This document provides a summary and analysis of real estate market statistics for Maricopa County, Arizona for December 2010. It finds that the percentage of foreclosure and short sales increased while non-distressed home sales decreased. Pending home sales decreased 8.65% from the previous month. The average home sales price and days on market both increased slightly. Expired and cancelled home listings increased significantly. New home listings entering the market and active home inventory levels both decreased from the previous month.
November 2010 Real estate market watch is a monthly report provided by Todd Menard of the Menard & Rohn Real Estate Group. Todd Menard is the Founder of Partners in Housing
The document provides a monthly market report for Maricopa County real estate from December 2011. It summarizes key statistics including closed sales, distressed sales, pending sales, average sales prices, days on market, list to sale price ratios, expired and cancelled listings, and new listings. The report finds that closed sales, average prices, and list to sale price ratios increased in December while inventory, pending sales, and new listings decreased, indicating a strong and competitive seller's market with high buyer demand and low inventory.
This document provides a summary of real estate market statistics for Maricopa County for January 2011. Key points include:
- The average home sales price dropped nearly $21,000 from the previous year to $163,403.
- The number of short sales increased by 2% while foreclosures decreased by 2%.
- Homes spent on average 112 days on the market before going under contract, up from 109 days the previous month.
- Months of inventory increased from 5.01 to 6.3 months, indicating a shift from a buyer's to a balanced market.
March real estate statistics for Maricopa County showed increased home sales, pending sales, and average home prices compared to previous months. The number of distressed home sales and homes on the market decreased slightly. Sellers benefited from shorter time on market and higher sale prices closer to listing prices. Buyers had more homes to choose from but faced more competition and were paying more than in previous years.
This document provides advice and information for homeowners considering selling their house. It discusses reasons why the fall season is a good time to sell, including strong buyer demand, less competition from other listings coming onto the market, and the benefits of starting the selling process sooner rather than later. It also emphasizes the importance of using a real estate agent to sell your home and maximize the selling price.
This document provides information and advice for homeowners considering selling their house. It discusses reasons why the fall is a good time to sell, including strong buyer demand, less competition from other listings, and a quicker home selling process. It also covers tips for maximizing the sale price such as pricing the home slightly below market value and using a real estate agent. Other articles discuss the lack of housing inventory slowing the market, the importance of working with a knowledgeable agent, and strategies for negotiating the best deal. The overall message is that current market conditions are favorable for homeowners looking to sell.
This document provides information to homeowners considering selling their home. It discusses the benefits of selling in the summer, including strong buyer demand, less competition from other listings, and a quicker selling process. It also emphasizes the importance of pricing a home slightly below market value to maximize interest and demand, and of using a real estate agent to sell, as homes typically sell for more money when handled by an agent. There is currently a lack of home inventory that may slow down the housing market recovery due to limited options for buyers.
This document provides information and advice for homeowners considering selling their house. It discusses the benefits of selling in the summer months when buyer demand is high. It also emphasizes pricing the home slightly below market value to encourage bidding wars and hiring a real estate agent to get the best price. The document notes that inventory remains low while buyer demand is strong, making it a good time to sell. It also highlights the importance of leveraging rising home prices and low interest rates to move up to your dream home before prices increase further.
November 2010 Real estate market watch is a monthly report provided by Todd Menard of the Menard & Rohn Real Estate Group. Todd Menard is the Founder of Partners in Housing
The document provides a monthly market report for Maricopa County real estate from December 2011. It summarizes key statistics including closed sales, distressed sales, pending sales, average sales prices, days on market, list to sale price ratios, expired and cancelled listings, and new listings. The report finds that closed sales, average prices, and list to sale price ratios increased in December while inventory, pending sales, and new listings decreased, indicating a strong and competitive seller's market with high buyer demand and low inventory.
This document provides a summary of real estate market statistics for Maricopa County for January 2011. Key points include:
- The average home sales price dropped nearly $21,000 from the previous year to $163,403.
- The number of short sales increased by 2% while foreclosures decreased by 2%.
- Homes spent on average 112 days on the market before going under contract, up from 109 days the previous month.
- Months of inventory increased from 5.01 to 6.3 months, indicating a shift from a buyer's to a balanced market.
March real estate statistics for Maricopa County showed increased home sales, pending sales, and average home prices compared to previous months. The number of distressed home sales and homes on the market decreased slightly. Sellers benefited from shorter time on market and higher sale prices closer to listing prices. Buyers had more homes to choose from but faced more competition and were paying more than in previous years.
This document provides advice and information for homeowners considering selling their house. It discusses reasons why the fall season is a good time to sell, including strong buyer demand, less competition from other listings coming onto the market, and the benefits of starting the selling process sooner rather than later. It also emphasizes the importance of using a real estate agent to sell your home and maximize the selling price.
