My response to a local Mortgage Lender's blog on housing starts being down is good news for the resale home market. Our market has been saturated with new homes for years now, and in my opinion, it was just a matter of time before that happened.
Supply and Demand . . . every time I think of those three words my mind begins to dig up scenarios where the Supply and Demand is a factor. That drives every thing and as demand for new homes went down, the supply is going down, leading to the drop in new home starts. There is sometimes a Catch-22 in all this as it seems when one thing is good for one group of people, it is not so good for other groups of people. . . . such is life.
Again, Supply and Demand, the machine that drives an economy. This same factor also drives many other factors in life, beginning (don't laugh) with the supply of young people who are "marriage material" and the demand from the other group of young people for "marriage material". When those young people get married and start a family, the supply of babies is higher, driving the demand for goods and services (disposable diapers and formula) for the babies and toddlers. It extends to medical services for the babies, larger homes to raise those babies in and or just a larger home for the two dogs of the couple who may not choose to have children.
Supply and Demand for Churches and spiritual growth, etc etc. It continues as we get older and the geractric crowd has many health issues and the demand is higher for specialists in all fields, specifically those who specalize in Geractric Medicine, or care of the elderly. I cannot think of one thing that is not supply or demand driven. It is the Engine and Transmission of our Economy. Next time you buy something, think about those components in your purchase.
The following price ranges are those in which the highest numbers of homes have sold YTD through July as of August 10, 2008. Please contact me for SOLDS in other price ranges; these just happen to be the price ranges that are selling the best this year. They are:
Price Range Units Sold Average Price Median Price DOM
$60,000-$80,000 268 $70,218 $70,000 81
$80,000-$90,000 398 $89,813 $89,950 79
$100,000-$120,000 462 $111,045 $112,000 80
$120,000-$140,000 578 $129,607 $129,500 88
$140,000-$160,000 555 $149,684 $150,000 93
$160,000-$180,000 485 $169,651 $169,900 98
$180,000-$200,000 372 $188,851 $189,000 93
$200,000-$230,000 257 $209,780 $210,000 99
$220,000-$240,000 226 $229,607 $229,950 81
$240,000-$260,000 203 $249,300 $249,900 84
After $260,000 the numbers drop to 138 in the next range and continue downward the higher the price goes. Although that is not too uncommon, in the past higher price ranges sold well also. While still selling, the numbers drop to single digits at $580,000 & up.
This morning on the Today Show, their "real estate specialist" stated she thinks homes should be priced lower than what you think it will sell it for and you will end up with possible multiple offers bidding-up the price. I don't see that working well in our area (Greater Greenville, SC Area) as our number of units is not as high as it was last year, however, the average and median home price has increased. What do you think? That could also backfire on you as the agent and the seller if a buyer offered the full "lower than normal price" and only one person made an offer. In theory, it sound good . . . what would you do?
The Quote was by Nathanial Hawthorne.
One of my fellow KW agents is a photographer also. She took my new photos for my KW business cards and MADE me look better than I really do and for less money than most. Now, I have decided I am never going to have another one made and will just keep that one forever instead of getting older, since my high school photo is no longer acceptable. :):)
Success in all fronts the past 7-10 days, two new listings and two new buyer contracts written, happy families, the best grandchildren ever & my extended family. Life doesn't get much better than that. It sure is nice to enjoy that feeling and to enjoy being around friends, family and fellow agents.
There is a quote I always loved that says . . . Happiness is like a butterfly; the more you chase it, the more it eludes you. But, if you turn your attention to other things, it comes and sits quietly on your shoulder. Much truth in that quote. Can't remember who the quote was from, but will let you know when I find it. I have a collection of quotes and many of the funny copies (before email was the rage) of things that used to go around in most offices. Some were just too good to throw away.
What is the funniest thing you've ever heard that made you just laugh out loud. I love funny stories . . . the kind that make you laugh until you cry. They are usually something someone did instead of a joke. We love to laugh with each other. Tell me your "l laughed our loud" tale. Laughter is good for the soul.
