Although Spring is one of the hottest sales seasons for Rossmoor homes, with a very sparse inventory, 2011 could be a different story. In an area noted for its quality schools, buyers like to begin their home search with plenty of time to be able to get their family all moved in with plenty of time to register for the fall school year. Right now, there are only thirty homes for sale in Rossmoor. This could be a very tough market for families looking at homes for sale in Rossmoor. Despite poor real estate conditions across the country, now could still be a great time to sell your Rossmoor home.
Generally, there should be about six months of active inventory to make for a healthy real estate market. While this isn't an absolute rule, the current listing volume represents a number more commensurate with half that time period, which akes for a very tight market. I think this has more to do with the uncertainty of real estate in general than any local factors. Homeowners selling property right now, are doing so because of need rather than desire. Most folks are opting to wait for better market conditions, instead of trying to sell in this fairly dismal economic climate.
Usually, this would represent a sound strategy. "Buy low. Sell high." is a mantra everybody would like to follow. But in today's market, there is so much uncertainty with employment conditions, taxes, national debt, health care and the like that nobody knows if things won't get worse before they get better. It pays to look on the, but an increase in interest rates coupled with five dollar gas prices could derail a very tepid housing recovery!
That doesn't mean that it's time to cut and run, though. While I have a lot of experience in the real estate industry (I was quoted on LBPost.com just last week!), I don't like go out on a limb and predict market conditions without the necessary supporting information. I have been using terms like "soft" and "muddy" when desrcibing our current real estate climate. There just hasn't been enough sales activity to be able to spot any definable trends.
Truly, either decision will probably work out to be just fine. Rossmoor is a fantastic community with a great deal of intrinsic value. With that in mind, desirability should never present an issue. People with children want quiet streets, high quality schools and safe neighborhoods. Selling a Rossmoor home now allows for the opportunity to capitalize on tight market conditions and reduced levels of competition, making for higher perceived value. Holding out for better general market conditions could pay dividends by simply making sure that the value of your home is higher when you choose to test the market. Just make sure that you have the ability to wait out a time period that could be much longer than you may expect.
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