In riverside county, In terms of market value recovery, Wildomar’s trends have been acceptable. Growth has been very slow, but at least it’s happening. Value averages sit close to $375,000, down from nearly $460,000. Substantial growth is only just now starting to happen, but it’s occurring at a significant rate. If you’re waiting for your home to reach its former value, you could be waiting for the next several years. It may be unwise to hold out for further market value growth – just sell when you’re ready to sell.
Wildomar’s market is one of the healthiest in the area. It’s also a warm market, which has a little give on both sides. Buyers and sellers are present in a nearly equal amount, which slightly levels out the combination. There’s always someone looking, especially if the seller is willing to wait for the right buyer to come along. Less than 9% of properties will be subject to a price cut, which is an acceptable amount in any given market. Foreclosures are at average rates, and there’s nothing remarkable to report in the way the market moves.
Homes should be selling, and if yours isn’t, it’s probably because potential buyers are finding significant problems with your home. If your home is in need of major repairs or hasn’t been renovated in a few decades, the majority of buyers are going to pass it up. You can either pay for these repairs out of pocket, or find a buyer who is willing to buy your home exactly as it is.