In August 2013 business was booming for me. Suddenly, within weeks of the government shut down, it was like someone had put the breaks on and home sales came to a screeching halt. The buyers dried up and sellers' homes were just sitting on the market. Just a week before the listing I had were receiving multiple offers and my phone was ringing off the hook with buyers. Melinda Debus with Wallick & Volk is reporting that pending home sales went up 0.2% in November. I spoke to many agents and none of us felt the increase. Not the best way to close out a year, but overall 2013 was really good year.
I consider myself an optimistic person and have confidence that in 2014 we are going to see a market that settles down and has some stability. A market where we will see more regular sales of homes and fewer short sales and bank owned homes. A market where buyers will purchase homes, at a price, within a few percent of the list price of a home. No more paying well above asking price or getting homes drastically reduced below list prices. Kristena Hansen, of the Phoenix Business Journal, predicts that we will see increase of 6 or 8 percent. I personally think these types of increases a sign of a more stable market and am looking forward to a wonderful 2014 for all of us!
Happy New Year!
If you have any questions or real estate needs please feel free to contact me.