Janet Naisbitt-Bagley

ERA Realty Center, Cedar City, Utah

Time to Enjoy Your February 2017 Naisbitt- Bagley Team Newsletter

Time to enjoy Your February 2017 Naisbitt-Bagley Team Real Estate Newsletter Update!

 

Our hearts are warm this month of valentines in spite of the snow and ice.  Our beautiful Cedar City area is friendly, cozy, and wonderful no matter what the temperature.  This is the weather for serious real estate shopping, so don’t think your buyers are staying home!  Buyers need a place to live every season of the year.

Everywhere we go; people ask real estate questions.  Following are the answers to a few of them:

 

*What is our local real estate market doing?  It is steady, doing well, and slowly moving upward!  According to the Utah Association of REALTORS (UAR) Market Updates by County, Iron County closed sales were up the end of 2016 by 0.2% year to date (YTD) as compared to 2015.  If you just look at the month of December, then 2016 was less than in 2015 however.  The median sales price was up YTD by 10.7% to $166,000.  These December statistics are the latest available since it takes the UAR approximately 2 months to gather data for the report.  For more details and for information on every county in Utah, see attached report.

 

*How is our local economy?  I will quote from an article in the February 22, 2017 issue of Iron County Today in order to answer, “Many leaders shared enthusiasm about the economic growth in Cedar City among new and existing business.  Those thoughts were shared at a Chamber of Commerce Economic Development Breakfast last week.”  Matt from your Naisbitt-Bagley Team attended the meeting and was very pleased with what is happening in Cedar City.  Several companies are succeeding and expanding and quite a number of employees are being hired.  New company openings and growth in tourism were discussed. Of course, it is very exciting that there will be an open house for the public in the LDS Temple in October and it will be dedicated Dec. 10.  Our Mayor Maile Wilson said, “There are a lot of really new and diverse jobs,” and “If you grew up here you can stay here . . . ”  That is great news to me because when I moved here in 1983 and became a REALTOR in 1984, many of the clients I worked with were very sad that their children had to move elsewhere to find employment.  That was the case for years.  Chris McCormick, president of the Chamber of Commerce, said that success is happening in Cedar City!  I truly believe this is true.

 

Looking back to the Spectrum & Daily News January 22, 2017, there is a statement by Danny Stewart that I believe is worth mentioning.  He is the Cedar City Director of Economic Development and he said, “Cedar City is getting a lot more interest and I think a lot of it is due to the quality of the workforce in Iron County.”  Stewart said that the list of companies looking to relocate or expand has kept him busy recently.  This is all good news for Cedar City!  We have absolutely wonderful and friendly people and an awesome place to live.  What a great place to attract new business!

 

*What can be expected on the National level? The 2017 Jan + Feb Residential Specialist Magazine article titled, “Look Ahead,” states the following, “Existing home sales will continue to climb, . . . ” “Mortgage rates will increase … at least a little.” “Home values will grow.” “Some markets may see price corrections.” “The homeownership rate will stabilize at 63.5 percent.” “However, inventory woes aren’t likely to change.”

Even though it is true that our local inventory is also low, all things considered, it sounds like we are looking forward to an awesome real estate market for both buyers and sellers in 2017!

 

It will be interesting to see if the following statement reported in the January 2017 MReport comes to pass and I quote from the article by Brian Montgomery, “With a trailblazing real estate mogul entering the Oval Office on January 20, 2017, a sharper focus on the U. S. housing delivery system is possible, if not likely.”  We shall see what happens.  What do you think?

 

*How do we mark our real estate sold?  Technology is advancing, and your Naisbitt-Bagley Team and ERA Realty Center are staying ahead of the game.  Aggressive global marketing both online and in print are of utmost importance, and I don’t know of anyone that markets more than we do!  Our marketing is tops!  Experience and knowledge are a must in our real estate world, and your Naisbitt-Bagley team has over 50 years combined experience.  Our combined knowledge is in the top 3% in the nation including valuable national designations such as ABR, CRS, GRI and more.  Our expertise and top service benefit both sellers and buyers on all levels of the transaction from advertising all over the world to negotiating, following up, and closing your sale.

 

It is extremely important to price real estate with the market.  A huge percentage of buyers shop square footage and price online to decide which homes they want to see before they call us with a list of what they want to tour.  It is most unlikely that they will even look at a home that is overpriced.  Your Naisbitt-Bagley Team is happy to provide you with comparable sold properties and active listing competition in case a market reduction in price is needed.  Please call today if you would appreciate that service.

 

Keeping the home and yard in picture-perfect condition is a must since your videos and slide shows show up in our ads all over the country and world.  Having the home in good repair will attract a better offer and help keep the sale together when the buyer’s inspector finds nothing that needs to be done!  Please call us for suggestions in showcasing your real estate.

 

*What is selling in our area?  Single family homes in all price ranges are attracting buyers with more buyers under $200,000.  Lots are selling and there is new construction in the area.  Commercial and development land are slow moving but expected to pick up speed.  We definitely need more multi-units especially duplexes and 4-plexes for our investors.

