I have been talking about it for months now. I have put it into a few posts over the last few months, trying to counter the bad news coming from our national media. Check out some of those posts here and here. It's always interesting to see the reaction on people's faces when I tell them that the real estate market is in great shape in Wilkes-Barre, even showing an increase in homes sold and average sale price last year amid the gloom and doom reporting nationwide.

 This week, I found great pleasure in the following story that was first page on one of the local papers, the Citizen's Voice, Stability keeps NEPA housing market afloat. All that I've said about our market is there. We still have areas showing great growth and other areas with even greater potential, with an overall stable real estate market. It's been said over and over again that it's a great time for buyers to buy due to the low, low interest rates. It's also a great time for sellers to sell due to the continued demand for houses that are priced right and in good condition. These factors combined could possibly form to be a "perfect storm" for Realtors in the Wilkes-Barre real estate market during 2008.

 Stories like this one, on the front pages of our local media, make what I've been saying for so long that much more credible. It's amazing the power the media has over the minds of people these days. I continue to be amazed by it. Just earlier this week, while I was dropping my vehicle off to be inspected and discussing the fact that I'm a Realtor with the owner of the garage, he commented to me that it must be rough to be a Realtor in today's market. When I told him that we were alive and well, he seemed surprised because of the stories he's heard in the national media. After this story came out, I've heard numerous comments about how strong our real estate market is and can see the pride that people have in their faces and voices over their area being better than the rest of the nation at something.

Ask a Realtor for your market's health reportThe thing that stands out for me more than anything else is the fact that I have been saying this same thing for months. Before I looked up the facts that backed up my statements, I knew this was true. Before I countered the arguments of others about how bad our market was, I knew it was true. How did I know it was true? Because I am a local real estate professional. I am a Realtor. I help people buy and sell real estate for a living. I am out in our market day in and day out. I have my finger on the pulse of our market and, months before the media confirmed what I have said, I was blogging about the health of the Wilkes-Barre real estate market.

So, if you really want to know the truth about your real estate market, I recommend asking a true professional in your market. Ask a Realtor. Don't wait for months for the media to confirm what you can know right now!!!

 

My name is Andrew Trevino. I am a Realtor, working in the Wilkes-Barre, PA area, and I'm affiliated with TradeMark Realtors Group. Thanks for investing your time in reading my blog. If you're interested in contacting me, please visit my website at http://www.wilkesbarrehomesales.com/

                                                       TradeMark Realtors Group Logo


 

10 Comments on Real Estate Market in Wilkes-Barre, PA Area is Alive and Well...according to the media!!

FEB
21
2008
319,990 Points 8 Featured Posts Outside Blog Hit Router
How true! Here in NEPA we didn't see the huge housing bubble (for the most part) so we're not seeing the bust as bad as the rest of the country. For once, it's kind of nice to be insulated from the rest of the world. Schuylkill County is seeing a small dip right now, but not a complete crash. Hang in there!
9:15am • #1
7 Featured Posts

Erica,

Yes, I guess we're seeing the good side to the sheltered market we have in NEPA. I think we'll be seeing a huge boom over the next few years as the other markets are being squeezed. We won't just "hang in there", we'll be riding the wave.

Thanks for the comment.

9:21am • #2
229,417 Points 22 Featured Posts Localism Sponsor Outside Blog
Hi, Andrew - It's nice to see some more positive news about a local real estate market.  I've been reading more and more posts about the positive movement in the market. Good stuff!
11:34pm • #3
FEB
22
2008
7 Featured Posts

Jesse and Kathy,

It is a great thing to see the media actually say good things about real estate these days. It's been a rough ride for a while now.

Thanks for your comment.

4:54pm • #4
FEB
23
2008
Andrew - we need to keep copies of articles like this in a file, and pull them out when out-of-area buyers think they can come in and low-ball our sellers at 50-60% of asking price!
10:46am • #5
7 Featured Posts

Kim,

Do you think that'll stop them? LOL I seriously doubt it. I do keep copies of them though. Thanks for the comment.

12:03pm • #6
256,785 Points 3 Featured Posts Outside Blog
Andrew, We are doing just fine in Lynchburg, but I've had buyers want to offer $20,000 less on a brand new condo because it's a 'buyer's market'. I can show them that existing homes sell on average for between 97-100% of the asking price. Great post.
7:37pm • #7
7 Featured Posts

Debbie,

I know the feeling. "It's a buyer's market" seems to be the catch phrase of our day and it doesn't matter that you show them the facts. The media has fed the frenzy and, as long as they can maintain the appearance of blood in the streets, we'll continue to see this kind of perception. Thanks for the comment.

8:13pm • #8
FEB
27
2008
1 Featured Post

Andrew,

You're dead on.  I think we'll see a migration from the East.  I've got investors from NJ and NY that think this place (NEPA) is a giant flea market of real estate.

10:07am • #9
FEB
29
2008
7 Featured Posts

Kevin,

Who can blame them? Investors like a stable market in which to buy in and NEPA provides that for them. In essence, this market is a big real estate flea market to them. I say, "Bring them on"!!

7:54am • #10

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Andrew Trevino Wilkes-Barre Homes For Sale

Wilkes Barre, PA

More about me…

TradeMark Realtors Group

Address: 303 Wyoming Ave. , Wyoming, PA, 18644

Office Phone: (570) 613-9090

Cell Phone: (570) 991-1073

Email Me

It's all about the Greater Wilkes-Barre Area and fulfilling people's needs to find or sell their home. You'll find helpful hints, good advice and an occasional rant or two. Hey...it's the W-B! Check out my website at www.wilkesbarrehomesales.com



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