What Is Buyer Sentiment And Why Is It Important For Coronado Home Sellers?
When reading about real estate market trends, you'll often notice the term buyer sentiment being used.
Buyer sentiment essentially refers to the level of enthusiasm of home buyers at any particular point in time.
But unlike market statistics, sentiment is a more qualitative expression of how most buyers view the opportunities available to them.
Of course some statistics play a role in determining the sentiment level, most especially those relating to pending and actual sales.
Other indicators would include the number of mortgage applications and the traffic levels agents are seeing in the area in terms of the numbers viewing homes.
But just to know that buyers are generally in a favorable state of mind might not necessarily give Coronado home sellers a reliable metric.
Our area is one of very high value homes and many wealthy cash buyers, so a different set of dynamics applies in many situations here to, say, other areas where almost all buyers will need a mortgage to facilitate their purchase.
Other indicators, such as a healthy stock market, are important in determining where many Coronado buyers minds are in terms of making large purchases and maybe investing in a vacation property.
In other words, buyer sentiment can be very different in varying real estate market sectors.
This is why it is very important to team up with an agent who has long term experience in reading and interpreting the buyer indicators and triggers in the Coronado market.
We have been specialist top producers in the Coronado area for over 20 years and have led the market in transactions for over a decade. This means we are uniquely well positioned to understand buyer trends and work with sellers to develop effective marketing strategies, whatever the conditions. Why not call us at 619-886-0175 and discover what's currently motivating buyers in your home's sector.