I Remain . . . REAL ESTATE READY.
Sheila Reeves
An article in today's Greenville News provides federal data on Employment Growth for the Top Five and Bottom Five Areas with more than 200,000 in their work forces. Greenville is number 4, below Raleigh, Houston & Austin and above Huntsville. In order to "do no harm" I will not mention the bottom five in this post.
This is really good news and backs up what we Realtors and other people in Greenville have been saying for sometime, that Greenville's economy is holding up well in both the Real Estate downturn and the Economic Growth, as evidenced by the employment growth. This makes Greenville one of the top performing metros in the country in a pretty tough market, states Ross Moore, Research Director for Boston's Colliers International, a global commercial real estate brokerage. Our metro area (Greenville, Pickens & Laurens Counties) is five times the national average of 0.58 percent.
Hank Hyatt, Greenville Chamber of Commerce states he figures the steady hiring of engineers at General Electric Company and engineering and construction companies such as Fluor Corporation is part of the explanation. Professional and business services, the federal work force classification that includes engineers, grew 4.1 percent during the period. That classification also includes lawyers, accountants and architects.
Other growing classifications were education and health services (up 4.6 percent), leisure and hospitality (up 4.7 percent) government (up 4.6 percent) and financial activities (up 36 percent). Manufacturing declined 3.3 percent.
Mr Hyatt also believe people moving to the araa which boosts employment at retailers and restaurants. According to the U.S> Census Bureau estimates, the metro area's population grew by 13,315 or 2.2 percent to 613,828 between July 1, 2006 and July 1, 2007.
These is is good "bragging rights"for Greenville.
Experienced, Knowledgeable, Hardworking, and Professional. Knows communities in the area, Property Values & Marketing Homes. You will not be disappointed when you work with me.
Broker, Accredited Buyer Rep, Graduate-Realtor Institute.
Listening intently to learn more about your real estate needs and determining my strategy to get you there. Repeat business for me has been as high as 30% per year and that tells me I am doing a good job for my clients. One couple in particular, I SOLD 2 homes for them and helped them with the purchase of two other homes for a total of 4 transactions in 8 years. Many others buy through me when moving here and if transferred again or moving up to a bigger home, they also buy and/or sell with me. Why? Because they know I have their best interest in the forefront of everything I do. They also know my judgement and knowledge in real estate is a result of my 12+ years experience.
Within our area real estate community, my reputation for honesty, integrity and expertise in the home buying and selling process is well known. Becoming "The Family Realtor" for entire families gives me a sense of great satisfaction.
Markets I serve in the Greater Greenville Area are primarily Greenville, Simpsonville, Greer, Powdersville, Easley, Taylors, Travelers Rest, etc. Our Multiple Listing Service covers all of Greenville, Pickens & Oconee Counties and parts of Spartanburg, Laurens and Anderson counties.
The Real Estate Market and
Home values
The community
People
Life
The Belief in . . .
Doing the right thing
Treating all people with respect
Making a living by what I get . . making a life by what I give
It has been my pleasure to meet and work with many wonderful people over the past 12+ years while helping them buy and sell homes. Almost without exception, those home selling/buying experiences have given me a great sense of satisfaction of a job well done and happy clients to show for it! Let me add you to the list when you are ready to sell and or buy a home in our area.
Hi Sheila. First, let me thank you for your time and excellent guidance into the Greenville real estate market. Both Sharon and I thought you put together our interests very well. I just wanted you to know how much we appreciated all your time and information. For a Real Estate person to recognize an honest effort from another Agent is quite a compliment. Thanks again, and we will be in touch with you soon.
Sincerely,
Suzanna Rose
"I really wanted to thank you for all your help in the sale of our home in Stonehaven. Your knowledge, enthusiasm, and attention to detail brought forth the fastest and easiest sale of a home we ever imagined or experienced! With each step of the process, we felt informed, up-to-date and confident in you and your ability to close the deal. And you did! Sheila, thank you just doesn't even begin to express our gratitude for what you did.. You were really more than just a REALTOR. "
Warmest Regards,
Rhonda & Tim Dent
"You were also an inspiration as a REALTOR. Your professionalism and enthusiasm are something I keep in mind when I am dealing with my clients."
