sellers market

How To Compete Responsibly In A Competitive Market

The first three months of 2019 have demonstrated that we are still in a competitive active market.  Since January, off-water homes in the Huntsville area have sold for an average sale price of $394,780, averaging 67 days on market and selling for 98.59% of list price. 96 new listings entered the market with 75 sales over those three months.  The inventory we gain, doesn’t stick around.   So how do you, as a buyer, compete responsibly in this type of market?   Buyer Strategies…and it’s not always about price Know the market, shop and compare prices of similar properties. Have…

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Market Pulse & Trends 2017 vs 2018

What was the impact of low inventory, stress tests and the rise of interest rates on the Huntsville/Lake of Bays Real Estate Market?   Buyer Demand Compared to 2017, we experienced lower inventory in both the Residential Market and the Waterfront Market. Buyer demand in both markets remained evident, despite the introduction of the nationwide 'stress test' in January 2018 and the forecasted interest rate increase. Steady buyer demand resulted in the continued high list to sale ratio and fewer days on the market.  Differences in List to Sale Ratio and Days on Market (DOM) for 2017 vs 2018 were nominal. Annually we saw an increase in average sale…

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