Seal Beach Real Estate is showing strong signs of demand as summer approaches. Just 5 months into 2011 the Seal Beach Real Estate market has produced 22 closed sales (shown as red markers on the map below). In the midst of the economic crisis, it appears that affordable prices mixed with attractive interest rates on home loans have kept things moving.
Another sign that Seal Beach Real Estate is showing signs of demand is the other 7 homes currently pending sale (in escrow), shown as orange and purple markers on the map below. The last two years have yielded the exact same number of sold homes – 54 sold in 2010 and 54 sold in 2009. At the current pace, Seal Beach Real Estate sales for 2011 could surpass 58 homes sold if the summer selling season is as a strong as Spring.
As with all things tied to interest rates, the continuing demand may be largely dependent on the stability of rates as the year progresses. But on the flip side of the coin is the number of cash buyers in market. Incredibly, a large number of Seal Beach Real Estate that sells is purchased without a mortgage.
If interest rates do rise, the value of Seal Beach Real Estate may see another dip. Higher interest rates won’t problem for those that are purchasing with cash, but for those in need of a mortgage this could merely mean a lateral move in affordability. Since those selling Seal Beach Real Estate are only effected by how much they get for their home, now may be the best time to sell considering the unknowns that lie ahead for the market. If that is the case, now is a good time to be in the market to buy a home.
One thing is for certain though, Seal Beach Real Estate is continuing to shows signs of demand even though the future remains unpredictable.