June is Sizzling but not just the Temperature! The Real Estate Market! June 2017 Matt Bagley Team Newsletter Update!
Up Up Up! How far? 11.7% year to date (YTD) for 2017 Iron County closed sales as compared to 2016 according to Utah Assocation of REALTORS latest published statistics! .The median sales price is up 22.3% YTD to $183,500. See attached UAR Report for more details and for all counties in Utah.
For the most part, an upward trend is seen nationwide and not just in our local area! “Consumers Harbor Optimism for Housing” is the title of a recent article in MReport May 2017 magazine. To quote, “Consumer confidence is up across the country especially in rural and middle America. According to a new consumer survey from the National Association of Realtors (NAR), many people believe now is a good time to buy and sell.” That is awesome news! I love steady real estate markets! However, allow me to quote Tim Rood, Chairman of the Collingwood Group, to give you the down side of this positive news, “You can’t buy what’s not for sale. Inventory is the lowest that I have ever seen, which is reflected in the disappointing existing home sales number.” So true! Our local closed sales would be up much higher, in my opinion, if the inventory level matched the rise in buyers. New construction and remodeling are also on the rise according to MReport News. All things considered, we plan the 2nd half of 2017 to be the best real estate market yet!
Economist Joseph Kirchner, Ph.D., REALTOR.com, reports in DSNews May 2017 issue that interest rates and home prices will rise. There are many factors that he discusses in his article that are causing a “dip in affordability” including the low supply of existing homes and a rise in buyers! Even so, I believe our local market will stay steady and affordable for some time. Prices are rising but slowly.
What should you do if your real estate hasn’t attracted your buyer yet? Our Matt Bagley Team marketing is tops and it works! We will continue advertising until your home or property is marked “Sold.” Be assured that we know of no one that markets more aggressively to get your sale closed nationwide and worldwide in print and online! We work hard to attract Buyers and REALTORS. Advertising is not the only piece of this puzzle! Market price and staging are still top priorities to get that quick sale at top dollar which is what you want and what we want for you! Please contact our Team today for market value information and for tips on staging and showing your home. Photos of your home or property go all over the world, so we want them to be superior to catch your buyer!
For your free real estate consultation, please contact the Matt Bagley Team today at 435-865-1019 at ERA Realty Center regarding all of your real estate goals, concerns and dreams. You can also email firstname.lastname@example.org or text Matt Bagley at 435-590-8788, Jennifer Corral at 435-559-0366 and Janet Naisbitt-Bagley at 435-559-7772. Our top service, experience, training, and expertise will benefit you in making your realty dreams turn into reality ASAP!