Home > Blogs > Jana Hristova > Jana Hristova's (bestdeal1807) Blog

What's selling these days?

By Jana Hristova

Real Estate Agent with Best Deal Realty

July 03, 2009 11:53 AM

I have been considering doing short sales lately and I read quite a bit on this forum. I even signed for Broker Bryant and Wendy's short sale seminar. I found opposing opinions on whether it is worth doing short sales so I decided to do my own research.

I looked at last month sales (MLS only) in Riverview, FL. True, this is not scientific research but it is based on facts.

So, here is it.

Last month sales: 112

Short sales: 26

REOs: 32

New homes: 18

Normal sales: 36

I used to work in retail and from there I learned that it's worth stocking on the merchandise that sells.

What do you think?

Re-Blog

Comments(9)

Comment

Show All Comments

Sort:

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Here are my local stats on inventory in Broward County - across the state and south of you.

Where's all the excess inventory? Here are the stats for Broward County, Florida as of today. What are your counties inventory stats?

We sold a lot of bank owned properties under $100K...The agents that jumped on this 2 years ago are were selling lots, however, unless they release some new inventory, that market here dropped off slightly.

Just curious, What is the difference above in "new homes" and "normal sales"?

Jul 03, 2009 12:09 PM

Gene & Kim Quinney

Northwest Equity Home Sales - Tacoma, WA

I would assume that new homes are new homes and normal sales are re-sale/pre-owned homes.

Jana, if you are neglecting to work short sales and or bank owned properties you are limiting your ability, your skills and your income. Go for it. List and sell! Good luck...

Gene

Jul 03, 2009 12:33 PM

Charles Stallions

Charles Stallions Real Estate Services - Pensacola, FL

850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

You cater to the market, when in rome do as the romans do. I switched to REO in 06 added short sales in 07 along with Remods and now I am switching slowly back to first time home buiyers which means as a listing agent Investor owned properties.

Jul 03, 2009 12:47 PM

Anonymous

Karen and Gene, by new homes I mean new construction homes sold by an agent but listed by a builder.

Jul 03, 2009 12:48 PM

Anonymous

Charles, you were ahead of the curve. I started as a listing agent in 04,05 and in 06, 07 and 08 sold new construction. However new construction is not priced right anymore. I also sell REOs as a buyer's agent but I would like to get back to listings.

I wonder what the future holds, with all the predictions of double digit interest rates. Maybe I should be going to classes for owner financing.

Jul 03, 2009 01:02 PM

Bob & Carolin Benjamin

Benjamin Realty LLC - Gold Canyon, AZ

East Phoenix Arizona Homes

If you move into short sales have a lot of patience -- they take a VERY long time to complete and many never do - but instead they foreclose. All the best.

Jul 03, 2009 01:21 PM

Karen Monsour

Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL

REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Jana,

Are you signed in? If you commented on my post, thank you. Your name is not showing up, so try and login.

Just an FYI, I wrote 3 short sale offers in the beginning of February and they are "hopefully" going to close in 2 weeks...need lots of patience as above.

Jul 03, 2009 01:36 PM

Brian Lee Burke

Kenna Real Estate - Lone Tree, CO

Broker & Advising Expert-Kenna Luxury Real Estate

It depends on the area here. The areas we concentrate on have very minimal amount of short sale and REO, so for us it would not be worth it. I haven't looked at the most recent number but they are like 1-2 SS, 3-5 REO and 100+ regular sales (some of which would be new builds). ~Rita

Jul 03, 2009 02:02 PM

Brian Lee Burke

Kenna Real Estate - Lone Tree, CO

Broker & Advising Expert-Kenna Luxury Real Estate

Forgot to mention I lived in Tampa Bay area for 9 yrs. I miss it :) ~Rita

Jul 03, 2009 02:02 PM