Wednesday, September 15, 2010

WE'RE BACK! Not a "BAD" Market

Finally, back in our original building. It felt like it was longer than 3 months that's for sure.

The perception out in Brooks is a struggling market. The truth is that it hasn't been as exciting in years past but the market is still doing just fine. The unfortunate part of this type of market for a real estate agent tends to be the "bearer of bad news" syndrome. In the past we were able to give news of profits and built equity - now....not so much. This doesn't translate into less sales - it translates into a "I don't like this market" - which than translates to "this is a bad market".

Bottom line, price your home right and it will sell in a very reasonable amount of time.

So far in 2010 there have been 122 homes sold and just over 300 listed in the City of Brooks alone. That means when you list your home you have a 39% chance to actually sell it.

86 of those 122 homes sold had garages. That means your chances to sell your home jump to 50% chance if you have a garage.

60% of the 122 homes sold were over 1100 square feet.

There is currently just over 150 homes for sale in the City of Brooks. 80 have garages and 93 are over 1100 square feet.

Sales are up 19% in the subdivision of Uplands year to date, compared to 2009.

Ingram Park sales are up over 60%, however, the average price in Ingram Park has fallen over $30,000.

After all that, its not a "bad" market, in fact, for RE/MAX Main Street Realty it is our 3rd best year transactional/volume wise in the last 10 years. There is, however, bad news in the market (ie "your house isn't worth as much as you had hoped")

Statistically, your home can sell - it must be priced right and I would recommend a real estate agent that understands the market and can use the statistics to their advantage.

....Did I mention - I'm a real estate agent? Give me a call I would love to talk real estate with you and show you how I can sell your home.

Brad Stolson
403.-793-3776
Broker

RE/MAX Main Street Realty
www.stolsonsells.com
www.homesbuybrooks.com
www.rentbrooks.com

bradstolson@remax.net

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