Thinventory OR ? Real Estate Market Predictions for Southeastern WI

Reblogger Praful Thakkar
Real Estate Agent with LAER Realty Partners

I love the invention of word 'Thinventory'!

Thanks to Sally K. & David L. Hanson.

Here is the re-post of this month's contest entry.

Thinventory OR ?

Real Estate Market Predictions

for Southeastern WI

Original content by Sally K. & David L. Hanson 57026-90 Broker

   Thinventory is the term we have coined for a markets with very little inventory.  We have had this graphic created to illustrate this condition.Thinventory  The condition frustrates both listing agents and buyers agents with not many homes to list....and buyers left with few or no choices to upsize, downsize or relocate.  Some "Wanna Be" Sellers cannot be...they have nowhere to go....and for the first time in our memory...that includes Condos that are also scarce...unable to downsize and empty the nest with no where to fly to in thinventory conditions. 

 binoculars   Buyers....whether they are first timers or looking to upsize...are  also experiencing the little or no choices in this condition of the market.

    Members of Active Rain have been asked to gaze into their crystal balls and forecast the 2017 conditions by our wise member from the east coast, Praful Thakkar .  For those member who "get it right" they can consider an alternate or additional career in weather forecasting or psychic readings as a niche to grofortune tellerw their business in the new year. Our market predictions are varied. Currently we see the "luxury entry " thru the "established luxury" continuing to be soft with the most updated and upgraded homes being the ones in this category to garner offers.  It is no longer "enough" to be on the golf course, have lake frontage or access....be in the sought after subdivision...all things bells and whistles must be included to be rewarded with an offer. For some...this can be an upside situation in  a market that no one ever thought would be in that condition. Holding on to the "have to have" price isn't going to produce an offer. 

     We believe we will see a little bit of an uptick in inventory now that the holidays are concluded. Sellers who wisely got their homes ready to sell...not just mechanically but also in terms of updating, will see willing buyers and few days on the market. 

   We believe that spring will not be the avalanche of homes hitting the market that we have usually seen in years past...but despite what we preach about less inventory, better prices....there will be those people who wait for warmer temperatures to warm the market with their for sale signs.  Our advice is to call your Realtor of choice or house for saleinterview one now and find out what steps you can take to get your house ready for the market...the interior things that can make all the difference in the appeal of a home to eager buyers. Thinventory will ease slightly.

   Summer will be the healthiest season we can predict at this time with homes selling quickly and Sellers recognizing the opportunity to jump in and get their share of the Buyers that are eager to purchase homes. 

   Our psychic powers at this point in time are clouded well into third and forth quarter and that will have to be another post as the calendar pages roll by and the market decides how it will behave.

    Our advice is if you are thinking of selling...find out what improvements make the most sense for you ....in southeastern Wisconsin...we can assist you with a variety of ideas, suggest contractors and help you put your best house forward to realize the most from your real estate investment. 

   For Buyers....know that having a Buyers agentSearch who is ever watchful of the inventory, is in touch with opportunities for delayed listings not yet on the market and has given you an up to the second search link...like the one you find by clicking here is valuable in your home search.

   Selling...updating...Buying...the Hansons are here for you in all things real estate in Southeastern Wisconsin...we are honored to be of service.
 

 

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Rainmaker
3,328,050
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Glad you like our "thinventory" Praful Thakkar , it sounds like a fitting word for so many parts of the cou=ntry today.  Thank you for your re-blog.

Jan 28, 2017 03:18 AM #1
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I love their predictions and like you, 'thinventory' seems to be the new term for the past year!  We've been experiencing it for nearly 2 years now and can't wait for some leveling out of our market here in Charlotte!  

Have a great weekend, Praful!

Jan 28, 2017 07:25 AM #2
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Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Praful Thakkar Thank you for taking the time to share this information.  This is exactly what buyers and sellers need to make informed market decisions!

Jan 28, 2017 12:59 PM #3
Rainmaker
1,335,535
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Praful, I can tell you that we are experiencing a "thinventory"...oh, and my crystal ball broke a few years back...well, actually it never really worked!!

Jan 28, 2017 04:16 PM #4
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post and your comments.

Feb 01, 2017 10:58 PM #5
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Somehow I have fallen in love with this word - Thinventory! So specific to our field.

Feb 01, 2017 10:58 PM #6
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post and your comments, Sally, David.

Feb 01, 2017 10:59 PM #7
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Great original post - specially it was even more lovable to me as it was a part of my contest.

Feb 01, 2017 10:59 PM #8
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

And yes, Thinventory is a very fitting word for our industry at this time.

Feb 01, 2017 10:59 PM #9
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post and your comments, Debe.

Feb 01, 2017 11:00 PM #10
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

This seems to be the case for most of the areas in the US, Debe - Thinventory.

Feb 01, 2017 11:00 PM #11
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Not sure though if it is only past two years. We have seen this since early 2013 - so this is 5th year of Thinventory, Debe.

Feb 01, 2017 11:01 PM #12
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post and your comments, Jim C.

Feb 01, 2017 11:01 PM #13
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Exactly, Jim. This is what all buyers and sellers need to learn from their expert local agents.

Feb 01, 2017 11:02 PM #14
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by at this post and your comments, Nick T.

Feb 01, 2017 11:02 PM #15
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Well, I can say, no crystal ball predicted that market will bounce like what it is now, Nick.

Feb 01, 2017 11:03 PM #16
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Once again, thanks all for stopping by at this post and your comments.

Feb 01, 2017 11:03 PM #17
Rainmaker
3,328,050
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Thank you very kindly for the Reblog Praful Thakkar  !

Feb 02, 2017 05:45 PM #18
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