Janet Naisbitt-Bagley

ERA Realty Center, Cedar City, Utah

Whoa! Snow! Just in Time for Our Matt Bagley Team January 2018 Real Estate Newsletter!

Whoa! Snow! Just in Time for Our Matt Bagley Team January 2018 Real Estate Newsletter!

“How’s the market?”  Whether you are buying or selling, we believe you will be happy with the strong real estate market here!  The Utah Association of REALTORS (UAR) Local Market Updates for Iron County clearly show the number of closed sales up by 19.9% compared to last year and the average sales price is up to $190,000 which is a 14.8% increase.  See attached UAR report for details and for the latest published information on all counties in Utah.

Clients and customers are working together with us to make their realty dreams turn into reality and sell and/or find their dream homes!  January is beginning with excitement and happy homeowners!  We are helping clients find existing homes as well as lots and land to build homes!  We believe this exciting winter season for real estate promises to continue for the rest of the season and for the whole marvelous year in 2018 as well!

“According to A National Association of REALTORs report, 95 percent of potential homebuyers reported using the internet when looking to buy or sell a home in 2016.”  This quote in the article by Megan Craig In the December Residential Specialist Magazine reinforces our commitment to you to always aggressively market on-line on the top real estate sites.  We also add the personal touch to our top technology which is highly beneficial to you!  We are known as the real estate team that cares about you!  We also continue to market with magazine ads which is valuable to you since travelers and visitors in our area pick up the ads and call us when it is convenient!  We work hard to help our clients and customers reach all of their real estate goals.

Our top real estate marketing is imperative, but so is preparation of the home and property for sale!  Clean-up and fix-up inside and out are a must to attract your buyer!  Fix the flaws whenever possible.  New carpet, fresh paint, nice decorations and no clutter will show that home off at its best!  First impressions stick, so that front landscaping needs attention.  Your Matt Bagley Team is trained to consult with you about staging your property for its most charming best advantage!  Call us today for this wonderful free service when you market with us.

What about the price?  Does it need to be adjusted to compete?  Call your Matt Bagley Team for your free market overview today to discuss.  We can show you what sold instead of your home and for what price.  This gives you a great advantage in making the decision if your price will attract your buyer.  Our Team markets aggressively and will help you determine the correct price and the best way to show-off your home to get top dollar quickly in this real estate market.  Isn’t that what you want?

No wonder a recent study reported in the Utah REALTOR Magazine reported “Agent-assisted owners sell for more!”  We give top service, top experience, top advertising and trained negotiation skills that benefit our buyers and sellers in reaching all of their real estate goals.

For your free consultation regarding real estate questions, concerns and information, contact your Matt Bagley Team today at 435-865-1019 at ERA Realty Center or email bagleyteam@gmail.com.  The Bagley team can also be texted or called on our mobile phones:  Matt Bagley at 435-590-8788, Jennifer Corral at 435-559-0366, Janet Naisbitt-Bagley at 435-559-7772.

 

 

UAR November 2017

 

 

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December Newsletter With Merry Christmas and Happy Holiday Wishes from the Matt Bagley Team!

December Newsletter With Merry Christmas and Happy Holiday Wishes from the Matt Bagley Team!

2017 has been an awesome year for our Southern Utah real estate market!  We feel very blessed and send our warmest thank you to all of you!  ERA Realty Center is still number one top producing office.  The future looks very bright for 2018!

The Utah Association of REALTORS (UAR) reports a 20.5% increase in Iron County closed sales in their latest published statistics. The same report shows a 15.8% increase in our median sales price.  See attached “Local Market Updates by County” for more details and for every county in Utah.

Homes on the market during the holiday season are charming and bring buyers warm memories of happy Christmases past.  That feel-good emotion invites buyers to make offers!  Typically, buyers are very serious and ready to buy when they are willing to take time to tour homes this time of year!

