How Early Preparation Can Maximize Your 2025 Home Sale
A Toast to the New Year!
Do you know what goes great with pumpkin spice lattes? Planning your exciting 2025 move! Every year, around this time, I start talking to people about their plans for next year. Here’s why it makes sense:
Timing the Market | Bay Area Median House Sales Price Trends
Being ready and able to list your home early in the year puts you ahead of the competition. This is when the most bidding wars occur because there is not yet a lot of competition, and buyers are eager to start shopping! The sellers who can take advantage of this are the ones who start planning early.
While every year has new economic circumstances, we do see seasonal patterns in real estate. Typically there is an imbalance between supply and demand in the early part of the year that works in a home seller’s favor. Sellers who are able to put their homes on the market in the February to May time frame tend to see the quickest sales and most over-bidding on their homes. However, the summer months remain the most popular time to list property, likely due to convenience and timing around school calendars.
This chart shows the year over year seasonal trends in sales prices. Keep in mind that there is a one month lag due to the length of an escrow. So a low point in January actually represents homes that went under contract in December, and a high point in April represents homes that sold in March.
While it’s hard to predict what will come to pass in 2025, economists are suggesting that there will be a 10-12 percent increase in volume, and personally, I am experiencing more inbound listing inquiries this holiday season than I did at this time last year, so I do sense that 2025 will be a strong year!
*Bay Area Median House Sales Price Trends - Existing single family dwelling sales for 9 Bay Area Counties, per CA Association of Realtors.
Home improvements and Inspections
We can make use of the next few months by ordering your inspections, helping you coordinate repairs, and getting bids for home preparations you are considering. Contractors are not as busy this time of year, so it’s easier to get on their schedule.
Introductions to out of area agents, tax advisors, financial planners, and more!
Are you investigating homes in your new city? Do you have questions about capital gains taxes or moving your tax base? Do you need financial advice for your next chapter in life? I have excellent connections for you. The team approach can be put into place when you start early.
Confidentiality
I take my client’s privacy very seriously, and if we are starting early, you may not be ready to let the neighborhood know. I want you to feel comfortable reaching out to me early and not have to worry about this!
Let’s Work Together! I look forward to hearing from you and getting organized together!
Your Local Realtor,
Kirsten Reilly
