Well after taking a mental break from real estate I've decided to renew my efforts with laser focus. In terms of my day-to-day efforts and marketing focus I'm just going to do Monroe WA. There are too many listings and too many opportunities available in the greater NW area to really be an expert in anything...not enough time in the day.
So, the first step is to see, one by one, the 200+ listings in Monroe and get back to really knowing a local market and being familiar with the inventory. I'm starting with vacant properties. On Halloween I went to the following homes and if you have questions about them...you know, the things you can't see in a picture, like if the home smells like wet dog...just ask. Why Monroe? It's where I live and where my kids go to school!
October 31, 2009
17011 156th PL SE Monroe, MLS: 29141991
16941 Allison St. SE Monroe, MLS: 29110538
15137 175th Ave SE Monroe, MLS: 29129057
17787 150th St SE Monroe, MLS: 29108995
17851 160th St SE Monroe, MLS 29045635
16658 Ladd St. SE Monroe, MLS: 29133947
15891 Lakeview Ave SE Monroe, MLS: 29031301
Well, I just recently had some decent (price) listings (at least I thought so) "Expire", so I thought I'd see if it was just me or just my company or what was going on. Of course I don't have to look to know what kind of market we're in, but I'm curious about the real numbers.
My focus was Snohomish County:
Expired Listings (I clicked on residential, manufactured, condo, farm & ranch, multi-family/Snohomish County and left all the other fields blank):
2004- 3355 Expired
2005- 2289 Expired
2006- 2669 Expired
2007- 5399 Expired
2008 (so far)- 5131 Expired
I think it's safe to say that with a couple months left in 2008, we will pass 2007 in total "Expired" Listings. So this is happening to people from every company and it's happening often. What now?....homes are still selling every day.
Maybe a one year listing contract. Maybe staged homes. Maybe homes priced ahead of the negative value trend. Maybe several buyer incentives (closing costs, home warranty, etc.). Maybe sell differently (like an auction). Maybe different terms (lease opt. or owner contract).
Maybe some people just shouldn't list right now. Unusual ideas that work are welcome.
My buddy just emailed the link below to me...comment away...
http://www.youtube.com/watch?v=H5tZc8oH--o
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