Pending home Sales | Housing Market status | Signs of Recovery

Kim Ward, a certified probate real estate advisor, discusses the state of the housing market, the impact of COVID-19 on home sales, and how it affects those dealing with probate real estate. She notes that while traditional sellers paused their plans due to the pandemic, particularly because of concerns about having strangers in their homes, probate homes—often vacant—have continued to be listed and sold once the executor or administrator is appointed. With the reopening of the San Diego probate courts and an ongoing demand from buyers, the market remains active, with buyers eager to take advantage of record-low interest rates.

Kim explains that the pending home sales index reflects the strength of the housing market, with increased activity expected in the late summer and fall. Inventory remains low in San Diego, leading to quick sales and even multiple offers for homes priced correctly. Kim advises those handling a probate property to consider selling now, as the market remains favorable, and offers her assistance in estimating the market value of the property, preparing it for sale, and connecting clients with estate sale or buyout services for personal property.