This document provides information and advice for homeowners considering selling their house. It discusses reasons why the fall is a good time to sell, including strong buyer demand, less competition from other listings, and a quicker home selling process. It also covers tips for maximizing the sale price such as pricing the home slightly below market value and using a real estate agent. Other articles discuss the lack of housing inventory slowing the market, the importance of working with a knowledgeable agent, and strategies for negotiating the best deal. The overall message is that current market conditions are favorable for homeowners looking to sell.
This document provides information to homeowners considering selling their home. It discusses the benefits of selling in the summer, including strong buyer demand, less competition from other listings, and a quicker selling process. It also emphasizes the importance of pricing a home slightly below market value to maximize interest and demand, and of using a real estate agent to sell, as homes typically sell for more money when handled by an agent. There is currently a lack of home inventory that may slow down the housing market recovery due to limited options for buyers.
This document provides information and advice for homeowners considering selling their house. It discusses the benefits of selling in the summer months when buyer demand is high. It also emphasizes pricing the home slightly below market value to encourage bidding wars and hiring a real estate agent to get the best price. The document notes that inventory remains low while buyer demand is strong, making it a good time to sell. It also highlights the importance of leveraging rising home prices and low interest rates to move up to your dream home before prices increase further.
This document provides information and advice for homeowners considering selling their house. It discusses the benefits of selling in the summer months when buyer demand is high. It also outlines reasons why homeowners should use a real estate agent to sell their home and get the best price, as well as tips for pricing a home correctly. The document includes statistics on home price appreciation in different areas and forecasts for future home price trends. Overall, the document encourages homeowners to take advantage of the current housing market conditions to sell their home and move on to their desired housing situation.
This document provides information and advice for homeowners considering selling their home. It discusses the benefits of selling in the summer months when buyer demand is strong. It also emphasizes the importance of pricing a home slightly below market value to maximize interest and demand, and of using a real estate agent to sell, as homes typically sell for more money when handled by an agent. A lack of housing inventory is noted as a potential risk to slowing down the current pace of the housing market. Home prices nationally and across most states are up year-over-year.
This document provides information to homeowners considering selling their home. It discusses reasons why the summer is a great time to sell, including strong buyer demand, less competition from other listings, a quicker home selling process, favorable mortgage rates for moving up to a larger home, and being able to move on with life plans. It also offers tips for homeowners looking to maximize the sale price, such as pricing the home slightly below market value and using a real estate professional.
This presentation is prepared for our Realty Executives real estate agents to keep them on top of Industry changes and to allow them and their clients to see exactly what is fact in the Real Estate Market. Is now the time to buy or should I wait untill a better time? How do we know when the market has hit bottom? Should I keep my house for another year or sell it now? These are the facts as of the end of September. Simply sales are up...Inventory is down...rates are great...
Selling Your Home in 2015 For MD, DC and VA Homeowners Herboso&Associates
The opportunities are there for you
If 2015 is the year you decide to make the big move
This is a must read for you
More information :
http://www.Reallynicehomes.com/selling
This document provides tips and information for homeowners considering selling their house. It discusses reasons why selling in the fall makes sense, including strong buyer demand, less competition from other sellers, and a quicker home selling process. It also outlines expert predictions that the housing market will continue strengthening in the second half of 2019. The document advises homeowners that now is a perfect time to sell due to low inventory, high buyer demand, and the potential for price appreciation. It argues that hiring a real estate professional provides advantages over selling a home as a for-sale-by-owner.
The document provides information and advice for homeowners considering selling their house. It discusses the current strong housing market and buyer demand. It notes that inventory is still low, meaning there is less competition for sellers now. It provides five reasons why selling this summer makes sense, including strong buyer demand, less competition from other sellers, a quicker home selling process, favorable conditions for moving up to a premium home, and that it may be time to move on with your life. The document also discusses how a lack of housing inventory could impact the market, and advises that if considering selling, now may be a good time given high demand and low competition from other sellers.
Things to Consider When Selling Your House (Fall 2021) | KM Realty Group ChicagoTammy Jackson
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
We Make Real Estate Buying and Selling Easy.
https://kmrealtygroup.net/
Let's connect with a real estate professional to discuss your home buying or selling process. https://bit.ly/connect-km-realty
Selling Your Home EGuide Guide of Important Selling Your House Spring...JESSICA EVE MORGAN
This document provides tips and advice for homeowners considering selling their home. It discusses reasons why the spring is a good time to sell, including strong buyer demand, less competition from other listings, a quicker home selling process, favorable mortgage rates, and it being the right time to move on with your life. It also notes that a lack of housing inventory may slow down the housing market recovery. Additionally, it explains that many homeowners have more equity in their home than they realize, and offers tips for getting the most money from a home sale, such as pricing the home slightly below market value and using a real estate professional.
