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 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.
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.
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
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 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 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 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.
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.
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
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 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 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 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 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.
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
This document discusses factors that should be considered when selling a home in winter 2017. It notes that housing demand continues to outpace inventory, pushing home prices up in most areas. It encourages homeowners to take advantage of low interest rates and strong buyer demand to sell now rather than waiting. Selling now allows homeowners to move up to their dream home more affordably before prices rise further and rates increase. The document also highlights the equity growth and financial benefits homeowners have seen from rising home values. It predicts the market will remain favorable for sellers, especially as more inventory enters the market this winter.
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.
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 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 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 the advantages of selling in winter, including strong buyer demand, less competition from other listings, and a quicker closing process. It emphasizes the importance of hiring a real estate agent to sell the home, as most buyers still work with agents despite using online research. The document also outlines five demands homeowners should make of their agent, such as being honest about the listing price and helping facilitate the move. Finally, it lists five reasons why selling For Sale by Owner (FSBO) is typically not the best choice.
Things to consider when selling a home- Winter 2015Karen McKiernan
This document provides information and advice for homeowners considering selling their house. It discusses the advantages of selling in winter, including strong buyer demand, less competition from other listings, and a quicker closing process. It emphasizes the importance of hiring a real estate agent to sell the home, as most buyers still work with agents despite using online research. The document also outlines five demands homeowners should make of their real estate agent, such as being honest about the listing price and helping facilitate the move. Finally, it lists five reasons why selling For Sale By Owner is typically not the best option for homeowners.
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.
The document provides advice for homeowners considering selling their house. It discusses:
1. Five reasons to sell a house now in the spring, including strong buyer demand, less competition from other listings, a quicker selling process, better prices for moving up to a larger home, and being able to move on with your life.
2. The importance of using a real estate agent when selling, as most buyers still use agents despite conducting internet research, and agents help negotiate the sale.
3. Five demands to make of a real estate listing agent, such as being honest about the listing price, understanding the homeowner's timeline, removing challenges from the sale, helping with relocation, and ensuring the house sells.
This document provides information on reasons to sell a home in the spring of 2016 according to a real estate publication. Some key points include:
- Demand from buyers is strong while housing supply remains low, making it a good time to sell now before more inventory comes on the market.
- Selling now will allow for a quicker home selling process before the market gets busier.
- It's a good time to move up to a larger home before prices increase further over the next year.
- Home equity levels have increased for many homeowners who may not realize the opportunity they have to sell.
- Using a real estate professional and pricing the home slightly below market value can help sellers maximize the price they receive
Things to Consider When Selling Your House (Spring 2015)
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers,
This document provides an overview of factors for homeowners to consider when selling their house. It discusses 5 reasons to sell now, including strong buyer demand, less competition from other sellers, a quicker home selling process, benefits of moving up to a more expensive home now before prices rise further, and being able to move on with your life goals. It also emphasizes the importance of using a real estate agent when selling, as buyers rely on agents for finding homes, negotiations, and understanding the process. In addition, it outlines 5 demands homeowners should make of their real estate agent, such as getting an honest assessment of the listing price, understanding the homeowner's timeline, removing selling challenges, assisting with relocation, and ensuring the primary goal of
This document provides an overview of factors to consider when selling a home. It discusses 5 reasons why now is a good time to sell, including strong buyer demand, less competition from other sellers, a quicker home selling process, benefits of moving up to a more expensive home now before prices increase further, and being able to move on with your life goals. It emphasizes the importance of using a real estate agent when selling, as most buyers rely on an agent despite using the internet in their home search. It also stresses the importance of properly pricing your home initially to avoid future price reductions and get the best price.
This document provides an overview of factors to consider when selling a home. It discusses 5 reasons why now is a good time to sell, including strong buyer demand, less competition from other listings, a quicker home selling process, benefits of moving up to a more expensive home now before prices increase further, and being able to move on with your life goals. It emphasizes the importance of using a real estate agent when selling, as most buyers rely on an agent despite using online search tools. It also stresses the importance of properly pricing the home initially to avoid future price reductions and ensure the best possible selling terms.
