A Good Time to Sell in These 10 Markets

A Good Time to Sell in These 10 Markets
DAILY NEWS
In some counties in the U.S., sellers are seeing sizable profits. RealtyTrac’s October 2015 U.S. Home Sales Report shows the following counties where sellers, on average, sold for the largest percentage profit since purchase: Alameda County, Calif., in the San Francisco metro area: 75 percent gain Santa Clara County, Calif., in the San Jose metro area: 61 percent gain San Mateo County, Calif., in the San Francisco metro area: 58 percent gain San Bernardino County, Calif., in the Riverside metro area: 52 percent gain Multnomah County, Ore., in the Portland metro area: 51 percent gain Denver County, Colo.: 49 percent gain Travis County, Texas in the Austin metro area: 48 percent gain Contra Costa County, Calif., in the San Francisco metro area: 48 percent gain King County in the Seattle metro area: 48 percent gain Orange County, Calif, in the Los Angeles metro area: 46 percent gain In Seattle, the “housing market remains remarkably tight and very competitive,” says Matthew Gardner, chief economist at Windermere Real Estate. “Buyers are still fighting over any new listing which is well priced and this has led to rapid price escalation.  As such, we are seeing an average price gain substantially higher than the national average.” In Seattle, median home prices rose 10 percent from a year ago in October, according to RealtyTrac. Read more: Sellers Are More Confident They’ll Make Money “I believe we will start to see sellers come to market in greater numbers in 2016 as they look to lock in the growth in value that they have seen in recent years,” Gardner says. “This is fairly intuitive as mortgage rates are expected to rise in the coming year which will certainly lead to slowing home price growth.” Source: RealtyTrac

In some counties in the U.S., sellers are seeing sizable profits. RealtyTrac’s October 2015 U.S. Home Sales Report shows the following counties where sellers, on average, sold for the largest percentage profit since purchase:

  1. Alameda County, Calif., in the San Francisco metro area: 75 percent gain
  2. Santa Clara County, Calif., in the San Jose metro area: 61 percent gain
  3. San Mateo County, Calif., in the San Francisco metro area: 58 percent gain
  4. San Bernardino County, Calif., in the Riverside metro area: 52 percent gain
  5. Multnomah County, Ore., in the Portland metro area: 51 percent gain
  6. Denver County, Colo.: 49 percent gain
  7. Travis County, Texas in the Austin metro area: 48 percent gain
  8. Contra Costa County, Calif., in the San Francisco metro area: 48 percent gain
  9. King County in the Seattle metro area: 48 percent gain
  10. Orange County, Calif, in the Los Angeles metro area: 46 percent gain

In Seattle, the “housing market remains remarkably tight and very competitive,” says Matthew Gardner, chief economist at Windermere Real Estate. “Buyers are still fighting over any new listing which is well priced and this has led to rapid price escalation.  As such, we are seeing an average price gain substantially higher than the national average.” In Seattle, median home prices rose 10 percent from a year ago in October, according to RealtyTrac.

Read more: Sellers Are More Confident They’ll Make Money

“I believe we will start to see sellers come to market in greater numbers in 2016 as they look to lock in the growth in value that they have seen in recent years,” Gardner says. “This is fairly intuitive as mortgage rates are expected to rise in the coming year which will certainly lead to slowing home price growth.”

Source: RealtyTrac