Laguna Beach Houses - Buying Trends in 2015

                             Buying Trends in 2015 -Laguna beach Real estate

           

Residential property buying over the previous year (2015) has changed very minimally because the economy of our country was very robust and strong ranging from expansion to favorable oil cost exchanges. The National Association of REALTORS® have declared in its 2015 Profile of Home Buyers and Sellers  annual finding where new developments and trends have come out. There has been a huge growth in real estate incomes as well as quality of homes purchased. One of the new emerging and growing trend in Laguna Beach houses and beach properties in orange county is the purchase of larger home and luxury properties.

One astounding fact found discovered was that across the country, in every state of the United States, especially in Laguna Beach area, home purchasers were buying larger properties by selling out the smaller ones. The report has informed that 42 percent of the people have bought up bigger homes; this is 40 percent more than the year 2014.  Prior to that in 2014, this annual report said that 31 percent home purchasers were hunting for the same sized houses this is in contrast to the 29 percent of people Who said the same in 2015? Territorially, the rate of purchasers searching for bigger homes expanded no matter how you look at it.

The major contributing factor to this new strong capacity to purchase is that buyers have more capital from the sale of the previous properties to now purchase a larger and upgraded property. From the year 2010, a large number of properties have devalued and not even worth their mortgages. After that in the recent year property values have steadily improved. In the year 2014, less than 18 percent said that they would delay selling their property; this figure also fell to less than 13 percent in the previous year. So since prices are generally rising all around people opt to sell old prosperity and upgrade to swanky new residences including beach properties and second homes! People who sold their houses have said that they got a price of an average of 40,000 dollars more than their purchase price.  The reason cited most often to sell a property in the year 2015 was that the house was not large enough. This percentage is about 16 %.In  the year 2015 average profit from property selling was 40,000 up from 30,000 in the year 2014.

An average seller last year was in his middle 50s and the average income was $1,04000 which is about 10,000 $ more than the year 2014. Average age of home buyers were mid thirties to mid forties. This group probably bought larger family homes because of addition of family members like marrage and child birth. Now we are able to predt ict outcomes that purchasers are able to buy and sell  so that their  living styles improved

For more information visit Gerry Goodman Buyers Page.