An Edina, Minnesota REALTOR®
When I decided to relocate to Greenville , SC from New Jersey to pursue the next step in my career, I assumed it was going to be both challenging and stressful. I knew that I didn't want to throw my money down the tubes renting, so I was determined to find a home right away and had about 1 months time to do so. Not only was I faced with the task of finding a home in a short period, but I was also a first time homebuyer. I did not know anything about purchasing a home! So, I surfed the web and did my research about the area and I mistakenly stumbled across the web site of Sheila Reeves. That was one of my best mistakes EVER! I filled out all the information on Sheila's site and she got back to me in less than 6 hours! She then contacted me the next day and answered several of my questions. At that moment, I knew I was in good hands. Sheila immediately sent me listings to view in my price range, set me up with a great mortgage company and freed up her busy schedule to work with my busy schedule. I spent a week with Sheila and I could not have asked for a better, more dedicated person to work with. Sheila treated me like one of her sons. She looked out for my current and future best interests every step of the way. In about a week's time I had to have seen many homes. I finally found the perfect home in a great neighborhood with great schools only six miles from my new office. Sheila Reeves is an honest, dedicated, trusting, hard working individual that I would recommend to anyone who is looking for a real estate agent in the Greenville area. I normally do not write about my experiences when dealing with people, but my overall experience with Sheila was just so remarkably pleasant, that I could not go without expressing how I truly felt. Thank you Sheila for everything!!!!
Brendan Major
Simpsonville , SC
To: Mr. Jim Fritzsche, Broker
RE/MAX Foothills
I just wanted to let you know what excellent service we had from Sheila Reeves in our most recent home sale and subsequent purchase. She has handled four transactions for us all total. The purchase of our current home was very tedious and it required extreme dedication and attention to minute detail. It was further complicated by the lack of knowledge and concern of behalf of the seller's agent. Had it not been for Sheila, we would never have succeeded. In addition, she sold our home in six days, due in part, to her very professional marketing brochure! She remained very patient and worked with us faithfully over many months. You can rest assured that we will remain loyal to her and will continue to recommend her to all who are interested. She will always be to us "The Best!"
Ms. Kathleen Pitts
To: Ms. Kathleen Pitts
Thank you for your uplifting note you wrote to me about Sheila Reeves. She works extremely hard for her clients and you have first hand knowledge of that fact. By your taking the time out of your busy schedule to write me really says a lot about Sheila. The RE/MAX ad slogans are surely true, such as "Above the Crowd" and "Outstanding Agents, Outstanding Results." We all try to uphold those kinds of values at RE/MAX Foothills, but Sheila sets the bar very high for all of us to reach.
Mr. Jim Fritzsche
Broker/Owner
I wanted to let you know I enjoyed assisting you and Sandy Pearson with her closing last Friday. I especially appreciate your efforts to "encourage" Mr. Woods to come to the office and sign the deed so we could complete the transaction. It is always a pleasure to work with realtors, such as yourself, that are willing to put forth an extra effort for their clients. It makes the "closing experience" much more enjoyable for everyone.
J. Chris Brown
Attorney-at-Law
Thank you for time and patience in helping us find our new home. It is PERFECT for us and we love it.
Dawn Worley
Thank you so much for your help in locating for us the perfect home! We love it! We cannot thank you enough for all that you did, especially during such a difficult time in your life. I appreciate all that you did to make sure everything went smooth on our end, and it did.....This is the fourth home we've purchased and by far this process was the easiest.
