Things are a bit bumpy in Hesperia, and it’s hard to tell what will happen with the market from day to day. Home value averages fell significantly. Presently, the average Hesperia home is valued at about $240,000.
This value is down from a 2007 high of $319,000, leading many homeowners to feel sore about the slow value growth in the area. Significant value growth has only recently started to happen, which means it will be a while before homes come close to their previous highs.
In addition to the sluggish growth, Hesperia also has an unhealthy market. Things are still sorting themselves out, leaving behind a market that’s just barely stable. Hesperia is definitely more of a buyers’ market than a sellers’ market, which complicates things a little further.
Values are already low, and over 14% of homes that sell are still doing so at a price cut. Homeowners aren’t getting nearly what they expect when they finally manage to locate an elusive buyer.
When buyers win, sellers lose. A lot of homeowners don’t like the idea of entering lengthy negotiations with potential buyers, particularly if they may wind up choosing a different home that they feel is a better deal. It can be frustrating, but don’t give in to that frustration. There’s no reason to stick to the traditional market if it’s giving you a headache.