This document contains monthly statistics from the May 2012 MLS provided by Keller Williams Realty Professional Partners. It repeatedly states that the statistics are from the May 2012 MLS and are provided by Keller Williams Realty Professional Partners.
February Phoenix East Valley Real Estate Market ReportLen Nevin
The real estate market in Phoenix is shifting towards a buyer's market. Active listings have risen 45.9% from the previous year, while pending listings and monthly sales have declined sharply. If current trends continue, sellers will face more concessions and lower prices by the end of 2014 due to increased supply and decreased demand. The report provides detailed statistics on housing market trends in specific Phoenix metropolitan areas.
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 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.
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
This document discusses factors that should be considered when selling a home in winter 2017. It notes that housing demand continues to outpace inventory, pushing home prices up in most areas. It encourages homeowners to take advantage of low interest rates and strong buyer demand to sell now rather than waiting. Selling now allows homeowners to move up to their dream home more affordably before prices rise further and rates increase. The document also highlights the equity growth and financial benefits homeowners have seen from rising home values. It predicts the market will remain favorable for sellers, especially as more inventory enters the market this winter.
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.
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 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 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 the advantages of selling in winter, including strong buyer demand, less competition from other listings, and a quicker closing process. It emphasizes the importance of hiring a real estate agent to sell the home, as most buyers still work with agents despite using online research. The document also outlines five demands homeowners should make of their agent, such as being honest about the listing price and helping facilitate the move. Finally, it lists five reasons why selling For Sale by Owner (FSBO) is typically not the best choice.
Things to consider when selling a home- Winter 2015Karen McKiernan
This document provides information and advice for homeowners considering selling their house. It discusses the advantages of selling in winter, including strong buyer demand, less competition from other listings, and a quicker closing process. It emphasizes the importance of hiring a real estate agent to sell the home, as most buyers still work with agents despite using online research. The document also outlines five demands homeowners should make of their real estate agent, such as being honest about the listing price and helping facilitate the move. Finally, it lists five reasons why selling For Sale By Owner is typically not the best option for homeowners.
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.
The document provides advice for homeowners considering selling their house. It discusses:
1. Five reasons to sell a house now in the spring, including strong buyer demand, less competition from other listings, a quicker selling process, better prices for moving up to a larger home, and being able to move on with your life.
2. The importance of using a real estate agent when selling, as most buyers still use agents despite conducting internet research, and agents help negotiate the sale.
3. Five demands to make of a real estate listing agent, such as being honest about the listing price, understanding the homeowner's timeline, removing challenges from the sale, helping with relocation, and ensuring the house sells.
This document provides information on reasons to sell a home in the spring of 2016 according to a real estate publication. Some key points include:
- Demand from buyers is strong while housing supply remains low, making it a good time to sell now before more inventory comes on the market.
- Selling now will allow for a quicker home selling process before the market gets busier.
- It's a good time to move up to a larger home before prices increase further over the next year.
- Home equity levels have increased for many homeowners who may not realize the opportunity they have to sell.
- Using a real estate professional and pricing the home slightly below market value can help sellers maximize the price they receive
Things to Consider When Selling Your House (Spring 2015)
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers,
This document provides an overview of factors for homeowners to consider when selling their house. It discusses 5 reasons to sell now, including strong buyer demand, less competition from other sellers, a quicker home selling process, benefits of moving up to a more expensive home now before prices rise further, and being able to move on with your life goals. It also emphasizes the importance of using a real estate agent when selling, as buyers rely on agents for finding homes, negotiations, and understanding the process. In addition, it outlines 5 demands homeowners should make of their real estate agent, such as getting an honest assessment of the listing price, understanding the homeowner's timeline, removing selling challenges, assisting with relocation, and ensuring the primary goal of
This document provides an overview of factors to consider when selling a home. It discusses 5 reasons why now is a good time to sell, including strong buyer demand, less competition from other sellers, a quicker home selling process, benefits of moving up to a more expensive home now before prices increase further, and being able to move on with your life goals. It emphasizes the importance of using a real estate agent when selling, as most buyers rely on an agent despite using the internet in their home search. It also stresses the importance of properly pricing your home initially to avoid future price reductions and get the best price.
