Market Analysis
Pine Mountain Club, CA is currently in a slight seller’s market. The median list price is about $425,000, the median price for new listings is $399,000, and the average price per square foot is $220-$223. The average days on market is about 87, and the median days on market is about 35. Prices have decreased by about 29% in the last month, but the sale prices have increased by 3%.
Advice for Buyers
If you are pre-approved, have a good income, and can afford the monthly mortgage, now is the perfect time to buy. Karen recommends not waiting until next year, as interest rates could go up and there could be more competition. She also suggests getting a pre-approval for a loan amount that is lower than what you can afford, as this will give you more options.
Advice for Sellers
Karen recommends not selling unless you need the money to go somewhere else. She also recommends not overpricing your house, as it will not get the desired result. She suggests adding value to the property and holding onto it for at least two to five years to gain equity.
Conclusion
Overall, now is a good time to buy a home in Pine Mountain Club, CA. Interest rates are still low, and there is still competition in the market. However, sellers should be aware that they may not get the desired price for their house if it is overpriced. If you are looking to buy or sell a home in Pine Mountain Club, CA, reach out to Karen and her team for help.