Foreclosures and short sales are nearly a thing of the past but not quite.  Our real estate market is steady and moving upward at a reasonable pace with very few short sales and foreclosures.

Some ask if there is another “Bubble Risk in Housing” ahead.  That is an excellent question.  If I had a crystal ball that worked, I would answer it!  I personally don’t believe so here yet.  We have a strong economy.  For a national viewpoint, let’s turn to DS News November 2017 Magazine and the following quote, “Some cities across the country show signs of an oncoming housing bubble, even though most home prices in U.S. cities remain below their 2008 peak in real terms.”  The article goes on to mention several big U. S. cities.  A paragraph regarding San Francisco, CA, says, “the city shows signs of overvaluation but no bubble risk. . .”

The Cedar City, UT, Temple brought thousands to the open house and cultural event.  It was amazing.  The dedication took place on Sunday, December 10, 2017.  What a joyous occasion that  many welcomed with tears and gratitude.

To attract buyers, it is of utmost importance to aggressively advertise, and the Matt Bagley Team has one of the most aggressive marketing plans and it works.  It is also imperative that homes show well and that they are priced with the market to be competitive.  Homes are selling quickly that are priced correctly and show well.  Contact the Matt Bagley Team today at 435-865-1019 for market pricing and staging ideas at 435-865-1019 at ERA Realty Center.  Email bagleyteam@gmail.com or text/call Matt 435-590-8788, Jennifer Corral 435-559-0366 and me, Janet Naisbitt-Bagley 435-559-7772.  MERRY CHRISTMAS AND HAPPY HOLIDAYS!  HAVE THE HAPPIEST NEW YEAR YET

 

UAR October 2017

Thanksgiving 2017 Gratitude Time is Here With Our Matt Bagley Team Newsletter Update!

Thanksgiving 2017 Gratitude Time is Here With Our Matt Bagley Team Newsletter Update!

What could be better than our wonderful customers and clients!  We thank you! Please enjoy the happiest Thanksgiving yet!  We are sending you our warmest wishes!

Our Iron County real estate market is something about which to shout for joy!  Closed sales are up 18.1% and our median price is now $191,000 which is up 16.3%!  Please see attached Utah Association of REALTORS (UAR) report for more details and for statistics on every county.  Steady growth continues and more is expected in 2018!

Our Cedar City area’s positive economy is a blessing and our future looks great.  Homes that are priced with the market and show well sell quickly.  According to the latest graphs attached for the Iron County Board Multiple List Service (MLS) from July 1, 2017 through November 1, 2017, residential single family home sales lead the real estate market.  501 homes plus 116 condos/townhomes sold while there were only 165 lots that sold in that same time period and 35 acreage parcels.  295 homes sold under $200,000.  334 homes sold above $200,000 showing homes currently sell in all price ranges.

The question has been asked whether homes should be taken off the market for Christmas.  It is our strong belief and experience that Christmas is a great time to sell your home.  Typically, the decorations and aroma of baking remind your buyer of home and invite warmth and happy memories.  It is true that there are not as many buyers looking for homes in the winter, but it is also accurate that there aren’t as many homes on the market so there is less competition.  Another positive thing is that buyers that take time to look in the snow during the holidays are serious and ready to make a decision.  Lookers typically don’t venture out in freezing weather.

Great loans are available now with nothing down and low interest.  The inventory is low.  Buyers of all ages are moving up and moving down!  Investors are buying rentals.  It is a great time to buy and sell in our strong opinion.

Please take a moment and call your Matt Bagley Team at 435-865-1019 at ERA Realty Center for your free consultation regarding staging your home for top dollar quickly and for a market overview to make sure your home or property are priced competitively to catch that next qualified buyer!  We also want to discuss all of your concerns and questions and help you reach all your real estate goals.  You can also email bagleyteam@gmail.com or call or text Matt Bagley 435-590-8788, Jennifer Corral 435-559-0366 and Janet Naisbitt-Bagley 435-559-7772.  This Happy Thanksgiving Newsletter Update is written by Janet Naisbitt-Bagley

 

 

UAR September 2017Market Stats 7 1 17 to 11 1 17Market Stats 7 1 17 to 11 1 17 3Market Stats 7 1 17 to 11 1 17 2

Matt Bagley Team’s Chilling 2017 Happy Halloween Real Estate Newsletter Update!