This document provides an overview of factors to consider when selling a home. It discusses 5 reasons why now is a good time to sell, including strong buyer demand, less competition from other listings, a quicker home selling process, benefits of moving up to a more expensive home now before prices increase further, and being able to move on with your life goals. It emphasizes the importance of using a real estate agent when selling, as most buyers rely on an agent despite using online search tools. It also stresses the importance of properly pricing the home initially to avoid future price reductions and ensure the best possible selling terms.
This document contains monthly statistics from the May 2012 MLS provided by Keller Williams Realty Professional Partners. It repeatedly states that the statistics are from the May 2012 MLS and are provided by Keller Williams Realty Professional Partners.
February Phoenix East Valley Real Estate Market ReportLen Nevin
The real estate market in Phoenix is shifting towards a buyer's market. Active listings have risen 45.9% from the previous year, while pending listings and monthly sales have declined sharply. If current trends continue, sellers will face more concessions and lower prices by the end of 2014 due to increased supply and decreased demand. The report provides detailed statistics on housing market trends in specific Phoenix metropolitan areas.
This document provides an overview of how to use Facebook effectively for communications and marketing. It discusses best practices for setting up a Facebook group, including making it globally accessible with a straightforward name and logo, providing fresh content like events and photos, having multiple administrators, and promoting the group. Tips are provided for marketing events through Facebook like using the RSVP feature and updating events if details change. Ways to get the first 25 members include sending a broadcast email with the group link, promoting it on your website and in newsletters, and having officers and board members join.
January East Valley Real Estate Market ReportLen Nevin
The real estate market in Phoenix remained weak in December 2013, with sales much lower than the previous year. While active listings increased compared to January 2013, they decreased from the previous month. Pending listings also dropped significantly from the previous month and year. The report concludes that the cooling phase of the market has not finished and there is no evidence yet of a rebound in the spring market of 2014.
November Phoenix and East Valley Real Estate Market ReportLen Nevin
Demand for homes fell dramatically in October at an exceptional pace not seen since 2005, causing active listings to pile up as homes were not going under contract as usual. Sellers now have little bargaining power as supply builds and will soon be at a disadvantage when negotiating with buyers who will have more power in the cooling market. Numbers from November 2013 show a large increase in active listings compared to the previous year along with decreases in pending listings, contracts, and monthly sales, indicating the market is shifting strongly in favor of buyers.
Phoenix and East Valley Real Estate Market Report for OctoberLen Nevin
The real estate market in Phoenix is moving towards normality after years of sellers having an advantage. According to the October 2013 report, active listings are up 29.9% from the previous year while pending listings are down 31.8% and sales volume has remained steady. Demand appears to be weakening as new listings are added at a low rate rather than an influx of supply. Prices continue rising but the market is expected to reach a balanced state in December with supply and demand both below normal levels.
- 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 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.
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.
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.
Challenging Times in a Market Full of Contradictions
There is little doubt the luxury real estate market is facing some interesting challenges that even
have experts contradicting each other in their predictions and assumptions.
Statistics in many luxury markets still show that they are favorable to sellers – so why are homeowners
remaining hesitant to list their homes? For the fourth straight month, the number of new listings
entering the market has fallen, with increases in inventory levels mainly attributable to stale listings
lingering on.
Both sellers and buyers are sitting on the fence, with neither side wanting to jump into this
unconventional market unless presented with the right opportunity. The average days on market
have increased compared to last year, but relative to pre-pandemic averages, homes that have sold
recently are still selling twice as fast.
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.
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.
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.
Things to Consider When Selling Your House (Summer 2022) - KM Realty Group LL...Tammy Jackson
This document provides information and advice for homeowners considering selling their house. It discusses reasons why the summer of 2022 is a good time to sell, including low housing inventory, high home price appreciation, and growing home equity. It highlights expert opinions on the current housing market favoring sellers. The document provides tips on preparing a home for sale, pricing strategies, leveraging equity, inflation hedging properties of real estate, and how real estate agents can help sell a home. Key takeaways are that now is advantageous time for homeowners to sell due to strong buyer demand and limited supply putting sellers in negotiating position to get good offers and prices for their homes.
