The Judy Niemeyer Team Blog

A Letter To Our Clients:

Finally, we are at the end of the first quarter of 2008.  As most of you know, 2008 has been a very unusual year for real estate.  We are plagued with a horrible media that is focused on doomsday.  It is also a leap year, an election year and the holidays kill our momentum. 

However, the facts remain the same, now is the best time to buy real estate.  Our interest rates are fantastic.  The Baldwin Association of Realtors is spending money advertising to make buyers aware that now is the time to buy. 

For our sellers, our activity is picking up, but still off from last year.  People are slowly getting back into the market.  Most of the buyers today go to the Internet to make their search.  Once the search is made, the buyer identifies the neighborhoods.  Upon locating the property, buyers call an agent to set up appointments. 

As you know, our team focuses on all price ranges.  In fact, our listings range from the mid $100’s to just below $3,000,000.  All markets have been affected by the slowness in the market.  Please do not think it is just you.  But I think that in the next few months, buyers will wake up and take advantage of the great inventory we have. 

Let’s look at the statistics for our market since the first of January 2008:

Comparing the two years, the average list price in 2007 was $304,694, with a sold price of $293,111; while in 2008, the average list price was $310,345, with a sold price of $292,341.

THE SECOND QUARTER WILL BE BETTER.  As always, with any questions, please call us.

Judy

Judy Niemeyer
The Judy Niemeyer Team