Matt Bagley Team’s Chilling 2017 Happy Halloween Real Estate Newsletter Update!

How’s the fall market?  Wow!  Thrilling news!  Cedar City Area’s Median Sales Price is up Year-to-Date 18.4% to $190,000, and that’s no spook story!  The Utah Association of REALTORs (UAR) recently published August 2017 Local Market Updates by County and reported Iron County closed sales are up 21.9%.  Please see attached for more details and for information on every county.  Watch for the 3rd quarter Multiple Listing Service (MLS) graphs with even more information when available in our next update.

 

Our local real estate market is alive and well as it is in most areas of the country according to recent news. Inventory is still low, and we have more buyers than homes available for sale even though there is some new construction. Lots are still slow sellers.  Our builders locally are quite busy which is a good healthy sign of a steady market.

 

Preparing homes for sale is of prime importance for a quick sale.  The Residential Specialist Sept/Oct real estate magazine reports “Doing home projects yourself can help you save money…and fill you with pride at a job well done with your own two hands. But there are circumstances where a pro is the way to go…” Patching drywall, cleaning the air conditioner condenser unit and repairing plumbing hardware are worth tackling on your own.  However, the article suggests calling a pro if there is a big hole in the drywall, if you want to repair or replace the HVAC, and if you have remodeling renovations that require alterations to the plumbing.  Repairing and fixing up are valuable aids in attracting a quick sale.

 

Of course, homes need to be clean, painted, decluttered, organized and beautiful to show well in the pictures we send all over the world on line and to attract your buyer.  I recommend going into each room and deciding what can be done to make more light and space.  If closets, cupboards or drawers are crowded, your home will look like there is not enough storage.  Taking 3 boxes into each space helps.  Everything can be beautifully arranged or placed in the garbage, donation or packing box. When this is accomplished, the home should be ready to show as long as you have done all necessary to beautify both the inside and out.  First impressions go a long way in giving your buyer that warm fuzzy home feeling.  Call our Team.  Giving home-preparation and staging suggestions are part of our service.

 

Preparing the home for sale is valuable, but so is pricing the home correctly!  Please call our Team for a market overview to make sure your home is priced to compete with other homes.  You want your home to show the best and to be priced correctly to get top dollar quickly.

 

Our marketing is tops and it works! I don’t know of anyone that advertises more aggressively to get your real estate sold!  If it shows well and is priced reasonably, our advertising will get a quick offer at top dollar! If you don’t already have an offer, please contact our team today to discuss what you can do to help!

 

Please call our Team at 435-865-1019 at ERA Realty Center for your free consultation!  You can also email bagleyteam@gmail.com or text Matt Bagley at 435-590-8788, Jennifer Corral at 435-559-0366 and Janet Naisbitt-Bagley at 435-559-7772.  This Newsletter is written by Janet Naisbitt-Bagley.  We want to answer all your questions and concerns and give you top service.  We want our top experience and expertise to benefit you and help you turn your realty dreams into reality.

UAR April 2017

What is “Autumn eight?” Find Out In Your Matt Bagley Team Fall 2017 Real Estate Newsletter!

What is “Autumn eight?”  Find Out In Your Matt Bagley Team Fall 2017 Real Estate Newsletter!

