September Real Estate By The Numbers

A little bit of information for my Birkdale and Birkdale Village followers! Whether you're interested in buying a home or selling your house, the current market is full of opportunity. Let's get together to explore your options!

Everybody Calm Down! This Is NOT 2008

Last week realtor.com released the results of a survey that produced three major revelations:

1. 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.
2. 57% believe the next recession will be as bad or worse than 2008.
3. 55% said they would cancel plans to move if a recession occurred.

Since we are currently experiencing the longest-ever economic expansion in American history, there is reason to believe a recession could occur in the not-too-distant future. And, it does make sense that buyers and sellers remember the horrors of 2008 when they hear the word “recession.”

Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in a recent interview:

“With people having PTSD from the last time, they’re still afraid of buying at the wrong time.”

Most experts, however, believe if there is a recession, it will not resemble 2008. This housing market is in no way the same as it was just over a decade ago.

Zillow Economist, Jeff Tucker, explained the difference in a recent article, Recessions Typically Have Limited Effect on the Housing Market:

 “As we look ahead to the next recession, it's important to recognize how unusual the conditions were that caused the last one, and what's different about the housing market today. Rather than abundant homes, we have a shortage of new home supply. Rather than risky borrowers taking on adjustable-rate mortgages, we have buyers with sterling credit scores taking out predictable 30-year fixed-rate mortgages. The housing market is simply much less risky than it was 15 years ago."

George Ratiu, Senior Economist at realtor.com, also weighed in on the subject:

“This is going to be a much shorter recession than the last one, I don't think the next recession will be a repeat of 2008...The housing market is in a better position.”

In the past 23 years, there have been two national recessions – the dot-com crash in 2001 and the Great Recession in 2008. It is true that home values fell 19.7% during the 2008 recession, which was caused by a mortgage meltdown that heavily impacted the housing market. However, while stock prices fell almost 25% in 2001, home values appreciated 6.6%. The triggers of the next recession will more closely mirror those from 2001 – not those from 2008.

Bottom Line

No one can accurately predict when the next recession will occur, but expecting one could possibly take place in the next 18-24 months is understandable. It is, however, important to realize that the impact of a recession on the housing market will in no way resemble 2008.

5 Reasons to Sell Your Huntersville HomeThis Fall

Below are 5 compelling reasons listing your home for sale this fall makes sense.

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase…and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply that is needed for a normal market. This means that in the majority of the country, there are not enough homes for sale to satisfy the number of buyers.

Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

Many homeowners were reluctant to list their homes over the last couple years, for fear that they would not find a home to move to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and simpler, as buyers know exactly what they can afford before shopping for a home. According to Ellie Mae’s latest Origination Insights Report, the time needed to close a loan is 43 days.

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you're planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that in the luxury or premium market.

According to CoreLogic, prices are projected to appreciate by 5.2% over the next year. If you’re moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage) if you wait.

5. It’s Time to Move on with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

Homeownership Will Always Be a Part of the American Dream

On Labor Day we celebrate the hard work that helps us achieve the American Dream.

Growing up, many of us thought about our future lives with great ambition. We drew pictures of what jobs we wanted to have and where we would live as a representation of a secure life for ourselves and our families. Today we celebrate the workers that make this country a place where those dreams can become a reality.

According to Wikipedia,

“Labor Day honors the American labor movement and the contributions that workers have made to the development, growth, endurance, strength, security, prosperity, productivity, laws, sustainability, persistence, structure, and well-being of the country.”

The hard work that happens every day across this country allows so many to achieve the American Dream. The 2019 Aspiring Home Buyers Profile by the National Association of Realtors (NAR) says,

“Approximately 75% of non-homeowners believe homeownership is part of their American Dream, while 9 in 10 current homeowners said the same.”

