To buy or not to buy - is that the question? With so many opportunities and obstacles in the market many of you are trying to figure out if now is better than later. Locally, we see that last year's tax credit stimulus was picking up full steam in the month of April before peaking last May. This year, we are seeing investors coming out of the woodwork snatching up those undervalued foreclosures because the smart money knows that value in 5-7 years is going to be strong. In the meantime, people who are thinking about a major remodel of their current home are looking at homes for sale and seeing the house they really want already has the update and is within their budget. Now is the best time to buy improved Location, Lot, and Floorplan. If you have a home to sell, call us and let us strategize a success plan so you too don't miss out on the current housing opportunities.
Click here to see the market numbers for April
Tuesday, June 7, 2011
Wednesday, June 1, 2011
May Market Update
Hello Springtime! In Kansas City, March seems to be the official start of the Springtime real estate market. While we try to determine if this year's Spring market is anywhere near "normal" it is interesting to compare it to last year's figures where the tax credit stimulus was in full swing.
How did the figures of last March compare to this year? With the rush for sellers to try to get their homes sold last year during the stimulus there were 11% more homes on the market last year compared to this March. The incentive for cash definitely drove more sales to the tune of 15% more sales last year. The average sales price last year was 13% higher than March 2011. Sellers also fared better in the discounting of their homes last year with a Sales Price to List Price ratio slightly higher (last year) at 95.1% compared to 94.6% in 2011.
Did the stimulus work? You can be the judge of that. There will always continue to be sellers who need to sell and buyers who need to buy. We continue to look for clients who need professional guidance whether they are selling or buying. If you know anyone who is trying to decipher current market conditions, we'd love the opportunity to talk to them and offer them the same level of service you've received in the past.
Click Here to See the latest #'s
How did the figures of last March compare to this year? With the rush for sellers to try to get their homes sold last year during the stimulus there were 11% more homes on the market last year compared to this March. The incentive for cash definitely drove more sales to the tune of 15% more sales last year. The average sales price last year was 13% higher than March 2011. Sellers also fared better in the discounting of their homes last year with a Sales Price to List Price ratio slightly higher (last year) at 95.1% compared to 94.6% in 2011.
Did the stimulus work? You can be the judge of that. There will always continue to be sellers who need to sell and buyers who need to buy. We continue to look for clients who need professional guidance whether they are selling or buying. If you know anyone who is trying to decipher current market conditions, we'd love the opportunity to talk to them and offer them the same level of service you've received in the past.
Click Here to See the latest #'s
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