In this motivational series, I’ll highlight how to become a Peak Performer. Today I’d like to ask you a question. What determines your level of success? Is it your goals? I believe it is something else. Learn more in my latest motivation minute message.
Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net
In this motivational series, I’ll highlight how to become a Peak Performer. In today’s Peak Performer Series message I’d like to talk to you about adding value. How much value are you adding to your clients and customers? Are you giving your clients the right advice when they are buying or selling with you? Learn more about the importance of adding value in my latest motivational message video.
Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net
In this motivational series, I’ll highlight how to become a Peak Performer. In today’s Peak Performer Series message I’d like to talk to you about time, and how effectively you are using it every day. Are you managing your time well or are you making excuses? Learn more about making the most of every minute in every day in my latest motivational message video.
Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net
It is hard to believe we are already halfway through 2019. The two questions that I have are; where does the time go and where is the housing inventory? The number of houses in Northern Virginia remains extremely low – 20% below last year and nearly 33% from two years ago. The inventory with the lowest levels is in the first-time home buyer price range which is basically houses and condos priced below $350,000. At the time of this newsletter, there are only 717 properties for sale in all of Northern Virginia at this price point. These homes are flying off the market with an absorption rate resulting in a .75 month’s supply of housing. As such, we are seeing multiple offers as there just not enough supply for the number of buyers in this market. To climb the pricing ladder, we will see the month’s supply and inventory rise. As a comparison, houses priced between $350,000 and $500,000 have a .83 month’s supply with only 872 houses for sale. The $500,000 and $750,000 priced houses have a 1.2 month’s supply with 1,252 currently on the market. Both of these numbers are low, historically speaking, so don’t be alarmed if you are thinking of selling your house. Where we see the market slowing is in the $750,000 and above price point. In this price point, we have over a 3 month’s supply of inventory with 1,683 houses for sale. This is obviously a larger price range but shows the higher you go, the longer it takes to sell. I have mentioned many times if a house isn’t compelling – it isn’t selling and the best way to make it compelling is price. If you are considering selling in any of these price points, please call me to learn how to best position your house to sell for the most money in the least amount of time.
So, what does it mean for buyers? There are opportunities in the market to own but you need to be strategic in doing so in every price point. It is important to utilize the services of a professional to negotiate for you to get you into the home you desire. If you are considering becoming a homeowner for the first time or if you are moving up or down, give me a call to learn how this can be done for you.
Have a very Happy 4th of July and please be safe!
In this motivational series, I’ll highlight how to become a Peak Performer. In today’s Peak Performer Series message I’d like to talk to you about the customer experience. Are you providing detailed and valuable information on your website, blog, social media pages and more? What about when you meet with them? Do you set the right expectations for them to make the consumer experience become a client experience? Learn why this is so important in my latest video.
Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net
Scott's Motivation and Real Estate Market Updates 