Spring home sales are in the air. NO SLOW MARKET IN REAL ESTATE FOR US! This year, 2012, has been a fast-paced hit-the-ground-running year. Right out of the shoot we pended 6 homes in January, February with 15 and March 13 homes – the count is still running in April. What’s everyone complaining about?
I believe that a well-designed space evokes emotion to a buyer; resulting in a home that stands out among the other homes on the market. This house in Woodland (near Wayzata, MN) pended in less than two weeks after it was designed and staged by Showhomes and successfully closed two weeks later. The homeowner did their homework and had the wood floors refinished, painted the walls and trim work with a warm current color, new carpeting and then the icing on the cake was to get the home staged. Staging works! Wouldn’t you like to be one of the many homes that are selling fast due to how they look? Obviously, location, price and many other factors attribute to a faster sale – but the one who wins the beauty contest ultimately takes the trophy!
According to the Minneapolis Association of REALTORS® “Job growth, low mortgage rates, rising rents and a relatively inexpensive housing stock. These are just some of the playful teases in the burlesque revue that is today’s market recovery. Another week passed with buyers displaying no signs of slowing down. In general, sellers are discovering a less-intimidating scene, and buyers are reveling in the showy marketplace. As expected, spring’s warming glow continues to fuel optimism and consumer activity. But that won’t necessarily be the case in every area or segment, so do your research before making that move.
In the Twin Cities region, for the week ending April 14:
• New Listings decreased 9.5% to 1,637
• Pending Sales increased 25.5% to 1,170 • Inventory decreased 27.8% to 17,384
For the month of March (as of March 24,th 2012)
• Median Sales Price increased 7.1% to $149,900
• Days on Market decreased 9.6% to 145
• Percent of Original List Price Received increased 3.8% to 92.1% • Months Supply of Inventory decreased 38.0% to 4.7
The National Association of REALTORS® is predicting existing-home sales will jump 7 to 10 percent in 2012 to the highest level in five years, based on an “uneven but higher sales pattern” so far this year. Pending home sales fell a seasonally adjusted 0.5 percent from January to February, which was up 9.2 percent from the same time a year ago.
My companies remain strong, doing what we love. Our average day on market is 20 days. We accommodate a buyers request for occupancy and fast closings. We always design your home to detail with full house staging – every time. So for you interested home sellers out there, who are holding off selling your home – don’t be shy – MAKE YOUR HOME SHOW ABOVE THE REST AND USE A DESIGNER TO MAKE IT HAPPEN FOR YOU! Check out many ways to show above the rest and get that sale before anyone even knows you were on the market.
For more information give us a call at 612.226.8044 DESIGN . INSPIRE . SELL