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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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The #1 Reason Not to Wait to List Your House for Sale

The #1 Reason Not to Wait to List Your House for Sale | Simplifying The Market

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them.

Mark Fleming, Chief Economist for First American, just reported:

“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”

Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say: 

“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”

There Is One Big Challenge

Purchaser demand is so high, the market is running out of available homes for sale. Just last week, realtor.com reported:

“Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory.”

The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically. Below is a graph of existing inventory (September numbers are not yet available):The #1 Reason Not to Wait to List Your House for Sale | Simplifying The MarketHomebuilders are increasing construction, but they cannot keep up with the high demand. Bill McBride, founder of the Calculated Risk blog, in discussing inventory of newly constructed houses, notes:

“The months of supply decreased to 3.3 months…This is the all-time record low months of supply.”

What does this mean for sellers?

Anyone thinking of putting their home on the market should not wait. A seller will always negotiate the best deal when demand is high and supply is limited. That’s exactly the situation in the real estate market today.

Next year, when the pandemic is hopefully behind us, there will be many more properties coming to the market. Don’t wait for that increase in competition in your neighborhood. Now is the time to sell.

Bottom Line

Let’s connect today to get your house on the market at this optimal time to sell.

 

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
4555 S Atlantic Avenue 4209 Ponce Inlet FL 32127
Open House Sun, Jun 8, 12 PM
1 / 53
$549,000
3
BEDS
3
TOTAL BATHS
2,065
SQFT
4555 S Atlantic Avenue 4209 Ponce Inlet, FL 32127
Condominium For Sale
- Active

WELCOME HOME to Your FURNISHED 3 Bedroom 3 Bath Beachside Condo at The Towers in Ponce Inlet. Located on the Sunny South Side of the Building with Open Floor Plan and Split Bedrooms. You Will Love the Kitchen with Breakfast Bar. Breathtaking Ocean Vi

Listing courtesy of Manoush Kazazian of Epique Realty Inc
131 Barrier Isle Drive Ormond Beach FL 32176
New Listing - 11 hours on site
1 / 43
$599,000
4
BEDS
3
TOTAL BATHS
2,763
SQFT
131 Barrier Isle Drive Ormond Beach, FL 32176
Single Family Residence For Sale
- Active

This is a gorgeous beach side abode. An entertainers dream. Huge open spaces allow for a light and airy feeling. Off the living room is a giant flex room for entertaining or office space. Split floor plan and everything is remodeled. New roof wi

Listing courtesy of Tracie Culver of Culver Realty & Property Management
725 N Grandview Avenue Daytona Beach FL 32118
New Listing - 11 hours on site
1 / 32
$450,000
3
BEDS
2
TOTAL BATHS
2,440
SQFT
725 N Grandview Avenue Daytona Beach, FL 32118
Single Family Residence For Sale
- Active

Modern Beachside Beauty - Just One Block from the Water! Built in 2021, this move-in-ready 3-bedroom, 2-bath home with a rare 3-car garage blends modern construction with laid-back coastal living—all just a short stroll to world-famous Daytona Beach.

Listing courtesy of Mario Zendeli of Compass Florida, LLC

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SEARCH ALL HOMES IN THE GREATER DAYTONA BEACH AREA HERE

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Related posts:

  1. The #1 Reason to List Your House Right Now
  2. The #1 Reason to List Your House in the Winter
  3. Buyers Are Looking Now. Are You Ready to List Your Home?
  4. 7 Reasons to List Your House This Holiday Season

Posted in: Blog, For Buyers, For Sellers, Housing Market Updates, New Construction, Pricing

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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