Third Monday Market Update

 

For the last several weeks, I have heard many people ask, "What is going on with the market?", or "How is the current market?"

 

Well that is easy to answer. I am excited about the direction our market is headed as we start 2010. The number of properties for sale has been reduced, and projected sales for 2010 give us a great reason to smile. This does not mean that every property is in the clear and prices are going to start going up. But, the Spring market for the High Country has already started.

 

With buyers being a little sluggish in the bad winter weather we had in December, many people have started to step outside and begin looking again. In this area, we expect the market to be extremely busy for the "first time home buyers tax credit" (to qualify, the properties have to be under contract by the end of April, and close by the end of June). And some of these people are looking at properties all the way up to $300,000. This means great things for everyone, as the "first time home buyers", along with our normal Spring market, we have something looking forward.

 
PS. If you would like a copy of the NC High Country's Absorption Rate, please send me an email.

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

 

 

 

Technology Trends

Computers are about 30 years old. But, it has been only in the last 5 years where we moved to personal computers. In that time period, we moved from Laptops that weighed 2+lbs to cell phones that are more powerful than desktop computers we purchased 5 years ago.


Marc White
Marketing Specialist, ABR, GRI, ePro
828-406-2134
Marc@CedarFallsRealty.com

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FCS Playoffs 2009

Here is the bracket for the Playoffs...





First Round, November 28, 2009


South Dakota State at (1) Montana
Eastern Washington at Stephen F. Austin

South Carolina State at Appalachian State
Elon at (4) Richmond

Holy Cross at (2) Villanova
New Hampshire at McNeese State

Weber State at William & Mary
Eastern Illinois at (3) Southern Illinois

Third Monday Market Update

Approaching our Holiday Season, we still have very good sales and inventory figures, for this year. Our market has had a reduction in the number of listings; mostly it has been a reduction in the number of land listings. Of course the reduction in land listings has to do with the market conditions and the current ability to finance land.

 

Looking back over the last year, we have been looking at sales figures that are comparable with sales figures before we hit the hardest part of the recession. Our 3-month and 6-month figures are almost the exact same as this time last year, with a 15% difference in our 12-month figures. Also, the number of active listings has been about 500 listing below much of comparable dates from 2008.

 

There is a lot of data that shows where we have been and additional data that projects where we are going. My thoughts regarding both of these is that our market is going to slow down over the winter, which it almost always does, but people who keep there properties on the market over the winter will have less competition than before. There also seems to be a large number of buyers that are looking at less expensive properties as well as a large number that cant seem to commit to making an offer.

 

 

Marc White

Marketing Specialist, ABR, GRI, ePro

Broker/REALTOR

Direct 828-406-2134

Marc@CedarFallsRealty.com

Marc White Real Estate, Boone Real Estate, Blowing Rock Real Estate, Banner Elk Real Estate, High Country Real Estate

CLICK: Local news & information: NC High Country Real Estate

 

Great View Spot not to far from Boone and Watauga Lake

Click on the photo for a larger image. This was an incredible day, and an incredible view.

I wanted to share this photo with you, if you would like to own this photo or the land where it was taken from, email me. I would be happy to show you this great piece of High Country Land.

Regards,

Marc White

Marketing Specialist, ABR, GRI, ePro

Marc@CedarFallsRealty.com

Marc White Real Estate, Boone Real Estate, Blowing Rock Real Estate, Banner Elk Real Estate, High Country Real Estate

Tax Credit for First-Time Home Buyers and Current Home Owners!

Today, the President signed a bill into law providing tax incentives to prospective homebuyers. This bill extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010. Additionally, the bill expands the credit to include a $6500 credit for current home owners purchasing a new or existing home so long as the home they are leaving has been used as their principal residence for 5 years or more.  For more information on the home buyer tax credit,  please visit irs.gov.  The bill signed by the President today also extends unemployment benefits.

ABOVE IS COPIED FROM AN EMAIL SENT BY Senator Richard Burr stating the provisions of the new FTHB Tax Credit passed and signed today.

Marc White

Marketing Specialist, ABR, GRI, ePro

Broker/REALTOR

Direct 828-406-2134

Marc@CedarFallsRealty.com
Marc White Real Estate, Boone Real Estate, Blowing Rock Real Estate, Banner Elk Real Estate, High Country Real Estate

First Monday Market Updates - Absorption Rate

Conditions have dramatically improved! Our sales have continued to stay high, while our inventory numbers are diminishing. (This is exactly what our statistics Absorption Rates have been indicating). But, with this said, October 31^st is our third largest day of the year for listings to expire. Because of this, we may see a slight increase on our Third Monday Update later this month. Our current properties under contract have stayed fairly consistent with a slight drop in residential contracts in the past two weeks. Under contracts provide us with insight to what the market is doing, and going to be doing in the future. Many agents rely solely on Days-on-Market or recent sales, but these numbers simply tell us the past and can rarely provide insight into the future.

 

Let’s keep our fingers crossed as we still have some bright days ahead for us. Additional note, the extended marketing that I spoke to you about several weeks ago has just begun showing itself as productive. Since this is a relatively new approach, I anticipate we will see more positive results as we move through November.

 

 

Marc White

Marketing Specialist, ABR, GRI, ePro

Broker/REALTOR

Direct 828-406-2134

Marc@CedarFallsRealty.com

Marc White Real Estate, Boone Real Estate, Blowing Rock Real Estate,

Banner Elk Real Estate, High Country Real Estate, High Country Realty