This document provides information and advice for homeowners considering selling their house. It discusses reasons to sell during the winter season, including strong buyer demand, less competition from other listings, a quicker home selling process, and taking advantage of low interest rates. It also covers topics like using an agent versus selling For Sale by Owner (FSBO), maximizing the sale price of your home, and baby boomers finding freedom and flexibility through retirement home sales. Key recommendations include not waiting to sell, considering an agent's role in connecting buyers and sellers, and recognizing the drawbacks of the FSBO approach for most homeowners.
This document provides information and advice for homeowners considering selling their house. It discusses reasons to sell during the winter season, including strong buyer demand, less competition from other listings, a quicker home selling process, and taking advantage of low interest rates. It also covers topics like using an agent versus selling For Sale by Owner (FSBO), rising home prices nationwide, the relationship between buyer demand and housing inventory, baby boomers finding freedom and mobility in retirement, and demands to make of your real estate agent when selling. The overall document aims to help homeowners understand current housing market conditions and make informed decisions about selling their property.
This document provides a summary of the Western North Carolina real estate market in the first quarter of 2016. It finds that there is a severe shortage of low-to-moderate priced homes, with a 36% shortage in Buncombe County price brackets. This shortage is slowing sales for buyers looking in these price ranges and increasing the frequency of competitive bidding situations. The document also provides statistics on home sales, prices, inventory levels and forecasts for the mortgage market in coming quarters.
This document provides tips for homeowners looking to maximize the sale price of their home. It recommends pricing the home slightly below market value to encourage bidding wars between buyers. This will generate more demand than overpricing. It also recommends using a real estate professional, as studies show homes typically sell for more when an agent is involved, often $40,000 or more more than for sale by owner deals. Together these two strategies can help homeowners get the best price for their home.
This document provides information and advice for homeowners considering selling their house. It discusses reasons why the spring is a good time to sell, including strong buyer demand, less competition from other sellers, and a quicker home selling process. It also emphasizes pricing the home slightly below market value to maximize buyer interest and using a real estate professional, as homes sold with an agent typically sell for more money. The document recommends homeowners evaluate their situation and consider moving on to the next phase of life, such as purchasing a new home, rather than waiting longer to sell.
This document provides tips and strategies for real estate agents to get new listings in a seller's market. It recommends prospecting through door knocking, following up with expired and withdrawn listings, and connecting with past clients. Specific tactics include providing market reports and property value estimates to homeowners, holding open houses to meet potential sellers, and creating targeted local marketing through direct mail, websites and open house signs. The goal is for agents to go "back to basics" and strengthen relationships through regular contact with homeowners in hot housing areas.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This document provides information and advice for homeowners considering selling their house. It discusses reasons why selling in the fall makes sense, including strong buyer demand, less competition from other listings, and the potential for a quicker sale process before new mortgage regulations take effect. It also outlines factors to consider when choosing a real estate agent and pricing the house correctly to attract multiple offers. The rest of the document provides tips and statistics related to home prices, mortgage rates, and the risks of selling without an agent.
This document provides information and tips for buyers considering purchasing a home in the winter of 2017. It discusses current housing market trends, reasons to buy now including still low interest rates and expected future price increases. The document reviews costs of renting versus buying, how to save for a down payment, the home buying process including getting pre-approved, what qualifications are actually needed to get a mortgage, and common questions about the paperwork involved. Key steps in the process like home inspections and closing costs are also outlined. The goal is to help educate potential buyers on factors to consider when purchasing a home.
The housing market continues to gradually improve without government support. While home prices and sales have declined compared to last year, inventory levels have returned to pre-tax credit levels. Low interest rates are encouraging buyers, but are expected to rise over 2012. Employment growth needs to continue for a full housing recovery, as jobs enable people to buy homes. Stimulus efforts will gradually wind down, but buyers still have favorable conditions in the market.
- The housing market continues its gradual recovery without government assistance like tax credits, while interest rates hit new lows but have started rising as the economy improves. Consumer confidence and retail sales are up substantially from last year.
- Home sales dipped slightly in October but pending sales rose over 10%, signaling stronger future sales. Inventory fell as prices stabilized near 1% changes. Affordability remains near record highs.
- The government extended conforming loan limits in expensive markets to provide continued support through 2011 as the market strengthens without as much assistance. Overall the document discusses positive economic and housing market trends.
Luxury Markets in Demand
As demand returns, we review several markets in the U.S. and Canada that experienced significant growth in March. Much has been written recently about the popularity of lower priced luxury markets, especially in the Midwest, so we wondered, with the uptick in sales during March, if this trend was still holding true…or if another shift is occurring.
East Bay, California
Taking the number one spot is not a Midwest market, but East Bay in California, where the median luxury sold price averaged close to $1.5 million during the first quarter of 2023. Not only did this market see a huge increase in demand during the pandemic, but once again it is drawing buyers to
its highly diversified communities and seems set for a strong spring market.