 

*Now back to the original question–how’s the real estate market?  I would definitely say it is alive, well and moving forward with your Naisbitt-Bagley Team at ERA Realty Center.  For all of your real estate needs, questions and concerns, please contact your Naisbitt-Bagley Team at 435-865-1019 or email bagleyteam@gmail.com today.  Please text and call Matt Bagley, 435-590-8788, Jennifer Corral, 435-559-0366 and Janet Naisbitt-Bagley, 435-559-7772, and we will help you turn your realty dreams into reality!

december-2016-stats

Our First 2017 Naisbitt-Bagley Team Newsletter!

Can it really be this icy cold for our first 2017 Naisbitt-Bagley Team Real Estate Seller Newsletter?  YES!

It certainly is a beautiful winter wonderland here in Cedar City and surrounding areas!  Scrunching snow and crackling ice are two of my favorite things!  If you see me out experiencing the sounds my stepping feet are making, go ahead and laugh.  However, the freezing temperatures may be a little more difficult for me to enjoy!

Real estate is always one of my favorite subjects at any time of year.  I remember in grade school, my art teacher asked my mom why I always had a home and landscaping in each of my pictures!  I grew up with a real estate broker dad who developed subdivisions, drew plans, and  built houses for my friends and neighbors!   He multi-tasked and even sold them their insurance!  Helping clients successfully buy and sell real estate is just “doing what comes naturally” to me!  No wonder I enjoy seeing home-drawn pictures!

It seems whatever setting I find myself, people realize that I know and love real estate.  I am more often than not asked, how is the market?  I never grow tired of answering that it is awesome here in our beautiful Southern Utah!

According to the attached latest Utah Association of REALTORS (UAR) statistics released, now is a steady market with increased closings and prices slowly rising.  Our inventory needs an infusion, so give us a call if now is a good time for you to sell your property; and also, please contact us if you too want to add to your own inventory of real estate investments.

The Iron County Board of REALTORS graphs for 2016 are also attached for your review including all offices.  Once again, ERA Realty Center sold more houses than any other office.  We sold more of our own listings as well as more of other office’s listings.  We want to give a special thank you to all of our clients and customers for giving us the opportunity of helping them make their realty dreams turn into reality in 2016.  Homes remained the big sellers with 1181 sold along with 257 condo/townhouses sold.  Nearly 500 lots, acreage and other land parcels sold.  Nearly 1000 homes sold under $200,000 and 249 sold between $200,000 and $249,999.  362 homes sold above $250,000 including 72 that sold above $400,000.  2017 is on its way to being another great year!

I recently spoke to a delightful woman in the beauty shop who believed it wasn’t even worth trying to sell a home in the $400,000 range here.  The above statistics definitely put that myth to rest.  It is important to price homes with the market no matter what range your home is in, but expect it to sell if it shows well and if the price is right because homes are selling in all ranges.  Please discuss with our team prices of sold homes and homes for sale to determine market price.

One home owner asked if it matters how the home looks.  It surely does!  Buyers search square footage and price and then they tour the homes they choose to determine the best condition.  They love lots of pictures!  Our team is trained to help your home reach the level of showcasing worthy of the many pictures, videos and slide shows we send around the nation and the world to attract your buyer.

What about marketing?  I know of no other agent who markets more aggressively than our Naisbitt-Bagley Team worldwide online and print.  Our commitment to you is to work hard to get your home or property sold quickly at top dollar.  Isn’t that what you want?

What about 2017?  According to some of the business leaders quoted in DSNEWS December 2016, “The tremendous boom the rental market has showcased is anticipated to continue into 2017,” says Bill Green.  Charles Tassell says, “Assumng decent GDP growth, the Fed will increase rates, which will have mixed effects for investors.”  According to Bryan Lysikowski, “As the economy continues to recover and regulations loosen up, so will the ability to obtain a home loan.”  Brian Mingham says, “In 2017 we should see continued price appreciation.  We will continue to see historic low inventory levels of SFR properties.”  Please call our Team if you would like to hear all of the predictions for real estate in 2017.

It will be interesting to see what happens in the world of real estate with Donald Trump as president with his heavy involvement in real estate.

Please contact our Naisbitt-Bagley Team today for your free real estate consultation and for any questions and concerns at 435-865-1019 at ERA Realty Center or email bagleyteam@gmail.com.  We are known as the experienced team who cares about you and who gives top trained service to help you make all of your real estate dreams come true.  You can text or call Matt Bagley at 435-590-8788, Janet Naisbitt-Bagley at 435-559-7772, and Jennifer Corral at 435-559-0366.  The above real estate update was happily provided for you today by Janet.

november-stats

December 2016 Naisbitt-Bagley Team Winter Wonderland Newsletter!

December 2016 Naisbitt-Bagley Team Winter Wonderland Exciting Real Estate Newsletter!

First and most important of all, we wish you a very Merry Christmas!  Happy Holidays!  and the best New Year yet!

