Does any other agents feel like the market is slowly improving since last year. I have sold more homes by June this year than all of 2008. It definitely could be better than we are experiencinig but it does feel like were starting to see an improvement. My local area of Boise, Idaho has some very affordable homes now. I do hope the tax credit will be renewed and open to all buyers, including investors. With the unemployment rate so high, I think it very important to keep homes selling. Will next year improve any more is the question I've been asking myself.
My area of expertise is Boise, Idaho and like many cities our winter months affect real estate inventory and values. Even in a sellers market, buyings can negotiate a lower price in the winter months. The reasons are overwelming: less buyers, sellers motivated by longer days on market, cold conditons keep even good buyers on the sidelines.
Several times I have sold a home in November-January and the market value had increased by June. With more buyers looking in the summer months, there are less homes available and Sellers can see more buyers looking at their homes. Any families with school children drive this aspect of the market timing affecting sales prices.
My advice for any investor or homeowner who wants to start investing is to purchase property with the best price per square foot in the winter months.
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I am a full service REALTOR who specializes in single family, 4 plex's and investments. Closed over 100 properties since joining RE/MAX. I give each client my highest attention. I love referrals.
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