Market update - August 2020

Posted by Matthew Fletcher on Sunday, September 13th, 2020 at 10:29pm.

Hello friends

I hope you and your loved ones are healthy and well. My wife and I are well and feeling very fortunate during a challenging year.

After a pause in March and April, the Real Estate market in Southern California roared back in May and shows no signs of slowing down. While many sellers have chosen to wait until we can get a handle on the pandemic (causing inventory to remain LOW), buyers are lining up to buy every correctly-priced home to capitalize on low interest rates that are still hovering around 3%!

I've spoken to many of you about refinancing while rates are so low. Call me anytime if I can help suggest a lender or run some numbers for you.

If you're considering moving, low inventory and high buyer demand have created a sellers' market. Despite this low inventory environment, there were 32% more sales in Orange County in August 2020 than in August 2019. For homes over $1.25M, this year over year sales volume increase was a staggering 54%!

If you, or someone you'd like to refer to me, are considering buying a home or an investment property, let me share some tactical strategies to help beat out the other buyers. Or, better yet, let me find you a home that's not yet on the market!

Below are a few recent sales I'm proud to have closed during the pandemic, followed by some nice testimonials my clients have shared on their experiences working with me. It was great to work with a few old friends, make some new ones, and help some of your friends that you've referred to me. If you're not currently living in your dream neighborhood or dream home, call or email me anytime so we can discuss how to change that, even if it's a 6 month or 6 year plan.

Matthew