 

We are experiencing cooler temperatures and seeing gorgeous autumn leaves!  That means it is time for “preventive maintenance” on your home to save you “unexpected expenses or emergency repairs,” and it “may also reduce energy costs” according to Sept/Oct 2017 article in “The Residential Specialist.”  Here is their checklist:

 

“INTERIOR  1.  Get your furnace inspected:  Hire a professional to check for any leaks, replace the filter if needed and check heating efficiency.  2.  Winterize air conditioning:  If you live in areas where the temperature changes drastically and it snows, ensure that your external air condition unit is properly covered.  This is a good maintenance tip to increase the life expectancy of the unit.  3. Draft-proof your home: Check around the edges of your windows and doors to detect any possible air leaks.  If required, repair the caulking and replace seals to prevent heat loss.  4.  Test your home safety devices:  Make sure that your smoke detectors and carbon monoxide detectors are up and running.  This is extremely important and should not be overlooked.  Replace batteries, if needed.”

 

“EXTERIOR:  5.  Roof check:  Do a visual inspection of your roof using binoculars.  If  you spot missing or damaged shingles, it’s time to get them fixed.  6.  Inspect home exterior:  Check for cracks and holes and repair them or hire a professional.  7.  Clean the gutters:  Remove all leaves and debris to ensure that the gutters are clear.  Check for any possible leaks.  8.  Examine your surroundings:  Check for any damaged trees that could pose a potential hazard, trim landscaping, close your pool and put away any seasonal furniture and yard equipment.”  Note:  “This article was provided by Pillar to Post home inspectors.  For more information, go to pillartopost.com.”

 

Of course, in our area, it is important to also WINTERIZE sprinkling systems, evaporated coolers and everything else that might freeze.  If the home is vacant, WINTERIZE plumbing and pipes and leave on some heat.

 

Everywhere we go, people want to know, “How’s the market?”  It is awesome and steady.  It is a great market to sell and buy!  It is difficult to predict if prices will continue to rise steadily.  “The Price is Not Quite Right” is an article in the same real estate magazine quoted above.  “Home prices are nationally the highest they have ever been–but adjust for inflation, and that story changes.”  “Adjusting for inflation, this “new peak” is still 15 percent below the high in 2006.  And the new peak isn’t the rule across the country–only 41 of the nation’s largest 100 metros saw home prices grow to new peaks, despite the fact that 97 of the 100 metros saw home price growth overall.”

 

In our Cedar City area, Iron County statistics show a 17.1% increase in closed sales in 2017 over 2016 in the latest published Utah Association of REALTORS Local Market Updates by County. The Median Sales Price has risen year to date (YTD) 18.7% to $189,900.  See attached report for details and for every county and the entire state.  Our local real estate market is great and is expected to continue.  Many homes are selling in all price ranges.  Some lots are selling and there is new construction.  Commercial and development land sales are not fast sellers but are selling.

 

Inventory is still low in our area.  Even more homes would be selling if available on the market. According to Lawrence Yun, NAR chief economist, the country is experiencing a big inventory shortage. More new construction would be helpful.

 

If you want to sell your home or any real estate in this market, top marketing is required.  Our Team is doing that for you as we aggressively market!  If your home or other real estate is not sold in 30 days, a market adjustment in price may be needed.  Please contact our Team today for a market overview and for hints as to how to prepare your home for showings.  Marketing, pricing and staging are all important for top dollar quickly which is what you want!

 

Please contact your Matt Bagley Team at 435-865-1019 at ERA Realty Center today for your free real estate consultation!  We want your realty dreams to become reality and we give top service and expertise to make that happen!  What are your questions? Concerns? You can also email bagleyteam@gmail.com or text or call Matt Bagley at 435-590-8788; Jennifer Corral at 435-559-0366; or Janet Naisbitt-Bagley at 435-559-7772.  We are your top Team!  What else can we do to always give you top-trained, experienced and professional expertise and service!  We love hearing from youUAR July 2017

Exciting News and 10 Top Selling Tips in This August 2017 Real Estate Newsletter Update From Your Matt Bagley Team

Exciting News and 10 Top Selling Tips in This August 2017 Real Estate Newsletter Update From Your Matt Bagley Team!