Looking at the number of non-owners, you may wonder, ‘If they believe in homeownership, why haven’t they bought a home yet?’. Well, increasing home prices and low inventory can be part of the reason why some haven’t jumped in, but that does not mean there is a lack of interest. The same report shows the increase in the desire to buy in the last year (as shown in the graph below):As we can see, there are more and more people each quarter who want to buy a home. The good news is, as more inventory comes to the market, more non-homeowners will be able to fulfill their dreams. Finally, they’ll be able to move into that home they drew when they were little kids!

Bottom Line

If you’re a homeowner considering selling, this fall might be the right time, as there are buyers in the market ready to buy. Let’s get together to determine how you can benefit from the pent-up housing demand.

8807 St. Brides Court - Sold for FULL Price by Roby Robertson

View the Tour

Great Birkdale Location! Sought after 5 BR, 3 full bath, beautiful, spacious home, hardwoods on main level, MBR suite/office, plantation shutters, crown molding, granite counters & tile backsplash in kitchen which has Center Island. All baths and laundry have recessed lighting and ceramic tile. Bedroom/Office w/full bath on main level. Awesome 16 x 20 covered patio with ceiling fan and skylights are out back for in recently fenced huge back yard. Home sits in less traffic on cul-de-sac and to top off all this it has a new roof and is freshly carpeted upstairs. A must see!

Thinking of Selling Your Home?   Low Inventory and Buyers are looking in Huntersville!    

See Also:  What is the deal with these Guarantee Offer Companies

 Never Pay 6% To List Your home again!

5 Reasons To Sell Your Huntersville Home This Spring

 Just Listed 8807 St. Brides Ct. In Birkdale.   Click on address for Virtual Tour.

 The American Dream of homeownership is alive and well. Before you sign another lease, let’s get together to help you better understand all your options. The Huntersville area including Birkdale, Birkdale Village and Northstone Country club are especially attractive areas to live. Let us show you all the benefits.

2 Reports That Say Now Is a Great Time to Sell Your Huntersville Home

Heading into the spring buying market, there are strong trends starting to emerge.

The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials and Generation X leading the way!

Let’s dive a little deeper into some of the recent reports that have been released and what they mean for the spring buying season!

1. National Association of Realtor’s Existing Home Sales Report

Sales of existing homes were down for the third consecutive month in January. Some of this can be explained by the natural seasonality that the real estate market experiences every year, and some can be explained even further by a lack of homes available for sale on the market.

Inventory

For the last eight months, the inventory of homes for sale has been higher when compared to the same month the year before. The challenge in the market is the mismatch of the type of home that is available for sale. First-time homebuyers looking for a starter home are often competing with other buyers to stand out, often outbidding each other.

Lawrence Yun, NAR’s Chief Economist, agrees that the market is still experiencing an inventory shortage.

“In particular, the lower end of the market is experiencing a greater shortage, and more home construction is needed.”

Home Prices

The median home price for homes sold in January was $247,500. This is up 2.8% from January 2018 and marks the 83rd consecutive month of year-over-year gains. The 2.8% growth in home prices represents the smallest year-over-year change since February 2012 but is a welcome change for buyers who had feared being priced out of the market.

Days on the Market

Properties that sold in January were on the market for an average of 49 days with 38% of homes on the market for less than a month.

Yun is positive about how today’s market conditions will help buyers this spring,

 “Existing home sales in January were weak compared to historical norms; however, they are likely to have reached a cyclical low. Moderating home prices combined with gains in household income will boost housing affordability, bringing more buyers to the market in the coming months.”

2. NAR’s Pending Home Sales Report

The national Pending Home Sales Index (PHSI) rose 4.6% to 103.2 in January from 98.7 in December. An index score of 100 is considered normal. All four major regions of the country experienced gains in January, with the largest increase coming in the South.

 “The PHSI is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.”

Increases in the PHSI often predict increases in the level of home sales in the coming months, which is great news for the housing market leading in to spring! Yun had this to say,

“Homebuyers are now returning and taking advantage of lower interest rates, while a boost in inventory is also providing more choices for consumers.”

Bottom Line

The housing market in 2019 will require homeowners to list their house at the right price to attract buyers. If interest rates continue to stay low while wages increase, and more inventory comes to market, 2019 could be one of the best years for home sales in recent history.

