Needless to say business has been very busy! And we want to thank all our loyal clients for their referrals. We really do appreciate when our client's go out of their way to tell friends and family about us. After all, don't you want your friends and family to have the same positive selling or buying experience?
As you will see the market has been steady. The same trends that we are going to discuss hold true for Montgomery & Philadelphia Counties as well. We are going to compare the statistics for January 2015 - July 2015 to January 2016-June 2016. Then I am going to offer you our insight and the trends we are seeing off the paper.
Listings on the rise in March.
Each year in March, we see the number of seller's listing their home rise because the spring market actually begins in March. And why is that? Well think about it. Home buyers with children want to move once school is over and school is over in mid June, making March the ideal time to start looking. Homes Pended begin to rise as well in March and peak in June typically each year. June and July are historically the months for the most closings. Homes being listed begin to drop slightly in June & July because everyone is ready for vacation.
Interestingly enough we saw less seller's putting their home on the market in 2016. However, the units sold in 2016 are higher than 2015 during the same time period. This illustrates the trends we are seeing. There are more buyers out this year than in previous recent years. There is much more competition for nicer well maintained homes. Desirable homes are selling with multiple offers. We have had multiple buyers this year lose out on a few homes because their were multiple offers on the property and the seller took another offer. Multiple offers can drive the price of a home up. This is making home appraisals more challenging. Appraiser's are keeping the market in check this time around being careful not let the market artificially inflate.
So what does this mean to buyers and sellers?
If you are a seller it is a great time to sell! There are a lot of buyer's out there. Price the home right and you have a good chance of getting multiple offers. If you are a buyer, be prepared for a low inventory. If a home comes on the market that you like, go see it right away. Don't wait. Put an offer in, and don't low ball the seller because there maybe a few other buyer's behind you ready to make a fair reasonable offer.
It is our goal to continue to grow our business through helping and educating our clients. If you have a market question we are happy to offer our insight.
If you are in the market for an Expert Realtor Contact us at (215) 757-7257 or TheSwainTeam@gmail.com and we will setup an appointment with you and review your needs.
Our Coming Soon Campaign is most highly noted for netting the seller the most money possible. Yet, it can be used in other ways as well. For instance, The Swain Team went out to meet with sellers who had their home listed with numerous agents previously. They were tired of the stress of showing the home, but would only sell if they got X amount of dollars. They were adamant to us that they only wanted truly interested clients to come through the home.
So we recommended to them our Exclusive Coming Soon Campaign. With the Coming Soon Campaign we were able to list their home on several websites as “Coming Soon.” We had multiple inquires on the home! And got several truly interested buyers through! And we sold it before it hit the market! The stress of showing the home was eliminated!
We had a buyer come through who had their home sold who needed to purchase. They fell in love with the home. Since, the home hadn’t hit the market yet….the buyers came up with a full price offer! Basically giving the seller everything they were asking for. So not only did they net TOP DOLLAR but it also took the stress of showing the home away for the homeowners!
All because we CREATED DEMAND for the home.
The bottom line, is that each coming soon we market creates unique opportunities that no one is able to foresee. Ever sellers needs and wants maybe different but there is no denying that the coming soon opens many doors. It pays to hire expert Realtors with Innovative Marketing Techinques!
More Inquiries = Higher Demand
High Demand = Highest Selling Price
High Demand = Seller's in control of Negotiations.
Contact us at (215) 757-7257 or TheSwainTeam@gmail.com to learn more about our Exclusive Coming Soon Campaign. Request a Room by Room to prepare your home in advance and help create that demand. Or Attend our next Home Selling seminar in September. Look for details coming out soon. We speak in depth about the Coming Soon Campaign at the Home Selling Seminars.
Coming Soon....June 2016