The New Year is a great time to review the past, evaluate the present, and plan for the future. If you have any resolutions involving Real Estate I have the resources to help you accomplish your goals.
Review the Past
Year to Year Home Sales Statistics
The housing market follows seasonal trends. This resource gives you a quick month to month comparisson over the past three years. It includes a year to date sales number so you can see how many more homes sold in 2011 versus 2010 and 2009. These graphs are broken down by Salt Lake, Utah, Davis, Weber, and Tooele Counties so you can look at the data most relevant to your real estate needs.
This break down provides an in-depth look at the housing market right now. In addition to the number of homes sold per month you can see supply (inventory) and demand (under contracts). The inventory is broken down to current actives (total number of homes for sale) and new listings (number of homes that went up for sale during the month). The demand is also broken down. With short sales taking a long time to process a lot of homes get locked into contracts for more than 30 days. To give you an accurate picture we also show the number of homes that went under contract this month in addition to the total number of home currently under contract.
Evaluate the Present
The Crystal Ball applies all of these statistics to your home. By entering your address into the crystal ball it makes predictions about the sellability of your home. It also arms you with valuable market information: other homes on market in your area (supply/competition), as well as recent homes sold and homes under contract (demand). It also offers an average Months on Market, so you know what time-frame you may expect for your home to be on the market. This information prepares you to sell your home when demand is the highest.
The Market Snapshot is another useful tool for evaluating the value of your home. It is can also give you a sneak peak at an area where you are interested in purchasing a home. The snapshot shows a map of all the local homes for sale and homes that have sold. It shows average days on market, price range, and sales prices compared to list price. Market Snapshot can be set up to send you automatic updates each month.
Plan for the Future
Every month I crunch the numbers for you and provide a list of the top 5 ares and price ranges for selling homes. Based on the previous month, these are the areas and price ranges that will be hot next month. Timing is key and knowing when to list your home can make a big difference in how successful your home sale is.
This information is available to get you started and excited about your real estate opportunities. It is important to consult with an expert to help you interpret the data and apply it to your specific situation. You can contact me at Homes@utahdave.com or call toll-free 888-345-5682 to schedule an appointment for an evaluation.
The Year has begun, it is time to act.
What real estate resolutions have you made?
