Third Monday Market Update

The local weather is starting to calm, most snow has melted and no major signs of significant snow is headed are way. This has allowed a lot of buyers to start looking at property again. We are excited about this change.

 

But, we still have an uphill battle to fight. Our Absorption numbers (Inventory) is still very large. People still need (and want) to sell, while there are not as many people wanting to buy. The fact still remains, buyers are trying everything they can to get the best possible deal. Recently, I saw buyers pass on their favorite house because they were getting a better "deal" on another one.

 

We still have a month and a half left until the Home Buyers Tax Credit time frame comes due. Buyers have to be under contract before May 1, 2010 to take advantage of the tax credits (and they have to close before July 1, 2010).

 

Regards,

 

 

Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR, Top 10 Listing Agent for 2009
Direct 828-406-2134
Marc@CedarFallsRealty.com
Make sure your REALTOR is RE-MARC-ABLE!

 

 

FORECLOSURES in the NC High Country

I just spent some time researching Foreclosures in the area. If you are looking for a great deal on a home (or land) check out these…

 

HOMES

http://www.navica2.net/displays/?n=390&i=873761&k=oE7gIfL

 

LAND

http://www.navica2.net/displays/?n=390&i=868469&k=hEAQL

 

 

Note* There are more potential short sales in the area than there are Foreclosures, but either way, you can get a great deal.

 

Call me if you have any questions,

 

Marc White

Marketing Specialist, ABR, GRI, ePro

Broker/REALTOR, Top 10 Listing Agent for 2009

Direct 828-406-2134

Marc@CedarFallsRealty.com

Make sure your REALTOR is RE-MARC-ABLE!

 

Local Real Estate Map of Available Property

View Cedar Falls Realty in a larger map

First Monday, High Country Market Updates

The question I was asked many, many times last week, "What is your market doing?" Buyers from all around have been trying to figure out the best time to buy (getting the best deal) and take advantage of the Home Buyers Tax Credit. Of course, many of our Buyers are second home Buyers and are not as motivated by the timing of the tax credit. Again, weather has played a very large part of our current showings. While showings are not down compared to this time last year, they are down for the amount of activity we are seeing.  The number of homes under contract continues to rise, which is a great thing, and we anticipate this number continuing to go up another 20% in the next few weeks. If the weather will remain calm for the rest of the winter, we will see this number climb up even faster.

 

As Spring arrives, we will see a good number of properties begin to come off the market. There are pent-up buyers who are still looking for great deals. One other important note.you can see that over 70% of the homes that under contract are priced below $300,000 and almost 70% of the homes that have sold in the last 12 months were priced below $300,000.

 

Regards,

 

Marc White

Marketing Specialist, ABR, GRI, ePro

2009 High Country Association TOP TEN Listing Agent

Broker/REALTOR

Direct 828-406-2134

Marc@CedarFallsRealty.com

Cedar Falls Realty Boone, NC