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...
This document provides information and advice for homeowners considering selling their house. It discusses reasons why winter is a good time to sell, including strong buyer demand, less competition from other listings, and a quicker home selling process. It also covers topics like housing market trends, the impact of low inventory, tips for getting the best price when selling, and factors to consider like interest rates and home affordability. The overall message is that current market conditions favor sellers, so homeowners should take advantage and list their home if they are ready to move.
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.
This Month in Real Estate explores recent market trends in the housing industry. Brought to you by Shawn Kormondy, Reis Group, Inc. at Keller Williams Realty.
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.
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.
The document summarizes the latest data and trends in the US housing market. It reports that home sales increased in August after declining due to the expiration of the homebuyer tax credit in July. Home prices remained stable year-over-year while mortgage rates hit new lows. Inventory levels declined slightly from the previous month. The Federal Reserve also took action to support the economy through bond purchases. Experts anticipate continued recovery in both the economy and housing market.
Similar to Monthly market watch for december 2011 (20)
The document is a marketing plan from Loyalty Home Group, a real estate team, that details their comprehensive marketing strategy for selling a home. The plan involves preparing the home, pricing it appropriately for the market, capturing high-quality photos and video, syndicating listings across over 300 sites and social media platforms, boosting Facebook ads, and continually evaluating and adjusting the marketing campaign until the home is sold. The goal is to generate maximum interest and exposure for the home to sell for the highest price in the shortest amount of time.
Steve Chader is a top real estate agent based in Mesa, Arizona. He promises to protect his clients' equity, provide convenience by doing all the work, and get deals done in the best possible time. He has extensive experience, having been a top producer for over 35 years. He uses his expertise and a specialized marketing plan called SmartMove to get homes sold quickly for the best price. This includes professional staging, inspections, warranties, photography, print and digital advertising, and open houses to get clients' homes noticed by buyers.
March 2015 Phoenix East Valley Real Estate Market reportLen Nevin
The real estate market in Phoenix showed improvements in February and March 2015 compared to the previous year. Active listings were down 11.5% year-over-year in March while pending listings were up 3.8% and sales increased 9.9%. The median sales price was also up 7.1% to $195,000. Demand has increased most significantly for homes priced between $75,000-$800,000, helping to balance supply and demand in these key price ranges. Several ZIP codes across the Phoenix area qualified as "hot spots" with contract ratios over 90, indicating demand is outstripping supply.
December Phoenix East Valley Real Estate Market ReportLen Nevin
The December 2014 Phoenix real estate market report provides the following key points:
- Housing sales were down 20% from October but this was expected due to fewer working days in November.
- Active housing listings have started to fall slightly although demand indicators like pending sales and contracts are starting to rise again.
- The author remains cautiously optimistic that the market has stabilized and December sales should improve if contract activity continues to rise, but the economic recovery still needs to drive further improvement in the housing market.
November Phoenix East Valley Market ReportLen Nevin
Active housing listings grew faster in October 2014 than September 2014 but slower than October 2013. New housing listings and pending listings were both down compared to previous years. Median housing prices were up slightly year-over-year but down month-over-month, indicating stability in the market rather than growth or decline. Predictions of a housing bubble bursting in Phoenix have proven incorrect as the market remains subdued with low demand outside of luxury homes, awaiting broader economic recovery and job/wage growth.
October Phoenix East Valley Real Estate Market ReportLen Nevin
The Phoenix real estate market report for October 2014 found that while new listings remained low, existing listings rose 16.3% from the previous year due to weakening demand. Home sales fell slightly and mortgage financing remained restricted. The overall market was deteriorating for sellers except for very high-end homes, with tight lending impacting demand from first-time buyers.
