Recently released survey results from an ActiveRain survey show 83% of survey participants were seeing the shift. There was a 133% boost in cofidence over 2012.
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So how does this sampling of ActiveRain participants from across the country mesh with the local market?
So while I do also see a "brighter future" for Lake Sinclair real estate, it's not time for sellers to start jacking up their prices. What you hear and see on the media is rarely the market of small town, USA. We were slower to decline and I believe we will be slower to recover.
Of course having seen a shift upward in number of transactions from 2011 to 2012 of 50% I also believe like most of the participants of the survey (84%) that we will see increased transactions. Both my January and February market report bears that out and I am guessing we'll have approximately another 50% increase. That would mean going from the 150 Lake Sinclair home sales in 2012 to 225 in 2013. Can me make that number?
35 Lake Sinclair homes have sold to date in 2013. That only puts us 40% increased over the same period last year. There are currently 15 homes pending on Lake Sinclair as well.
Now will the economy get better in the Lake Sinclair area? I wish I felt better about this one, but folks, we have more job losses ahead with the closing of Plant Branch and so we just have to keep plugging away at bringing weekend and retirement people to our community to keep the economy in check. I am also quite hopeful with the Putnam County commissioners' new hired position dedicated to bringing jobs and industry to Putnam County. I think we needed some new and fresh ideas on that front.
I don't see but a tiny bit of new construction in our area yet. But when I hear about things booming in Cumming GA and mid-town adding condos again I know it's just a matter of time until local builders will go back to work. I have seem a lot of new remodel/ finish the basement jobs starting to happen locally. Jobs and locally. I like those two words together.
I have friends in the business in some of those "HOT"spots on the map and they are booming. Prices are prices are rising and sellers ARE getting multiple offers. As a rule we're about 10 months behind the "trends" being set in real estate. When other areas were talking decline I saw the writing on the wall and was able to save while riding out the last new good months here in end of 2007 and begining of 2008. So I am hopeful that this time next year some of our sellers who have hung in there with us and waited until a market shift began to happen to let us market their homes will be having great results. For the past few years I have said to many potential clients, "if you don't "NEED" to sell, now is not the time." Many of those folks waited through the buyer's market to list.
Right now we're pretty stable. prices are stable. Numbers of closings and pendings are up. Listings are still plentiful, but it's a stable inventory, not a complete over saturation like the past few years.
Real estate is local... very local and varies even from one Lake Sinclair neighborhood to another. If you want the most recent specific data that would put a price to list and sell on your home give Lane Realty a call and we'd be happy to do a FREE CMA for you. Call us today at 706-485-9668.
There's always a bunch of smart people around ActiveRain and last year we predicted a rebound and that's what happened. Now we are seeing it get stronger. As a buyer, this means the bottom is in the rear view mirror already. Better get that house now before rates go up.
Data provided by ActiveRain, the #1 social community for real estate professionals.
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