California Luxury Home Selling Tips: Analyze the Local Housing Market

by Bob Terri Cross 01/12/2020

Selling a luxury home in San Francisco, Los Angeles or elsewhere in California sometimes can be tricky. Fortunately, we're here to help you analyze the Golden State luxury real estate sector so you can determine the best course of action at each step of the property selling journey.

Now, let's take a look at three tips to help you analyze the California luxury housing market.

1. Check Out the Prices of Recently Sold Luxury Residences in Your City or Town

Analyze the prices of recently sold luxury residences in your California city or town – you'll be glad you did. With this housing market data in hand, you can find out whether sellers are accepting homebuying proposals at or near the initial asking prices of their residences.

Furthermore, reviewing the prices of recently sold luxury residences in your area may help you narrow the price range for your home. And as a result, you can set a competitive initial asking price for your luxury home in Malibu, Beverly Hills or any other Golden State city or town.

2. Assess the Current State of the Luxury Real Estate Market

The California luxury housing market may favor buyers or sellers. But if you analyze the current state of the Golden State luxury housing market, you may be better equipped than ever before to distinguish a buyer's market from a seller's market.

Oftentimes, it helps to look at how long available luxury houses have been listed. If you find that most luxury residences in your California city or town have been available for many weeks or months, for example, a buyer's market may be in place. Comparatively, if you find that luxury residences are selling quickly in your Golden State city or town, the current housing sector likely favors sellers.

3. Hire a Real Estate Agent

There is no need to analyze the California luxury housing market on your own, regardless of whether you plan to list a residence in Sacramento, San Diego or another Golden State city or town. Thankfully, you can hire a real estate agent and work with a luxury housing market expert who can provide comprehensive support throughout the property selling journey.

A real estate agent who possesses California luxury housing market experience can play a key role in your house selling success. He or she can provide lots of valuable housing market insights and help you make informed decisions time and time again.

For instance, if you're uncertain about how to price your San Jose luxury residence, a real estate agent can offer insights into the prices of comparable residences across the city. Or, if you need help boosting your Bay Area luxury house's curb appeal, a real estate agent can provide recommendations to help you do just that.

Want to enjoy a seamless California luxury home selling experience? Use the aforementioned tips, and you can analyze the Golden State luxury housing market and achieve your property selling goals.

About the Author

Bob Terri Cross

I have over 30 years experience in the real estate industry, as a real estate professional and business owner. I specialize in "excellent service" to all my clients, whether a first time home buyer or a seller of a multi-million dollar property! Together with my partner Terri Cross, we have the knowledge and experience to give you the best representation!