2012 is bringing about a HUGE market change, and we don’t want you to miss out on the opportunity at hand. When looking at what the market is doing every two weeks this year, we are seeing an average of 170 new listings entering the market with 70% being under $300,000 and 30% of them going under contract within 15 days or less.
I check the new market activity daily and we are consistently seeing more homes going under contract and closing than new listings coming on.
There is more demand than supply.
This is causing the days on market to decrease, and prices to rise.
If you are considering selling and have some equity in your home NOW is the time. Inventory is lower than it has been in five years, homes are selling in 2-4 weeks, and for 98% of list price. As your professional real estate market information provider I don’t want you to miss out! Please call me today to see if you should put your home on the market. It’s free information, and there is a good chance I may already have a buyer in my pocket.
By the Numbers
*When looking at 1st Quarter 2011 as compared to 1st Quarter 2012 in Area 9 (Fort Collins, Bellvue, Laporte, Livermore, Red Feather Lakes, and Wellington) we see an increase in average sales price from $225,000 last year to $238,000 at the end of Q1 of 2012.
**Furthermore, we see 1% increase in total units sold from Q1-2011 to Q1-2012. Historically this time of year is the slowest time of the year for real estate sales due to weather and the holidays. This is simply not true this year.