Canyon Country Real Estate Update: Are Interest Rates Going Up and Would You Buy?

First Responder Realtor | Connor with Honor | Defending Your Real Estate Interests with Integrity, Expertise, and Dedication Since 1998

Welcome to the Canyon Country real estate update for November 22, 2024. As we close out the 47th week of the year, the Canyon Country market remains active and full of opportunities for buyers and sellers alike. Let’s dive into the latest trends, market data, and important considerations that can help guide your real estate decisions.

Market Activity: Canyon Country Snapshot

Over the past seven days, the Canyon Country real estate market has seen significant movement:

• 13 New Listings: Fresh properties have entered the market, giving buyers new opportunities to find the perfect home.
• 11 Price Changes: Sellers are adjusting their strategies, showing motivation to meet buyer expectations.
• 3 Back on Market: Homes that fell out of escrow have returned, offering a second chance for interested buyers.
• 10 Active Under Contract & 5 Pending: A total of 15 properties are progressing toward closing, reflecting steady demand.
• 16 Closed Sales: Completed transactions highlight a healthy level of activity in the market.
• Minimal Withdrawn, Expired, and Canceled Listings: This shows that most sellers are committed to the process, with only 2 expired, 1 canceled, and 4 listings on hold.

Is Now a Good Time to Buy or Sell in Canyon Country?

For Sellers:

If you’re considering selling your home, now might be a great time to act. Here’s why:

• Motivated Buyers: With 15 properties moving into escrow this past week, there’s clear evidence of buyer interest.
• Pricing Matters: With 11 price adjustments, sellers who position their homes competitively are reaping the benefits. Pricing correctly from the outset is key to attracting offers.
• Year-End Buyers: Many buyers are eager to close before the end of the year, making this a favorable time for sellers who want to take advantage of the holiday push.

Consider this: If you were selling a home in Canyon Country today, would you price aggressively to attract multiple offers, or hold firm and wait for the perfect buyer? What strategy would best serve your goals?

For Buyers:

Buyers, the Canyon Country market offers exciting opportunities despite higher interest rates. Here’s what you need to know:

• Negotiation Opportunities: Many homes are selling below list price, so don’t hesitate to make an offer. Sellers are showing they’re open to negotiations.
• New Inventory

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