Making the decision to move is hardly ever an easy one. There can be many reasons: less to maintain, lower monthly expenses, or it’s just time to move. But this is a large financial decision, and you want to ensure you maximize your sale price.
Because for most of us, our homes are the largest asset we’ll ever own, you want to understand this asset and the market you are in. As you consider selling, you deserve the insight and guidance from an expert in your local market. Here are the top things to know about the Redlands real estate market right now:
With the inherently limited number of properties and consistently high demand, Redlands regularly sees a boost in sale prices. The 2021 median sale price of $513,5000 to today's $613,500, an increase of over 19.4% or a healthy 4% increase year-over-year. More homes are listed than in years past, but with only 19 median days on market. Which continues to push sale prices even higher. The sale-to-list percentage (how close the actual sale price was to the original list price) climbed back to 99.6%. Meaning only .4% of homes in April sold for less than originally listed. To capitalize on your investment, you want to work with a real estate expert who understands how to strategically price and market your home, so you get maximum return.
When correctly priced and positioned well on the market, homes are selling at or above list price, often in only a few days on the market. We have seen price reductions as well, but generally, those homes were priced higher than other properties in their area. Also, knowing that a median home value is the 3rd home that sold out of 5, not the average. You’ll want to work with a professional to assist you in strategically pricing your home to attract buyers who can and will make offers to buy.
The market is quite active, and it’s not showing any signs of slowing. With the right strategic plan, pricing, and positioning for your property and goals, we can attract maximum offers and sell your home for the highest possible price in the fewest days on market.
As a homeowner, what does this mean for you?
If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.
When you’re selling what may be one of your largest assets, you want to know you’ll have step-by-step guidance from the beginning to closing. And that’s exactly what our aim is. With our extensive Social Media network of over 80,000 followers, we’ll ensure your home gets maximum exposure. We are not talking about a simple MLS placement, although we do utilize this platform, which does syndicate your property to hundreds of other websites. Our network is local and vast, and the more eyes on your property, the more qualified offers you have to choose from.
Redlands experienced low inventory in April of 145 homes, likely due to the increase in activity, and there’s no telling when it will slow down. May saw an increase in inventory to 170 units, which is still only a 3-month supply. With inventory low and the median sale price dipping slightly - sellers who work with an expert to properly position themselves on the market can generally expect to secure a nice return.
Buyers are eager to scoop up the available inventory. The days on market in May were only 23 days, a 46% increase from May 2024 at 16 days. With inventory as low as it is, it’s a great time to sell. Regardless of what twists and turns the market takes, to truly maximize your return on investment, it’s crucial that you strategically position your home to buyers.
As Redlands develops, we’ll continue to see property values increase. Generally, at a steadier pace than most cities, and rightfully so, given the charm, options, and variety of homes, recreation, and shopping. Not to mention the fantastic cuisine available.
The market consistently evolves, and you deserve to sell for the highest possible price no matter what. The right
marketing strategy, pricing knowledge, and negotiation power are what make the difference when you’re ready to sell your home and embark on what may be one of the largest financial transactions of your lifetime.
We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.
David O’Hara
License # 01329707
David@AboutRedlands.com
Making the decision to move is hardly ever an easy one. There can be many reasons: less to maintain, lower monthly expenses, or it’s just time to move. But this is a large financial decision, and you want to ensure you maximize your sale price.
Because for most of us, our homes are the largest asset we’ll ever own, you want to understand this asset and the market you are in. As you consider selling, you deserve the insight and guidance from an expert in your local market. Here are the top things to know about the Redlands real estate market right now:
With the inherently limited number of properties and consistently high demand, Redlands regularly sees a boost in sale prices. The 2021 median sale price of $513,5000 to today's $613,500, an increase of over 19.4% or a healthy 4% increase year-over-year. More homes are listed than in years past, but with only 19 median days on market. Which continues to push sale prices even higher. The sale-to-list percentage (how close the actual sale price was to the original list price) climbed back to 99.6%. Meaning only .4% of homes in April sold for less than originally listed. To capitalize on your investment, you want to work with a real estate expert who understands how to strategically price and market your home, so you get maximum return.
When correctly priced and positioned well on the market, homes are selling at or above list price, often in only a few days on the market. We have seen price reductions as well, but generally, those homes were priced higher than other properties in their area. Also, knowing that a median home value is the 3rd home that sold out of 5, not the average. You’ll want to work with a professional to assist you in strategically pricing your home to attract buyers who can and will make offers to buy.
The market is quite active, and it’s not showing any signs of slowing. With the right strategic plan, pricing, and positioning for your property and goals, we can attract maximum offers and sell your home for the highest possible price in the fewest days on market.
As a homeowner, what does this mean for you?
If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.
When you’re selling what may be one of your largest assets, you want to know you’ll have step-by-step guidance from the beginning to closing. And that’s exactly what our aim is. With our extensive Social Media network of over 80,000 followers, we’ll ensure your home gets maximum exposure. We are not talking about a simple MLS placement, although we do utilize this platform, which does syndicate your property to hundreds of other websites. Our network is local and vast, and the more eyes on your property, the more qualified offers you have to choose from.
Redlands experienced low inventory in April of 145 homes, likely due to the increase in activity, and there’s no telling when it will slow down. May saw an increase in inventory to 170 units, which is still only a 3-month supply. With inventory low and the median sale price dipping slightly - sellers who work with an expert to properly position themselves on the market can generally expect to secure a nice return.
Buyers are eager to scoop up the available inventory. The days on market in May were only 23 days, a 46% increase from May 2024 at 16 days. With inventory as low as it is, it’s a great time to sell. Regardless of what twists and turns the market takes, to truly maximize your return on investment, it’s crucial that you strategically position your home to buyers.
As Redlands develops, we’ll continue to see property values increase. Generally, at a steadier pace than most cities, and rightfully so, given the charm, options, and variety of homes, recreation, and shopping. Not to mention the fantastic cuisine available.
The market consistently evolves, and you deserve to sell for the highest possible price no matter what. The right
marketing strategy, pricing knowledge, and negotiation power are what make the difference when you’re ready to sell your home and embark on what may be one of the largest financial transactions of your lifetime.
We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.
David O’Hara
License # 01329707
David@AboutRedlands.com
With 20+ years of experience, we created these to help all those who are looking to buy, get financing, and/or sell their homes. These are free and ready to download at the click of a button! Choose a packet to get yours today.