This document provides information and advice for homeowners considering selling their house. It discusses the benefits of selling in the summer months when buyer demand is high. It also outlines reasons why homeowners should use a real estate agent to sell their home and get the best price, as well as tips for pricing a home correctly. The document includes statistics on home price appreciation in different areas and forecasts for future home price trends. Overall, the document encourages homeowners to take advantage of the current housing market conditions to sell their home and move on to their desired housing situation.
This document provides information and advice for homeowners considering selling their home. It discusses the benefits of selling in the summer months when buyer demand is strong. It also emphasizes the importance of pricing a home slightly below market value to maximize interest and demand, and of using a real estate agent to sell, as homes typically sell for more money when handled by an agent. A lack of housing inventory is noted as a potential risk to slowing down the current pace of the housing market. Home prices nationally and across most states are up year-over-year.
This document provides information to homeowners considering selling their home. It discusses reasons why the summer is a great time to sell, including strong buyer demand, less competition from other listings, a quicker home selling process, favorable mortgage rates for moving up to a larger home, and being able to move on with life plans. It also offers tips for homeowners looking to maximize the sale price, such as pricing the home slightly below market value and using a real estate professional.
This presentation is prepared for our Realty Executives real estate agents to keep them on top of Industry changes and to allow them and their clients to see exactly what is fact in the Real Estate Market. Is now the time to buy or should I wait untill a better time? How do we know when the market has hit bottom? Should I keep my house for another year or sell it now? These are the facts as of the end of September. Simply sales are up...Inventory is down...rates are great...
Selling Your Home in 2015 For MD, DC and VA Homeowners Herboso&Associates
The opportunities are there for you
If 2015 is the year you decide to make the big move
This is a must read for you
More information :
http://www.Reallynicehomes.com/selling
This document provides tips and information for homeowners considering selling their house. It discusses reasons why selling in the fall makes sense, including strong buyer demand, less competition from other sellers, and a quicker home selling process. It also outlines expert predictions that the housing market will continue strengthening in the second half of 2019. The document advises homeowners that now is a perfect time to sell due to low inventory, high buyer demand, and the potential for price appreciation. It argues that hiring a real estate professional provides advantages over selling a home as a for-sale-by-owner.
The document provides information and advice for homeowners considering selling their house. It discusses the current strong housing market and buyer demand. It notes that inventory is still low, meaning there is less competition for sellers now. It provides five reasons why selling this summer makes sense, including strong buyer demand, less competition from other sellers, a quicker home selling process, favorable conditions for moving up to a premium home, and that it may be time to move on with your life. The document also discusses how a lack of housing inventory could impact the market, and advises that if considering selling, now may be a good time given high demand and low competition from other sellers.
Things to Consider When Selling Your House (Fall 2021) | KM Realty Group ChicagoTammy Jackson
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
We Make Real Estate Buying and Selling Easy.
https://kmrealtygroup.net/
Let's connect with a real estate professional to discuss your home buying or selling process. https://bit.ly/connect-km-realty
Selling Your Home EGuide Guide of Important Selling Your House Spring...JESSICA EVE MORGAN
This document provides tips and advice for homeowners considering selling their home. It discusses reasons why the spring is a good time to sell, including strong buyer demand, less competition from other listings, a quicker home selling process, favorable mortgage rates, and it being the right time to move on with your life. It also notes that a lack of housing inventory may slow down the housing market recovery. Additionally, it explains that many homeowners have more equity in their home than they realize, and offers tips for getting the most money from a home sale, such as pricing the home slightly below market value and using a real estate professional.
This document provides information and advice for homeowners considering selling their house. It discusses reasons to sell during the winter season, including strong buyer demand, less competition from other listings, a quicker home selling process, and taking advantage of low interest rates. It also covers topics like using an agent versus selling For Sale by Owner (FSBO), maximizing the sale price of your home, and baby boomers finding freedom and flexibility through retirement home sales. Key recommendations include not waiting to sell, considering an agent's role in connecting buyers and sellers, and recognizing the drawbacks of the FSBO approach for most homeowners.
This document provides information and advice for homeowners considering selling their house. It discusses reasons to sell during the winter season, including strong buyer demand, less competition from other listings, a quicker home selling process, and taking advantage of low interest rates. It also covers topics like using an agent versus selling For Sale by Owner (FSBO), rising home prices nationwide, the relationship between buyer demand and housing inventory, baby boomers finding freedom and mobility in retirement, and demands to make of your real estate agent when selling. The overall document aims to help homeowners understand current housing market conditions and make informed decisions about selling their property.
This document provides a summary of the Western North Carolina real estate market in the first quarter of 2016. It finds that there is a severe shortage of low-to-moderate priced homes, with a 36% shortage in Buncombe County price brackets. This shortage is slowing sales for buyers looking in these price ranges and increasing the frequency of competitive bidding situations. The document also provides statistics on home sales, prices, inventory levels and forecasts for the mortgage market in coming quarters.
