2016 Marches Forward with an Awesome Real Estate Year!
2016 Marches Forward with an Awesome Real Estate Year! The Naisbitt-Bagley Team First Spring Newsletter from ERA Realty Center: How’s The Market?
According to the latest statistics available from the Utah Association of REALTORS (UAR), Beaver County Closed Sales are up 60% and their Median Sales Price is up 56.6% to $153,000! Iron County Closed Sales are down 25.4% and the Median Sales Price is up 19.8% to $162,900. Washington County Closed Sales are up 5.4% and the Median Sales Price is down l.8%. Utah State Closed Sales are up 10.1% and Median Sales Price is now $225,000 which is up 4.7%. See attached “Local Market Updates by County” for more details and the rest of the counties.
Let’s take a look at last year since the Iron County Board of REALTORS Multiple List Service (MLS) statistics are now available and attached for all of 2015 for all the offices in the Board:
*ERA Realty Center sold more homes than any other office in 2015 as they have for many years. We, therefore, send a huge thank you to all of our clients and customers and to our past clients for referring their friends, family and associates to us!
*According to these MLS statistics, there were 1179 homes that sold and only 319 lots. Yet we have 557 homes on the market and 1013 lots. The lot figure doesn’t count the acreage and farms which add 449 parcels of land and 88 that sold last year. There are 24 condo/townhouses on the market and 26 sold last year. A few commercial properties sold but are not listed in the statistics.
*All price ranges are selling as you will see in the attached report. 401 homes sold under $199,999 and 402 homes sold between $200,000 and $399,999. 55 sold above $400,000.
Aggressive marketing is vital in selling homes in any real estate market. I don’t know of another REALTOR that markets more aggressively than our Naisbitt-Bagley Team, and ERA Realty Center is also on the front line of advertising! Have you heard of ZAP? On the front page of the “Real Estate” magazine Volume 32, No. 3, is the huge word “ZAP” and an agent with the caption, “Zap is so amazing..my clients think I am super hero!” To quote from the article on page 37, “The Zap technology was fine-tuned by real estate operators with first-hand knowledge of the day-to-day business,” says Perriello. “You can see that in every aspect of the platform–customer relationship management (CRM), websites, mobile apps. This was not technology for technology’s sake. It was designed to sell houses.” Earlier in the article it states, “The power of Zap is that it provides the agent, the ability to know who needs help, what help they need, and how to deliver that help even before they reach out for it,” Baker says. We have ZAP to benefit you along with our other top technology, top service, top training and top experience!
Market pricing and staging are also very important in getting real estate sold in today’s market. Please call our Naisbitt-Bagley Team for current market value information and for details to get your home or property ready to be shown all over the world on video and in slide shows on-line and in pictures in our print ads. Our global advertising goes everywhere, and we want your property to attract your buyer!
On the national level, The fear of affordability is a more worrying issue for buyers than fears about the effect of rising interest rates. Low Interest rates are still helping to keep home prices affordable as Sales Prices are on the rise according to the March/April issue of the REALTOR magazine for 2016, and there seems to be “A Troubling Shortage of Homes,” according to Lawrence Yun NAR chief economist.
According to MReport February 2016 magazine, “U.S. Banks Report Fewer Delinquencies.”
For your free real estate consultation regarding, market value, questions, and concerns, please contact our Naisbitt-Bagley Team today: Matt Bagley at435-590-8788, Jennifer Corral at 435-559-0366, Janet Naisbitt-Bagley at 435-559-7772 or at our direct office line 435-865-1019. You can also firstname.lastname@example.org. Check out