Who wants to know about what is going on in the real estate world–just about everyone!  Everywhere we go the questions come quickly!  Answers are:

 

In case you are wondering, the market is steady and moving upward at a healthy pace!  It is awesome!  Utah is actually #5 in the top 10 states that have the lowest foreclosure inventory with only 0.3% according to DS Journal December 2016. Our closed sales are up and so is our median price as you can see in the attached report.  There would be even more sales if the inventory increased.  We do need more homes on the market!  People are employed and our economy is positive.  Also, according to the “Spectrum and Daily News” on December 9, 2016, both Washington County and Iron County have added new people to their fine communities.  Washington County’s population is now 160,359, and Iron County’s is 50,742; both follow the “statewide trend of accelerating growth.” The front page article informs, “The state continues to experience annual population growth that serves as further evidence of relative economic strength of the state” according to director of demographic research director at U of U Pamela Perlich.  It is obvious to me that our real estate market and economy will continue to grow and improve!  2017 looks great!

 

What about local real estate?  According to the Utah Association of REALTORs (UAR) most recent county statistics available, Iron County closed sales are up 0.9% and the median sales price is up 10.3% to $165,000.  Beaver closed sales are up 10.8% and median sales price is up 7.4% to $131,000.  Washington County closed sales are up 7% and median price is up 6.7% to $239,900.  See attached report for more details and for every county. Southern Utah’s upward trend is following the state’s success.

 

Another question we REALTORS get as we join just about any crowd is whether or not winter is a good time to sell?  The answer is a resounding YES!  It is true that there are fewer buyers, but there are also not as many homes on the market which means less competition for homes for sale.  We have noted that people rarely just look this time of year.  If a buyer wants to brave the weather, cold, storm and ice, they seriously want to find a home ASAP!  It is an exciting time of year to acquire real estate as buyers are moving into warm and cozy homes even while the weather outside is frightful!  Our favorite is when our buyers really love their homes, and I believe owning a home when it is freezing outside is especially wonderful.  I was so icy cold when I came home last night that I couldn’t help but be extremely grateful to feel the delightful blast of cozy heated air of my own home!

 

What about the question we often hear, “Is it better to rent or buy?”  According to the article titled, “The Great Housing Debate…,” Trulia recently did a study and found that the “long term financial benefit of purchasing a home significantly outweighs renting.”  According to December DS Journal, “Trulia compared the total monthly costs of owning and renting, including mortgage payments, maintenance, insurance, and taxes.  It also factored in one-time closing costs and payments, sale proceeds, and security deposits.”  I hope this puts the question to rest.  I have always strongly believed that real estate is the best investment there is.  A place to live is a basic need, so it seems it is the most logical investment you can make since real estate goes up over time.  I have certainly been blessed as a result of making real estate my primary investment.  I have purchased rentals and my tenants are so nice to buy the buildings for me!  What could be better?

 

And the big question, “How do we sell our real estate this time of year?”  Answer:  Top advertising is a must, so be assured our Naisbitt-Bagley Team advertises aggressively all over the world to sell your real estate both on line and in print.  That is our job. and I don’t know of anyone that advertises more!  The rest of the answer is the owner’s job and just as important:  Homes must be warm and comfortable, in show condition, and priced correctly!  We would love to help you!

 

Please call our Team at 435-865-1019 at ERA Realty Center or email bagleyteam@gmail.com for your free consultation as to pricing with the market and for hints on staging your property to attract your buyer quickly.

 

For all your real estate questions and concerns, please call our Naisbitt-Bagley Team at ERA Realty Center, 435-865-1019.  You can also text or call Matt Bagley at 435-590-8788, Janet Naisbitt-Bagley at 435-559-7772, and Jennifer Corral at 435-559-0366. We are known as the real estate team that “cares.”  Enjoy your holidays!

 

The Nasbitt-Bagley Team Gratitude Attitude Fall Real Estate Newsletter

The Naisbitt-Bagley Team Gratitude Attitude Fall 2016 Real Estate Newsletter from ERA Realty Center

We have thoroughly enjoyed a beautiful fall, but those freezing temperatures are upon us. We hope owners have winterized vacant properties, sprinkler systems, evaporated coolers and etc. because the weather outside is ice cold!  Brrrr!

We always hear the question, how’s the market?  2016 has been a very successful year for real estate for buyers and sellers, and we expect it to continue through the holidays and into 2017.  The market is steady and slowly moving upward.  The inventory is low and interest rates are down, so home mortgages are often lower than rent. 

 

Showing homes is a delight over the holidays because they are often warm, cozy and decorated with festive trees and ornaments.  The aroma of baked goodies fills the air!  

 

Some sellers erroneously believe there is no chance to sell homes in the winter, but we have found that serious buyers look for homes even when it is icy and snowy outside!  In fact, Looky Lous rarely venture out in the winter!  Many sellers wait until spring to list their homes.  It is true that there are usually more buyers in spring and summer, but there are more houses on the market for sale too!  We recommend selling when you want to sell whatever the season!  There are compensating factors in both. 

