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Jan Pickering ®, Solutions Real Estate, AZ

POWER RANCH ANNUAL MEETING REMINDER

POWER RANCH ANNUAL MEETING REMINDER

THURSDAY, JANUARY 22, 2009

THE BARN - 3685 E AUTUMN DRIVE

5:30 PM REGISTRATION

6:00 PM MEETING

The first Homeowner Board of Directors will be elected at the Annual Meeting on January 22, 2009. Elected by you, the homeowners To represent you and work with the Management Team. Lets all show how Power Ranch really shows its sense of community!

Your Gilbert Real Estate Expert!

http://www.janpickering.com/

Making a Hard Decision?

Did I do the right thing.....a prospective client calls looking to view a property 57 miles from where I am based. I said ...I can help you with that, but I have a few questions first. In discussion it was determined that the gentleman was not pre-qualified and did not wish to speak with a lender because he ‘thinks' his credit is good and it is a waste of time. I explained that this would be a 114 mile round trip for me...I would rather he had spoken with a lender first. He was not moving on this. I advised him it would be better to call me back once pre-qualified or he could find a REALTOR closer to the property, who may be willing to take him out without speaking to a lender. (Very nicely obviously) Gentleman thanked me for my honesty and kindly said he will call back....he wont...but did I do the right thing? I happen to think I did....

Gilbert Real Estate Specialist

http://www.janpickering.com/

Gilbert Arizona Market Update 1/9/2009

Gilbert Arizona Market Update 1/9/2009 (edit/delete)

Most Expensive Listing - $2,995,000

Least Expensive Listing - $74,900

Median List Price - $249,000

Average List Price - $324,393

Asking Price per Square Foot - $114

Average Days on Market - 143

Total Inventory - 1885

Absorbed This Week - 167

Percent of Properties with Price Decrease - 57 %

Market Action Index - Cold! Buyer's market!

From your local Gilbert Real Estate expert.

Visit my website at www.janpickering.com

Gilbert, AZ Market Update

Median List Price - $ 259,900

Average List Price - $ 336,777

Total Inventory - 2003

Average Days on Market - 132

Asking Price per Square Foot - $ 117

Absorbed This Week* -139

Percent of Properties with Price Decrease - 54 %

Percent Relisted (reset DOM) - 11 %

Percent Flip (price increased) - 3 %

Continues to be a bank owned properties driven market. The number of pre-foreclosures decreased ever so slightly this month, so we should start seeing a positive change soon.

Your Gilbert Real Estate Specialist

Pricing your listing at the best price...first time...why so many objections?

Please tell me...why are some sellers still so stuck on pricing their home higher that what it is worth...because that's what their neighbor sold their home for in 2006? Going to a listing presentation requires so much more preparation in this market. I am finding, not only must I show on paper what "the market" dictates the price is (not me!) but I have found it beneficial to show other properties for sale at the correct market price...just to show the seller exactly what buyers will be seeing when comparing their home...to the one round the corner. Any other ideas greatly appreciated!