Buyers Find Incredible Value, Low Inventory in Talega
In my nearly 20 years of selling homes and writing Green Sheet articles in Talega, I have never seen a market so starved for inventory. As I write this, there are only four condos and six single-family homes for sale, with two available for lease. There are no homes for sale in Talega under $1,195,000, which is incredibly hard to believe. Before the pandemic hit, there was a strong migration of sellers moving out of the larger homes, downsizing, and wanting to be closer to city life. Talega was struggling with year-over-year value increases, which was hard to explain to both owners and incoming buyers. Talega had many years of 0 to 1% year-over-year growth while other communities experienced 4 to 8% growth.
There are a couple of reasons why the community was struggling with values. Talega was established during the era of Tuscany-style homes, with a selection of older-style floorplans that are more compartmentalized, closed off to the backyard, and featuring little to no covered outdoor living areas. Even if a home was built in Spanish or Mediterranean style, owners would change the landscape, interior design and furnishings to reflect a Tuscan style.
To learn more about the current Talega real estate market, check out this month’s GREEN sheet!
For more guidance on the best way to prepare and market your home, let Echelberger Group’s professionals help you every step of the way. Doug Echelberger and his team provide the expertise and resources necessary to make it easier for their clients. More than 20 years of experience has given Echelberger Group the edge in local knowledge and connections. Echelberger Group provides a comprehensive range of services, from industry-leading technology—backed by its partnership with Pacific Sotheby’s International Realty—and custom marketing strategies to regular updates and prompt communication that makes transactions efficient and stress-free.
For more information, visit www.echelberger.com or call 949.498.7711.
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