The Monroe NY Real Estate Market is "Hot!"

By
Real Estate Broker/Owner with 406-270-3667, kat@thehousekat.com, Broker/REALTOR® RRE-BRO-LIC-75443

Real estate markets can change often, from a buyer's market to seller's, and from cool to hot. Right now the Monroe NY area is experiencing a "Hot" seller's market. Here are a few reasons I say that.

 

A few weeks ago, I put a Monroe-Woodbury school district home on the market. It was a small ranch home that was in need of cosmetic updates and was being sold "as is." That being said, the property was amazing - two acres of forest, surrounded by more acreage that has been designated as a natural preserve. The home had a building-length deck in back, where homeowners can sit and enjoy the woods. On almost every visit to the home so far, I have seen deer, listened to birds, and watched squirrels cavort. This would be a great home for anyone who desires privacy and a nearness to nature.

 

So the house went on the market around 3pm on a Thursday. My goal was to write a great blog about the home the next morning, and perhaps do an open house the following weekend if needed. I never wrote the blog, or did an open house.

 

By noon the following day, there was an accepted offer. And within the next few days, there were strong backup offers. And that's the first reason I say the market is hot.

 

The next reason is that I am working with several buyers for various types of properties. The buyers are pre-approved and have their list of needs and wants in place. So off I go to schedule appointments for the homes they are excited to see. In my area, houses stay in our real estate system as "Active" and available for sale until a contract is signed. The contract signing process can take weeks, so listing agents are supposed to put a note in the "Agent" section of the listing that states the home has an accepted offer.

 

Well, quite often over the last few weeks, I've taken that list of homes my buyers want to see, and I've started to schedule showings. Except I am finding that MANY of the potential homes already have accepted offers, backup offers and are no longer allowing showings. Yikes! I've taken to hunting through the expired listings and for-sale-by-owner listings to see if there is anything that we might be able to see that isn't actually on the market.

 

Now THAT is a "hot" market.

 

So my plea to home owners in Monroe NY or surrounding areas who have been contemplating putting your house on the market. Call me at 914-419-0270! Now is truly a perfect time to get your home sold. Buyers need inventory!

 

For more Monroe NY real estate market information, click here.

 

 

Originally published at thehousekat.com.

Comments (15)

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

  It's hard to find homes to show...it sure requires being at the top of your game during this period of "thinventory" !

Apr 17, 2018 04:42 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Kat Palmiotti ,

With inventory being low homes are going under contract quickly..its tough for buyer agents trying to find homes for their buyers!

Apr 17, 2018 04:51 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Kat Palmiotti those in Monroe NY would be wise to call you, Kat, for guidance.... you have what it takes to move property quickly....

Apr 17, 2018 04:54 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Kat... we all seem to be suffering these days from the disease of thinventory!

Apr 17, 2018 05:00 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Kat.  Sounds like you have a full plate on your table with this very active real estate market.

Apr 17, 2018 05:33 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Sally/David - Thinventory for sure! Have a great day!

Dorie - It is tough to find something appropriate!

Barbara - Thank you so much for your comment! :-)

Nina - It's a disease with a cure though - more homes!

Gabe - Busy is good.

Apr 17, 2018 05:52 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

A hot real estate market can be an asset to any community Kat Palmiotti 

Apr 17, 2018 09:04 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Kat Palmiotti - I honestly thought that our market would never get to this same stage as you have described.  Sedona is a 2nd home market.  But we have been there since mid 2017. Your hot market has it's own challenges that I know you will navigate very well. 

Apr 17, 2018 10:32 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Paul - That's true. It says, "Come here!!!"

Sheri - Thank you! And good luck with yours as well!

 

Apr 17, 2018 01:00 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat Palmiotti - This is a really "feel good," blog post! Your market is hot and you're on fire in a very good way! It looks like you're inching your way closer to Montana! 

Your description of the "as is" property was exceptional! Wishing you and the all parties involved complete success! 

Apr 17, 2018 04:55 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat, I remember many years ago when agents used to say that they had a buyer..trying to get a listing.... now for real Realtors have a dozen buyers but not enough listings, Endre

Apr 17, 2018 11:06 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Patricia - We'll be there for a vacation this summer! Thank you for your good wishes!

Endre - Yes, it's true! There really are buyers who are struggling to find something they can purchase. 

Apr 18, 2018 02:49 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

You have solid definitive reasons to proclaim the market HOT!  Congratulations on such a quick contract.

Apr 20, 2018 04:37 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Judi - Thank you! This market is definitely frustrating for buyers.

Apr 21, 2018 03:57 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi there, Kat. It's tough for us too. We can't find the right houses for our buyers right now - we need more inventory too. 

Apr 21, 2018 07:49 AM