 

“This is an exciting time in the home mortgage market.  The economy continues to grow, jobs and wages are both up, and although interest rates are rising, rates remain very attractive for home purchase,” as reported in National Association of REALTORS (NAR) REALTOR Magazine July/August 2017 issue.  Loan products are available that improve the home buying process!  Buyers and sellers benefit from low interest rates and great loan products.  Lawrence Yun, NAR chief economist states, “The economy is in its seventh year of expansion.”  “Home prices have recovered as well.” Gratitude is how I feel about the real estate business and the real estate market.  It is awesome!  I hope it remains steady for many years!

 

10 Home Selling Tips That Attract Top Dollar Quickly:

 

1,  First and most important:  Your real estate team must have top technology, top service, top experience, top negotiating skills and top training!

  1. Ask to see your REALTOR team’s market plan. World wide advertising on line with many pictures is a must as well as local print ads.
  2. Hire a home inspector. It is very helpful to know up front what repairs need to be made to make the sale.  Ask for a list of inspectors.
  3. Ask your agent to give suggestions to help you make your home show perfect. Fix up, clean up, paint, declutter and throw away both inside and

out. Staging homes for sale is huge in attracting top dollar.  Buyers search by price and pictures and look for quality and upgrades.  Curb appeal

and how the home feels are of utmost importance.  A smell of freshly baked bread or cookies and seeing light and space go a long way in

creating that “I’m home” feeling that attracts buyers to make an offer.  It is best for seller to be out of the home.  Buyers can ask questions later.

  1. Make sure your agent includes many excellent pictures on line nationally and worldwide and in the Multiple List Service (MLS).
  2. Make sure your agent markets to other REALTORs as well as buyers. Your buyer may have a friend or relative in real estate, so you want all

REALTORs to know your home.  Ask if your home is on Wasatch Front MLS and Washington County MLS as well as Iron County MLS.

  1. Price your home with the current market! Ask your agent for a realistic value and to see past sales as well as current competition.
  2. Make your home available to show when the buyer wants to see it. Most buyers are out of state with time schedules.
  3. Remain politically neutral with agents and buyers. Politics can affect your sale. Be honest and genuine without contentious topics.

10.Be courteous and kind to agents and buyers even when mistakes are made.  They may be just the one to sell your home!

 

Latest available Utah Association of REALTORs statistics show continued real estate market improvement.  Closed Sales and Median Sales prices are both up significantly in Iron County with Iron County Median Sales Price being $189,900.  See attached “Local Market Updates by County” for more details and for information on all counties in Utah.  The Iron County Board of REALTORs graphs attached include “Current Market Analysis” for 4/1/2017 thru 8/8/2017 showing more homes sold than lots.  We do need more new construction to increase the low inventory of homes for sale in our area which would work to increase lot sales also.  The attached graph, “Residential Market Summary Report by Price” for the same period of time shows more homes in Cedar City and surrounding areas sold between $100,000 and $299,999 than any other price range.  The same graph shows 108 homes sold above $300,000 which proves homes are selling in all price ranges. Attached “Residential Market Summary Report by Area” shows how many homes sold in Cedar City, Enoch and etc.  The “Sold By Market Share” shows ERA Realty Center as top selling office.

 

Contact your Matt Bagley Team at 435-865-1019 or email bagleyteam@gmail.com for your free real estate consultation regarding staging, showing, pricing, advertising, or other concerns and questions.  We want to help you make all your real estate dreams turn into reality!  Text or call today Matt Bagley at 435-590-8788, Jennifer Corral at 435-559-0366 and Janet Naisbitt-Bagley at 435-559-7772.  Yes!  Janet is still in the real estate business and works as part of the Matt Bagley Team, who is her son.  This article is written by Janet Naisbitt-BagleyUAR May 2017 Stats

Hot July Real Estate Newsletter Update!

