As I talk to more construction firms and buyers, the more I get the feeling that 2017 is shaping up to be a banner year for home sales and prices. While there does seem to be a blanket covering an all-out run on home prices (which is good), buyers and sellers are still very particular about what they’re doing when it comes to the real estate market.
With my crystal ball in hand, here are some of the key home price trends 2017 has to offer for those who are looking to make a decision as sellers. You want to pinpoint what works and match it, so you can get an incredible deal as soon as you want it.
The one thing that has become clear when it comes to these trends is how the prices are heading. They are moving upwards and don’t seem to be slowing down at all. Most markets are rising, and that is only going to grow as time goes on.
These prices are rising because the demand is increasing and that is a sign of a healthier market.
People want to get involved in the real estate market and are ready to invest as soon as they can. This bodes well for sellers who are looking to put up their property for sale.
Larger Houses Take Time To Sell
Larger houses are one of those assets which will be valued highly but are not as easy to sell. Trends are showing these properties take time to get off of your hands because they are at a higher price point. With the prices rising, this means larger houses are going to cost a lot more too.
This is where you are going to have to play the waiting game and see how things transpire.
If you do wait long enough, you are going to be able to sell the property, and that is a major plus for those who have time to spare. Those who don’t will have to account for this.
Rising Demand For “Entry” Homes
With key home price trends 2017 has to offer, it has become apparent there is a lot of demand for entry homes. These are smaller homes that are good options for those who are first time buyers. If you are prepared to pay for this, you are going to come out on the right end of things.
Those who are selling these entry homes are also going to get a good price and that is always a positive.
You want to take advantage of this as a seller.
Location Shaping Choices
The one thing home prices have started to show is the correlation between price and location. Many buyers are savvy with their investment and understand this is a major purchase and one they need to make with a lot of care. To do this, they are pinpointing location as a major requirement.
They are zoning in on investments that are going to work out well and won’t create issues in the long-term. This is why location matters a lot in how a house is priced and what it sells for.
With these key home price trends 2017 has to offer, it has become clear buyers are savvy with their purchases and are taking the time to settle in. There is a lot of demand out there in the real estate market because this is one of the best assets to have under your name right now.
Despite a robust rental market, owning a home is still a safe investment in 2017. Near perpetual lows in interest rates, generally low construction and a stabilized job market are starting to reflect in the prices being paid by buyers who are entering the market for the first time.Tags: home price trends 2017, home prices 2017, home sales