WHY WE THINK THE MARKET IS LEVELING OFF!
First and foremost we want to wish you and your family a Merry Christmas and a Happy New Year! This is always a special time of the year because we always have the opportunity to reflect on the entire year and make goals and plans for the year to come!
We want to be there for you, your friends and family in 2018 in any way we can. WE CARE for you and our goal for 2018 is to be of service to everyone we come in contact with. We see a positive year ahead. The market is still very strong but we are definitely hitting a peak. Remember, just because we are hitting a peak doesn’t mean we will see a sharp decline. We very well can maintain the peak through 208.
How do we know we hit the peak you say? Well this is the first (Almost complete year because only Nov numbers are in) where there is a small difference in homes values between the start of the year compared to the end of the year. January 2017 had an average sales price of $598,023 and we closed out November at $601,140. In all prior 3 years we were any where from $40,000 to $60, 000 higher from the start of the year to the end. This in our opinion is a huge indication that we are hitting a peak. This is the first year in a long time where home values only went up about $3,000. As we stated above. Just because we hit a peak doesn’t mean that home values will dramatically decline. We could very well be in the market of higher home values for the next year or 2.
If you’re a seller this is a great time to make a move. You can get more money for your home now then then in the future possibly. If rates stay low the way they are, buyers will still be able to qualify for the higher prices so as long as they stay low, it will be difficult for home values to decline.
WHY WE THINK THE MARKET IS LEVELING OFF!
First and foremost we want to wish you and your family a Merry Christmas and a Happy New Year! This is always a special time of the year because we always have the opportunity to reflect on the entire year and make goals and plans for the year to come!
We want to be there for you, your friends and family in 2018 in any way we can. WE CARE for you and our goal for 2018 is to be of service to everyone we come in contact with. We see a positive year ahead. The market is still very strong but we are definitely hitting a peak. Remember, just because we are hitting a peak doesn’t mean we will see a sharp decline. We very well can maintain the peak through 208.
How do we know we hit the peak you say? Well this is the first (Almost complete year because only Nov numbers are in) where there is a small difference in homes values between the start of the year compared to the end of the year. January 2017 had an average sales price of $598,023 and we closed out November at $601,140. In all prior 3 years we were any where from $40,000 to $60, 000 higher from the start of the year to the end. This in our opinion is a huge indication that we are hitting a peak. This is the first year in a long time where home values only went up about $3,000. As we stated above. Just because we hit a peak doesn’t mean that home values will dramatically decline. We could very well be in the market of higher home values for the next year or 2.
If you’re a seller this is a great time to make a move. You can get more money for your home now then then in the future possibly. If rates stay low the way they are, buyers will still be able to qualify for the higher prices so as long as they stay low, it will be difficult for home values to decline.
