Janet Naisbitt-Bagley

ERA Realty Center, Cedar City, Utah

Archive for the tag “iron county board of realtors”

I hope you enjoyed a wonderful Valentine Day, and I hope your 2013 is the best year!

2013 should be a great year for Real Estate in Cedar City and surrounding areas. Continued improvement is noted in the most recent Utah Association of REALTORS (UAR) “Local Market Updates by County.” It usually takes UAR a couple of months to compile the data, so the attached December Update is the most current that we have received. Closed sales were up year to date (YTD) in 2012 as compared to 2011 in most counties. The Median Sales Price was also up in most counties YTD in 2012 as compared to 2011.

The Iron County Board of REALTORS 2012 sales graphs have been completed and are also attached for your information. The graphs include all of the2012 sales for all of the real estate offices in the Iron County Board of REALTORS. The huge majority of homes sold in our area under $200,000.

I just received the “News and Strategies for The Evolving Mortgage Market MReport February 2013” Magazine. There is an interesting article titled, “Stability a Sure Thing for Investors in 2013.” The article starts out, “A new report from Neuberger Berman Group LLC indicates that 2013 will be a year of greater stability and a reduction in uncertainty and volatility for investors.” Further on in the article is a quote from Joseph Amato of Neuberger Berman, “Although there are continuing issues, we now have some confidence that we’ll get more stability in 2013, and that should present outperformance opportunities.” This is very positive news for the real estate market in 2013.

We are seeing some signs of new life with the Playhouse being torn down to make room for a new $ store. We are seeing more new construction starts. The news is that a new roofing company and a Medical Facility are in the works which should help the real estate market and job availability here.

The 4 factors to have the winning edge to make sure your property is marked sold:
1. Aggressive marketing: You are receiving worldwide marketing! We know of none better!
2. Price: Please call today to discuss recent sold comparable properties to see if an adjustment is needed in market price to ensure you have the competitive edge to attract buyers.
3. Show Perfect: Please call today to discuss how to make sure your real estate shows well to attract an offer from buyers when they see your property.
4. Make your real estate available for showings upon request.

#1 is the factor that is our job, and I do not know of anyone that markets more aggressively than the Naisbitt-Bagley Team. The remaining 3 are very important also and are in the control of the seller. Please call the Naisbitt-Bagley Team at 435-865-1019 for your free consultation or email naisbitt@infowest.com or call toll free at 800-934-3742. Check http://www.homesincedarcity.com.

Janet Naisbitt-Bagley’s November 2012 Newsletter! Wishing You a Happy and Grateful Month!

REMINDER:  ARE YOUR UTAH PROPERTIES WINTERIZED?  Frozen pipes inside or out are no fun!

The Quarterly Graphs for all the Iron County Board of REALTORs Multiple Listing Service (MLS) are attached for your review.  Real Estate is selling in our area, and ERA Realty Center remains #1!

Attached also are the latest Updates from the Utah Association of REALTORS (UAR) for closed sales and median price ranges.  Please check the counties in which you have interest.

Steve Florio of ERA Mortgage recently sent an interesting email with information from the Pending Home Sales Index (PHSI) maintained by the National Association of REALTORS (NAR).  According to a quote from his Email, “Pending home sales have increased on an annual basis for 17 straight months and the year-over-year increase last month were consistent across the country where all regions showed annual increases; in three regions those changes are in the double digits.  The PHSI is a forward-looking indicator measuring contracts for home purchases.  Signed contracts are generally expected to close in 60 to 90 days.”  This is good news for the national real estate market in my opinion.

Another quote from Steve’s email reports, “NAR is predicting that existing home sales will increase 10 percent in the fourth quarter of 2012 and 8.7 percent in 2013 to an annual total of 4.64 million units in 2012 and 5.05 million in 2013.  The Association also expects housing starts to rise by 45.3 percent in 2013.  The national median home price is expected to increase 6 percent this year and 5 percent in 2013 due in part to tightening inventories.”  It will be exciting and fun to see if these predictions prove true.

Steve Florio mentions in the email that some industry experts predict falling interest rates and some predict an increase in rates, but ”53% forecast that mortgage rates will remain more or less unchanged”  I think that it’s nice to know what the experts predict, even though there is no way to know for sure.

Our local real estate market is still bargain-driven.   Homes are selling in all ranges when priced correctly.  More homes are selling in the lower price ranges and continue to attract multiple offers.   Multi-family and single family home investors are back in the market due to low rates and prices.  Lots, land and commercial properties attract very few buyers since it is difficult to get financing and appraisals to support new construction prices.  We are seeing new construction but not developers.  Buyers with improved credit after foreclosures and short sales in years past are now returning to buy homes.

Janet’s  marketing continues to be aggressive.  I do not know of anyone marketing more aggressively.  Homes still must be priced correctly and show well in order to sell.  Please call for a consultation today to see if your property needs a market reduction in price or suggestions for a face-lift.  If we do not hear from you, we will assume you want us to continue to market at the price you set.

I hope this newsletter is helpful and informative.  It replaces our phone call updates.   Please call Janet’s team at 435-865-1019 or email naisbitt@infowest.com whenever you like with all concerns, problems and questions as well as to discuss the market.

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