Hot July 2017 Hot Real Estate Market Newsletter Update From Matt Bagley Team

Wow! Real Estate sales are sizzling! Iron County closed sales are up 13.4% and the Median Sales Price is up 19.7%. See attached Utah Association of REALTORS Local Market Updates by County for more details and for statistics from every county. Our Real Estate Market is Awesome!

What about the summer forecast? To quote Economist Ralph DeFranco from DS News June 2017, “Hot markets will remain hot, with continued bidding wars for desirable properties. Home sales overall are strong, up slightly from last year even though there are fewer homes to choose from.” He continues, “Even a modest increase in mortgage rates will not derail this strong a market.” “According to the Spring 2017 Housing and Mortgage Market Review home prices aren’t dropping anytime soon.” It is our opinion that this national forecast matches our local market.

To quote from July 2017 DS News issue, Dr. Frank Nothaft, Chief Economist CoreLogic, “We expect a modest (less than 2 percent) increase in home sales in 2017 with single-family starts up almost 10 percent. The DS Journal also stated, “Younger Generation Shifts to Buying Instead of Renting;”

Not all experts agree; however, whatever the national predictions are, our local real estate is moving and the market is fabulous! I went to a closing today where the couple is absolutely thrilled to be moving here from Alaska! It is so delightful to help our clients find their happy home! That feels good! When I got back to the office, I learned there were 2 offers on one of our listed homes and maybe a third one on its way. Homes and land are moving when priced correctly and advertised aggressively! It is fun to be part of the excitement!

What else is needed for sellers to get top dollar quickly besides our aggressive advertising online and in print and their property priced competitively for the market? The home must be prepared for success! Remember what the famous home stager, Barb Schwarz, advises in “How to Stage Your Home To Sell For Top Dollar!” “The way you live in a home and the way you sell a home are not the same.” I have attended her training at ERA Real Estate National conventions twice–once many years ago and once a few years ago. She is great and so talented. Part of our service when we list your home is to help you prepare it to win! Call today for details. Many many pictures of your home go all over the country and all over the world online, in print, and to other real estate agents. We don’t know who your buyer will call, but our advertising will be the reason they call! We all want your home to be gorgeous to attract your buyer!

More news! The July/August 2017 REALTOR Magazine reports from National Association of REALTORS (NAR) research, “The economy is hanging in there and job growth remains solid, so markets are seeing an uptick in first-time buyers…” “Inventories remain low, though, so buyers are competing for a relatively small number of properties…” “The share of home buyers coming from the ranks of renters has steadily increased over the last three years, while the percentage of move-up buyers continue to slip.”

“Get a CLUE” in the REALTOR Magazine for 1st and 2nd quarters discusses the Comprehensive Loss Underwriting Exchange database (CLUE). “The CLUE report provides information on property insurance claims for the past seven years.” “It’s important to make sure the information in your CLUE report is accurate because an error could increase your insurance premiums or prevent you from getting coverage.” This is a good suggestion for sellers to get the report and check it out. Call your insurance agent. Buyers should also get this report to help them with their due diligence. Of course, buyers should also always have inspections also.

REMEMBER! To sell quickly at top dollar, you need our Team’s aggressive marketing that works both online and in print! You also need the right price and your home staged and prepared for success!

We want to help you turn all your realty goals into reality! Call our Matt Bagley Team at 435-865-1019 at ERA Realty Center for your free consultation on market pricing, preparing your home for sale, for our aggressive market plan that works, for answers to your problems and concerns and for help reaching all of your real estate goals! We even have a DVD that we can loan you to help you stage your home for top dollar quickly! 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 May 2017 Stats

June is Sizzling but not just the Temperature! June Newsletter Update!

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 bagleyteam@gmail.com 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!

april 2017 stats

The Matt Bagley Team May Newsletter Update!