 

We have both Utah Association of REALTORS (UAR) county statistics and Iron County Board of REALTORS Multiple Listing Service (MLS) graphs included in this important update:

According to most current UAR report attached, Iron County Median sales price is up 11.7% to $164,500 as compared to $147,500 in 2015.  Beaver County is $128,400 which is up 14.1%.  Washington County is up 6.3% to $239,000.  See attached for more details and for all Utah counties  

 

According to attached MLS graphs for all offices in the Board of REALTORS, ERA Realty Center sold more homes than any other office in 2016 as they have for many years.  We very much appreciate our clients and customers and send heartfelt thanks to all for their business!  We are grateful for loyal clients. 

 

According to the July 1 to October 31, 2016 MLS statistics, 319 homes sold under $199,999 and 223 homes sold above $200,000 up to infinity.  Homes are selling in all ranges when priced at market.  

 

For a free market value overview, please call our Naisbitt-Bagley Team today.  We advertise aggressively in print and all over the globe for buyers and for realtors!  Therefore, it is imperative that the price is right on homes and properties to entice buyers who see our ads to set up a tour and see your home or property! 

 

Current Market Analysis shows that more single family homes have sold than any other type of property during those months. 436 homes sold and there are 530 active home listings.  There are 1413 parcels of land and lots currently on the market, but only 180 sold in this period of time.  91 condos and townhomes sold and there are currently 98 on the market for sale.  Commercial properties are not selling quickly, but we do see some sales.

It is incredibly important to make sure homes and properties are ready to sell in order to attract your offer. An article in the November/December issue of the Residential Specialist magazine, instructs sellers to fix the following: 

 

“Things that are simple and easy to fix, but not too expensive, such as doors not hanging properly, condensation leaks in the furnace, broken cabinets, plumbing leaks, (like a pail under a sink), landscaping, painting, replacing internal and external light fixtures, simple hardware updates Electrical issues Items that are a clear safety risk or environmental issue, such as broken steps, loose or missing handrails or guard rails, buried or abandoned oil tanks”

 

The article continues and suggests that sellers “Take steps to appeal to buyers to get the best price for the home, without overspending on items that might not jibe with a buyer’s personal taste.”

 

We recommend that roofs and flooring are in good repair and that your home is decluttered and shows well enough to be in pictures because it will be–all over the world! Call our Team to answer questions regarding staging your home. 

 

For your free real estate consultation, please call our Naisbitt-Bagley Team today at ERA Realty Center at 435-865-1019 or email bagleyteam@gmail.com regarding staging, market pricing, questions, concerns, problems, and regarding our aggressive global market plan. We would love our expertise and top service to benefit you in helping you make your realty dreams become reality.  You can text or call Matt Bagley at 435-590-8788, Janet Naisbitt-Bagley at 435-559-7772, and Jennifer Corral at 435-559-0366.

uar-sept-2016

Autumn/Halloween Naisbitt- Bagley Team Newsletter

Autumn/Halloween Naisbitt-Bagley Team Newsletter 2016 is Here for You from ERA Realty Center!

 

The leaves have been beautiful this year!  Fall is one of my favorite seasons!  We hope you are enjoying it and that all is well!

 

Everywhere we go, people want to know, how’s the real estate market?  We love to report that it is great!  It is on the rise, and we believe it is going to get even better!

 

Our real estate market is steady and successful!  The Utah Association of REALTORS (UAR) Local Market Update Report for August 2016 is attached.  It is the latest available since it takes the UAR approximately 2 months to compile all county statistics.   Utah’s closed sales and Median Sales prices are both up so far this year. Beaver county’s closed sales are up 4.2% year to date (YTD) and the Median Sales price is up 18.9% to $129,600.  Iron County Closed sales are up 12.5% for August 2016 as compared to August 2015; however, YTD closed sales are down 4.9%.  Iron County’s Median Sales Price is $161,000 which is up 11% YTD.  Washington County closed sales are up 7.8% YTD and the Median Sales Price is up 6.1% to $238,500.  Please see report for all counties and for details.

 

We would be reporting more closed sales in Southern Utah if we had more market-priced inventory.  We are seeing multiple offers because we have more buyers looking for homes than we have homes for sale.  Only one offer gets accepted by the seller, so the remaining buyers have to start their search again and may end up in still another multiple offer situation.

 

From MReport October 2016 issue, Lawrence Yun, NAR, is quoted, “With homebuilding activity still failing to keep up with demand and not enough current homeowners putting their home up for sale, prices continued their strong ascent.” Home ownership is down.  According to another article in this same magazine, more homes are being built to rent than average for past years.  Another article talks about buyers needing to know what it takes to buy.  Buying does require a good credit score and a good job.  While the economy is improving overall, some still have not recovered their losses from the past.  There is also an article talking about the high rents in the market “Creating First-Time Home buyers,’  It seems like a see-saw.  I believe owning your own home will emerge victorious! With low mortgage rates, buyers can still buy often for less than rent in spite of the rising of the Median Price.  This is a market where buyers and sellers are both coming out ahead in my opinion.

