What do Homes and Hot Peppers have in common?

By
Real Estate Agent with eXp Realty
https://activerain.com/droplet/SpD

What do Homes and Hot Peppers have in common?

 

What do Homes and Hot Peppers have in common?

The popularity of hot foods such as, Hot Peppersshows great consumer demand for Hot Peppers and many that are aesthetically pleasing are willing to demand higher market prices.

 

Like the ever popular Hot Pepper, homes in South Florida and many cities nationwide are seeing an increase in consumer demand for homes. Many are seeing homes that are so hot that multiple offers are being placed by Buyers who desperately want to purchase a home.  Many Buyers have been going round and round trying to purchase a home and by the time they’re on their 2nd or 3rd time, they’re ready to increase their offering price coming in at the Seller’s list price or even above.

 

Here in my community of Coral Springs Florida we’re seeing absorption rates of between 2%-3%; meaning that the currently inventory supply will only last 2 to 3 months. That’s a fast moving South Florida Real Estate Market: that’s a hot, hot pepper, South Florida Real Estate Market!

 

Back to peppers; did you know that the colored bell peppers, compared to green bell peppers, are often more difficult and expensive to produce because a longer time to maturity is required. This timeline/scenario can apply to price points of homes also.  Whereas, homes priced under $500,000 (the green peppers of homes) tend to sell quicker than the luxury market (colored bell peppers) above $500,000 to $1million and above, as I guess you could say they take longer to mature or in the Real Estate Market, they take longer to find a Buyer at that higher price point. Keep this in mind when you’ve got a Hot Pepper home to sell in South Florida.

 

Because we’re talking Hot Peppers, I’ll leave you with a great Hot Pepper sauce recipe in honor of National Sauce Month this month of March. Enjoy.



Posted by

Subscribe to My Blog

The more you know,  the better prepared, the better the outcome.

Whether you're Selling your home in Coral Springs or Buying your home in Coral Springs or other Southeast Florida cities from Boca Raton south to Miramar, I promise to be on your side working hard for you as your Coral Springs Realtor and South Florida Realor. Helping homeowners with Coral Springs Real Estate and the Real Estate in surrounding cities such as Coral Springs, Coconut Creek, Parkland, Plantation, Pembroke Pines, Margate, Miramar, Tamarac and Sunrise in Broward county to the cities of Boca Raton, Delray Beach and Boynton Beach in Palm Beach county. 

 As your dedicated Coral Springs Realtor, Short Sale Specialist, Keller Williams South Florida Real Estate Agent, Coral Springs Short Sale Realtor, South Florida Short Sale Realtor and CDPE Certified Distressed Property Expert, I'm ready to work hard for you.

 Real Estate Promises Delivered

I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!

Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor and Coral Springs Short Sale Realtor 

 

Copyright protected. Do Not Copy

  

+LynnPineda

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Groups:
Keller Williams 'Rainers
The Lounge at Active Rain
"Whacked"!!!
Bartender, Make it a Double
Tags:
selling your home
homes and hot peppers

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,181,000
David Spencer
Keller Williams Northland - Kansas City, MO
Show Me real estate in Kansas City

Lynn,

 

Its always fun to sell the $1 million plus homes, but you make more income off of the under $400,000 because you can sell 6 of them before one at a million plus with less expenses.

Mar 20, 2013 06:42 AM #1
Rainer
76,893
Rob Lyszczarz
RE/MAX Properties Unlimited - Westfield, NJ

Lynn,  Very good analogy.  It's not the sale price, but net income that counts.

Mar 20, 2013 07:29 AM #2
Rainmaker
843,616
Linda Blumenthal
Hampton Crossing - Licensed Real Estate Salesperson - 631-466-4087 - Westhampton Beach, NY
NYS Licenced Real Estate Salesperson, CBR

Hi Lynne.  I love your "hot pepper" analogy.  I'm going to have to remember that one. 

Mar 20, 2013 07:32 AM #3
Rainmaker
131,486
Shelley Rowton
Move To Realty - Austin, TX
ABR, RSPS - (512) 507-5779 MoveToRealty of Austin

Reminds me of a wagon I missed out on at a garage sale the other day.  I went to my car, wondering if I should go back to get it, while someone else snatched up my hot pepper! She hadn't even known it was there until I yelled "Hot Pepper!" by asking how much it was. :-)

Mar 20, 2013 10:25 AM #4
Rainmaker
364,889
Lynn Pineda
eXp Realty - Boca Raton, FL
Real Estate Promises delivered in SE Florida

David, oh yes, it's always an added plus selling the $1million dollar home!

Rob, good point as what Sellers get to put in the pocket is what matters.

Linda, thanks. I was trying to be creative!

Shelley, love it!  Great story.

 

 

Mar 20, 2013 10:45 AM #5
Ambassador
1,945,551
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Well you were very creative with this analogy and thank you for the hot pepper sauce recipe .I do love to cook

HelpfulHannah

Mar 21, 2013 08:07 AM #6
Rainmaker
364,889
Lynn Pineda
eXp Realty - Boca Raton, FL
Real Estate Promises delivered in SE Florida

Thanks Hannah! Glad you enjoyed the recipe - it sounded good to me too!

Mar 21, 2013 10:06 AM #7
Ambassador
1,471,450
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

That's a great analogy, Lynn. All the markets seem to be hot right now. We may run out of peppers soon.

Apr 04, 2013 01:21 AM #8
Rainmaker
364,889
Lynn Pineda
eXp Realty - Boca Raton, FL
Real Estate Promises delivered in SE Florida

Thanks Toni. Yes, we've got Hot Peppers for the time being and Buyers are running to get them.

Apr 04, 2013 01:34 AM #9
Post a Comment
Spam prevention
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
364,889

Lynn Pineda

Real Estate Promises delivered in SE Florida
What is your Real Estate question?
*
*
*
*
Spam prevention

Additional Information