Arroyo Grande June Real Estate Report: Improvement... and Challenges
For the month of June Arroyo Grande showed great improvement over the previous difficult months. Closed sales were down only 12%. This is such welcome news and is a positive sign for the future in the face of the challenges we all face. Pent up demand and historically low interest rates have helped bring back the market.
Challenges remain, though, with pending sales being off 47%. That number doesn't necessarily mean that July will be down that much. The pent up demand and low interest rates will hopefully continue to push July sales up.
There is really good news for sellers from June. New listings were off 20%. This indication of continuing low inventory combined with increased buyer demand stimulated by low interest rates means that prices will be stable and may even go up. For June price per square foot remained stable. So... if you are thinking of selling, July or August would be a great month to list knowing that you'll likely receive a good return on your real estate investment.
The best way to insure that you'll receive the maximum return on your real estate investment is to go with a listing plan designed to put more $$$ in your bank account at the close of escrow. That is exactly what my "Kept Equity" listing plan is designed to do. Don't leave your equity dollars on the table... which is very possible with plans designed to just "sell" your home. Click the link and check out this strategic plan on my website: https://www.slolifenow.com/cp/listing-plan/
As a comparison to Arroyo Grande numbers, San Luis Obispo county for June showed closed sales off 17%, pending sales only down 8% and new listings off 22%. The much better pending sales number is a positive sign for Arroyo Grande as well.
I hope this information is helpful to you. Let me know your questions and suggestions.
Have a fun and rewarding summer!