Tim & Rhonda Dant
Thanks again for all of your help. I appreciate all of your hard work to meet with all the contractors and handle the money for the windows. Julie and I want to thank you for making the sale of our home easy. There is no way that we could have managed the offer, inspection, contractors, paperwork and closing so quickly from so far away. Since our move to Illinois we dreaded having to go through the long distance selling process, but with your marketing we had an offer in less than 30 days. Thanks again for everything. We will definitely recommend you to anyone we know looking to buy or sell in the Greenville area.
- Mike and Julie Cunningham
To whom it may concern,
We were moving from Upstate NY to Greenville and needed to find a real estate agent. Looking on line made it easy to select Sheila because she had the absolute best web site for researching houses. Our time to house hunt in Greenville was very limited, so we needed to see a lot of houses in a short amount of time. Sheila knows the area extremely well and took the time up front to understand our requirements. She lined up a lot of houses for us to visit, normally a scheduling nightmare, but she did it. Her knowledge of the entire area and surrounding areas gave us the best opportunity of finding the house we wanted.Once we selected the house we wanted, Sheila completed a spreadsheet showing detailed market comparables, and based upon that information we made our opening bid and began our strategy for buying the house at the best price. Once we got our bid accepted, Sheila's work did not stop there but extended to overseeing the due diligence phase of the home buying process. Every professional Sheila recommended was a "professional" and performed as such.
In summary, Sheila is the best agent we have ever had and did so much work way above what normally is performed by most agents. She is still helping us, giving us recommendations about businesses in the area. She is a wealth of knowledge. We happily recommend her to anyone and especially any out of towners who need to quickly find someone that they can completely trust. We really believe that Sheila had our best interests at heart through the entire home buying process. If anyone would like to call us to discuss Sheila, we would happy to do it.
- Phil and Susan Cirulli
"Sheila, I would not hesitate to recommend you to anyone who is looking to enter the real estate market. Your knowledge, professionalism, thoroughness and attentiveness created an absolutely smooth and trouble-free home buying experience."
- Mark Rumminger"Sheila, you evaluated it, you worked it, you marketed it, you SOLD it! In other words, you did in less than six weeks what the other agent couldn't do in six months. You told us right off the bat, we had a house that was in a niche, and it would take some extra work to find the right buyer who wanted to be in that niche. But you did it and we really appreciate it. We're now back home. Thanks for everything, all the way to closing!"
- Joe & Debbie Summerville"Thank you for your hard work & professionalism in helping us find a new home in Greenville. More importantly, thank you for your sensitivity to our personal needs and for being so patient with our long move process. We respect your business ethics, your responsiveness, your good nature and we are glad to have your friendship."
- Doug & Lisa Warwick"Michelle and I want to thank you for your assistance during the selection, construction and completion stages of our home purchase in Greenville. Given the fact that we were in Germany during most of that time, it was especially helpful to be able to see the photos you emailed us on a regular basis as construction progressed. With your help, we were able to stay on top of any potential problem and had photo documentation. We will be happy to recommend you to anyone we know who might be buying or selling a home."
- Jim & Michelle Doherty"Chris and I wanted you to know that "you" made the homebuying experience a good one, especially going through construction. I was very confident that you would take care of us and guide us in the right direction, and you did!. Thank you .. . . . . . . .you are a wonderful person!!"
- Cyndi & Chris BellWhen we came to Greenville in 2000, Sheila worked for us as our Buyer's Agent and found the ideal home for us in an attractive subdivision convenient to the airport. When we were ready to move back to Germany, Sheila put our home on the market and had it under contract within the first month. She helped us through all the aspects of both transactions and we came to rely on Sheila for her honesty, knowledge of the market, dependability, and attention to detail.
We would not hesitate to highly recommend Sheila to you, whether you are ready to buy or sell.
Sheila was very helpful during the sale of my home. She was the second agent to represent me and was able to get the home under contract within 2 weeks from the time she took over the listing. I live internationally and Sheila used all her resources to sell my house. She worked diligently to resolve an issue that came up during the inspection process in order to close the house. Sheila definitely provided her own touch to accomplish the sale of my home. You will not be disappointed if you hire Sheila as your Agent.
- Sebastian Goulet
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
