gilbert az housing market: Gilbert AZ Real Estate Market Update - 11/13/08 08:36 AM
Gilbert AZ Real Estate Market Update Here's an update on the Real Estate market in Gilbert AZ.
Our inventory is at 2005 active listings (down from 2500+ in November of 2007). Over the last few months I've been waiting for prices to be stabilizing around $260K - $275K. This month's average home sale price was $281K.
Trees, Block Fences, and the Real Estate Market - It's been quite a month with everything going on, but I'm glad to say that the opportunities are out there for anyone ready to take advantage of this market. I was not alive during the great depression but … (0 comments)
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gilbert az housing market: Luxury Homes For Sale In Gilbert AZ - 10/02/08 05:22 PM
Gilbert AZ Real Estate Market Update Here's an update on the Real Estate market in Gilbert AZ.
Our inventory is now down to 1993 active listings (down from 2500+ in November of 2007). Prices overall seem to be stabilizing around $260K - $275K.
My opinion,- It's been tough maintaining objectivity with all the panic going on out there, but the numbers don't lie. In January of this year we were at the absolute worst real estate market with 19.84 months of inventory!!! We are now at 8.9 months of inventory. (this is for the maricopa county area)
Q: Why would anyone want to buy in this market?
A: I have … (0 comments)
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gilbert az housing market: I'm sorry seller, it's not my fault home prices are declining - 09/18/08 11:48 PM
Why is my home not worth as much?
I wrote a blog a couple of days ago titled "being positive in a negative society". It's actually helped me quite a bit to cope with some of the unusual situations we are facing in our current real estate market.
I was doing my follow up phone calls and came across this person (we'll name it Sally to protect their identity) who had requested a home evaluation. I sent out a CMA and called later that day. The conversation started very good, very polite. Unfortunately Sally was unable to open the attachment which showed all the homes that had … (9 comments)
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gilbert az housing market: Don't forget about your clients!! - 09/16/08 07:45 PM
Building a Referral Network
When I started Real Estate, I promised myself that I wasn't going to treat my clients like they were just a one night stand.... I had to call them back days, weeks, months, years after they'd buy from me.
I was showing properties this morning in Gilbert AZ and drove by the very first house I ever sold and well I had to call my very first client to see how he was doing. Turns out his brother is looking to buy a house and had I not called him he would've forgot to refer his brother … (3 comments)
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gilbert az housing market: Being Positive in a Negative Society - 09/15/08 07:55 PM
"I Want to Make Sure You Didn't Misunderstand me..... Because You're About to Miss Out On Something Huge...."
I recently did a little experiment on my way of thinking. The results were extremely surprising and I want to share it with you.
I woke up one day and I sat around thinking to myself "If the US economy collapses, are we going to die?"...... I mean look around, when the Fed started cutting rates back in 2007 we knew our cost of living was going to go up. Gas prices soared, $100 worth of groceries now costs 3 times as … (18 comments)
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gilbert az housing market: Gilbert Real Estate Market - September 2008 - 09/08/08 11:47 AM
Gilbert AZ Housing Market
How's the Real Estate Business? Attention has been shifted to the elections as it should since the housing market is going to greatly depend on it. Yet this question is still one of the top ones I hear.
Simple answer: Bad
Bad because we still have quite a bit of inventory to clear and because prices are BACK TO NORMAL. It's only bad because if you owned a home before 2003-2004 and you didn't sell in 2005 you missed out on the opportunity to sell at a high price - one you won't see for another … (0 comments)
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gilbert az housing market: Understanding the housing mess - 08/14/08 04:35 PM
Real Estate Market
A common question I keep hearing is "Why do Short Sales take so long if you have buyers ready to buy such properties?" Well to understand this whole mess it's better to take a look at the big picture and then focus on the little details. First let me set the foundation of this blog to see what happened in the Real Estate Market in the past 8 years.(based on Gilbert AZ real estate market - *Source ARMLS)
I drew a line to help visualize a steady 3% increase in home prices over the years. But I want … (0 comments)
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gilbert az housing market: Gilbert Real Estate Market Update - July 2008 - 08/06/08 07:35 PM
Gilbert AZ Housing Market
One of the things you need to consider when selling your home is what is the market doing and set a strategy to sell the house based on what the market is doing today. As you'll see from reading some of my past blogs, I don't try to predict the market but rather try to read what the market is doing based on the information it provides me. One of the best examples is the information the market gave us in 2005 when volume dropped from 628 transactions in June to 230 in March of 2006. … (0 comments)
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gilbert az housing market: Sell Fast and For Top Dollar - Gilbert AZ Real Estate Market - 07/29/08 03:54 PM
Gilbert Real Estate *Bonus: How to get maximum exposure for your listing (scroll down to see video)
When you start looking for Real Estate Agents in Gilbert AZ you want to make sure that their marketing efforts are going to get your home sold in today's tough market. (Note: Not all real estate agents are Reators®).
First let's start with a reality check..... What have prices done in the last few years(2000-2008)?
This is not to show any trends or make any predictions, but rather to show how prices are coming back to their would be "Normal Price" from a long … (2 comments)
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gilbert az housing market: Did You Miss the Bottom of the Market? How to Avoid Getting Left Behind - 07/01/08 10:54 PM
Gilbert AZ - Real Estate Market If you were to walk into a room with 50 people and were asked what the median height was? it would be almost impossible to tell just by looking at the room.How can we make this task easier?Simply by organizing the data we have available. Here's what the graph would look like with unorganized data.
It's hard to tell the average by looking at this chart, but what if we organize it? Here's what it would look like.
It's a lot easier to figure out what the median height is, right?
Well in … (1 comments)
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gilbert az housing market: Gilbert Real Estate Market Conditions (Selling your Home Fast and For Top Dollar) - 06/24/08 09:35 PM
What's your home worth in today's market If you're thinking about selling your home, it's critical that you inform yourself as to what the current market conditions are. Many home sellers are losing more money than they have to and keeping their homes on the market longer than they should or many times don't sell at all. How to Sell Your Home Fast and For Top Dollar In order for me to do a good job at explaining how to sell your home in today's market, I need to make sure you understand market activity. Afterall we live in a Free … (0 comments)
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