As we look outside anywhere here in San Luis Obispo, you’ll see the amazing green hills, the full reservoirs, and the blooming flowers. It’s an amazing time to live here.
It’s also an amazing time to help people with their real estate goals. Given that, there are three points I’d like to cover today:
1. We’ve improved the service our team provides. A year ago, our team made the decision to upgrade our service to our customers. To do that, we brought on three great agents: Melody Avant, Graeme Baldwin, and Devin Hahn. Between these three, we’ve added forty years of experience to the team. They’re also team players: If one of them is busy and needs help with a transaction, the others can jump in and ensure that the client’s needs are met.
They also put our customers’ best interests first, and this commitment is evident every day of the week when they deal with clients—those clients’ reviews speak for themselves.
2. Interest rates are excellent. Year over year, interest rates are down by 1%. That means if you’re a buyer, you’ll be able to afford more house, or the same house with a lower monthly payment. As such, sellers will have an easier time selling their houses and will be able to get a better price than if the rates were higher. If you own your own house but don’t have plans to sell, you can still benefit from the market by refinancing—you can get a lower rate and save money on your monthly payment. All in all, it’s a win-win scenario for everyone (except, maybe, for renters).
3. Is the market okay? We currently have the same number of homes available now as we did in the last quarter of 2018. The number of sales and pendings are slightly under where they were last year. If the fourth quarter of 2018 was amazing, the first quarter of 2019 has been pretty darn good, too.
Moving forward, we’re noticing more homes going under contract and leaving the market because buyers are snatching them up. Concurrent with that, we’re also seeing new homes coming on the market for sale, which draws down the inventory of available homes. If this continues, this means we’re in for a very stable, predictable real estate market. All told, we’re very fortunate to find ourselves in these market circumstances—they don’t come very often.
As a final note: Thank you so much for helping us get the most referrals we’ve ever had this past quarter. We could not have done it without your help and support.
If you need any assistance or have any questions about your real estate goals, feel free to reach out to us. We’re here to help.