August Phoenix East Valley Real Estate Market reportLen Nevin
The real estate market in Phoenix saw a decline in demand for the 12th month in a row in August 2014. While active listings increased 45% from the previous year, they decreased slightly from the month before. Sales were down 15.7% from August 2013. However, the average sales price rose 5.8% to $126.53 per square foot. The report analyzed housing trends in various Phoenix suburbs, finding some areas like Sun Lakes and North Scottsdale saw stronger demand relative to supply. Overall, the market remained sluggish with weak buyer demand and interest.
June Phoenix East Valley Real Estate Market ReportLen Nevin
The real estate market in Phoenix was still weighted towards buyers in June 2014, though not as strongly as the previous month. While housing demand declined in May, housing supply dropped at a slightly faster rate, keeping the market balanced. The number of active listings was up significantly from the previous year but down slightly from the month before. Median home sales prices were up around 8-9% from the prior year but some measures of high-end home prices dropped in May compared to April. The analyst expected sales and price appreciation rates to fluctuate but continue trending lower over the next 6-9 months.
May Phoenix East Valley Real Estate Market ReportLen Nevin
The real estate market in Phoenix in May 2014 was weighted towards buyers but less so than in March. Housing demand remained weak while supply was normal. Overall home sales were down 12% from the previous year but normal MLS sales saw a 3.6% increase. Active listings were up significantly year-over-year at 69.3% but down slightly from the previous month. The market was improving slightly for sellers as demand increased faster than supply but sales volumes remained low overall.
April Phoenix East Valley Real Estate Market reportLen Nevin
The Phoenix real estate market report summarizes April 2014 market conditions. Demand was picking up from weak earlier levels but supply was still growing, especially for homes priced $200,000-$1,000,000. Sales were up over the previous month but down from the prior year. Average and median prices increased as higher-priced home sales became a larger share of the market. The report provided data on listings, sales, and prices for the overall Phoenix market as well as several cities.
March Phoenix East Valley Real Estate Market reportLen Nevin
The real estate market in Phoenix, Arizona has shifted from a balanced market to a buyer's market. Active listings have increased by 55.6% from the previous year while pending listings are down 37.3% and monthly sales are down 16.7%. The report attributes the weak demand to changing demographics as millennials replace baby boomers, citing that millennials on average have higher student loan debt, lower earnings and net worth than previous generations. The author predicts the need for more affordable rental options in the medium term as millennials choose to rent over buying homes.
December Phoenix Real Estate Market ReportLen Nevin
Demand fell in November but more slowly than in October. The Cromford Market Index fell from 106.7 to 96.9, indicating a shift toward a buyer's market. Pending listings stabilized, suggesting the worst of falling monthly sales volumes is over. Active listings were up 32.7% year-over-year while monthly sales were down 23.8%, though prices remained up over last year. Supply is expected to fall for the rest of December after rising for the previous 5 months.
The document provides guidance for homeowners looking to sell their property. It discusses preparing the home for sale, determining its value, the selling process and timeline. It emphasizes that now is a good time to sell due to high buyer demand and low inventory in most markets. Selling a home in good condition will attract more serious buyers and help sell the home more quickly. Hiring a professional real estate agent can help navigate challenges that may arise and get the home sold successfully.
The document discusses many questions and considerations for first-time home buyers. It covers determining how much can be afforded, where to find homes, financing options, down payment amounts, home search factors like location and number of bedrooms, and the home buying process including making offers and negotiations. The summary provides an overview of some of the key topics covered in the multi-paragraph document.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The August 2013 Phoenix Market Report provides real estate data for the Phoenix metro area and several cities within it. It includes market snapshots, active listings, sales per month, and average sales prices for the overall Phoenix market as well as cities like Mesa, Gilbert, Chandler, Tempe, Queen Creek, Scottsdale, and Gold Canyon. The report gives an overview of housing market trends in Phoenix and several surrounding communities for the month of August 2013.
July 2013 Phoenix East Valley Real Estate Market ReportLen Nevin
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document repeatedly states that Keller Williams Realty Professional Partners provided statistics from the January 2013 MLS for twenty-five times. It encourages the reader to contact their real estate professional or Susan Kraemer if they want to regularly receive these market updates.