 

How do you sell a home in this real estate market?  Our Team does high quality and aggressive advertising for our sellers both online and in print ads.  People come to beautiful Southern Utah for diverse reasons such as the arts, drama, National Parks, sunsets, views, friendly people, hunting, fishing, hiking, camping, summer games and more.  Many decide it might be fun to buy a home where most people come to play!  While more than 90% of buyers go online to find their homes, some buyers pick up the ad magazines and call later regarding what they see!  We advertise wherever we believe a buyer or REALTOR might be!  Our advertising is worldwide and very effective!

 

What do the sellers do to sell while we aggressively advertise all over the world?  Real estate must be priced at market in order to attract showings.  Then it must be beautiful and show well in order to attract an offer!  Please call our Team today for market pricing information and for staging hints.

 

According to Sept/Oct 2016 issue of The Residential Specialist magazine, Autumn is a great time to take inventory of your home!  The article suggests checking the interior, heating and cooling, electrical, doors and windows, plumbing, roof, foundation and exterior!  It is important to make sure that homes on the market have been properly maintained to avoid “surprise issues as colder weather arrives.”  I would like to add to that list to WINTERIZE and leave heat on if your home is vacant!  Also, this is a reminder to all owners to WINTERIZE evaporative coolers, sprinkler systems and more.  Our freezing temperatures are upon us!  Let’s be prepared.

 

For your free real estate consultation, please call our Naisbitt-Bagley Team at 435-865-1019 at ERA Realty Center or email bagleyteam@gmail.com.  You can text or call Mathew Bagley at 435-590-8788, Janet Naisbitt-Bagley at 435-559-7772 and Jennifer Corral at 435-559-0366. Please let us answer all of your questions and concerns.  We want our top experience, training and service to benefit you and help you to turn all of your realty dreams into reality.

UAR August 2016.jpg

It’s time for our Fall Naisbitt-Bagley Team Newsletter Update!

Fall is in the air and it is time for our Naisbitt-Bagley Team Newsletter Update!

 

We love temperatures in the 70’s and autumn leaves!  It doesn’t get any better than living, working and contributing in Southern Utah where most people love to come to play!

 

Our Southern Utah Newspaper, The Spectrum & Daily News, 9/19/16 headline reads, “August jobs report shows Utah growth” by David DeMille.  To quote, “There’s a term in economics called ‘full employment,’ and at least theoretically, Utah is there, state economists said last week.”  According the chief economist with the state Department of Workforce Services, “Utah continues to show some of the strongest numbers in the U.S.”  This is good news indeed!

 

Our Real Estate Market is still going strong even though Iron County closed sales were down according to the July 2016 Utah Association of REALTORS (UAR) statistics which are the most recent available.  Washington County and Beaver county closed sales were up.  The Medium Sales Price was up for all 3 of these counties.  See attached Local Market Updates By County for details and for information on every county in Utah.  It is our belief that the low inventory is the reason that Iron County closed sales dipped.

 

We want to make sure our real estate is in top show condition as we move into fall as always.  According to an article in the September/October 2016 REALTOR Magazine by Frank Lesh, there are 3 pointers for protecting  home exteriors that I thought were worth sharing:

 

  1. “Keep foliage away.  Make sure no plants are growing on the siding. ‘Plants can trap moisture and allow insects and animals to infiltrate,'” Lesh says, “You want the siding to be exposed to the elements.”
  2. “Watch where water may be getting in.  Check in areas around windows and doors to see if water is getting in.  Moisture can linger and eventually cause rotting or fungal growth.  Make sure those area have been properly caulked or tuckpointed to prevent seepage.”
  3. “Keep the gutters cleaned.  Many home owners think they only need to check for clogged gutters in autumn when leaves are falling.  A neighbor’s stray tennis ball, a bird’s nest, or even squirrels stocking up for winter can quickly become a serious problem.  If water gets backed up in your gutter, it could damage your siding too.”  Lesh notes, “Have gutters checked at least twice a year.  Or better yet, clean them four times a year to prevent back-ups.”

 

The real estate market seems to be steady here, and we believe it will continue as we move through fall and into winter.

 

We continue to aggressively market your homes and properties both online and in print ads with pictures, videos and slide shows.  That is of utmost importance to you in this market!

 

Keeping your real estate competitively priced with the market is extremely important as is having it in show-perfect condition.  Buyers shop online for the best buys and those are the homes they tour.  Then they pick the property or home that shows the best.  They want value for their dollars in this market!

 

Please contact our Naisbitt-Bagley Team today for your free consultation regarding pricing, staging, showing, marketing, concerns, questions, and all your real estate needs at 435-865-1019 or email Bagleyteam@gmail.com.  You can call or text Matt Bagley at 435-590-8788, Janet Naisbitt-Bagley at 435-559-7772 and Jennifer Corral at 435-559-0366.  We want to start helping you turn your realty dreams into reality today!

