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At last week's Your Castle Real Estate meeting, I found out that I was the #3 agent in the company (~380 agents) for 2011!
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Some more food for thought, if you're thinking of waiting until spring to list your home...
-- Inventory is at its lowest point in 11 years. Average months of inventory under $460,000 is 3.1. A balanced market is 6 months, so this is a strong buyers market, especially under $350,000.
-- Interest rates are still very low. Buyers are taking advantage of the low rates by buying up any inventory there is.
-- The # of homes sold was up 20% in the 3rd Quarter and up 8% in the 4th Quarter.
-- The # of showings per active listing was 7.6 in the 4th Quarter, well ahead of the previous year.
What does all this mean?
It means that there is almost no competition right now, so why wait to list your home until spring when everyone else is going to?
Call me today to list your home! 720-289-0260
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I saw this on Seth Godin's blog. Love it!!
It really is a choice, one or the other. Either you happily recommend the best option for your customer, or you give preference to your own items first. Either you believe in what you sell, or you don't. Either you treat your best partners better, or you treat everyone the same. Either you shade the truth when it's painful to do otherwise, or you consistently share what's important. Either you always keep your promises or you don't. Either you give me the best price the first time, or you make me jump through hoops to get there. Earning the position of the honest broker is time-consuming and expensive. Losing it takes just a moment.
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Take a look at an analysis that one of my colleagues at Your Castle Real Estate did. It’s an analysis of active inventory.
- Only 6,200 homes active on the market… 12 year low What does this mean? It’s a great time to be listing a house! Especially under $250K.
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Yes! Apparently, The Denver Post/Associated Press does know how to write a positive story about the real estate market. Here it is... Economists cheer higher home sales in 2011 WASHINGTON — Home sales in December reached their highest pace in nearly a year. The gain coincided with other signs that the troubled housing market improved at the end of last year. Analysts cautioned that sales remain historically low and that it will take years for the home market to return to full health. Still, the third straight monthly sales increase was encouraging. And economists noted that conditions are in place for further gains this year: Prices have declined. Mortgage rates have never been lower. Homebuilders are slightly more hopeful because more people are saying they might be open to buying this year. And home construction picked up in the final quarter of last year. "There's no denying that home sales are still very low and will remain low for a few years," said Paul Dales, an economist with Capital Economics. "But after having risen in each of the last three months ... it is clear that a housing recovery is now well under way." Sales of previously occupied homes rose 5 percent to a seasonally adjusted annual rate of 4.61 million in December, the National Association of Realtors said Friday. It's the best level since January 2011. For all of 2011, sales totaled only 4.26 million. That's up slightly from 4.19 million in the previous year. But it's far below the 6 million that economists equate with healthy housing markets. In 2005, at the peak of the boom, 7.1 million homes were sold. Hiring has improved, which is critical to a housing rebound.
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