Well, the sales stats are here again and Livingston County has seen another dip. While April ’07 saw more sales than April ’06, the number of May ’07 sales were down 23.5% from May ’06. Sales volume was down 34.3% from one year ago and the average sale price dropped from $252,283 to $216,663.
So where’s the positive spin on this bit of news?
As we’ve mentioned to our clients before, the market only affects those who are currently IN the market. If you’re not in the market, think of it as a stock that you plan on keeping. The two numbers that matter most are what you paid and what you eventually sell for. That stock could fluctuate $50 a share tomorrow (positive or negative), but it really doesn’t matter unless you sell it tomorrow.
If you are in the market, most likely you are both selling and buying. Your current home may have dropped it’s value in the last 2 ½ years, but so did the home you are looking to purchase. This market is perfect for move-up buyers and first-time buyers. They see the most value in their purchase in a softer market.
Ultimately, we give all potential clients a comprehensive analysis of their home, situation and needs. Some decide to move and others are not willing to price competitively enough so the market will absorb the property. Either choice is appropriate depending on the situation. Some of our seller clients have decided to sell because their dream next home is now in their price range.
Please let us know if you would like an analysis of your situation. We can be reached at frontdesk@buckleyjolley.com or 810-229-7000.
So where’s the positive spin on this bit of news?
As we’ve mentioned to our clients before, the market only affects those who are currently IN the market. If you’re not in the market, think of it as a stock that you plan on keeping. The two numbers that matter most are what you paid and what you eventually sell for. That stock could fluctuate $50 a share tomorrow (positive or negative), but it really doesn’t matter unless you sell it tomorrow.
If you are in the market, most likely you are both selling and buying. Your current home may have dropped it’s value in the last 2 ½ years, but so did the home you are looking to purchase. This market is perfect for move-up buyers and first-time buyers. They see the most value in their purchase in a softer market.
Ultimately, we give all potential clients a comprehensive analysis of their home, situation and needs. Some decide to move and others are not willing to price competitively enough so the market will absorb the property. Either choice is appropriate depending on the situation. Some of our seller clients have decided to sell because their dream next home is now in their price range.
Please let us know if you would like an analysis of your situation. We can be reached at frontdesk@buckleyjolley.com or 810-229-7000.
.jpg)
0 comments:
Post a Comment