Higher sales price

ATTOM Data Solutions reports that during the summer months, especially July and August, sellers often see a premium above their home’s estimated market value. In some cases, this can go up to 10%. Such premiums can be attributed to the increased demand and limited supply of homes, making the market more competitive. Therefore, listing your home in the summer might be a highly profitable move.

Strong market trends

Contrary to earlier forecasts, mortgage rates have seen a substantial increase this summer, particularly impacting the Los Angeles South Bay area. This shift could bring about a more cautious approach from buyers. However, the millennial buyer presence remains strong—they made up 43% of purchases in the 2022 summer market—keeping demand relatively stable. Despite the uptick in mortgage rates, the strong interest from this demographic could still sustain the market’s competitiveness in beach cities like Manhattan Beach, Hermosa Beach, and Redondo Beach.

Better curb appeal

Summer is the season when lawns are at their greenest and flowers are in full bloom, adding immense curb appeal to your home. This is especially impactful in scenic beach cities. If your property features outdoor living spaces, they’ll likely be even more appealing to potential buyers during the sun-drenched days of summer.

Easier marketing 

Selling your home in the summer in the Los Angeles South Bay area allows you to showcase its unique features, like a swimming pool or an expansive backyard perfect for socializing. High-quality photos, both aerial and traditional, can be taken more effectively under the bright summer sun. Utilizing a skilled photographer is advisable, as the right images can attract a wave of interested buyers performing online searches.

Although the summer season generally presents a vibrant market, it’s essential to note that trends can differ among Southern California’s beach cities. I can offer you a tailored consultation on the current market conditions in Manhattan Beach, Hermosa Beach, or Redondo Beach and their various neighborhoods. This localized insight will help you decide whether summer is the ideal time to list your home.