Third Monday Marketing Update

Good Afternoon,

 

With Spring ushering in over the last few hours, the High Country is seeing signs of life all around. We continue to see sales figures high above the previous 2 years, and trailing behind 2008 & 2007, but it seems that things have gotten a little easier. As banks have released some of their grip on mortgagees, buyers have been viewing properties at a much higher rate than the previous 14 months. The number of properties Under Contract are holding steady, but they are still a little off from last year.

 

PS. A Note from the last update in case you did not get a chance to read it: Over the last week our market statistics saw changes as we added an adjoining MLS to our High Country MLS. This changed our data about 10% compared to previous active and sold statistics. Also, this does not mean that our statistics are not wrong or off-basis. Actually, they seem to be much in line with were we are headed anyway.

 

Have a great day,

 

 

Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR, Top Listing Agent for 2009 & 2010
Direct 828-406-2134
Marc@CedarFallsRealty.com
Make sure your REALTOR is RE-MARC-ABLE!

 

First Monday Market Update

Good Morning,

 

Over the last week our market statistics saw changes as we added an adjoining MLS to our High Country MLS. This changed our data about 10% compared to previous active and sold statistics. Also, this does not mean that our statistics are not wrong or off-basis. Actually, they seem to be much in line with were we are headed anyway.

 

Our year-to-date sales figures were up again, continuing to head back towards sales figures for 2007 & 2008. We still have a long way to go, but things are looking up for the number of transactions. The average sales price is down because of two main factors, people are not buying expensive homes they way they were in previous years & home values have decreased as well. Not every home fits into these factors, but for the most part our market is seeing these factors weigh down prices.

 

FYI: WE have seen the addition of sold listings into our database. This has caused March sales numbers to be a little off basis, compared to previous months. We are going to have to adjust to these new figures. Even though this will create a learning curve, the most important facts and figures are the current Under Contracts, and the more favorable year-to-date statistics. Also, the Absorption Rate is still the same, no matter how many properties were infused into our database. This is due to the fact that current inventory numbers rose just as recent sales rose. The number of properties added as sales and active listings were less than 8% of our market.

 

Regards,

 

 

Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR, Top Listing Agent for 2009 & 2010
Direct 828-406-2134
Marc@CedarFallsRealty.com
Make sure your REALTOR is RE-MARC-ABLE!