The State of Northland Real Estate
The market is better than last year.
Possibly, nearing pretty fair, even. Even is a good term and I will elaborate as to why I say so.
Sandy and I study statistics all the time. It is part of our job to know what the numbers are regarding the percentage increases, decreases, active listings, days on the market, sales, expireds, all the inventories by neighborhood etc, etc. It is our way of knowing how best to counsel you on what’s what with the state of the real estate market in Northland Kansas City, and more generally, in our city, in our country. We particularily look at a set of stats from the MARKET REPORTS* published by our Heartland MLS**.
Here’s the quick summary of the reports: Right now, in early 2012, it looks like Clay County and Platte County - our beloved Northland - is nearing a situation of “eveness “. The number of homes for sale and the number of homes selling seems to be about even or balanced. For example, in Platte County there are currently 686 existing( resale) homes for sale (i.e. the supply). In 2011 there were 1210 homes sold (i.e. the demand). In other words, based on the rate of homes selling (1210 in a year) 686 homes will sell in a little more than 6 months or a turnover of about twice a year. That is the ideal situation. Neither a buyer’s, nor a seller’s market – a balance market.
However, it is now nearly spring. At least in the real estate market. Folks thinking of moving, who have a home to sell, start preparing for the spring selling months – February through June. The supply of listings will increase, beginning now.
Further, we are concerned that over the last few months, in Northland, the number of foreclosures and bank owned listings, bottlenecked over the holidays, may soon begin appearing on the market. If demand remains the same, as in the last 6 months of 2011, we will see the continuation a very strong buyer’s market – especially attractive: the lowest interest rates in our personal history combined with depressed prices from the oversupply of properties for sale.
You can study all the numbers for 2011 s as we are happy to share them with you for your information. Just go online*. We also intend to post each month, in our newsletter a summary of what’s happening with your home, your rentals, your children’s financial real estate opportunities.
If you know someone who is thinking of a move or a purchase. Please tell them about us. Tell us about them.
*NiceGuysWorkHard.com/blogspot/marketreports.pdf- for your free copy
**The MLS is the source for all listings offered, sold in our area that REALTORS use to access showings, listing consulting, and advising our clients
Making Things Happen
About 15 years ago I hung a poster in my daughter’s bedroom. A vivid close up photo depicting 3 baby orangutangs wrestling on the ground. Each face looking at the camera and each expressing the following, respectively:
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Some people watch what happens
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Some people wonder what happened
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Some people make things happen!
As a parent my intention was to use the poster and the message as a utility to teach Samantha that her own efforts are important. That taking charge of her own decisions and the ulitmate consequences are the path to success. She could choose to be passiive and let others make choices for her, or take charge of her own future, her jobs, her finances, her mate, her children’s future.
Today my grown mature daughter is a single mom, teaching math to middle school children, owns her own home, raising 2 girls of her own. She is definitely a take charge person with her own agenda. As dad I am satisfied: “We dun good!”
I share this message with you as your friend and realtor consultant, because I hope you too have “made things happen” and made those wise decisions about your financial life. Sandy and I want to offer our friendship and advice to those of you who are ready now to adapt to this market and to direct your investments in the right direction. The direction that results in the intended consequences for your future, your children’s future.
ParentsAsInvestors.com has been created to benefit our parent-clients, our savvy parents to be and our smart investor wannabe’s. Watch the video. Let us know what you think.