The Best Time To List Your Huntersville Home Is Today!

The Best Time to List Your House? TODAY!

You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still a severe shortage of listing inventory ...

Continue Reading

Roby Robertson - Never Pay 6% to Sell Your Huntersville Area Home!

Your Next Huntersville Agent - Birkdale - Birkdale Village Under Contract

As of March 21, 2018, there are currently 14 homes listed for sale. and 10 homes under contract.

The average days on the market for homes under contract is 36 days.  This is a fantastic number.

The average days on the market for homes that are showing Active is 35 days.

All these numbers point to a great Sellers Market!

Two important things we do ( not all that we do )
We pay for professional photography.
We Pay to have the home professionally measured ( this important for yours and my liability)

Want to see what homes are selling for?   Just reach out and we will send you that info with no obligation.

Happy Thanksgiving From Your Next Huntersville Real Estate Agent

I hope everyone has a very Happy Thanksgiving and if you are traveling, I hope it safe and stress free! 

Please come back often and if I can ever help you out, please don't hesitate to ask!

Roby

Your Next Huntersville Agent - What We Do For Buyers

According to Realtor.com, a buyers agent performs the duties listed below., HOWEVER there is much more to it than these and we provide these and much more!

1. Find the right property. After determining what clients are looking for and what they can afford, the agent will schedule appointments to tour homes that fit the bill. The agent can also explain the ins and outs of various properties and neighborhoods to help buyers decide which home is right for them by explaining the pros and cons of various options. 
2. Negotiate the offer. The buyer's agent will advise clients on an appropriate price to offer and present it to the seller's agent. "Then they will negotiate on your behalf and write up the contracts for you," says Matt Laricy, a Realtor with Americorp Real Estate in Chicago. This is where the agent's experience in negotiating deals can save you money and help you avoid pitfalls like a fixer-upper that's more trouble than it's worth. 
3. Recommend other professionals. A buyer's agent should also be able to refer you to reliable mortgage brokers, real estate attorneys, home inspectors, movers, and more. This can also help expedite each step of the process and move you to a successful sale all the faster. 
4. Help overcome setbacks. If the home inspector's report or appraisal brings new issues to light, a buyer's agent can advise you on how to proceed, and then act as a buffer between you and the sellers or their agent. If negotiations become heated or hostile, it's extremely helpful to have an experienced professional keeping calm and offering productive solutions.

Your Next Huntersville Agent (Check out other Videos) - Happy Thanksgiving

I hope everyone has a Fantastic Thanksgiving and Holiday Season.  We have dropped off flyers as a reminder to check out this website for good real estate information.  If you are thinking of selling, check out the links under the 'Sellers' Menu option.

Thanks

Roby Robertson

Your Next Huntersville Real Estate Agent - Sellers Disclosure

In Real Estate circles the we have a phrase that we emphasize to our sellers.  It is actually very simple.  It is 3 words and they repeat!  DISCLOSE, DISCLOSE, DISCLOSE.

In reality we live in a litigious world and the best way to protect ourselves is to disclose what defects are aware of when we list our homes for sale.

Recently, I had the unfortunate experience of listing a home of a long term client where a family member recently ended his life by hanging.  While, it was very very sad, I had to know if this has to be disclosed to buyers.

The laws vary by state but on NC there is a published document entitled 14 Facts you Do Not Need to Disclose wen selling! You can read the article here.

If you want to learn more about disclosure, please read the article on Realtor.com entitled: Learn These Basic Rules of Seller Disclosure So You Don't Get Sued

Awesome Birkdale Village Home For Sale

Call our 24 hour Hotline for additional information: 844-334-2345 and use ID 8011

8621 Camberly Rd.  Huntersville, NC Virtual Tour
Awesome home in highly desirable Birkdale Village. Amazing outdoor area with pool, covered deck and fenced yard. Master on upper level with 2 spacious bedroom and a bonus room/4 bedroom. Sunny breakfast room, huge great room and kitchen with stainless appliances and solid surface counter tops.

