June 2006
As I talk to people from day to day, invariably the first thing said to me is along the lines of:
“I hear the real estate market is terrible!”
To which I respond with the truth: “Absolutely not!”
I wish I could describe to you the incredulous looks I get at that point - it’s really quite entertaining. While it is true that the seacoast market has softened, and has turned from a strong seller’s market to a buyer’s market, the fact remains that a lot of real estate is selling. Buyers are out there. The much h lded rise in interest rates is overstated- sure, rates have risen but are still quite low historically. We are selling real estate- homes, condos, land, commercial and investment properties.
Here are the May sales results from The Masiello Group:
We closed 457 transactions compared to 438 for May of 2005. More encouraging, we wrote 595 new transactions group wide versus 530 last May. This - in a market that is considered to be flat or down.
So, how do you wade your way through the hype? I am pleased to report that I am introducing an exclusive new service next month that will provide you with an insider’s look at the local market:
The Seacoast Market Report
The Seacoast Market Report will be unlike anything you’ve seen before.
- Property market data broken down by town, property type and price range for the last month, quarter, 6 months, and year.
- Listings broken down into current, pending and sold.
- Absorption Rate- how many months of inventory?
- Developer Report- new approvals and building starts
- Av ge and Median property sales date
- Recent Sales of Note
- No hype, unsubstantiated opinions, or fluff.
My motivation? It’s always been my mission to provide my clients the best information to give them an edge. Information is power, and I want to arm you with the type of information and guidance that will give you a distinct advantage in any real estate transaction. I’ve often been accused of being “over the top”, in fact friends and I would joke about that. Guilty as charged. Over The Top is where I live, it’s who I am. My clients expect the finest real estate services from me, and it is my aim to deliver on that expectation- in fact, it’s my goal to over deliver.
This information will help you understand the market as a whole, but when you’re ready to make a move, sell or buy property, I’ll focus in on your specific situation, your objectives, needs and expectations. We will then set a course, and execute that plan.
This is admittedly a monstrous data crunching undertaking, but my client’s deserve nothing less.
Until next month,
