Opportunities Await!

As December unfolds, the real estate market continues to move forward, defying expectations of a seasonal slowdown. Let’s dive into what’s happening and uncover the opportunities available this month.

Current Market Activity

Hi, Zaid Hanna with the Hanna Group at Real Estate 38 here. Let’s start by examining the current market activity. Right now, there are 578 active listings across condos, townhouses, and single-family homes. Notably, single-family homes are moving much faster compared to condos and townhouses, indicating strong demand in this segment.

Pending Sales Update

While active listings remain steady, the number of pending sales has seen a slight drop. This trend is likely influenced by seasonal factors, such as the Thanksgiving holiday, when many buyers and sellers pause their activities. However, this has also led to a slight increase in inventory. Despite this, homes are still selling quickly, showcasing the resilience of the market.

A Success Story: Negotiating in December

Here’s an inspiring case study that highlights the potential of December’s real estate market. Just before Thanksgiving, we worked with a local family to secure a remarkable deal. The property was listed at $2 million, but through skillful negotiation, we were able to bring the price down to $1.74 million—a staggering $260,000 below the asking price. On top of that, we negotiated a buyer credit of $13,980.

This demonstrates that December can be an opportune time for buyers to secure favorable deals, especially if they’re prepared and willing to act quickly.

Opportunities in December

So, how did we achieve such a significant outcome in a market often characterized by multiple offers? The answer lies in timing and strategy. December offers unique opportunities for buyers who are local and active. With fewer competing buyers due to holiday travel and other seasonal distractions, there’s potential to negotiate excellent deals.

In this case, the family also locked in a competitive 5.375% interest rate on a 7/1 ARM with one of our trusted lenders—further proof that great financing options are available even in today’s market.

Ready to Explore the Market?

If you’ve been contemplating a move or are curious about what’s possible, now might be the perfect time to take action. Whether you’re a first-time buyer or an experienced homeowner looking to make a change, December presents unique opportunities to find your dream home or investment property.

Let’s connect! Whether you’re ready to jump in or simply want to explore your options, we’re here to guide you every step of the way. Reach out today at 408-515-1613 or email me at [email protected] and let us help you make the most of this dynamic market.