How is the Sandpoint Real Estate Market Doing?
First of all, as of today, July 26, 2009, pending sales in the Selkirk MLS area of North Idaho the stats are as follows:
Pending Sales: 169 All Types $44,542,718
Closed Sales since 1/1/09: 369 All Types $92,392,240
Closed Sales 2008: 907 All Types $241,893,271
Personally, closing on two waterfront homes in the last several weeks was a plus, but this last ten days has been especially busy. With seven contracts written, two have been accepted and close quickly. Another, 333 Derr Island, had one that was not accepted, but with over 50,000 hits on Tour Factory (Click Here to visit the tour) we are finally working with a buyer that looks to make a viable offer. We have had eight showings, several house events, and one wine tasting. There virtually no other waterfront properties in this price range, and there is even an airstrip right on the island.
Another buyer is doing his due diligence with an engineering firm to make an offer on a million dollar waterfront lot on the Hope Peninsula gold coast.
Funny thing is, I am working mainly in the half million range, and the sub-$250,000 range with virtually all my clients.
I am not having a banner year, but am having what many consider to be an average one. This is apparently much better than the vast majority of REALTORS®. I believe this to be directly related to my web presence, with outstanding web advertising, and over 100 websites that direct people to me and my team. These sites include www.SandpointRealtors.net, www.SandpointID.net, www.WaterfrontHomesSandpoint.com, www.RealtySandpoint.com, www.RealEstateSandpoint.net, and many more. The combined totals of visitors to these websites, and our many community sites is over 400,000 annually.
A couple of great real estate knowledge gurus are some of the things we are working on this summer, including David Knox and Walt Fry. While following all the tenets of Ninja Selling would be admirable, our market of lake front properties, ski resort realty, and the quirks of our quaint North Idaho population don't always make their teachings applicable. The ones that work well though are worth emulating. Right now, my job for both buyers and sellers is to keep buyers in the funnel, continually finding people willing to make purchases, and finding them the right properties that fit their needs.
Continuing to make a living is hard for many REALTORS® for so many of the obvious reasons, but if I am not supporting myself, I do a great disservice to my clients. Decisions should never be based on needing to make the sale so that my next set of bills can be paid. Also, with the changing market, if an agent doesn't earn enough to warrant full-time to the job, part time knowledge is what the customer gets. Education, both in the field and in the classroom is paramount and the bare minimum of where customer expectations should begin.
So, not doing so bad in this down market. Don't you deserve a REALTOR® who is successful even when the job is hard?
THE TOP SIX
BONNER COUNTY REAL ESTATE SALES
Tomlinson Sandpoint Sotheby's International
Agency Volume $ Sold % of Total Volume Sold
Tomlinson Sandpoint Sotheby's International Realty $ 46,713,850 30.26%
Second Place 28,079,335 18.19%
Third Place 13,216,525 8.56%
Fourth Place 11,186,240 7.25%
Fifth Place 7,001,650 4.53%
Sixth Place 5,822,350 3.77%
January-June 2009 Market Analysis
Tomlinson Sandpoint Sotheby's International Realty has 21.00% of the Realtors in Bonner County
Balance of Bonner County MLS Real Estate Offices have less than 2.45% of $ Volume Sold
This representation is based on information from the Selkirk Association of Realtors for the period of January 1, 2009 through June, 30 2009. Statistics do not include transactions not reported to the MLS.
Information is deemed reliable but not guaranteed
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