Now We’re Dealing With A Market Where Buyers Are Becoming Picky Again
A report from the Daily Camera in Colorado. "The Boulder County housing market is slowing down. Single-family home sales fell about 23 percent and new listings grew more than 4. 2 percent. The median sales price for single-family homes in Boulder County dropped 2.7 percent to $535,000 last month from $550,000 in January 2018. The median sales price of townhouses and condos fell more than 8 percent to $365,000 last month from $399,950 in January of 2018."
"'It's the first decrease in median prices in Boulder County in five years,' said Kelly Moye, former president of the Boulder Area Realtor Association."
From the Tennessean. "Odors are just one item on the checklists Realtors use when getting a home ready for the market. After living there for years, the owner might not notice the light switch that doesn’t work or the mismatched light bulbs in the chandelier, said January Stephens, a Realtor with Exit Real Estate Solutions."
"'Now we’re dealing with a (real estate) market where buyers are becoming picky again. It’s important to have a home staged,' said Realtor Michelle Patterson. The price of staging a home depends on the amount of work involved, but it’s worth it, said Robin Lyons, a Realtor with Re/Max Choice Properties. 'The investment is less than the first or second price reduction' if an unstaged home doesn’t attract offers, she said."
From the Idaho Statesman. "Last June, Boise real estate agent Phil Mount did a search for a client looking to buy a home in Boise for under $250,000. The pickings were slim: six homes. Last month, Mount did a similar search and found more than 35 homes. That broader selection is good news for buyers. January broke a streak. For the first time in more than four years, the number of existing homes on the market in Ada County exceeded the number during the same month a year earlier."
"Prices turned buyers’ way too: the Ada County median price of all homes sold in January fell 2 percent to $318,000. For newly built homes, it fell 6.5 percent to $373,786. For existing homes, it rose 0.5 percent to $286,450, still below last fall’s levels."
"'We’ve got one month of data that’s different from what we’ve seen in the previous 51 months,' Mount said. 'Who knows if that’s a trend. I am hoping this will be a season where we have a little more inventory and more choices for buyers.'"
From Fox 4 in Florida. "The affordable housing crisis was the topic of debate Tuesday at the Collier County Board of Commissioners meeting. Commissioners voted to change a bonus program designed as an incentive to get developers to build more modestly-priced housing units. The median home value in Collier County is $336,000, compared to a $231,000 median for homes throughout Florida."
"But Commissioner Donna Fiala said she has seen many available rental units vacant during tourist season, and is concerned that developers could over-build the county. 'If we put all these extra units on the market, and people are already having trouble renting out, is it really the thing to do now?' she asked."