This document provides tips for homeowners looking to maximize the sale price of their home. It recommends pricing the home slightly below market value to encourage bidding wars between buyers. This will generate more demand than overpricing. It also recommends using a real estate professional, as studies show homes typically sell for more when an agent is involved, often $40,000 or more more than for sale by owner deals. Together these two strategies can help homeowners get the best price for their home.
This document provides information and advice for homeowners considering selling their house. It discusses reasons why the spring is a good time to sell, including strong buyer demand, less competition from other sellers, and a quicker home selling process. It also emphasizes pricing the home slightly below market value to maximize buyer interest and using a real estate professional, as homes sold with an agent typically sell for more money. The document recommends homeowners evaluate their situation and consider moving on to the next phase of life, such as purchasing a new home, rather than waiting longer to sell.
This document provides tips and strategies for real estate agents to get new listings in a seller's market. It recommends prospecting through door knocking, following up with expired and withdrawn listings, and connecting with past clients. Specific tactics include providing market reports and property value estimates to homeowners, holding open houses to meet potential sellers, and creating targeted local marketing through direct mail, websites and open house signs. The goal is for agents to go "back to basics" and strengthen relationships through regular contact with homeowners in hot housing areas.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This document provides information and advice for homeowners considering selling their house. It discusses reasons why selling in the fall makes sense, including strong buyer demand, less competition from other listings, and the potential for a quicker sale process before new mortgage regulations take effect. It also outlines factors to consider when choosing a real estate agent and pricing the house correctly to attract multiple offers. The rest of the document provides tips and statistics related to home prices, mortgage rates, and the risks of selling without an agent.
This document provides information and tips for buyers considering purchasing a home in the winter of 2017. It discusses current housing market trends, reasons to buy now including still low interest rates and expected future price increases. The document reviews costs of renting versus buying, how to save for a down payment, the home buying process including getting pre-approved, what qualifications are actually needed to get a mortgage, and common questions about the paperwork involved. Key steps in the process like home inspections and closing costs are also outlined. The goal is to help educate potential buyers on factors to consider when purchasing a home.
The housing market continues to gradually improve without government support. While home prices and sales have declined compared to last year, inventory levels have returned to pre-tax credit levels. Low interest rates are encouraging buyers, but are expected to rise over 2012. Employment growth needs to continue for a full housing recovery, as jobs enable people to buy homes. Stimulus efforts will gradually wind down, but buyers still have favorable conditions in the market.
- The housing market continues its gradual recovery without government assistance like tax credits, while interest rates hit new lows but have started rising as the economy improves. Consumer confidence and retail sales are up substantially from last year.
- Home sales dipped slightly in October but pending sales rose over 10%, signaling stronger future sales. Inventory fell as prices stabilized near 1% changes. Affordability remains near record highs.
- The government extended conforming loan limits in expensive markets to provide continued support through 2011 as the market strengthens without as much assistance. Overall the document discusses positive economic and housing market trends.
Luxury Markets in Demand
As demand returns, we review several markets in the U.S. and Canada that experienced significant growth in March. Much has been written recently about the popularity of lower priced luxury markets, especially in the Midwest, so we wondered, with the uptick in sales during March, if this trend was still holding true…or if another shift is occurring.
East Bay, California
Taking the number one spot is not a Midwest market, but East Bay in California, where the median luxury sold price averaged close to $1.5 million during the first quarter of 2023. Not only did this market see a huge increase in demand during the pandemic, but once again it is drawing buyers to
its highly diversified communities and seems set for a strong spring market.
The housing market continues to gradually improve without government support. Home sales and prices rose in January while inventory fell, indicating stability. Mortgage rates are expected to trend upward in 2012 but buyers are taking advantage of low rates and favorable conditions. The recovery is gaining strength as lending standards and the job market improve.
To obtain the highest possible sales price for your home, the marketing must reach the right buyers with the right message. We have the network and experience to do this.
The Institute for Luxury Home Marketing has analyzed a number of metrics — including sales
prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and price-per-square-foot – to provide you a comprehensive North American Luxury Market report.
Additionally, we have further examined all of the individual luxury markets to provide both an overview and an in-depth analysis - including, where data is sufficient, a breakdown by luxury single-family homes and luxury attached homes. The Glimmer of Change Grows Brighter
Last month, we reported a glimmer of hope as the luxury market, for the first time in 2023,
witnessed an increase in the number of sold properties and new inventory entering the market
compared to the same month in 2022. This encouraging trend continues this month.
The Numbers are Up
Compared to November 2022, the number of sales last month rose 5.1% for single-family homes
and 13.7% for attached homes. This is not the only growth statistic that could show the start, albeit
a slow one, of a market comeback.
The number of new listings entering the market last month also increased compared to November
2022, by 21.1% for single-family homes and 29.3% for attached properties. The rise in new inventory
entering the market is equally significant as it shows a growing confidence by sellers compared to
last year.