 

july 2016 stats.jpg

Fun In The Sun is Almost Done! Time To Read Our Last Summer Newsletter!

Fun In The Sun is Almost Done!  Time To Read Our Last Summer Naisbitt-Bagley Team Newsletter

 

The market is hot and so is the temperature as August nears closure!  Children have returned to school, but summer activities are still popping up all over in Southern Utah!   Neither school nor fun times in the sun have slowed down our steady real estate market according to the latest Southern Utah reports!

 

*Southern Utah is doing well according to attached Utah Association of REALTORS (UAR) Local Market Updates by County for June 2016.  This is the latest report available since it takes the UAR 2 months to compile the statistics for every county in Utah.  Iron County closed sales are up 4.5%; Beaver County’s are up 33.3%; Washington County’s are up 8.1% as compared to the same month in 2015.  That is good news for Southern Utah!  The Median Sales Price is up 11.4% year to date (YTD) for Iron County to $159,900 as compared to $143,500 in 2015.  Beaver County’s is up YTD 4.2% to $127,150 as compared to $122,000 in 2015.  Washington County’s is up YTD 5.4% to $237,000 as compared to $224,900 in 2015.  Closed sales and Median Sales Prices are up on average for the entire state.  See attached for more details and for all counties.

 

*Over 300 homes sold from $100,000 to $200,000 in 2nd quarter according to Iron County Board of REALTORS Multiple Listing Service (MLS) attached graphs showing statistics for all real estate offices in our area.  179 homes sold above $200,000 showing that homes are selling in all price ranges.  We believe now is an awesome time to both sell and buy in our area.  The current statistics prove that ERA Realty Center is still the #1 top selling office as it has been for many years.  The Market Analysis for 2nd quarter reports homes are still the top sellers in our market with 414 sold and 173 under contract.  There are 641 homes for sale.  There are 1134 listings for lots with only 49 under contract and only 132 sold last quarter  Development land and farms/ranches are slow sellers too.  There are 138 condo/townhouse properties on the market with 38 under contract and 59 sold. Real estate is moving but residential sales far exceed lot sales, yet there are nearly twice as many lots for sale as there are homes.

 

*On the national level, surveys are asking what people expect to happen to prices after the election. DS News August 2016 Magazine reports that people expect prices to rise after the election no matter who sits in the Presidential seat.  We have no way to know whether that is true or not, but we do believe now is a good time to buy and sell no matter what the election brings.

 

*What is holding some buyers back from purchasing now?  According to Today’s Buyer’s Rep ABR publication, the biggest issues are lack of inventory and the unrealistic expectations of buyers in today’s market. They think they can buy more than is possible for their money in today’s real estate world.  Affordability and financing were lower on the totem pole for buying difficulties.  Good loans with low rates and no/low down payments are still available making monthly payments sometimes less than rent.

 

*Another issue stopping buyers from moving into their own homes currently is student debt.  According to MReport August 2016 Magazine, “A recent survey shows debt is keeping millennials at home with parents longer and pushing home purchases back 5  years or more.”  I am currently working with a client who is unable to purchase a home even thought her credit is great and the student loan lender has reduced the monthly payment to a qualifying level.  The problem is the lender will only agree to the reduction for one year.  They may extend it after the year, but that is not good enough for the mortgage.

 

*What sells real estate today?  1. Top Marketing, 2. Market Pricing and 3. Show-perfect condition!

 

Please call today for your free consultation regarding marketing, pricing, staging, and to discuss concerns and questions with our Naisbitt-Bagley Team at 435-865-1019 at ERA Realty Center or email bagleyteam@gmail.com.  You can also call or text our mobile phones:  Matt Bagley, 435-590-8788; Janet Naisbitt-Bagley, 435-559-7772; and Jennifer Corral 435-559-0366.  Our Team cares about you!

 

 

We’re Having a Heat Wave! Summer 2016 Newsletter!

We’re Having a Heat Wave!  Bask in the Warmth and Enjoy Our ERA Realty Center Naisbitt-Bagley Summer 2016 Newsletter!

We’re feeling very patriotic this month as we continue to celebrate our freedom and independence in this great America the beautiful! With Pioneer Day and the 4th of July this month, how can we help but be filled with gratitude for those who have gone before us?  It is difficult to believe the middle of summer is upon us, but our beautiful Southern Utah sunshine is proof positive!

Real estate is one of my favorite subjects, and the right to own our own homes is one of our treasured blessings in the USA.  I started helping my dad with his real estate business as a little girl in Bountiful, UT!  I have thoroughly enjoyed being a REALTOR myself now for 33 years, and I love working with our top trained and experienced Naisbitt-Bagley Team to benefit you and to help you reach all your real estate goals!  Thank you.

The question we are asked wherever we go is, “How is the market?” Home sales are steady and doing well in Southern Utah, and it appears that home sales are facing a bright future!  Please check out the attached Utah Association of REALTORS (UAR) most recent available closed sales statistics for every county in Utah.  According to this report, Utah’s closed sales are up 2.2% YTD and Utah’s Median Sales

Price is up 7.5% YTD indicating a steady market on the rise in the whole state.

