Hey – It’s July Out There.

Greetings,

Thankfully we have finally been getting some rain!  Hopefully everyone enjoyed their 4th and is staying cool.

As usual I did the comparison between last years sales to this years sales and I must say- I’m excited. For the first time, not only are the units sold up, but also the average sales price is up and so is volume. You may remember over the past 4 months units sold have been up, but average sales prices have been down and in some cases- total dollar volume was down.

This month- everything is up! And as far as I’m concerned- that’s a very good barometer of our LOCAL real estate market. The real test will be if all the categories stay up for the month of July.

SOLD in June ’09-Total units-218, Average price $254,690, DOM-129, Volume-$55,522,424

SOLD in June ’10-Total units-264, Average price $264,209, DOM 141, Volume-$69,751,092

This is almost a 20% increase in units sold & Volume! We are constantly asked if we have gotten as low as we’re going to go. I have felt that was the case for the past 4 months. I’d say these figures, with the caveat that July remains in an upward mode, indicate my optimism is justified and we have seen what many would call, the bottom.

There are, however, still a limited number of buyers, so while these are encouraging figures, we need to not get discouraged that there are so few showing. Quite frankly June was not a good month in terms of number of showings, nor was the first part of July. That’s not unusual with school graduation, and family vacations. But this past week we have seen an increase in showings. Again, another good sign

http://rismedia.com/homeownercentral/

This link is sponsored by Lowes and I thought you might find it interesting. It has all different ideas and perspective on home ownership and the real estate market…not just about spending money at Lowes!

We’d like to introduce our newest broker, Ruthann Hoffman. She has been a Realtor since 2005 and lives in Fletcher. Her past careers include nursing and teaching and she is currently working towards a certification in Healing Touch. She is an Accredited Buyers Representative, ABR. Be sure to check out our website to learn more about Ruthann. Also, her daughter & son-in-law own The Underground Baking Co. on Main Street in Hendersonville and if you find yourself down there….you will definitely want to buy a loaf of their bread!

Please let us know if you have any concerns or would like to meet with us in person. Our doors are always open and we are very much aware of how frustrating this market is…we’re here to help.

Take care

Suzanne, Susan, Colleen, Ruthann – The ladies of A4SR

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This entry was posted on Thursday, July 15th, 2010 at 3:12 pm and is filed under Asheville, Buyers, Selling, Showings, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.