Home Sales Soften in August / September

What Features Do Buyers Value?

Southern California and San Diego home sales in August and September backed off slightly, as prospective home buyers were spooked by the prospect of a federal shutdown, national debt talks, rising mortgage rates and weakened consumer confidence. The low inventory of residential homes and the increased uptick in home prices over recent months also added to things throttling back a bit in the Fall months.  San Diego County home prices actually went up in September after dipping slightly in August, but the number of transactions declined for the third straight month, according to research firm DataQuick.  It’s also interesting that Short sales are on the decrease comprising 14.3 percent of the market in September, down from 30.5 percent a year ago. Foreclosures were 4.4 percent of the market, down from 13.2 percent in September 2012.

During these interesting times of a fickle market you can make your home more appealing by understanding what features home buyers really value when looking at real estate.  See the graphic to the left to learn more!

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