New Construction homes - K Hovnanian
Come take a tour with me of these beautiful new homes in Hesperia! Reach out to me for a private tour!
August Market Update
Check out this months High Desert Data! Are you seeing solid equity qrowth where you own? Is now a good time to start building your net worth? I'm here to answer your questions about your home and if your a buyer, I can help you navigate this market
July Victorville Market Update
## July Victorville Market Update: Key Insights for Buyers and Sellers ### Interest Rates: A Buyer’s Advantage - **Current Rates**: - General: 6.34% - FHA/VA: 5.75%- **Trend**: Rates are at their lowest since May 2023, influenced by rising unemployment and lower job creation, easing inflation, and possible future rate cuts by the Federal Reserve. ### Market Conditions: Navigating Low Inventory The market is experiencing a reduction in inventory due to fewer new listings and an increase in expired and canceled listings. This scenario could lead to increased buyer competition and rising home prices as more buyers enter the market. ### Advice for Buyers: Act Now - **Less Competition**: Current market conditions offer a window of opportunity with less competition.- **Favorable Rates**: Locking in today's low rates can result in long-term savings.- **Spring Forecast**: Waiting until spring may result in higher competition and prices. ### Equity and Home Prices: Consistent Growth Victorville homeowners have seen a year-over-year equity increase of 5.75%, with the average home price at $452,000, reflecting a strong and steady market. ### New Listings and Contracts: A Balanced Market - **New Listings**: 174 new listings in July, a 10% increase year-over-year.- **Homes Under Contract**: 127 homes went under contract, remaining steady compared to last year.- **Days on Market**: Homes are selling faster, with a median of 16 days on the market. ### Additional Insights: Future Trends An increase in expired and canceled listings in July could lead to future inventory adjustments. The market may see more activity in early 2025, depending on year-end conditions. For personalized market evaluations and home-buying advice, reach out to me. Now is an excellent time to navigate the Victorville real estate landscape with professional guidance.
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