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November is really 2007.

By Michael DeMello

Real Estate Agent with Prudential Locations LLC

October 31, 2006 08:10 PM

Wow it's already November. Seems like this year just flew on by in a flash. The real estate year is pretty much over and most new escrows opened after the mid of this month wont be a paycheck till 2007.

Not sure about you but 2006 was very different. Buyers and Sellers have changed with the market. The interest rates are still great but prices in many different areas are mostly doing the same thing either leveling or even seeing a downward trend. What does 2007 have in stored for us? Only time will tell.

I would love to hear what your thoughts might be and what's expected in your area.

PS. Happy November!

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Kengo Ueno

Prudential Locations LLC - Honolulu, HI

(R)

I feel the same way about 2006. Especially since mid-2006. I have a lot of Buyers now which I feel is good in a market that's favoring them but I am now showing more properties to the same client and taking a lot longer putting them into escrow. I wonder if it's my closing skills. That's something I have to really look into. Real estate will always be here but like Angela just said, only the strong and smart ones will survive. - Aloha

Nov 01, 2006 09:22 AM

Bill Sauneuf

John L. Scott Real Estate / Yelm - Mount Vernon, WA

I still want at least 2 more closings in 2006, but yeah I agree we're really working for 2007 money now...

I've had a good 2006... I expect that the market will slow in 2007, but that good agents will do well... The challenge I see is that there are going to be a lot of desperate newer weaker agents trying all kinds of things...

What do you think?

Nov 04, 2006 08:45 PM

Karen Willliamson

Maui Earth Realty LLC - Kihei, HI

Wailea Hawaii real estate

It seems like most of my buyers are bottom fishing, if it isn't the best priced in the subdivision or complex, they're not buying. Like Kengo said, sometimes I think I need to work on my closing skills. Aloha

Nov 05, 2006 09:20 PM

Michael DeMello

Prudential Locations LLC - Honolulu, HI

CRS, ABR, CDPE, e-Certified

Karen, yes I agree 100% I'm starting to pay more attention in making that close. Before you didn't need to, the market closed itself. Great point!

Nov 09, 2006 07:55 AM

Judy Kumano

Prudential Locations LLc - Honolulu, HI

No it's almost halfway done Mike! That's ok, off to vacation! Hehe!

Nov 09, 2006 10:20 AM

Nana Thain (R)

Locations, LLC. - Honolulu, HI

I know Mike. Where does the time go. With our busy lifestyle I guess time just passes us by. "Stop and smell the roses" is a good quote right about now. Judy, where's vacation. Take me too!!!

Nov 10, 2006 03:26 PM

Judy Kumano

Prudential Locations LLc - Honolulu, HI

I'm leaving tonight to napa Valley! Yessss!

Thanks for watching my files Mike!

Nov 17, 2006 10:05 AM