ct home selling: What Does Recent Price Reductions Mean to the CT Real Estate Market?
- 08/23/18 06:59 AM
Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:
There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in June Since the beginning of the year, the share of listings with a price cut increased 1.2% This is the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year Senior Economist Aaron Terrazas further explained:
“A rising share of on-market listings are seeing price … (0 comments)
|
ct home selling: Have You Outgrown Your Ct Starter Home?
- 08/14/18 06:29 AM
For many CT residents, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment.
It may seem hard to imagine that the first home you purchased (which made your dreams come true) might not be the home that will allow you to achieve the rest of your dreams. The good news is that it’s ok to admit that your home no longer fits your needs!
According to CoreLogic’s latest Home Price Index, prices in the … (1 comments)
|
ct home selling: You Need a Real Estate Professional From Dave Jones Realty
- 07/31/18 06:48 AM
Whether you are a rookie homebuyer in CT or have gone through the process many times, having a local real estate expert from Dave Jones Realty who is well versed in the neighborhood you are looking to move to, as well as the trends of that area, should be your goal while home shopping.
The Real Estate professionals at Dave Jones Realty are always looking out for your best interests, which is one of the main characters on ABC’s Modern Family, Phil Dunphy.
For those who aren’t familiar with the character, Phil is a REALTOR® with a huge heart who always strives to do his best … (0 comments)
|
ct home selling: Selling Your CT Home This Year? Here's Two Ways to Get The Best Price
- 07/24/18 07:28 AM
Every CT homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house?
Here are two ways to ensure that you get the highest price possible.
1. Price it a Little Low This may seem counterintuitive, but let’s take a look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation when, in actuality, it just dramatically lessens the demand for their houses (see chart below).
Instead of the seller trying … (0 comments)
|
ct home selling: Want To Sell Your CT House Faster? Don't Forget to Stage
- 07/16/18 07:52 AM
Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room. Contact a Real Estate professional from Dave Jones Realty who can assist … (0 comments)
|
ct home selling: Four Reasons to Sell in CT This Summer
- 06/22/18 06:13 AM
Some Highlights: CT buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! CT housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family to move on and start living the life you desire. Contact a Real Estate professional from Dave Jones Realty who can assist with any of your Real Estate needs!
… (0 comments)
|
ct home selling: How a Lack of Inventory Impacts the CT Housing Market
- 06/18/18 06:33 AM
The housing crisis is finally in the rear-view mirror as the CT real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. CT buyer demand naturally increases during the summer months, but supply is not keeping up.
Here are the thoughts of a few industry experts on the subject: Lawrence Yun, Chief … (0 comments)
|
ct home selling: Days on The Market Drops to New Low in April Days on The Market
- 06/14/18 06:23 AM
According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month.
NAR’s Chief Economist, Lawrence Yun, had this to say,
“What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high.”
… (1 comments)
|
ct home selling: The Difference An Hour Will Make in CT This Spring
- 03/12/18 08:55 AM
Some Highlights: Every hour in the United States: 614 homes are sold, 81 homes regain equity (meaning they are no longer underwater on their mortgage), and the median home price rises $1.51! Contact a Real Estate professional from Dave Jones Realty who can assist with any of your Real Estate needs! … (0 comments)
|
ct home selling: Competition is Coming, Are You Thinking of Selling Your CT Home?
- 03/09/18 08:00 AM
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.4% over last year.
How will this impact CT buyers? More inventory means more options. Lawrence Yun, NAR’s Chief Economist, explained this is good news for the housing market – especially for those looking to buy:
“This rise in single-family housing construction will help tame home price growth, and the increase in multifamily units should continue to help … (1 comments)
|
ct home selling: 4 Reasons to Sell in CT This Spring
- 03/05/18 09:18 AM
Some Highlights: Ct buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! CT housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family to move on and start living the life you desire. Contact a Real Estate professional from Dave Jones Realty who can assist with any of your Real Estate needs!
… (0 comments)
|
ct home selling: Latest NAR Data Shows Now is A Great Time to Sell in CT!
- 02/26/18 10:57 AM
We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house.
Let’s look at the data covered in the latest REALTORS® Confidence Index and Existing Home Sales Report.
REALTORS® CONFIDENCE INDEX Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” This month, the index showed (again) that homebuying demand continued to outpace the supply of homes available in January.
The map below illustrates … (0 comments)
|
ct home selling: 2 Ways to Get the Most Money from The Sale Of Your CT Home
- 02/21/18 09:15 AM
Every CT homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?
Here are two keys to ensure that you get the highest price possible.
1. Price it a LITTLE LOW This may seem counterintuitive, but let’s look at this concept for a moment. Many CT homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).
Instead of the seller trying to … (1 comments)
|
ct home selling: Thinking of Selling Your CT Home? Now is the Perfect Time!
- 01/15/18 07:44 AM
It is common knowledge that a great number of homes in CT sell during the spring-buying season. For that reason, many CT homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.
The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for … (0 comments)
|
ct home selling: The Impact Staging Your Home Has on Sales Price in CT
- 01/15/18 07:39 AM
Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes in CT saw a 1-10% increase in dollar value offers from buyers. 77% of CT buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room. Contact a Real Estate professional from Dave Jones Realty who can assist with any of your Real Estate needs!
… (0 comments)
|
ct home selling: Buying/Selling in CT in 2018? Hire a Professional @ Dave Jones Realty
- 12/29/17 08:44 AM
Some Highlights: As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional from Dave Jones Realty on your team! There are many benefits to using a professional from Dave Jones Realty! We know the CT market very well and can help you achieve your dreams! … (1 comments)
|
ct home selling: Access is an Important Factor in Getting Your CT Home SOLD
- 11/24/17 06:39 AM
So, you’ve decided to sell your CT house. You’ve hired a real estate professional from Dave Jones Realty to help you with the entire process, and we have asked you what level of access you want to provide to potential buyers.
There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide so that we can show your home.
Here are five levels of access that you can give to CT buyers, along with a brief description: Lockbox on the … (0 comments)
|
ct home selling: CT Homeowners: Your Home Has to Be Sold TWICE
- 11/24/17 06:31 AM
In today’s CT housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.
If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank.
Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what a CT homeowner who is seeking to refinance … (1 comments)
|
ct home selling: 7 Reasons to List Your CT Home This Holiday Season
- 11/17/17 06:21 AM
Every year at this time, many CT homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
Here are seven great reasons not to wait: Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible. Purchasers who are looking for CT homes during the holidays are serious buyers and are ready to buy now. You can restrict the showings … (0 comments)
|
ct home selling: 5 Reasons to Sell in CT This Fall
- 09/22/17 10:46 AM
Here are five reasons listing your CT home for sale this fall makes sense.
1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand in CT remains very strong. These buyers are ready, willing, and able to purchase… and are in the CT market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now CT housing inventory is still under the 6-month supply that is needed for a normal housing market.
This means that there are … (3 comments)
|
Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:
;)
;)
;)
