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Are We Returning to Normal Business?

By
Real Estate Broker/Owner with MoonDancer Realty, Dillsboro,NC NC# 218097
 
Maybe it's because the weather is a little warmer and the greenery is returning to the trees and bushes or maybe it's because the real estate business is picking up in a serious way but it sure feels like "things" are getting back to normal.
 
Waynesville Motel Bird copyright 2011 Mona Gersky
 
We have seen a serious uptick in the numbers of houses and vacant land properties going under contract and actually making it to the closing table.  Sellers are taking pricing and staging much more seriously and the buyers are coming in prepared to make a decision.  That may be the very best part, buyers no longer seem paralyzed by the amount of inventory on the market.
 
Thank  goodness, that was exhausting for them and for us ;-D
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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes it is important to get things back to normal.  Have a great week.

Mar 17, 2013 02:30 PM
James Daniel Jr.
Keller Williams Realty-City View - San Antonio, TX
Before You Buy or Sell Talk To James 210-560-3755

That's great news for your market.  We're starting to see the same thing here in Phoenix.  2013 is turning into a great year.

Mar 17, 2013 02:31 PM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

I think Mona in many areas of the country it is a seller's market so inventory is low so buyers can't wait and they make decisons.

Mar 17, 2013 02:36 PM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

We are seeing a definite Seller's market in San Jose, Saratoga, Palo Alto and Cupertino, Calif.

Mar 17, 2013 02:41 PM
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Tim, you also.  "normal" helps us plan better and breathe easier.

James, I've heard that the Phoenix market is on the mend.

Gary, I'm just hoping we have a balanced market for a while and not go sliding into a seller's market too quickly.

Mar 17, 2013 02:42 PM
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Michelle, I hope the whole country is experiencing that new balance.

Mar 17, 2013 03:00 PM
Dee Toohey
Innovative Realty Solutions Group - Longwood, FL
Broker, ABR, AHWD, CIPS, FMS, ePro

We are dealing with a 180 degree turn around.  We have very low inventory, prices are rising, and short sales are still a challenge.  A few years ago, if you put in an offer for the buyer, you'd hope it would appraise after approval.  Now, approvals are coming with a higher price and you hope the buyer is willing to pay it.  Many buyers are at the high end of their buying power and can't meet the rising costs. 

There's always a current market.  Those that adjust do fine in any market.

Mar 17, 2013 07:29 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Down here we are seeing multiple offers and bidding wars once again. It is a shock of buyer's, they are so used to controlling the market.

Mar 17, 2013 08:19 PM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Mona,  no paralysis here in Southwest Florida either! Things are quickly progressing! Enjoy your day!

Mar 17, 2013 09:37 PM
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Dee, I don't know what area you are in but that sounds like good news.

Barbara-Jo and Wayne, good news in FL means good news in NC for second homes.  We are the Floridians favorite play area.

Mar 17, 2013 10:31 PM
Than Maynard
Coldwell Banker Heart of Oklahoma - Purcell, OK
Broker - Licensed to List & Sell - 405-990-8862

Not sure how long it will be normal. There is still a lot of shadow inventory out there, at least in my market.

Mar 17, 2013 11:01 PM
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Than, all markets are different for sure.  Time for all of that stuff to come out of the shadows. Stand up and be counted and then get sold.

Mar 17, 2013 11:31 PM