The document repeatedly states that Keller Williams Realty Professional Partners provided statistics from the December 2012 MLS (Multiple Listing Service) report. It encourages the recipient to contact their real estate professional or Susan Kraemer if they want to regularly receive these real estate market updates.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Easily Verify Compliance and Security with Binance KYCAny kyc Account
Use our simple KYC verification guide to make sure your Binance account is safe and compliant. Discover the fundamentals, appreciate the significance of KYC, and trade on one of the biggest cryptocurrency exchanges with confidence.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
1. Monthly Market Watch for Maricopa County An overview of what is happening in the Maricopa County real estate market (using December 2011 statistics) Provided by Keller Williams Realty Professional Partners – Statistics from December 2011 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 1/3/12. 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 2011 MLS
3.
4. Closed Sales Report Analysis: Sellers: As inventory continues to decrease, the number of closed sales continues to grow. The month of December saw a 9.2% INCREASE in the number of closed units that follows a 5% DECREASE in November. For sellers, this means that buyers are still very, very active in today’s market. New home builders continue to ramp up their inventory to provide options to buyers so sellers need to continue to monitor market activity. Buyers: Buyers need to pay very close attention to this statistic. The increase in the number of closed sales is definitely related to the shrinking inventory – buyers are anxious to buy in a market that brings much competition. We continue to see multiple offers on high-demand properties, and in some cases, buyers need to pay more than list price in order to be the successful bidder. Buyers MUST carefully work with their real estate professional to understand the market AND to understand how they can compete with the market demand and other buyers who may be in a financial position that is more appealing to the seller. Provided by Keller Williams Realty Professional Partners – Statistics from December 2011 MLS
5. Provided by Keller Williams Realty Professional Partners – Statistics from February 2011 MLS
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 bank owned/foreclosure sales DECREASE by 2.3%, short sales increase by 2.5%, and traditional sales remain the same when compared to the month of November. This statistic means that the competition from foreclosure properties decreased while traditional sales from sellers with equity increased. Sellers and buyers need to monitor this trend to see how the market continues to respond to the current inventory. Provided by Keller Williams Realty Professional Partners – Statistics from December 2011 MLS
7.
8. Pending Sales Report Analysis : Sellers: As inventory decreases, it should come as no surprise that the number of pending sales continues to decrease. December saw an 8.4% DECREASE in pending sales, for a total of 5,069 vs. 5,532 in November. Sellers should continue to monitor these numbers to determine what type of activity there should be on their homes. Buyers: Buyer activity continues to remain very high as the available inventory decreases in today’s market. Educated and savvy buyers understand that a competitive market gives them fewer options for home choices, negotiating on price AND looking for concessions from a seller. Although this may vary from area to area AND from price range to price range, buyers need to make sure they are fully informed regarding the individual market in which they have an interest. This will give them the best chance of being competitive in the search for a home. Provided by Keller Williams Realty Professional Partners – Statistics from December 2011 MLS
9.
10. Average Sales Price Analysis Sellers: With the decrease in inventory, it should come as no surprise that home prices are now on the rise. December saw an increase of 1.5% in price over the prior month. The average increased from $165,881 to $168,365. Although this is very good news for sellers, sellers need to remain cautious as they see the impact that appraisals and final loan underwriting have in validating these increases. . Buyers: For buyers, it is important to be careful about this shift in the price of homes. This increase means that buyers have 1.5% less buying power than they did in the prior month. Although we have no idea what will happen in future months, the shrinking inventory could provide even more competition for homes on the market, which could result in even higher home prices. More than ever, you need to work with your real estate professional to make sure you have the best possible information regarding the market value of homes and to carefully monitor this trend to see how it will impact the availability, pricing, and terms associated with purchasing a home. Provided by Keller Williams Realty Professional Partners – Statistics from December 2011 MLS
11.
