Sellers whose homes aren’t in tip-top shape may need to spend extra money or put in a little elbow grease to get their properties in market-ready condition. But what are the most important repair or maintenance tasks that support a higher asking price? “Smaller and less expensive updates in combination with good staging will have a great return,”
Here are the 3 home repairs that can save the sale
- Median Sale Price er Sq Ft is up 9% over last year
- The average days on the market for homes was 50 days (Days before the seller accepted an offer)
- December is historically the slowest month for new active listings to come on the market and for homes to sell.
From the Cromford Report for the Phoenix Valley – 2019 Predictions
Seller Update for the months ahead:
Seasonally, this is the calm before the storm in terms of buyer activity. Every year, listings under contract drop sharply in the latter half of December before reaching their lowest point on January 1st. Conversely, between January and April buyer contract activity will sharply accelerate. How much it will increase this year remains to be seen depending on interest rates and other lending factors. The past 3 years has seen contracts rise roughly between 70-90% in the first 4 months. Despite this expectation, sellers need to be prepared to compete more in 2019 than they had to this year. The first 4 months are also typically strong for new listings to enter the market. Even though 2019 looks like it will start off with a seller’s advantage, it will be much weaker than last year. The market appears to be resisting higher prices for homes that don’t live up to buyers’ expectation of value for their money.
Interested in the market statistics another city in the Phoenix Valley? Please feel free to contact us anytime for other updates that are important to you.
From our family to yours, we wish you a wonderful Holiday Season and very Merry Christmas!
Will these trends continue? Will housing experience the same wild ride in the new year? Here’s what experts predict will happen in 2019 real estate market: FULL ARTICLE
- Median Sale Price is up to $200,000 from last year’s median sales price of $183,000
- Median Sales Price is up 9.29% over last year
- The average days on the market for homes was 69 days (Days before the seller accepted an offer)
Interested in another city in the Phoenix Valley? Please feel free to contact us anytime for other updates that are important to you.
Homes cost a lot of money to maintain. But are you spending extra money unnecessarily on upkeep? Here are the 10 most expensive mistakes you could be making in your home.
Rising mortgage rates and home prices may prove a bigger thorn to home buyers in 2019 as buying a home gets more expensive in the new year. Meanwhile, as more homeowners list their homes, sellers will face greater competition, possibly increasing the need for concessions. Full Article