Who put the wet blanket on our real estate recovery? I did not vote for that and I would guess you did not either. But here it is anyway. Seven months into the year that many thought would be super and yet, we are really just treading water.
The new inventory of homes is increasing faster than homes are selling and so progress is hard to measure. Many of that NEW inventory is actually old stuff that did not sell in years past – now back on the market, and in some cases, still overpriced. If there is a 13 month inventory of homes for sale, how can you justify pricing a home for more than a similar home sold for yesterday? There is no solid foundation for prices to be going up in Santa Fe residential real estate.
Call me crazy, but we are still in a buyer’s market and unfortunately many people still don’t know that. The hype and headlines from other markets indicates the market is hot. It may be hot outside, but we are not Denver, or San Francisco, for example, where homes are very hard to find.
Venture a guess on how the rest of this year will play out and you could qualify for a guest column in this BLOG. How is your command of the English language?
Speaking of homes, are you happy with what you have now? If you are thinking of looking, there are some great bargains out there if you are willing to take the time to sort thru all of the inventory. Call an expert that knows the market and has a network of contacts to help you accomplish your goals. His name is Alan Ball (really nice guy) and he is available by phone at 505-470-7153 or by email at firstname.lastname@example.org
Today’s post was prepared and published from the offices of Southwestern Title at 236 Montezuma Ave, right here in Santa Fe (across from that spanking new County Judicial Complex). Their phone # is 505-820-1800
They offer the most experienced and friendly staff to assist in your real estate transactions. From personal experience, I can recommend them as you will receive professional service, on time and with courtesy.