At Realty World Valley Properties, LLC its all about helpingpeople, peoplelikeYOU.
MEMBERS
"BUYERS MARKET???" WE ARE IN IT (slightly)!!! NOTICE: A buyer's market is indicated by a significantly diminished number of sales in a given time period. Usually, this will command a lowering of asking prices for real estate properties in that market; thus the term "buyer's market". However, an important fact to remeber is that the same term will vary in meaning, in different markets. A market that has had "BALLOON" type pricing in its past, will have a greater tendency to have larger percentage to price reductions; than an area that has NOT experienced those "balooning" prices.
ALSO, within any geographical area there are sub-areas that are moving oposed to the "general" trends. This is exactly why the use of an experienced REALTOR is such an asset; when either selling OR buying real estate.
Whether you are facing medical, legal, realty, financial or other important decisions, it is always best to talk with someone who has particular knowledge and experience in that field.
Whether you are selling or buying....
These are the times when EXPERIENCE AND KNOWLEDGE makes the BIG DIFFERENCE!!!!!!!!!!
April 29, 2008: TODAY'S INFORMATION, SUPPLIED FROM THE GREATER MCALLEN ASSOCIATION OF REALTORS, INDICATES THAT WE HAVE A 467 DAY SUPPLY OF RESIDENCES AVAILABLE WHEN COMPARED TO RECENT SALES RATES.
11.8% OF THOSE RESIDENCIAL PROPERTIES AVAILABLE, ARE "REO" (REAL ESTATE OWNED) PROPERTIES. THESE ARE PROPERTIES THAT ARE OWNED BY CORPORATIONS. MOST OFTEN THIS INDICATES PROPERTIES THAT HAVE BEEN FORCLOSED.
Multiple Listing Service Residential Information; reported on 4/29/2008. (This information is not totally adjusted and maintained by GMAR on a daily basis.)
Total new listings: 1/1/2007 to 4/29/2007, 1,365 Total SOLD: 1/1/2007 to 4/29/2007, 850 RATIO of SOLDS / NEW LISTINGS: 62.27%
Total new listings: 1/1/2008 to 4/29/2008, 2,347 Total SOLD: 1/1/2007 to 4/29/2008, 769 RATIO of SOLDS / NEW LISTINGS: 32.77%
WHAT DOES ALL OF THIS INFORMATION MEAN???????????
It means that the competition you have, to sell your home, has about doubled compared to the same time period as last year (see RATIOS above). Therefore, to induce buyers to purchase your residence the pressure to lower your asking price CAN BE greater.
We have had a lowering of TOTAL RESIDENTIAL SALES.
THIS MAKES FOR A "BUYERS MARKET".
EXPERIENCE AND DEVELOPED NEGOTIATING SKILLS ARE ALL IMPORTANT DURING TIMES LIKE THIS!
CALL US FOR HELP IN YOUR PURCHASE OR SALE.
Comparing January 1 to April 29 time periods for the years of 2007 and 2008: SALES #'s are down 9.53%, DOM are down 6.21% Total Units SOLD: 1/1/2007 to 4/29/2007, 850 units Total Units SOLD: 1/1/2008 to 4/29/2008, 769 units Total Dollars SOLD: 1/1/2007 to 4/29/2007, $104,064,046 Total Dollars SOLD: 1/1/2008 to 4/29/2008, $085,610,163 Avg Sales Price: 1/1/2007 to 4/29/2007, $122,428 Avg Sales Price: 1/1/2008 to 4/29/2008, $111,617 Avg Days On Market: 1/1/2007 to 4/29/2007, 145 days Avg Days On Market: 1/1/2008 to 4/29/2008, 136 day
12 months SALES #'s for years of 2006 & 2007 Total Units SOLD: 1/1/2006 to 12/31/2006, 2578 units Total Units SOLD: 1/1/2007 to 12/31/2007, 2620 units Total Dollars SOLD: 1/1/2006 to 12/31/2006, $332,535,245 Total Dollars SOLD: 1/1/2007 to 12/31/2007, $339,675,465 Avg Sales Price: 1/1/2006 to 12/31/2006, $128,990 Avg Sales Price: 1/1/2007 to 12/31/2007, $129,845 Avg Days On Market: 1/1/2006 to 12/31/2006, 138 days Avg Days On Market: 1/1/2007 to 12/31/2007, 143 days
TOTAL SALES FOR THE FIRST 12 MONTHS OF LAST YEAR SHOW A SMALL % INCREASE OVER THE SAME TIME FOR THE 2006 YEAR; DUE TO THE STRONG START DURING THE BEGINNING OF LAST YEAR.
