Royal Oaks Country Club_October_2023_MarketStats

23 YEARS OF FULL TIME, FULL SERVICE REAL ESTATE IN 2023

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ROYAL OAKS COUNTRY CLUB IN THIS E-BOOK, OCTOBER MARKET TRENDS IN ROYAL OAKS COUNTRY CLUB SHOULD I SELL MY HOME DURING THE HOLIDAYS? HELPFUL LINKS

MARKET INSIGHTS: OCTOBER MONTHS OF INVENTORY WAS AT 3.17 MONTHS. THIS REPRESENTS A 3.94% DECREASE FROM THE PREVIOUS MONTH AND STILL REFLECTS FAVORABLE CONDITIONS FOR HOME SELLERS. WHAT IS MONTHS OF INVENTORY? MONTHS OF INVENTORY IS AN ESTIMATION OF HOW LONG IT WOULD TAKE FOR ALL THE CURRENTLY LISTED HOMES TO SELL (IF NO OTHER INVENTORY ENTERED THE MARKET).

A PARTICULARLY ENCOURAGING TREND IS THE SALES PRICE TO LIST PRICE RATIO, WHICH STOOD AT AN IMPRESSIVE 99.1% AND A MONTH-OVER-MONTH INCREASE OF 0.95%. FOR EXAMPLE: IF WE WERE TO LIST YOUR HOME FOR SALE AT $1,000,000, WE WOULD ANTICIPATE THAT IT SHOULD SELL AT OR NEAR $991,000. THIS IS A TESTAMENT THAT HOME BUYERS WHO CONTRACTED ON HOMES IN AUGUST/SEPTEMBER (EVEN WITH THE HIGHEST MORTGAGE INTEREST RATES IN DECADES) RECOGNIZED THE VALUE OF HOMES IN ROYAL OAKS COUNTRY CLUB.

A DECADE OF STEADY ASCENSION: SINCE 2012, PROPERTY VALUES IN ROYAL OAKS COUNTRY CLUB HAVE CONSISTENTLY INCREASED, WITH INTERMITTENT DECLINES OBSERVED BETWEEN NOVEMBER 2017 AND NOVEMBER 2021. THESE DOWNTURNS WERE PRIMARILY INFLUENCED BY NATURAL FLUCTUATIONS IN THE REAL ESTATE MARKET, THE IMPACT OF COVID, AND OTHER ECONOMIC SHIFTS. DESPITE THESE CHALLENGES, PROPERTY VALUES HAVE REMAINED ABOVE THE 2012 FIGURES, SHOWCASING THE COMMUNITY'S ABILITY TO WEATHER MANY CHALLENGES. TAKING A CLOSER LOOK, IN AUGUST 2012, THE MEDIAN PROPERTY VALUE STOOD AT APPROXIMATELY $612,000. FAST FORWARD TO OCTOBER 2023, AND WE WITNESS A REMARKABLE INCREASE, WITH THE MEDIAN VALUE SOARING TO AN ASTOUNDING $994,750. THIS ENDURING GROWTH IS A COLLECTIVE CREDIT TO RESIDENTS WHO ARE DEDICATED TO PRESERVING AND ENHANCING THE CHARM OF THEIR NEIGHBORHOOD.

Should I Sell My Home During the Holidays?

DECIDING WHETHER TO SELL YOUR HOME DURING THE HOLIDAYS DEPENDS ON VARIOUS FACTORS AND PERSONAL CONSIDERATIONS. HERE ARE SOME PROS AND CONS TO HELP YOU MAKE AN INFORMED DECISION: **PROS** 1. **SERIOUS BUYERS: WHILE THERE MAY BE FEWER BUYERS DURING THE HOLIDAYS, THOSE WHO ARE ACTIVELY LOOKING ARE OFTEN MORE SERIOUS. MANY ARE MOTIVATED BY LIFE EVENTS SUCH AS RELOCATION OR CHANGES IN FAMILY CIRCUMSTANCES. 2. **LESS COMPETITION: WITH FEWER HOMES ON THE MARKET DURING THE HOLIDAYS, YOUR PROPERTY MAY STAND OUT MORE. REDUCED INVENTORY CAN CREATE A SENSE OF URGENCY AMONG BUYERS INTERESTED IN MAKING A PURCHASE BEFORE THE NEW YEAR. 3. **FESTIVE ATMOSPHERE: HOMES TEND TO LOOK THEIR BEST DURING HOLIDAYS, WITH DECORATIONS AND A WARM, INVITING ATMOSPHERE.

