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Buyers are Back & Inventory is Dropping!

By Sandra Paulow

Real Estate Agent with Aspen Properties, Inc. BR511793000

March 19, 2010 01:54 PM

Good Evening Everyone,

Wow, what a busy week. The buyers are returning to the market and as a result the inventory is dropping. I have been searching out properties for people for a couple of days and I am amazed at how few listings I have been able to locate for them.

There aren't too many foreclosures left in our market, at least right now, but we are starting to see more Short Sales. This may be the year of the Short Sale in the White Mountains. They haven't been too prevalent before but we are seeing more and more of them now. I'm sure it is a result of Sellers who have been frustrated by not being able to move their homes in the past year or so.

If you are thinking of buying the market is tightening up a bit so you will need to be diligent in your searches and you need to be ready to move when you find the right property. Multiple offers are starting to show up on those few remaining REO's and Short Sales. Short Sales are a challenge, no question about it. Sellers and Buyers need to be patient because the process is lengthy and complicated.

I am encouraged this week. There has been much more traffic than we have seen in a while. Maybe the signs of Spring are bringing people out once again. I'm glad to see it, I would much rather be busy than bored.

Have a wonderful weekend everyone.

Sandra Paulow, Associate Broker, GRI Your High Country REALTOR® (928) 242-0300

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Dr. Stacey-Ann Baugh

Century 21 New Millennium - Upper Marlboro, MD

A doctor who makes house calls.

I definitely see things picking up too. I have also been pleasantly surprised this week to find several listings that are not short sales or foreclosures.

Mar 19, 2010 01:56 PM

Cheryl Ritchie

RE/MAX Leading Edge www.GoldenResults.com - Huntingtown, MD

Southern Maryland 301-980-7566

Our office had the best single week a couple of weeks ago than any one week in 2009.

Mar 19, 2010 01:58 PM

New Construction Ocala Florida Real Estate

Pivotal Properties, LLC - Ocala, FL

Living and Loving Florida!

WHOOOO! HOOOO! I would like to consider myself a buyers agent at this time and my telephone has been ringing off of the hook. The times are changing!

Mar 19, 2010 02:02 PM

Larry Bergstrom

Crescent Realty, Inc. Spanaway, WA. - Spanaway, WA

CNE, CRS, GRI

Sandra,

I have a sign on my office wall that says "Dear Lord, if there's another real estate boom, please don't let me throw away my money."

I wish you the best.

Mar 19, 2010 02:07 PM

Kate Elim

Dockside Realty - Spotsylvania, VA

Realtor 540-226-1964, Selling Homes & Land a

Hi Sandra...Keep spreading the good news although low inventory is frustrating.

Use that as a way to get some lisitngs. Let your market area know its low and perhaps some owners will decide this might be the good time to put their place on the market. Go girl!

Kate

Mar 19, 2010 02:08 PM

Sandra Paulow

Aspen Properties, Inc. - Pinetop Lakeside, AZ

REALTOR, Associate Broker, GRI, SFR

Stacy, Yes it is nice to see things picking up. It has been so slow for so long, I think I have forgotten how to sell Real Estate.

Cheryl, Sounds like things are booming in your area.

"Citrus" Glad to hear things are picking up in Florida - your market has been like ours - very troubled.

Larry, Can I copy your sign and put it up in my office too. I laughed out loud when I read your response, thanks for a great laugh on a Friday night.

Kate, You betcha. It is good to have something positive to say after so long. I would love to see more listings but our sellers still have to get real. Maybe they will now.

Have a nice evening everyone, I'm signing off.

Mar 19, 2010 02:56 PM

Buyers are Back & Inventory is Dropping!

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