The Matt Bagley Team 2017 Lively Month of May Real Estate Newsletter Update!

 

Utah Real Estate is in the news, and the news is awesome!  “What is all the buzz about Utah?” To quote DeAnna Dipo, Utah Association of REALTORs President, from the REALTOR Magazine First Quarter 2017, “Business in Utah is booming, and media outlets nationwide are recognizing our state as one of the best in the country.”  She quotes from Forbes Magazine that has named Utah as “The Best State for Business and Careers,” and CNBC for awarding Utah as the “Top State for Business.”  She mentions later in the article, “We are the second-fastest growing state in the country for business.”  She says “Our unemployment rate still remains low, at 3.1 percent, and our in-migration has seen a steady increase, according to the Kem Gardner Policy Institute of the University of Utah.”  We are blessed as a Real Estate Team to have the wonderful opportunity of helping people buy and sell homes and rental or investment properties in this great corner of the world in this exciting Southern Utah real estate market.  We get to help your realty dreams become reality!

 

All news can’t be good, so what is the bad news according to DeAnna’s article? It is that “Interest rates may increase to 4.5 percent.  But is that really so bad?  Some may remember interest rates as high as 18 percent.  That makes 4.5 percent not seem so bad; however, every slight increase can potentially eliminate a buyer from the market.”  I remember interest rates being 18% when I started my real estate career in January 1983.  The whole office had a party when they went down to 13%!  Just imagine!  DeAnna goes on to mention the shortage of homes for sale and rentals and the need for affordable housing.  We are experiencing that shortage of inventory very strongly in our Southern Utah area Real Estate market which is causing multiple offers and buyers who sometimes pay a little more than list price.

 

Iron County closed sales are up 22.9% year to date (YTD) according to the latest update available from the Utah Association of REALTORS (UAR) as compared to 2016.  The Median Sales price is up 21.3% YTD to $182,000 as compared to 2016.  Please see attached UAR Local Market Updates by County for more details and for all counties in Utah.

 

Iron County Multiple Listing Service (MLS) graphs are attached for 01/01/2017-4/27/2017 showing homes selling in all ranges in our area.  179 homes sold between $100,000 and $199,999, and 61 sold between $200,000 and $249,999.  Only 35 homes sold below $100,000, and 105 homes sold above $250,000.  Our market is definitely improving steadily and prices are on the rise.  It is still recommended to list at market value to get top dollar quickly.  Buyers search carefully online and tour the good buys.  Then they buy the best ones, so having a show-perfect home is an excellent way to attract an offer.  If a home is overpriced, there is a chance it will not get shown in spite of aggressive advertising.

 

According to the Iron County MLS statistics graphs, ERA Realty Center sells more of their own listings as well as more of other office’s listings than any other office in our area.  We are happy to continue as the top producer which has been the case for many years!  We are grateful to our clients and customers for this blessing and vote of confidence!  Our excellent aggressive marketing is successful both online and in print!

 

Homes continue as the big seller in our area.  We would be selling many more multiple units and rental properties to investors if our inventory wasn’t so low.  We do have lot sales and new construction.  Development land and commercial properties are selling but slowly and not many.

 

How do sellers make the most money when they sell?  1.  Price at market value!  2.  Make your home sparkle!  3.  Update, repair and fix up in advance!  Call  your Matt Bagley Team today for top service, expertise, experience and knowledge in pricing, staging and for names of inspectors and contractors.

 

Contact Matt Bagley 435-590-8788, Janet Naisbitt-Bagley 435-559-7772, and Jennifer Corral 435-559-0366, your Matt Bagley Team, at 435-865-1019 for your free real estate consultation at ERA Realty Center today or email bagleyteam@gmail.com.  We would love to help you reach all your real estate goals and to answer all your questions and concerns.  This newsletter is written by Janet Naisbitt-Bagley.