Lack of new inventory has been one of the most significant challenges to the growth of sales during
most of 2023, as it created a roadblock for opportunity. This was especially significant in a market
where buyers had become highly specific in their property specification preferences.
Get Ready for 2024 the Right Way
During this unconventional market, we highly recommend working with a luxury property specialist to gain insights into what is truly happening in your local marketplace. The art of selling and buying in this market needs a critical and analytical approach. Understanding the realities and setting realistic expectations accordingly will ensure that your goals are achieved.
If you're considering to buy, sell or invest in California reach out and let's connect
LYNNE MACFARLANE, Realtor
Intero Los Altos & Carmel | DRE 02066698
831-346-2743
408-800-1141
LYNNE@LYNNEMACFARLANE.COM
WWW.LYNNEMACFARLANE.COM
The document summarizes housing market trends in March 2011. It notes that home sales were up 3.7% from the previous month but down 6.3% from March 2010. Home prices rebounded 2.2% but remain below year-ago levels. Inventory levels remained stable compared to the previous month. Mortgage rates have remained stable around 4.8% and housing affordability continues at record levels. The document also provides updates on government incentives and topics for home buyers, sellers and owners such as staging a home for sale.
This document is the September 2022 Luxury Market Report produced by The Institute for Luxury Home Marketing. It provides an in-depth analysis of luxury real estate market data and trends across North America. While most luxury markets remain seller's markets, the report notes signs that some are transitioning to more balanced or buyer's friendly conditions as inventory levels have risen from a year ago and new listings are declining. It also highlights some key trends impacting luxury buyers and sellers, such as a return of contingencies in offers, homeowners choosing not to list until conditions improve further, and priorities shifting towards mid-sized homes and locations closer to amenities.
- The document discusses recent economic and real estate market data from April 2010, including increased existing home sales, stable home prices, declining inventory, and high affordability due to low mortgage rates.
- It also summarizes a recent policy change by Fannie Mae to shorten the waiting period for homeowners going through a short sale to get a new mortgage, as well as provides summer home maintenance tips.
- The document concludes by noting the importance of consulting a local real estate agent to understand conditions in one's specific housing market.
- The economic recovery is gaining traction slowly, with first quarter GDP growth of 3.2% indicating a sustainable recovery, though it remains subdued compared to past recessions. High unemployment and foreclosures continue to hamper a robust recovery.
- Existing home sales strengthened in March, up 6.5% from February and 16% from the previous year, with 44% of sales being first-time buyers. The median home price was up 0.4% from a year ago.
- Total housing inventory rose slightly but is down 1.8% from the previous year, indicating the market may bottom out in the next few months. Fannie Mae shortened the waiting period for a new mortgage after a short sale
The document summarizes recent data and trends in the US housing market. It discusses signs of recovery such as rising existing home sales and stabilizing home prices. Government efforts to shift oversight of mortgage brokers from the FHA to lenders are seen as reducing red tape and benefiting consumers. While job growth remains stagnant and foreclosures elevated, low mortgage rates and improved affordability are providing support for further market stabilization.
The document summarizes recent data and trends in the US housing market. It discusses signs of recovery including rising existing home sales in April due to factors like the homebuyer tax credit and improved consumer confidence. While job growth remains stagnant and foreclosures are still high, the government is taking steps to reform the mortgage industry in hopes of further stabilizing the market.
Things to Consider When Selling a Home - Summer 2022 EditionTom Blefko
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.
You may be wondering if prices are projected to rise or fall…or how much competition you may be facing in your market. The free eGuide will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
This document provides information and advice for homeowners considering selling their house. It discusses reasons why the fall is a good time to sell, including strong buyer demand, less competition from other listings, and a quicker home selling process. It also covers tips for maximizing the sale price such as pricing the home slightly below market value and using a real estate agent. Other articles discuss the lack of housing inventory slowing the market, the importance of working with a knowledgeable agent, and strategies for negotiating the best deal. The overall message is that current market conditions are favorable for homeowners looking to sell.
This document provides summaries of recent developments in the real estate market, including:
1) Pending home sales have increased significantly and more signs point to a recovery in the housing market.
2) First-time home buyers are driving activity due to tax credits, and this is expected to spur more sales in coming months.
3) Housing affordability remains high due to low mortgage rates and home prices, contributing to favorable buying conditions.
Things to Consider When Selling Your House - Fall 2022 EditionTom Blefko
This document provides information for homeowners considering selling their home in fall 2022. It discusses the current housing market conditions, including a growing housing supply that provides both opportunities and benefits for sellers. While inventory is up, housing supply is still low overall. The document also addresses common questions about the potential impact of higher interest rates and a possible recession on home prices. It argues that historically, recessions do not necessarily mean falling home prices. Real estate professionals are positioned to help sellers price their homes correctly to sell in the current market.
Things To Consider When Selling Your House - Fall 2023 EditionTom Blefko
If you are considering selling your house this Fall, this guide will inform you about the present market and add clarity to help you make good decisions about real estate.
