on their listing). It makes sellers more likely to list—giving buyers more options. It’s like any community farmers’ market: once everyone knows that on Tuesday or Friday, a sufficient number of growers and artisans will make the trek into town, the market becomes a worthwhile thing!

This season there are two less mysterious reasons for buyers choosing to check into this year’s edition of Costa Mesa’s peak season:

  1. Many will have marked the upward creep of interest rates. Heads-ups like Thursday’s yahoo!money headline—“Mortgage rates up to highest level in months after historically low run”—provide an unambiguous signal to economy-minded buyers.
  2. There is rare unanimity that U.S. residential prices are expected to continue their rise. If that proves true, it may not only serve to nudge buyers off the fence ASAP—it also raises the expectation that a year or two from now, the wisdom of that decision will be confirmed.

The dawn of Costa Mesa’s peak season traditionally coincides with the lengthening of the daylight hours. If your thinking has been trending toward action, I hope your first move will be to give 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

 

 

 

  

The L3, L3 Real Estate, Costa Mesa Real Estate, Huntington Beach Real Estate, The Best Real Estate Company in Costa Mesa, The Best Real Estate Company in Huntington Beach, What is the best real estate company in Costa Mesa, What is the best real estate company in Huntington beach, Costa Mesa, Huntington Beach

Leave a Comment