preparing to sell: More Buyers than Homes in Lancaster , PA !
- 05/29/18 05:48 AM
Drop in Inventory Fuels Sales Slowdown in Lancaster ? Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines. The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains. Sellers - Now is clearly the time to obtain TOP DOLLAR for your property . TEXT me (717-951-9933) to receive a Pre-Listing Packet … (2 comments)
|
preparing to sell: Are there Two Different Markets in Lancaster , PA ?
- 05/09/18 04:49 AM
Both Seller's & Buyer's Markets in Lancaster , PA ? Some Highlights: A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices! Inventory continues to rise in the luxury & premium home markets which is causing prices to cool. Demand continues to rise with low inventory in the starter & trade-up home markets, causing prices to rise! Buyers - you will need Representation to navigate through a Very Competitive Market in most local … (3 comments)
|
preparing to sell: How are House Sales doing in Lancaster Co., PA ?
- 05/09/18 04:44 AM
SELLERS - Now is the time to obtain TOP DOLLAR for your property BUYERS - You will need skilled Representation to navigate your way through this very competitive Sellers Market ! Text or email me to get started mikeperrykw@gmail.com The PERRY PROPERTY GROUP is a PAID Vender Account on NextDoor.com FOLLOW us on FB ! … (3 comments)
|
preparing to sell: Spring into Action - List Your Lancaster House Today !
- 03/23/18 01:05 PM
20 Tips for Preparing Your House for Sale This Spring Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help! Inventory is still very low ! Email mikeperrykw@gmail.com to update your Current Market Value . … (2 comments)
|
preparing to sell: Lancaster,PA Housing is Increasing at What Percentage ?
- 03/09/18 07:49 AM
Home Prices: The Difference 5 Years Makes The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009.
One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from December 2012 to December 2017 to show how prices over the last five years have fared.
Frank Nothaft, Chief Economist at CoreLogic, commented on the importance of breaking … (2 comments)
|
preparing to sell: Lancaster's Housing Market will Spring Forward
- 03/09/18 07:47 AM
Housing Market Expected To “Spring Forward” This Year in Lancaster,PA Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.
Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.
Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.
That hasn’t happened … (0 comments)
|
preparing to sell: New Inventory in Lancaster,PA 's Home Market ?
- 03/06/18 08:54 AM
Competition is Coming, Are You Thinking of Selling Your Lancaster Home? The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.4% over last year.
How will this impact buyers? More inventory means more options. Lawrence Yun, NAR’s Chief Economist, explained this is good news for the housing market – especially for those looking to buy:
“This rise in … (3 comments)
|
preparing to sell: Should I Sell My Lancaster,PA Home Now ?
- 03/02/18 08:41 AM
Latest NAR Data Shows Now Is a Great Time to Sell Your Lancaster Home ! We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house.
Let’s look at the data covered in the latest REALTORS® Confidence Index and Existing Home Sales Report.
REALTORS® CONFIDENCE INDEX Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” This month, the index showed (again) … (4 comments)
|
preparing to sell: Let The Perry Property Group Represent You in Lancaster,PA
- 02/23/18 08:33 AM
Top 5 Reasons to Hire the Perry Property Group to Represent You ! Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO.’
The 5 reasons you NEED a real estate professional in your corner haven’t changed but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market … (1 comments)
|
preparing to sell: 2 Things that will Help Sell Your Lancaster Co.,PA Home
- 02/23/18 08:29 AM
2 Ways to Get the Most Money from The Sale of Your Home Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?
Here are two keys to ensure that you get the highest price possible.
1. Price it a LITTLE LOW This may seem counterintuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand … (3 comments)
|
preparing to sell: Stock Market Not Affecting Lancaster,PA Real Estate
- 02/18/18 08:38 AM
Calm Down! The Real Estate Market is NOT Falling Apart There has been tremendous volatility in certain markets over the last few weeks (for example, the stock and currency markets). When this happens, some tend to lump all of their investments together and create an almost ‘Armageddon’ scenario where everything loses value quickly and dramatically. Real estate is an investment that can get caught up in this hysteria. Does the concern about the current housing market have merit?
Financial advisors have been warning us for months that the stock market was ripe for a “correction.”
Experts have been questioning the value … (2 comments)
|
preparing to sell: Lancaster, PA Prices Continue Upward !
- 02/18/18 08:34 AM
Lancaster's Low Inventory Pushes Home Prices Higher ! According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase.
Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind the large appreciation,
“The number of homes for sale has remained very low. Job growth lowered the unemployment rate to 4.1 percent by year’s end, the lowest level in 17 years. Rising income and consumer confidence has increased the number of prospective homebuyers. The … (0 comments)
|
preparing to sell: Why Lancaster, PA Sellers are Listing this Month !
- 02/13/18 05:40 AM
The #1 Reason to Sell Now Before Spring The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017:
Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.
Bottom Line … (3 comments)
|
preparing to sell: Is Now a Good Time to Sell My Lancaster,PA Property ?
- 01/29/18 08:30 AM
U.S. Housing Inventory Crunch Continues… List Your Lancaster, PA House Today! Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.
Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!
At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen … (2 comments)
|
preparing to sell: Why Lancaster,PA Sellers Stage Their Homes !
- 01/12/18 07:41 AM
The Impact Staging Your Home Has on Sales Price Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room. Email mikeperrykw@gmail.com to learn more about Staging your home. … (3 comments)
|
preparing to sell: Cold Weather Won't Stop Lancaster, PA Home Sellers !
- 01/08/18 06:00 AM
4 Reasons to Sell This Winter Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family to move on and start living the life you desire. Update your Current Market Value with a FREE RPR Report . Email mikeperrykw@gmail.com to get started. … (5 comments)
|
preparing to sell: Has My Lancaster Co, PA Home Increased in Value ?
- 12/07/17 05:01 AM
Home Prices Up 7% from Last Year According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase.
A lack of supply of homes for sale has led to upward pressure on home prices across the country, especially in areas where both existing and new home inventory have not kept up with buyer demand.
CoreLogic’s Chief Economist Frank Nothaft elaborated on the significance of such a large year-over-year gain,
“Single-family residential sales and prices continued to heat up in … (4 comments)
|
preparing to sell: Why Should I Sell My Lancaster, PA Home Now ?
- 12/07/17 04:59 AM
5 Reasons to Sell This Winter! Here are five reasons listing your home for sale this winter makes sense.
1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now Housing inventory is still under … (2 comments)
|
preparing to sell: Scarcity Drives Traffic in Lancaster,PA Housing Market
- 12/07/17 04:58 AM
The #1 Reason to List Your House Today! Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price.
Historically, this made sense. However, today’s real estate market is not following the rules of the past.
The National Association of Realtors (NAR) measures buyer “foot traffic” each month. It receives data on the number of properties shown to a prospective purchaser by a Realtor® (based on … (1 comments)
|
preparing to sell: How Long Will it Take to Sell My Lancaster,PA Home ?
- 12/05/17 09:00 AM
Median Days on the Market Drops to 34! [INFOGRAPHIC] Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in less than 60 days in 44 out of 50 states, and Washington D.C. Homes typically went under contract in 34 days in October! Sellers, update your Current Market Value with a RPR Report , Email mikeperrykw@gmail.com to get … (2 comments)
|
;)
;)
;)