Follow me on these social media platforms:
Facebook (business page): https://www.facebook.com/tomblefko
Facebook (personal page): https://www.facebook.com/tblefko/
Instagram: https://www.instagram.com/tomblefko/
LinkedIn: https://www.linkedin.com/in/tomblefko/
X: https://twitter.com/tblefko
Pinterest: https://www.pinterest.com/tomblefko/
Scribd: https://www.scribd.com/user/362240661/Tom-Blefko
Blog: https://www.simplifyingthemarket.com/en/?a=528530-9b5b4e733fbacb19bcf2cbbf397e277e
The document summarizes recent data on the US housing market from the National Association of Realtors. It reports that existing home sales increased for the second month in a row in April, while home prices and inventory levels showed signs of stability compared to previous years. Mortgage rates dipped below 5% due to global economic factors. Affordability remains high compared to historical levels. The FHA is shifting responsibility for overseeing mortgage brokers to lenders in an effort to improve risk management.
1) The housing market is showing signs of recovery with rising home sales, stabilizing prices, and favorable conditions for buyers and sellers.
2) Recent government actions include a new credit card law to protect consumers and an expansion of the first-time homebuyer tax credit to help with closing costs.
3) Homeownership remains affordable and advantageous due to low mortgage rates, home price declines, and tax benefits. Research is provided to help buyers and sellers navigate the current market.
1. Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market (using December 2010 statistics) Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
2. Report overview : This report includes MLS data for the past 36 months in Maricopa County only as provided by the FlexMLS system. Please note that searches fluctuate daily when running these reports; these figures were obtained on 1/3/11. A reminder that you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying – blended statistics will not be as accurate as a more detailed report that your real estate professional can provide to help you with your decision making. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
3.
4. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
5.
6. Distressed Sales Analysis: A bank owned/foreclosure home is one that the seller no longer owns – it has been taken over by the lender(s) who had a note on the home. Short sales are homes where the seller is negotiating with the bank to “forgive” a portion of the debt in order to avoid foreclosure. December statistics saw the % of foreclosures and short sales increase, resulting in the % of non-distressed homes sales decreasing in Maricopa County. Banks were no doubt eager to close out their books for 2010 with fewer homes on the market, resulting in more closed sales last month. Sellers and buyers need to monitor this trend to see how the banks respond in 2011 AND how they treat the shadow inventory that currently exists but has not yet been made available to buyers. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
7.
8. Pending Sales Report Analysis : Sellers: Over the past 7 months, pending sales have remained fairly consistent. During the prior 2 years, the market saw an increase in the number of pending sales during the month of December. However, last month saw a decrease of 8.65% in the number of homes that entered pending status. This is the lowest number since November of 2009. Sellers should monitor this information to see what impact, if any, if might have on future sales. Buyers: Buyers need to pay careful attention to projected market trends. Experts are projecting that interest rates will continue to rise … late November already has shown an increase. If that is the case, buyers need to be diligent in finding the right home in order to lock in the lowest possible interest rate. Continue to work with your real estate professional to make sure you are aware of trends in more homes entering the market as the banks move forward with selling their foreclosure inventory. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
9.
10. Average Sales Price Analysis Sellers: The month of December saw a slight increase in the average sales price of homes that closed during that month. This was a 1.2% increase meaning that the average closed sales price was $167,154 last month. Continue to watch this graph to see how interest rates, inventory, and changing lender requirements impact this price. Buyers: For buyers, this means the average buyer paid MORE for a home in December than in the prior month. For buyers who are waiting for prices to drop OR who want to make offers well below list price, it is vital that you are consulting with a real estate professional to watch this trend and determine what price is appropriate for a home based on what the seller is asking. As inventory decreases, sellers may be able to ask more for homes than they have been able to in the past. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
11.
12. Average Days on Market Analysis Sellers: After 8 months of seeing this average decrease, December saw an average increase of 9 days. This increase means that the average homes is taking 115 days to close from the time it is shown being under contract. This is the highest this number has been since June of 2009. Sellers need to watch this trend … the higher the number, the longer it is taking for a home to close. Buyers: Buyers need to be aware of this number because it is an indicator of how long sellers are having to wait to go under contract and close. The higher the number, the more control a buyer normally has. Even if we have an addition of homes to the market via foreclosures, buyers need to understand that competition for great homes continues to remain very high, especially in the lower price ranges. The importance of having a reliable lender AND real estate professional to guide you through this process has never been more important. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
13.
