Third Monday Market Update

Market Activity seems to be similar over the last two weeks, slight increases from the previous few months. Since the last update, rates have gone down a little which will encourage some buyers to move forward quicker than before. Also, with the Attorney General of North Carolina putting the proverbial brakes on foreclosures, buyers are going to focus more on non-foreclosures. Currently the process to purchase a foreclosure is so tedious and ever-changing; I am encouraging buyers to seriously consider the headaches and payoffs of a foreclosed home. (One client of mine has had their earnest money tied up in a bank for 12 months, with no end in sight). This has encouraged some of the buyers in our market to reconsider foreclosed homes.

 

 

**For more information regarding the North Carolina High Country Absorption Rate, please feel free to email or call me.

 

 

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!

 

First Monday Market Update

We have seen some increase in market activity (as has been expected) and encouraging signs by buyers, but they still seem somewhat reluctant. Average sales prices have fallen a little over the last few months and have decreased the market value of property in the area.

 

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!

 

 

Third Monday Market Update

Pending sales have increased 8.5% in the last two weeks. Internet marketing activity has shown an increase in viewings as well. As predicted in the last update, we have seen a larger number of showings in the past few weeks. Our office has seen this increase for several reasons: temperature difference here versus “home”, ASU football games, and people traveling to the area to look for homes for retirement.

 

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!

 

 

 

First Monday Market Update

Another slight increase in sales and properties under contract has
provided some smiles in the area. Fall was in full swing this weekend, as
we had numerous days of great weather and cool nighttime temperatures.
For the next few months tourism will rise in the area; a large number of
these people will be attending ASU football games, the numerous High
Country Festivals, and just stopping in to see the Fall colors change.
During this time, we will have more activity than normal, as people will
stop/call in to see a property while they are in town.

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!

The Official High Country Real Estate Magazine

Flip Book V.2 I.6-small

Third Monday Market Update

Same ole’, Same ole’…except for some shinning light. Two things started to stand out over the last two weeks. We have seen an increase in the number Under Contract and the number of prospects calling for information. These are both good signs as we start to head through Summer and into Fall. There were more calls in the last 15 days than the entire month of July and almost double the number of calls for the month of June.

 

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!

 

 

 

First Monday Market Update

Again, The Absorption Rate stayed steady over the last few weeks. Sales seem to be steady with last year, and the number of properties under contract has risen, ever so slightly.

 

I have had several conversations with agents (and some Buyers/Sellers) that all seem to be seeing very similar activity.less than desired. That is not really a joke; almost everyone I have spoken with has told me point-blank they would like more traffic. But, if you look at the number of sales, our market is not hurting like a lot of other places. The one major difference, we have almost no "lookers". Lookers are the people that call themselves buyers, but for one reason or another, will not actually be purchasing anything. This means that we have less people looking (than 2009), but just as many people actually purchasing, and our Absorption Rate is holding steady as well.

 

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!