 

From The Spectrum & Daily Newspaper dated July 23, 2016, we read more good news for our state in the article titled, “Utah ranked No. 1 for business” and I quote, “Both Forbes and CNBC have ranked Utah as the top state for business, listing growth as a major contributing factor to that success.”  Also listed in the article as contributing factors for success in Southern Utah are low taxes, local and state governments trying to make it easier, dedicated people, new companies, Southern Utah Museum of Art, the LDS Temple, the Festival and more.  The article is very positive and informative.  I would add that it is awesome that Southern Utah has something for nearly everyone including universities, national parks, the arts, culture, hunting, fishing, camping, summer games just to name a few.

 

On the National level, we learn who is buying homes in today’s market. To quote from one article in the July & August 2016 Residential Specialist Real Estate Magazine, “First-time homebuyers make up roughly a third of the buyers who will hit the market this year, a number that is poised to grow.” To continue, “These buyers are a little different than the repeat buyers who dominate the market.  They are a little younger and need to be a little thriftier than their home-owning counterparts. The median age of a first-time buyer is 31, while the median age of a repeat buyer is 53.”  The article goes on to say that most first-time buyers make less money and have less down payment.  Top on their list is an updated kitchen, bath and open floor plan.  They are interested in low maintenance, convenient location, and energy efficiency, but those are lower on their want list.

Trends are changing a bit nationally according to the article in the same magazine titled, “Failure to Start.”  It states, “The starter home has long been the first step into real estate for many homeowners.  It’s typically smaller, cheaper and in need of a few minor repairs, and now many buyers feel it may not be worth their time.  Buyers are increasingly favoring the idea of the forever home over the starter home, according to Bank of America’s Home Buyer Insights report.  Seventy-five percent of first-timers want a home that will fit their needs in a few years, and nearly 70 percent are willing to wait to save more money and move into a nicer home in the future rather than buy a starter home now.”  The danger I would see with that idea would be that it is a proven fact historically that real estate prices go up over time and often faster than most people can save.  I can testify to that since I have made more money on my real estate investments over the last 25 years than in any other way.  Therefore, it seems to me that purchasing an affordable home now would be the wisest way for first-time buyers to poise themselves to purchase that forever dream home later!  I also strongly recommend buying rental properties, motels, commercial buildings and other real estate as the best investment for almost everyone.

For sellers, this is a steady real estate market.  If your real estate has not sold, I strongly recommend the

following:

  1. Request a market overview consultation from our Team to see what has sold in the past month instead of yours.  Are buyers passing you up for lower priced properties or properties that are in better

condition? We need to go over sold properties with you to make sure your real estate is priced with the market.

  1. Then request a consultation with our Team to make sure your home is attractive and in show-perfect condition since your pictures go all over the world on-line. There may be some fun and easy things that can be done such as romantic lighting, exciting yards, the appearance of light and space, fresh paint and inexpensive decorations.  The nice thing about decorations is they go with you when you move but help you sell the home quickly.  Be sure all repairs are made and that the home is in tip-top form.
  2. Top marketing is a must in this market, and that is our job!  We will continue to market your real estate worldwide as well as locally to buyers and to agents. We market to agents as well as buyers because we don’t know which agent your buyer will call!  Therefore, we may not be the one that sells it, but we will most assuredly be the reason it sells thanks to our aggressive marketing.

For your free real estate consultation, please call our Naisbitt-Bagley Team at 435-865-1019 today at ERA Realty Center and email us at bagleyteam@gmail.com. You can call or text Matt Bagley at 435-590-8788, Janet Naisbitt-Bagley at 435-559-7772 and Jennifer Corral at 435-559-0366. We would love to discuss market pricing, home staging, problems, concerns and anything else to help your realty dreams turn into reality! We love referrals and we love hearing from you!

may stats 2016

Splash into the June 2016 Newsletter!

Splash into the June 2016 Newsletter! Nasibitt-Bagley- Team, ERA Realty Center, Real Estate Newsletter Update!

We hope everyone is having a wonderful summer thus far! The market has been holding steady this summer, with prices also continuing to stay steady. We have had a lack of inventory, so anyone thinking of selling a property, now would be a good time get it on the market.

From the Article, The Stats Behind the Inventory Crisis, from the MReport Magazine June 2016, “The newest emerging crisis in the housing market is in the continuous imbalance between supply and demand. Low supply of housing has been an ongoing issue, despite positive indicators from home sales and prices.”

A question that was asked to the magazine was, where does home construction currently stand compared to recent months, as well as historical averages? The magazine replied with “Home construction is on the rise right now, and it is increasing for the single-family homes as well; it’s just not hitting the pre-recession levels or the level we saw in the early 2000s during the housing boom. Whether that’s a good thing or a bad thing is not obvious.”

Following this question the magazine was asked, what incentivizes builders to increase construction levels? What holds building back? They said “Demand like we are seeing means builders can get a higher price for what they build, and high demand is the incentive to get builders to build. There are other factors that are preventing them from building, and very often those are rules.”

