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www.StGeorgeHomeScene.com
MORE STATS & AREA NEWS
Number of Active, Sold Listings vs
Inventory
Robert
Shiller, Yale Economist, American Housing Index from
1890
CURRENT THREE MOST IMPORTANT WORDS IN REAL ESTATE
TODAY!
If you said
"Location, location, location" you are using past terms.
Today it is:
"Price, price, price."
Buyers are looking
at and buying "bargains." They are very price
conscious.......probably more so than they have been for many
years....possible since the 80's. If you have your home for
sale today and you are not ready to consider and worth the harsh
realities of our current market, you might consider taking your home
off the market and listing it later when the economy is better and
prices are on the increase again.
It is true that more homes were sold in April in the Greater St
George, UT area - 188 compared with 147 last month and 150 in
April of 2008. Homes that are selling present value to
the buyer.....great price and great potential that its value will
increase in time. Our local home market seems to be "coming
back." More lots were sold last month than in recent
previous months. (See our
present home inventory). However, our "recession" is not
over yet and many are predicting it may get worse.
It may be time to face the harsh reality of the economy and if your
home isn't selling and you really don't have to sell it -
take it off the market for now. If you have a good
reasons to sell: smaller home, larger home, moving out of
area,
or your lowered income and/or foreclosure, do face the facts and
find an agent who will price your home competitively,
market it effectively, and help you move on.
Your home needs to be the
(1) best priced,
(2) in the best condition,
(3) in a desirable location
and
(4) easy to show
to attract the right buyers.
We have a real estate market with still a
large supply of homes + plus the best interest rates and incentives
we have had in a long time.....so that is the good news.
Sellers who have an attractive home and is realistically priced will
find a buyer
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