Walk to Birkdale Village Shops and play golf at Birkdale Golf Course.  What more can you ask for?

Offered by Carolina Living Real Estate:

704-594-3014

Thinking Selling your home?  Ask about our creative commission strategy!

Birkdale and Birkdale Village Stats Since 8/1/2013

Your Current Statistic for Birkdale and Birkdale Village since 8/1/2013.

Active

There are currently 20 homes for sale with 19 of them being in Birkdale.

The Average price is $359.280.   High price is $650,000 and Low Price is $215,000.

Sold

39 homes sold during this period.  

Average Sold Price $318,759  - Average Sold Price to List Price is .969% and Average Days on the market is 79 days.  The shortest time on the market was 3 days and longest is 276 Days.

Under Contract

There are currently 6 homes under contract with the average list price of $337,217 and the average days on the market of 88 days.

Selling or Buying Your Birkdale and Birkdale Village Home

Good Morning, Does the video below remind you of anyone? If so, please call Roby Robertson at 704 451 7051 and see what he can do for you! Marketing, Commissions and Communication are important discussions topics.
Are you buying?  Getting no help?   Call me!

 

Homes ARE Selling In Birkdale And Birkdale Village

Birkdale and Birkdale Village Home Sales

Upon review of home sales in the Birkdale and Birkdale Village for all of 2011 up to the end do August, we found that 58 homes have sold in these communities.

Of the 58, 43 have sold in Birkdale
Of the 58 15 have sold in Birkdale Village.

We found that the average days on the market was 119 days.

The average sold price is $338,118 and the average sold price to list price was 95%.

However, compared the same period in 2010, we are behind.

Last year during this period the number of homes sold in the Birkdale area was 123.

86 of these were in Birkdale
37 in Birkdale Village

Average days on the market was 125
Average Sold Price to List price Percentage was 95%
Average sold price was $328,557.

Birkdale and Birkdale Village Statistics April 2011

Homes For Sale in Birkdale and Birkdale Village

• 52 homes are for sale in Birkdale and Birkdale Village.
• 13 of these homes are under contract and in Active Due Diligence or Conditional Status. This means that the buyer is either waiting on loan confirmation or doing the inspections etc.
• 17 of the homes are in Birkdale Village
• 35 of the homes are in Birkdale
• Of the Birkdale Village homes the averages are: 156 Days on the Market and List price of $275,200
• Of the Birkdale homes the averages are: 124 Days on the Market and List price of $378,383

Birkdale and Birkdale Village Sold Homes

• 21 homes have sold.
• 6 of these homes are from Birkdale Village
• Of the Birkdale Village homes the averages are: 54 Days on the Market and List price of $238,666
• Of the Birkdale homes the averages are: 128 Days on the Market and List price of $339,506

Birkdale and Birkdale Village Homes For Rent

• 2 Homes are currently for rent and both are in Birkdale ( 1 for $1600 and one for $1800)
• 6 homes have rented since 1/1/2011, all in Birkdale with an everage lease price of $1540

Birkdale and Birkdale Village Statistics Feb 2011

Birkdale and Birkdale Village Homes For Sale

As of 2/20/2011, there are 42 homes for sale in the Birkdale and Birkdale Village Subdivisions.  Additionally there are 7 homes currently under contract.

Of the 42 active homes for sale, 32 are in Birkdale and 11 are in Birkdale Village.

Of the 7 homes under contract, 5 are in Birkdale and 2 in Birkdale Village.

Of the Birkdale homes, the average days on the the market is 132. 

Of the Birkdale homes, the average sales price is $373,112.

Of the Birkdale Village homes, the average days on the the market is 185. 

Of the Birkdale Village homes, the average sales price is $280,030.

There are 4 homes currently for rent in Birkdale and Birkdale Village.

3 of these are in Birkdale Village with an average rental price of $1350.

Check out YourCharlottePropertyManagement to see all the area Rentals.