Ocean Colony Golf Course Community Is A Hot Commodity
The hottest real estate in Half Moon Bay lies inside the gates of the premier golf course community. Homes are selling at all-time high prices when utilizing a target marketing approach.
There's no question that our economy and real estate market has been on a continuous up swing for years now. As a matter of fact, we are less than one year from breaking the record for the longest economic recovery in US history. With that in mind, home prices have continued to rise to values higher than the peak of 2008 before the bubble decided to burst.
Ocean Colony is no exception. With all of the desirable amenities and the award winning golf course, home prices have soared for nearly 5 years now. But respected neighborhood real estate expert Carolyn Shade with Keller Williams Peninsula Estates says we may be at a peak and frankly, may be preparing for a slide in home prices.
As interest rates continue to rise, many home buyers are getting priced out of the market. Coupling that with the fact that inventory is increasing (due to the longer sales cycle to sell a home) and buyers are starting to write offers for lower than asking price.
"I've always felt that Ocean Colony is somewhat insulated from major drops in value due to the desirability of our neighborhood here, but we are certainly seeing that now is the time to sell if a resident is thinking of moving within the next 2 to 3 years," says Carolyn Shade.
Due to the concern some neighborhood homeowners have had with the change in values recently throughout Ocean Colony, Carolyn is offering a totally free home value analysis where she can also give free tips on how to increase your value based on her knowledge of what other homeowners have done to pump up their value in the past.
"We've been thinking about selling now, while we can maximize our equity prior to the coming market correction,"
About Ocean Colony Real Estate Specialist Carolyn Shade:
Carolyn has been selling real estate for over a decade and specializes in the Ocean Colony community within Half Moon Bay, CA. She's a Realtor for Keller Williams Peninsula Estates and offers free phone consultations to anyone with real estate related questions throughout the entire area.