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 firstname.lastname@example.org. 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.