12. Average Days on Market Analysis Sellers: The month of December saw a 6 day increase in the average days a property stayed on the market. On average, it took 95 days for a home to remain on the market before moving to pending status. This is a 6.7% increase over the prior month, but is the 3 rd lowest average in the past 12 months. Although this is a significant increase, it follows the normal pattern for the month of December in prior years. Buyers: Buyers beware! When inventory remains on the market for fewer days, it means that sellers are having more success selling their homes. The lower the number, the less control a buyer normally has. Although we did see an increase in days on market last month, buyers still need to be aware 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 2011 MLS
13.
14. List to Sale Price Ratio Analysis Sellers: The average price a seller receives continues to be impressive with December showing a slight decrease to at 96.15%. The higher the number, the closer the final sales price is to the listing price. With the competitive nature of the market, we would expect that this ratio would continue to be closer to 100% of the list price of a home. Continue to watch this trend, as it will continue to impact how homes should be priced in the current market in order to appeal to the buyers. Buyers: Buyers need to pay attention. As this average remains close to 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 still looking very closely at prices and making sure that homes are selling at or below market value. This could mean that investors have an advantage if they are willing to pay higher than the list price. 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 trends relative to the price where homes are selling in the areas you have an interest. Provided by Keller Williams Realty Professional Partners – Statistics from December 2011 MLS
15.
16. Expired & Cancelled Listings Analysis Sellers: December saw another increase in the number of expired and cancelled listings with a total of 2,407 homes that were either cancelled or the listings expired during the month. A significant contributor to this statistic is that many agents have listing periods end on December 31 st of each year. Sellers should remain very careful to monitor their local market to ensure that they are pricing homes and offering terms that are appealing to buyers. Buyers: For buyers, be aware that there are 2,407 fewer homes to consider. At a time when inventory continues to shrink, this means an even tighter market for buyers. Buyers can expect more competition and less room for negotiation on price and/or concessions from sellers. 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 2011 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 2011 MLS
18.
19. New Listings Analysis Sellers: All of the stars are lining up for an even more competitive real estate market in the Phoenix metro area. November saw an 11.6% drop in the number of new listings entering the market; December saw a 14.6% drop over the month of November. Only 6,485 homes entered the market last month, by far the lowest number in the 36-month reporting period. At a time when buyers are competing to find a home, this number means they will have even fewer choices than in the prior months. However, sellers should monitor this new inventory to see how it might impact the sale of their home. In this great market, it is even more important that sellers need to make sure they remain as the top choice for active buyers in the marketplace. If your home is not selling in this aggressive market, it is more than likely a pricing issue – buyers are still looking for the best value possible. Buyers: Buyers pay attention! November & December saw a dramatic drop in the number of new inventory entering the market. This is more than likely due to the drop in foreclosed homes becoming available. More than ever, it is essential that you 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: a continued decrease in new listings entering the market could present challenges for finding your next home. Provided by Keller Williams Realty Professional Partners – Statistics from December 2011 MLS
20.
21. Active Listings Analysis Sellers: December saw a DECREASE in the number of listings over the prior month after 2 months of inventory increasing – and it was a dramatic one – a decrease of 19.3%! We normally see a drop in inventory in the month of December, so this is not unusual; however, it was a more dramatic decrease than in December of the prior two years. Sellers need to make sure that they continue to watch this trend to determine how their homes should be priced in order to be competitive AND the terms that will need to be available for prospective buyers. Buyers: The current market means that buyers have fewer homes to consider than in prior months. Continue to monitor this statistic, as it WILL be the statistic that indicates how much inventory you will have to preview and how quickly you will need to act… 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 2011 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 saw a 26% DECREASE in the number of months of available inventory to only 2.62 months of available residential properties in Maricopa County. This statistic means, that on average, we continue to remain in what is called a very strong “seller’s market” that is identified when this statistic reflects less than 5 months of inventory. Although this traditionally means that sellers will have more control in a sales transaction than the buyer, it is essential that you are meeting with your real estate professional to determine the ACTUAL market in your area. You may find that you have more or less control than the average. Buyers: Buyers will want to seriously monitor this as well, as it indicates that there is still low inventory. We remain in a seller’s market. A seller’s market traditionally gives less control to buyers and can create significant competition for the current inventory. 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 2011 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 2011 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.