Monday Morning Market….
Happy New Year to all! This is my first official MMM of the year, so I hope I’m not too rusty to pull it off…
· Active listings
o 185 in number, with list prices from $139,900 to $1,795,000
· Under contract in last 7 days=
o 2 listings, from $264,900 to $424,500
· Price changes=
o 13, with the greatest reduction going from $849,000 to $799,000
o 6 closings…5 of which were under $355,000…
I feel cautiously optimistic about this upcoming year… the phones are ringing and there are definitely buyers out there poking around. On a couple of the coldest, snowiest days in the last week I had several showings on my listings. First of all, I have some great listings right now that are really priced right (under $400,000) for the people who seem to be buying. Second of all, I believe that we will have a busy spring market, due to the tax credit that is being offered up. I believe that many buyers are out and about, trying to meet the end of April deadline for being under contract on a property in order to receive that credit! It can’t be a coincidence, that’s for sure.
I have a couple of listings in the pipeline that I measured up last fall, getting all the paperwork and the virtual tours ready to hit the ground running this spring. I have called all 3 of my soon-to-be sellers and told them that I believe we should get our properties on the market sooner rather than later, as this is going to be a last push for the buyers before that credit goes away. In a more typical market, I wouldn’t really ever advise a seller to list their home before mid-March or so, but this is a different market. You must strike while the (buyer) iron is hot!!
Speaking of striking while the iron is hot, I have a specific “need” for one of my buyers… If you know anyone in the downtown Geneva area who is considering selling their home, and it fits these parameters, would you forward this to them??
I have a buyer who wants ~
· a really great location,
· with at least a half of an acre for the lot size, and
· can go up to about $800,000, maybe $850,000 if it is something they can move right into with no fixing/repairing/updating. It has to be east of Randall Road!
That’s it for now! If you enjoy this blog, please feel free to subscribe to it! Loyal followers are always welcome!! Have a great week,
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