UAR March 2017

Spring Forward to Our Sunny April 2017 Matt Bagley Team Real Estate Newsletter and Enjoy It Now!

*Is our real estate market healthy? Southern Utah Real Estate market is strong and getting stronger! Iron County closed sales are up 25.2% year-to-date (YTD) February 2017 as compared to that same month 2016 according to the latest Market Updates available from the Utah Association of REALTORS (UAR). Iron County median price is up 28.9% YTD to $188,000. Wow! Typically, our market picks up in spring and summer, so 2017 is going to be one of our best years yet! We need more inventory; but with our still affordable prices and low interest rates, this is an awesome month to buy or sell! Please see more details and all counties in attached UAR Local Market Updates.

*What do current buyers want in their home? According to The Residential Specialist March/April 2017 magazine, 44 percent want homes with more than two bathrooms; 45 percent want a completely open kitchen-dining area; 32 percent want a home with a completely open kitchen-family room. This article titled “Getting Cozy” reports that 30 percent want a home under 1600 square feet and 15 percent want a home greater than 3000 square feet. Even if your home doesn’t quite match the above criteria, now is a good time to sell since home inventory is low and multi-offers are coming.

*What about lenders? In “Cutting Close” in the same magazine we learn, “Some lenders are now shooting for a 21-day turnaround to close home loans. That would be a major reduction from the current time-to-close, which hovers around six weeks.” That would be awesome if they do that. We shall see! Interest rates are still low, but they are rising. Lenders in our market are working hard and giving our buyers top service.

*What about service and advertising? Advanced technology is very important in today’s real estate world. The Matt Bagley Team and ERA Realty Center are keeping ahead of the game. I know of no one that advertises more aggressively online and in print. Your Team has top experience and expertise. Your highly trained Team gives top service and uses the latest tools of the trade! Please call for our market plan. It works! Our homes and properties sell!

*What about preparing the home to show? The article “Turned Off” in March/April Residential Specialist Magazine states that buyers hate foul odors, filth, clutter, personal taste, and shabbiness both inside and out. It is important that homes have fresh neutral paint inside and out and that they are deep cleaned and in top repair. Trading laminate counter tops for granite and adding new light fixtures really adds to the home’s appeal. New flooring is important. Trimming and cleaning up the yard and adding flowers can really beautify the home. Remember first impressions are of utmost importance. Call our Team for suggestions on staging and how to make the home attractive to buyers. We even have DVDs you can borrow! We want buyers to choose your property! If you have a lot or land, it is important to have it looking nice, cleared of weeds, etc.

*What about investors? They are looking for 2 to 4 unit properties, but those are difficult to find. They do purchase single family and twin homes sometimes when multi-units that they like are not available. There is some need for commercial and land, but not so much. New construction is an option.

*What about underwater properties? Foreclosures and short sales are very few and becoming rare. They are almost an item of the past–not quite.

“Is your sales price competitive with current market? If your home has been on the market for 30 days or more, it is time to call your Team and request a market overview. We can show you what homes buyers have chosen instead of yours and help you decide what to do to be more competitive to attract the next buyer. With so much information available on-line, it is rare that a buyer will pay more than the current value of the home. You wouldn’t pay more for a car in one lot than you could get it for on another lot either. They can look on line and compare all the home prices and see pictures too. Pricing your land or lot correctly is just as important as homes. We can give you information on what other similar properties have sold for and also show you other properties for sale competing with yours.

*What can your Team do to help you? Call your Matt Bagley Team at 435-865-1019 or email bagleyteam@gmail.com for your free real estate consultation. We are happy to answer all of your questions, concerns and give you updates. You can also call or text your Team at ERA Realty Center: Matt Bagley 435-590-8788, Janet Naisbitt-Bagley 435-559-7772, and Jennifer Corral 435-559-0366. We would love to hear from you. We are known as the top real estate team who cares and we would love to help you turn your realty dreams into reality! Please contact us today.UAR February 2017

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