The Shocking Truth About Real Estate Values
September 2022 Real Estate Update -34
Are we headed for a crash? See below and watch the video above.
First off many of you will want to instantly check the current value of your home (yes values are going up!... way up!). Due to the volume of requests that we receive it may take up to 24 hours for an accurate and in-depth report. If you want a report
that has very little to do with reality, please check our friends at Zillow because once in a while they're within 10-15% of the correct price. (-;
Please click on the picture and follow the link:
Here's what happened from the past week:
New Listings: 174 |
|
Pending / Under Contract: 132 |
Closed: 122 |
Are We Headed for a Crash in Real Estate Prices?
Simple answer: Not anytime soon. Real Answer: Our market has stabilized to a "normal" market. Similar to last month, our overall dollar volume in closed sales is similar to a year ago but there's lots more inventory to choose from. Speculative listing prices are back down closer to comps (although they did jump a bit above this month) and days on the market reflect a greater need to "stand out" with good marketing as the competition is stiff.
Simple answer: Not anytime soon. Real Answer: Our market has stabilized to a "normal" market. Similar to last month, our overall dollar volume in closed sales is similar to a year ago but there's lots more inventory to choose from. Speculative listing prices are back down closer to comps (although they did jump a bit above this month) and days on the market reflect a greater need to "stand out" with good marketing as the competition is stiff.
Buyers: List to sold ratio shows that on average buyers are able to negotiate 3-6% off of the listing price on those listings that were close to the comps. Creative purchasing is back! There's lots of options again and in many cases you wont' have to compete with multiple offers.
Sellers: There's way too much competition to not pay attention to excellence in your marketing. Staging, photography and even videography are yielding top dollar whereas poor presentation is bringing pain. If you are considering your options we have an excellent online evaluation tool called HOMEBOT that you may use without obligation FOR FREE. CLICK HERE FOR HOMEBOT and best of all it only takes about 3 minutes for you to set up!
My self and my agent associates are fluent with securing both listed and non-listed properties for our concierge buyers (call me for details if you feel this would apply to you and I'll explain how it works 435-704-4041). Buyer's that have to sell a house first (contingent) need to be aware and avoid the hidden pitfalls that they might encounter.
Proper pricing and marketing strategies are consistently yielding higher sold prices. CLICK HERE TO SEE MARKETING SAMPLES
Interest rates are most likely going to rise again throughout this year (see chart above). FIND YOUR RATE HERE
Interest rates are most likely going to rise again throughout this year. FIND YOUR RATE HERE
May God richly bless you in 2022!
Dave Diegelman - The Diegelman Synergy Group
Equity Real Estate
(435) 412-1722 office (435) 703-4041 cell
CLICK HERE TO SEE FULL REPORT
CLIENT TESTIMONIALS
P.S. You might enjoy watching a monsoon time-lapse
