Well. First off let me say that the time is right if it suits your needs. Such as growing family, looking to down size, need a getaway property. There are many reasons why the dollar value should not be the only consideration when buying a property. Although it is probably the main factor used in a home search. It is definetly not the most important. The needs of the individual or the family should be the driving factor. In most cases the same criteria can be found in a home that is a little older than a new home, and at a lower cost. Of course we all would like to have the brand new shiny home with all the latest bells and whistles, but we need to keep reality in the picture.
Some times its best to settle for the must have requirements that are needed to improve the quality of life we need and too pass on the want to have's. When finding or selling a home. Sit down and decide what is a need and what is a want. Pick a home that suits your needs and hopefully it will have some of your wants as an added bonus. By the same token if you no longer need the 1400Sq Ft home with 3 bathrooms, you may choose to sell and take the equity you have earned and move it to anouther area of interest. Be it travel, a new car or many other things.
Most families change their homes numerous times throughout their lives. Building equity along the way. So yes. The time is always right, if it is what you need. Real estate has always been a sound investment for the most part and most likely will remain that way for the forseable future. So choose carefully and enjoy the investment in your home and your family.
And call me if you need advise, or have questions