Real Estate Market in Gainesville Florida - The Summer Season!

By
Real Estate Agent with RE/MAX Professionals BK659643

As a workaholic Realtor in Gainesville Florida since 1999, I am still learning every day.  But I have found a great way to relay my opinion of our current real estate market in Gainesville.  If people ask me how things are with real estate, I love to share my opinion.

It is a Price War and a Beauty Pageant all blended together.

We are all familiar with the term price war.Price War

 

And we all know what a beauty pageant is too.Beauty Pageant

So just imagine the two terms placed into our Multiple Listing Service in Gainesville

The Buyers want to find the nicest home for the lowest price.

So, when I do a thorough market analysis for a potential listing client, I want to make sure that I explain that previous "closed sales" do not determine my suggested "list price" on their home.   We can't trust the comps on the closed sales, because they may be old.  Our market changes daily.  Closed sales from 6 months ago is not going to dictate what sells today.

A stardard CMA (Comparative Market Analysis) is based on closed sales, but as Realtors - we need to stay "AHEAD" of our market!  Don't be buried in the slow market.  And don't play CATCH UP!    Keep your finger on the pulse of the current market.  

  • Watch the MLS ! 
  • Pay attention to what goes under contract each day!
  • Watch the Price changes in your MLS each Day!
  • Watch the MLS for New Listings in your Neighborhood!

I discuss my marketing analysis with all my clients, and make sure they understand and know their current competition!   If your CMA dictates a certain price per square foot - yet the current active listings are on the market at a lower price per square foot, then you have to position your clients' home at the right price.  Your clients need to know who their competition is, and buyers are looking at those other homes too.   How does their home compare to the others on the market?

Curb appeal is very important!   We want the WOW FACTOR when they pull in the drive way, and when they come through the front door!

          Stay ahead of your Market and Remember......

                                        It's a Price War.....  AND ......  A Beauty Pageant.

 

****  Written and Posted By: Chris Bohn, GRI- ABR-ePro- Your Realtor in Gainesville, Florida.  Let’s find you a new home in 2009 ! Gainesville is a Great Place to Live!   Copyright © 2009 Chris Bohn, RE/MAX Professionals, Inc.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Florida Alachua County Gainesville
Groups:
Realtors®
All Things Florida
RE/MAX Active Rain Bloggers
Dedicated Bloggers
Tags:
pricing your home
gainesville fl real estate
gainesville real estate market
real estate market in gainesville

Spam prevention
Show All Comments
Ambassador
1,883,818
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

You are right Chris that sometimes with comparables a 3 months back window into prices is more accurate. Good luck in the summer season.

Jun 06, 2009 04:14 AM #1
Rainer
60,099
Norma Brandsberg
Marks Realty Co. Inc., Lynchburg, VA, 540-586-9496 - Forest, VA

I am using prices of properties currently on the market as a starting place. The old comps are not working anymore, just the opposite of what was happening several years ago.

Jun 06, 2009 04:36 AM #2
Rainer
147,242
Coleen DeGroff
eXp Realty - Gainesville, FL
Haile Plantation Real Estate - Gainesville FL

When compiling CMAs for sellers I use solds from 3 months back....no farther.  Unfortunately, too many properties listed as "Active" in the system still seem to be suffering from delusional pricing....which is why they are not "pending" or "sold". 

Jun 06, 2009 10:29 AM #3
Rainmaker
726,402
Christine Bohn
RE/MAX Professionals - Gainesville, FL
The Bohn Team, Gainesville FL

Gary - I hope you are having a good summer too!

Norma - See there, great minds thing alike!

Coleen - I like your term "delusional pricing", I will remember that!

Jun 06, 2009 12:36 PM #4
Rainer
22,532
Kathleen Seide
Seide Realty - Gainesville, FL

Hello Chris,  You are so correct about staying ahead of the market.  Looking at past sales is only part of the picture - including present competition also is a great way to educate our sellers.

Your post caught my eye because I did a 'beauty contest' post a while back.  There was an article about words that help sell properites you might find helpful: http://www.we-promise.com/blog/?p=320

Jun 28, 2009 04:21 AM #5
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
726,402

Christine Bohn

The Bohn Team, Gainesville FL
Ask About Gainesville Real Estate
*
*
*
*
Spam prevention

Additional Information