Is Your Local Real Estate Market Hot or Cold?:

By
Real Estate Broker Owner with RE/MAX LLEWELLYN REALTORS

In our local market here in the essex county the market has slowed down, most buyers coming to open houses  but majority are window shopping and looking for great bargain and large price reduction in the asking price.

Please feel free to comment if you are seeing the same slow or hot market in your areas , i think part of our problem is that most buyers are reluctant to come out when it is ni the heart of the cold wheather, but i could also be wrong because that is just part of the problem ,there may be other factors as well , interest rates ,and lots of unemployed people as well playing it safe.

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REAL ESTATE TRENDS IN THE MARKET

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Rainer
45,488
Teri B. Clark
http://www.teribclark.com
In a slow market, you HAVE to make your properties stand out above the others. The best way to do that is through home staging. Take a look at my blog (click here) to find out more about staging. Letting your clients know about the process and then following the process will make their homes more attractive to buyers, even if the market is slow. I would suggest that you even give out a brochure (or better yet, my book! :)) to help them know what to do and why! Hope this helps. 
February 27, 2007 07:43 AM
Rainer
70,970
Scott & Jennifer Bowman
Prudential Shimmering Sands Realty

I had my best month in a year this month. (Feb 07) Although the Panama City, Fl market has slowed down quite a bit, there are many people looking on the internet at homes, many are not ready to sign on the dotted line just yet. Not sure what its going to take, I think they are looking for the bottom of the market with many sellers offering incentives, they think they are going to get a deal. Some buyers are not giving the deals that the buyers are looking for.

Our market has been one of the quickest to adjust from the Real Estate Frenzy that we experienced over the past 2 years and with our new International airport being built the market has quite a bit of room to grow, however, taxes and insurance are killing many in our area. But the deals are out there especially in the condo market in Bay County. It is still one of the least expensive areas in Florida to purchase a home or investment property!

February 27, 2007 11:11 AM
Rainer
23,887
Edite Liepina-Lawrence
ERA Tradewind Real Estate
Hot or Cold? It is what you say it is, it's always hot for me :)
February 27, 2007 01:37 PM
Rainmaker
1,379,947
Laura Cerrano
Authentic Feng Shui Expert
Feng Shui Manhattan Long Island

 

 I asked a realtor just this morning how business way (on lovely Long Island). She said her company has seen an increase in listings lately and homes ARE selling....as long as people don't expect to get what they would have gotten last year for them.  Those that are more "realistic" about prices right now, are moving.

March 12, 2007 04:26 PM
Rainmaker
670,847
Kay Van Kampen
Realtor®, Springfield Mo Real Estate
RE/MAX Broker, RE/MAX Solutions
I don't remember ever listing as many homes as I have this year.  The good thing is the market in the Springfield Missouri area is moving very well.  I know some agents are complaining that they don't have anything to do - but I'm swamped (it's a good thing).  I attribute a lot of it to working the website and reading all the information from Active Rain.
March 12, 2007 09:27 PM
Anonymous
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Rainer
65,478

Paul Anyanwu

CRS, SFR, Broker-Salesperson, Sales West Orange,NJ
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