Positive Expectations – Real Estate Forecasts for 2012 and Beyond

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Now that everything’s back on track after a busy holiday season, we finally have a moment to step back and admire what a fantastic year 2011 happened to be. Wow – was it incredible! Despite reports of supposed “doom and gloom” and even though the economy was not doing very well, we had our best year ever and we have you, our valued clients and supporters, to thank for all that. 

What Makes a Good Market “Great”?


The main thing that we can attribute our selling success from 2011 to is having motivated sellers and serious buyers. It’s as simple as that. So, what exactly makes a good market “great”? We find that the perfect combination of the right price, excellent condition and accessibility, makes any home a strong contender in the crazy competitive property-selling world today. In fact, that’s exactly what we expect to see more of in 2012.

Toward fourth quarter of 2011, we witnessed a very strong surge of sales and many of them were sold at or above list price.  We saw multiple offers taking place, demonstrating that buyers indeed are out there seeking the perfect home.   That’s exactly what we expect to see more of in 2012.  In fact, at this point we often receive requests from clients that are seeking a new home or would like to buy because they anticipate a rising trend in home prices to come by the end of the year.  Though prices have not begun to rise, an upswing seems very likely so savvy buyers continue to be on the lookout already.

Low Interest Rates Continue, Inventory Moves and Prices Begin to Climb


Our prediction for 2012 is that as buyers continue to reap the benefits of our current market and unbelievable interest rates right now, inventory will begin to level off and we will start to see more stabilization in the market. Not only that – the seemingly “bottomless pit” that has been our declining home prices, seems to have come to an end.

Fewer, But More Serious Buyers Dominate the Season


Now that we are officially in our spring season (though it sure doesn’t feel that way from the looks of it outside) real estate is going to move at a really nice pace. And though there may be fewer buyers now than we might see a couple months from now, the ones that are out there are downright serious about purchasing a home. This is great news for sellers right now since there is less selling competition to have to worry about and at the same time a potential for more serious offers.
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As we move into what seems to be the hopeful next phase of our real estate journey beginning the past several years, it is with great confidence that we forecast an amazing year ahead. Please do not hesitate to contact us if you would like a custom consultation to learn how we can assist you with your real estate endeavors today or even if you just have some questions you would like answered about any of this. We look forward to hearing from you!