Good Morning Everyone! Please fasten your safety belts and raise your tray tables….
As we roll into the last week of the first half, we’ve seen all kinds of volatility from Wall Street and other world markets. We’ve seen a roller coaster in the interest rates, but my bet is we’ve seen most of the highs for the year already. As we march into the summer malaise, we are still seeing homes with desirable location/site characteristics and certain floor plans still being chased by market participants. We had multiple offers over the weekend on a list price of $1,750,000.
I’m betting this type of demand will continue through out the rest of 2018.
Weekly MLS Update
New Listing (1859) A very strong number, but not as good as last week.
Back On Market (296)
Price Increase (143)
Price Decrease (1303) I said we will be watching this more closely. Are list prices too high? This is a big number!
Under Contract (1792) Once again, a very strong number but not as good as last week.
Sold (1546) We continue to post strong closing numbers! On an annual basis, this is over 6,000 per month!
Finally, for this week’s update. While we still see buyers chasing “special” listings, on the flip side of this coin, we continue to observe properties where location, style, floor plan or condition are very off-putting in this market. Buyers have become very critical of condition and “appeal”. If a property does not have the correct layering of desirable characteristics, it has to be “priced right”!
If you need experienced expert help on Pricing It Right, just pick up the phone and call. We will call you back! Safe Travels…tc