DURING THE FIRST 4 MONTHS OF 2008, THERE HAS BEEN AN INCREASE IN NEW LISTINGS ON THE MARKET. THIS IS APPARENTLY DUE TO BUILDERS RELYING ON REALTORS MORE, TO SELL THEIR INVENTORY OF HOMES.
If selling your real estate is your desire, we can assist you by being your REALTOR Listing (Seller's) Agent. We have 750+ LICENSED REALTOR Agents and Brokers, in the McAllen-Mission-Edinburg-Sharyland Metroplex, and Hidalgo County, to help us sell your properties!**
If you are looking to purchase real estate, we can assist you by being your REALTOR Buyer's Agent. We have over 2,900 Residential Properties to move you into, and over 1500 Lots available to build your dream home on; all listed in the Multiple Listing Service.*
Call us and let us review with you how we can help you save dollars in this market. Our experience , combined with our proven negotiating skills can make a BIG difference in your next real estate transaction; wheather you are buying, selling, or investing, in land, residential or commercial market.
"Let us put the POWER of our BILLION DOLLAR NAME to work for you." A name that has been highly recognized since 1973.
Representing real estate Buyers and Sellers in the McAllen-Mission-Edinburg Metroplex and the surrounding Rio Grande Valley area, is our main focus. We serve buyers and sellers for Luxury homes, new homes, all homes, condos, townhouses, residential condominiums, Forclosures, Avoid Forclosure*, REO properties, Short Sales, Upside-down mortgage, HUD properties, commercial condominiums, commercial properties, offices, investments, 1031 IRS tax program, land, acres, subdivisions, acreage, orchards, and property management. At Realty World we know that it takes a lot to buy or sell your property. * Avoid Foreclosure!!! Behind on payments? Save your Credit. Fast Cash & Closing. No Equity, No Problem. We can help. Call today! Contact us at: 956-661-1409, 866-511-5500, info@welcometorgv.com
"The Right Agent Makes All The Difference In The World"
IF YOU WANT IT, WE WILL WORK HARD TO ARRANGE IT! AFTER ALL, WE ARE: REALTY WORLD!!!! _____________________________________________
Serving you in the McAllen-Mission-Edinburg-Sharyland Metroplex, and Hidalgo County, Luxury, Residential, Commercial, 1031 Tax Exchange, Acreage, Building Lots, and all other phases of real estate. We have the EXPERIENCED LICENSEDREALTOR Listing Agents & Buyer Agents that you will want to have working for you. Click on a Logo to go to that website.
Remember, we have 720+ LICENSED Agents and Brokers, in the McAllen-Mission-Edinburg-Sharyland Metroplex, and Hidalgo County, to help sell your properties!
Thanks for stopping by our website. Be sure to check out our homes for sale, free reports, and community information; provided by Realty World - Valley Properties, LLC's team of experts.
ALSO remember
"The Right Agent Makes All The Difference In The World" "The Right Broker Makes All The Difference In The Agent!"
Our Motto: "GOD-Family-Country-Labor"
Realty World - Valley Properties, LLC 3103 W Alberta, Ste B, Edinburg, TX 78539 Office:(956) 661-1414, Fax:(956) 661-1417, Toll Free:(866) 511-5500 LICENSED TO ASSIST YOU IN YOUR REAL ESTATE ACTIVITIES IN THE STATE OF TEXAS MEMBER: Greater McAllen Association of REALTORS (GMAR) *(GMAR stats. April 25, 2007), **(GMAR stats. November 7, 2007)
If you find mistakes, I'm NOT responsible. O.K. I AM!!!!!!!!!!!!!!!!!! Don
You can find great local Texas real estate information on Localism.com DEBORAH MARTIN, GRI is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