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4. **POTENTIAL TAX ADVANTAGES: BUYERS LOOKING TO CLOSE ON A HOME BEFORE THE END OF THE YEAR MAY BE MOTIVATED BY POTENTIAL TAX BENEFITS. THIS COULD WORK IN YOUR FAVOR DURING NEGOTIATIONS. 5. **RELOCATIONS: WHILE MORE THAN 80% OF CORPORATE RELOCATIONS OCCUR DURING APRIL-SEPTEMBER, A SECOND BURST OF MOVES OCCUR AT THE END OF THE YEAR WHEN EMPLOYEES WITH CHILDREN WILL TAKE ADVANTAGE OF SCHOOL HOLIDAYS AND THE ENDING/BEGINNING OF SCHOOL SEMESTERS. AND, IN THEORY, THE COST OF RELOCATION MOVES SHOULD BE LOWER THAN DURING THE PEAK MOVING SEASON. MANY THINGS DEPEND ON THE EMPLOYEE’S RELOCATION PACKAGE. **CONS** 1. **BUSY SCHEDULES: THE HOLIDAY SEASON CAN BE A HECTIC TIME FOR MANY PEOPLE. YOU MUST BE WILLING TO SHOW YOUR HOME ON DAYS WHEN YOU MAY OTHERWISE BE PREPPING FOR HOLIDAY GUESTS, PARTIES OR DINNERS. 2 .**DECORATIONS: AS A 23-YEAR REAL ESTATE VETERAN, I’M PRO HOLIDAY DÉCOR IF YOU CHOOSE TO LIST AND SELL YOUR HOME DURING THE HOLIDAYS. HOMES THAT GIVE OFF A WARM AND INVITING ATMOSPHERE MAKE PEOPLE FEEL AT EASE. HOWEVER, I WOULD ADVISE ON DOWNPLAYING THE DÉCOR AND INSTEAD, KEEPING THINGS SIMPLE. IF YOU TYPICALLY UNLOAD TRUCKLOADS OF DÉCOR, THIS ISN’T THE TIME. POTENTIAL BUYERS STILL NEED TO VISUALIZE LIVING IN THE SPACE. ULTIMATELY, THE DECISION TO SELL YOUR HOME DURING THE HOLIDAYS DEPENDS ON YOUR SPECIFIC CIRCUMSTANCES, MARKET CONDITIONS, AND PERSONAL PREFERENCES. CONTACT ME AND I CAN GIVE YOU DIRECTIONS ON HOW TO GET YOUR HOME READY TO SELL, PROVIDE VALUABLE INSIGHTS INTO THE CURRENT MARKET CONDITIONS AND HELP YOU COLLABORATE WITH YOU ON AN IDEAL GAME PLAN. THERE’S NO OBLIGATION WHEN YOU CALL OR MEET WITH ME.

IF YOU HAVE QUESTIONS, I’VE GOT THE ANSWERS Contact Cherin Cox, REALTOR®, friend of ROCC and founder of the Cherin Sells Houston brand. Let me put my 23 years of full time and full service real estate sales experience to work for you. I will help you navigate the market with confidence and achieve your selling goals.

🤝 Let's make your Royal Oaks Country Club home stand out in any market! 💫✨ THANK YOU TO ALL OF MY ROCC FRIENDS FOR YOUR FRIENDSHIP 0VER THE YEARS AND SUPPORT OF THE CHERIN SELLS HOUSTON BRAND:

HELPFUL LINKS FROM CHERIN SELLS HOUSTON FREE, INSTANT HOME VALUE ESTIMATE HOME MAINTENANCE CHECKLIST BY SEASON HCAD PROPERTY TAX PROTEST FORM IF YOU’D LIKE TO RECEIVE A LIST OF COMPANIES THAT CAN ASSIST YOU AND/OR REPRESENT YOU DURING YOUR PROPERTY TAX PROTEST, EMAIL ME AT CHERIN@CHERINSELLSHOUSTON.COM WHAT IS A SELLER PAID MORTGAGE BUYDOWN? 5 OUTDOOR PROJECTS THAT PAY OFF THE MOST PREVENTING AND THAWING FROZEN PIPES 2023 COST VS VALUE GUIDE - REMODELING PROJECTS