Team Black Bear’s
Real Estate Update Exceeding Your Highest Expectations in Service, Performance & Results! September 2013
“HOW IS THE REAL ESTATE MARKET?”
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We don’t just LIST properties…
WE SELL THEM Keller Williams is the largest real estate franchise in the United States, with approximately 80,000 associates. J.D. Power and Associates ranked Keller Williams "Highest in Customer Satisfaction" among both home buyers and home sellers for 2012. Keller Williams was ranked No. 9 on America's Top 150 Workplaces - the only national real estate company on the list. According to the REAL Trends 500, Keller Williams Realty's brokerages sold more real estate than any other franchise's brokerages last year.
e have a wonderful profession, because client’s confidence in the market being real estate brokers in Eagle and the general economy is better. The County. Everywhere we go we are asked confidence is stronger because there are more jobs, and construction and remodels “How is the real estate market?” Almost everyone cares about (look at Beaver Creek!) are slowly what is happening with pricing of coming back, which has always fueled residential homes, commercial our local job market. properties and One other factor affecting the lots. They care for “Almost everyone cares strengthening home and lot several reasons: prices is the lack of about what is happening 1. A home is inventory. Most of the with pricing of residential often one of their distressed (bank owned and biggest short sale) properties are gone homes, commercial investments in and many Sellers are still properties and lots.” their financial waiting to see if the prices will portfolio. go higher before they put their property on the market to sell. 2. What the home prices are doing has been an indication of what our There are a couple issues that some of whole county’s economy is doing. these home owners waiting to sell have not considered. First, if they wait until 3. If prices are going up, people’s prices go higher to sell their home, the spirits and enthusiasm for real estate next home they want will be a higher is stimulated and excitement starts to price also, so they may not profit at all by appear. waiting. Second, the interest rates very well may go up which could eliminate a You could argue that people should get lot of Buyers that can afford their home excited when prices are going down, now, but may not be able to absorb the because they can buy more home, or they higher payments that a higher interest can buy the home they want for less rate will generate. Third, we are pretty money. But it does not always work that sure prices will go up and down in cycles way because falling home and land prices (2008 thru 2011 showed us that). are usually an indication of less buyers and more inventory, usually triggered by less jobs and lowered income. So we are delighted to report that the Real Estate Market is getting better
Sales Data Cont’d on page 4.