14. List to Sale Price Ratio Analysis Sellers: The month of December saw a dramatic decrease of 1.38% in the list to sales price ratio … the lowest this number has been since February of 2009. This statistic reveals how close the actual sales price was to the list price on a home. In November, the average was 95.78% -- December was 94.4%. Continue to watch this trend, as it will impact how homes should be priced in the current market in order to appeal to the buyers. Buyers: Buyers need to pay attention. This number means that buyers have a little more buying power than they have for several months. Although the average is less than 100%, on lower priced/highly desirable properties buyers may still have to pay above list price. Since a home must appraise in order to obtain a loan, underwriters are looking very closely at prices and making sure that homes are selling at or below market value. Make sure your real estate professional helps you understand the competitiveness of the list price of the home you are wanting to purchase. You also need to be aware of the interest and sales activity in the area where you are wanting to buy and how the offer you are making competes with the market AND with any trends relative to the price at which homes are actually selling in the areas you have an interest. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
15.
16. Expired & Cancelled Listings Analysis Sellers: The month of December saw the number of expired and cancelled listings increase by 27.16% over the prior month. This means 4,701 homes were removed from the market, the highest number since June of 2009. This could be the result of homes being removed from the market because of unsuccessful short sales; traditionally, December 31 is one of the most active dates for expired listings. Serious sellers need to pay attention to all of the numbers this month … days on the market, the average sales price, and more homes expiring from a market presence due to lack of buyer interest means sellers need to pay very careful attention to how homes are priced so they can be the first choice of buyers. Buyers: For buyers, be aware that there are 4,701 fewer homes to consider. This means buyers will have to be more patient with homes still active AND be prepared to act quickly on available homes. Continue to watch this trend, as this, combined with price, days on market, and list to sales price ratio are an important indicator of what buyers need to do in order to be successful in closing on the home of their dreams. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
17. INVENTORY OVERVIEW Following is an overview of what is happening with the inventory of homes currently available in Maricopa County and the MLS. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
18.
19. New Listings Analysis Sellers: Statistics for the month of December showed a significant decrease of 1,353 new listings over the prior month. This means there were 8,363 NEW properties entering the market – they could be traditional sales OR they could be distressed sales. This follows the normal trend in December where fewer new listings enter the market in the last month of the year. It will be important to watch this statistic to see how sellers introduce new inventory in 2011. Buyers: This is important news for buyers, as it means there are still more homes entering the market, but the pace has slowed, as is normal during this time of year. It is very important that you continue to spend time with and listen to your real estate professional to develop your strategy for succeeding in a market that is constantly changing. Be prepared: as fewer homes enter the market, there will definitely be more competition for the best values. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
20.
21. Active Listings Analysis Sellers: Following the trend of the prior 2 years, December saw a slight decrease in the number of active listings. This is due to the increased number of closed sales AND expired/cancelled listings. Sellers need to make sure that they continue to watch what the banks are doing with foreclosed properties and how they are responding to short sales to ensure that homes are competitive with other homes on the market. Buyers: Buyers still have inventory to preview. Continue to monitor this statistic, as it WILL be the statistic that indicates how much new inventory you will have to preview … the lower the number, the more likely the competitiveness for lower priced homes will remain part of the current market. As always, market activity is local and should be researched with your real estate professional to determine the activity and desirability of the homes that are of interest to you. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
22.
23. Months of Inventory Analysis : (This report has been generated by taking the number of active listings and dividing it by SALES for the past month) Sellers: December showed a significant decrease of 1.5 months of available inventory to an average of 5.01 months after a fairly flat 12-month period. This is the lowest average since June of 2010 and now means, that on average, we have just about re-entered a seller’s market that is identified when this statistic reflects 5 months or less of inventory. This means sellers have less competition for buyers. It continues to be very important for you and your real estate professional to monitor this number so that you can make sure your home is priced accordingly in order to become the choice of the buyer pool. Buyers: Buyers will want to seriously monitor this, as it indicates a shift away from the balanced market which traditionally gives equal control to the sellers and buyers. We are seeing this in many price ranges, resulting in significant competition for desirable homes. However, the type of market will vary from price range to price range and even area to area. Work with your real estate professional to make sure you understand the type of market you are in. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
24. Total Market Overview : Sellers: This report provides a detailed breakdown of homes in Maricopa County based on price … by determining the price range where your home SHOULD sell, you can see what the average list to sales price ratio is, the average days on market, and more importantly, the percentage of homes selling in that price range. Note that as the price increases, so does the days on market AND the list to sales price ratio decreases. You will also see a lower percentage of homes selling as the price increases. Buyers: By reviewing the price range where you are purchasing, you can determine what the average home is selling for vs. list price. This should help you make better and more acceptable offers based on the current market. Provided by Keller Williams Realty Professional Partners – Statistics from December 2010 MLS
25.
26. IMPORTANT INFORMATION : Although these reports are beneficial in understanding the general market in Maricopa County, it is essential that you meet with your real estate professional to study these same figures in your area, as statistics will vary from neighborhood to neighborhood. As you make decisions related to the purchase or sale of a home, it is important that you understand how the current real estate trends will impact your decisions. Your real estate professional is available to help you monitor and interpret them to make sure that you are taking advantage of the current market whether you are selling OR buying.