The magazine was then asked. What challenges are first time homebuyers facing? The magazine then replied with “The answer for first time homebuyers is really short: higher prices. That means they need to come up with more of a down payment, which is harder.”

We are still seeing a lot of new construction in the area. If you are thinking of building and would like to meet with a builder to discuss options, give us a call at 435-865-1019 to schedule a meeting today!

For your free real estate consultation, please call our Naisbitt-Bagley Team at 435-865-1019 today at ERA Realty Center and email us at bagleyteam@gmail.com. You can call or text Matt Bagley at 435-590-8788, Janet Naisbitt-Bagley at 435-559-7772 and Jennifer Corral at 435-559-0366. We would love to discuss staging your home and making sure your list price is at current market value. Do you have any problems or concerns and is there anything else we can do in order to continue to give you top service in helping your realty dreams become reality? We would love to hear from you and we love referrals!

seller stats march 2016

Spring Forward to May 2016 Newsletter Update!

How’s the market? Spring Forward to May 2016 and Enjoy this Naisbitt-Bagley Team, ERA Realty Center, Real Estate Newsletter Update!

Our local Southern Utah Real Estate market seems to be going strong and steady.  According to the latest Utah Association of REALTORS (UAR) statistics available, Iron County closed sales are up 12% as

compared to the same month in 2015, and the median sales price is up 5.2% to $152,000.  Washington County closed sales are up 10.8% and the median sales price is up 2.3% to $225,000 for that month.  If you look at the year to date (YTD) figures for Beaver County, closed sales are up 14.3% and the median sales price is up 17.6% to $113,000.  Please see the attached UAR Local Market Updates for more details and for every County in Utah.  Since it takes UAR approximately 2 months to compile these statistics, this March report is the latest available.

Most buyers are purchasing their own happy home, but investors are on the rise.  On the national level, here is a quote from the May/June REALTOR Magazine 2016, “Investors are big players in real estate and  they’re expected to continue to have a strong role in many markets in the coming years.  In fact, real estate is increasingly viewed as more desirable than stocks and bonds, with real estate ranking as the top investment choice in a 2015 Gallup poll.”  Southern Utah is definitely one of the real estate markets with investors, and they are looking for properties that can be rented for enough that their tenants’ rent can cover the mortgage and maybe even make a profit after expenses.  I believe rentals are the best investment because the renters typically buy the properties for the landlords.  How nice of them! We do have renters looking for rentals in our market!

Attracting that buyer requires preparation by the owners.  To quote from an article in the May + June issue of the Residential Specialist 2016, “Remodelers Today, Sellers Tommorow,”  “…curb appeal is a huge part of making that vital first impression to potential buyers and can actually upgrade a home’s value.”  We recommend cleaning up, fixing up, painting, sprucing up, adding lighting, clearing gutters, landscaping improvements, and etc. The inside of the home must be show-ready also! The pictures of your property go worldwide to attract buyers and real estate agents to see your home.

 

The Residential Specialist magazine recommends that sellers and buyers choose an agent with the advanced knowledge, business experience, and referral network found with national training designations:  ABR (Accredited Buyer Representative), GRI (Graduate Real Estate Institute), and CRS (Certified Residential Specialist).  When you choose an agent with ABR, CRS, GRI, you choose the best of the best. These credentials held by Janet Naisbitt-Bagley as well as other designations held by our Naisbitt-Bagley Team are an important part of our Team’s top service and expertise that benefit buyers and sellers.

It is imperative that we continue to stay ahead in this age of technology and of buyers going on-line to find their homes!  Our on-line advertising and top technology benefit both buyers and sellers in the current real estate market. Since most of our buyers are from out of state, our worldwide advertising is a must!  Due to local activities such as Shakespear Festival, hunting, fishing, the arts, plays, camping, National Parks, etc., our local advertising is also very important.  Clients and customers pick up those ad books and call to see homes.  I don’t know of anyone that advertises more aggressively than our Team which helps our clients succeed in reaching all their real estate goals.

Pricing and home staging are also incredibly important. Buyers search for the best buys and then tour their favorites.  They usually pick the homes that show the best and are the best value for their dollar.

There are some buyers looking for fixer uppers, but they expect to pay bottom dollar and make a big profit for all their hard work.

Lots and new construction are selling.  Commercial and land development are still lagging behind residential sales, but we are seeing a bit of action there too.

For your free real estate consultation, please call our Naisbitt-Bagley Team at 435-865-1019 today at ERA Realty Center and email us at bagleyteam@gmail.com.  You can call or text Matt Bagley at 435-590-8788, Janet Naisbitt-Bagley at435-559-7772 and Jennifer Corral at 435-559-0366.  We would love to discuss staging your home and making sure your list price is at current market value.  Do you have any problems or concerns and is there anything else we can do in order to continue to give you top service in helping your realty dreams become reality?  We would love to hear from you and we love referrals!

seller stats march 2016

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