Over the last few years there have been a lot of things written and said about the country’s housing markets. But the fact is that when it comes to the California luxury housing market, there’s never been a better time than now to purchase a home. Here at Suzanne Dranow we think that taking a quick look at these basic reasons could help show you why you should consider doing just that.
- First of all, the market has never been stronger than it is right now. Recent data suggests that the prices of homes in the area have hit levels that are higher than before the housing market crash – Michael Strahan just sold his Brentwood home for $21.5 million, for example. This strong market means sellers are motivated and homes are available.
- There’s a large inventory out there, too. Thanks to the strong viable market there are a huge number of homes out there that you can choose from, in a wide range of locations. Finding the right home is much easier when the market is strong thanks to the high inventory levels, and now is a great time to buy.
- The homes in California represent not just luxury living, but solid investments as well. Using that $21.5 million sale as an example, keep in mind that just 2 years ago the property was bought for $16 million. That’s a more than $5 million profit. While there’s a good chance you’ll love your home so much you never want to move, it’s comforting to know that if you do decide to sell, you’ll be able to do so for a profit.
- The entire California region is thriving now. From restaurants to shopping to beaches and beyond, there are so many different opportunities out there for relaxation that you don’t have to worry about not having something to do and experience. It’s a great place to live, and a great time to live there.
If you’re looking for a luxury home, there’s really never been a better time or place than California right now.