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Monday, 22 February 2010
· Current Home Inventory in Big Canoe is now at 208 vs. 215 in December. Please note inventory numbers below.
· Days on market for January were 116 vs. 193 in December (Homes sold). 246 Days on market (Homes for sale).
· Big Canoe’s overall month’s supply of inventory is 30.4 months vs. 25.6 last month.
· 5 homes have sold YTD vs. 4 homes YTD January 2009 vs. 4 homes YTD January 2008 vs. 2 homes YTD in January 2007 vs. 9 Homes YTD January 2006.
· The average sales price in January was $376,000 compared to $302,750 in January 2009.
Big Canoe Community Homes Sold YTD 2010:
|
Price Range
|
# of Homes Sold in Price Range
|
% Representing Homes Sold
|
Homes Listed
|
% Listed
|
|
Less than $200K
|
1
|
20%
|
13
|
6%
|
|
$201K - $250K
|
1
|
20%
|
12
|
6%
|
|
$251K - $300K
|
0
|
0%
|
22
|
11%
|
|
$301K - $350K
|
0
|
0%
|
23
|
11%
|
|
$351K - $400K
|
1
|
20%
|
32
|
15%
|
|
$401K - $450K
|
1
|
20%
|
8
|
4%
|
|
$451K - $500K
|
0
|
0%
|
19
|
9%
|
|
$501K - $550K
|
0
|
0%
|
10
|
5%
|
|
$551K - $600K
|
0
|
0%
|
13
|
6%
|
|
$601K - $700K
|
0
|
0%
|
24
|
12%
|
|
$701K - $800K
|
0
|
0%
|
8
|
4%
|
|
$801.0 >
|
1
|
20%
|
24
|
12%
|
|
TOTAL
|
5
|
100%
|
208
|
100%
|
Summary:
Overall volume (dollars) in The Community of Big Canoe is up 16.42% (+$364.6k) vs. YTD 2009.
Well, we are off to a better start vs. 2009 in both units and dollars. Hopefully this trend will beat what the National Association of REALTORS® (NAR) has just released for their 2010 forecast. It is as follows: Existing Home Sales will be up 9.9%; New Homes up 40.2% (cleaning the pipeline); New Construction up 8.8%. Existing home prices will rise 3.7% and the same for New Construction prices (+3.7%). Note: we believe Big Canoe will beat the NAR forecast in 2010. Be with us as we market your home for optimum exposure and a sold sign.
NAR also predicts interest rates will rise close to 6% later this year (still not bad). Spread the word: The bottom is finally here (prices will rise) and so will rates.
One final note: Like the stock market, we only know when the market has bottomed when it’s on its way back up. Well, if you know of anyone sitting on the sidelines, tell them it’s time to jump in!
And remember, we love referrals!
Until next time,
Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS
Monday, 22 February 2010
· Current Home Inventory in Big Canoe is now at 215 vs. 220 in November. Please note inventory numbers below.
· Days on market for December were 193 vs. 378 in November (Homes sold). 250 Days on market (Homes for sale).
· Big Canoe’s overall month’s supply of inventory is … 25.6 months vs. 24.2 last month.
· 79 homes have sold YTD vs. 73 homes YTD December 2008 vs. 112 homes YTD December 2007 vs. 166 homes YTD in December 2006 vs. 191 Homes YTD December 2005.
· The average sales price in December was $220,000 compared to $476,000 in December 2008.
Big Canoe Community Homes Sold YTD 2009:
|
Price Range
|
# of Homes Sold in Price Range
|
% Representing Homes Sold
|
Homes Listed
|
% Listed
|
|
Less than $200K
|
18
|
23%
|
13
|
6%
|
|
$201K - $250K
|
6
|
8%
|
12
|
6%
|
|
$251K - $300K
|
12
|
15%
|
27
|
13%
|
|
$301K - $350K
|
13
|
16%
|
21
|
10%
|
|
$351K - $400K
|
9
|
11%
|
31
|
14%
|
|
$401K - $450K
|
6
|
8%
|
15
|
7%
|
|
$451K - $500K
|
2
|
3%
|
16
|
7%
|
|
$501K - $550K
|
8
|
10%
|
13
|
6%
|
|
$551K - $600K
|
2
|
3%
|
11
|
5%
|
|
$601K - $700K
|
2
|
3%
|
22
|
10%
|
|
$701K - $800K
|
1
|
1%
|
11
|
5%
|
|
$801.0 >
|
0
|
0%
|
23
|
11%
|
|
TOTAL
|
79
|
100%
|
215
|
100%
|
Summary:
Overall volume (dollars) in The Community of Big Canoe is down 11.49% (-$3.9M) vs. YTD 2008.
Wow, 73% of the homes in Big Canoe sold for under $400,000. In 2008, the number was 56%. So the question is – Are there buyers? Yes, we sold six more homes in 2009, but at a much lower price point.
Will this momentum continue? We think so! The Real Estate Confidence Index (RECI) jumped 7.87% in December. The RECI is now at 6.03; on a scale of 1-10 (1 being “bad” and 10 being “good”) we feel the upward momentum will continue into the summer. There are many elements in our favor, such as Tax Credits, Interest Rates, Aggressive Pricing and Inventory. Let’s all spread the “word”.
Well, 2009 is over. As an industry, it’s glad it’s over. Many brokers closed their doors, many agents just gave up. As your broker/agent, we never gave up. We stepped up training/coaching, we increased our print advertising campaign, we refined our listing marketing tools, we improved our processes. Lastly, we launched two new websites. Yes, we invested in our business to be ready for the market up tick. And it will happen!
In closing, we thank all of our clients for entrusting us with the buying or selling of your home. Day in and day out, we look for new ways to improve our business, this we do for you. We would also like to acknowledge our agent partners…they’re the BEST!
And remember, we love referrals!
Until next time,
Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS
Saturday, 06 February 2010
· Current Home Inventory in Big Canoe is now at 220 vs. 241 in October. Please note inventory
numbers below.
· Days on market for November were 378 vs. 154 in October (Homes sold). 237 Days on market (Homes for sale).
· Big Canoe’s overall month’s supply of inventory is … 24.2 months vs. 64.2 last month.
· 65 homes have sold YTD vs. 71 homes YTD November 2008 vs. 98 homes YTD November 2007 vs. 154 homes YTD in November 2006 vs. 174 Homes YTD November 2005.
· The average sales price in November was $285,000 compared to $484,600 in November 2008.
Big Canoe Community Homes Sold YTD 2009:
|
Price Range
|
# of Homes Sold in Price Range
|
% Representing Homes Sold
|
Homes Listed
|
% Listed
|
|
Less than $200K
|
11
|
17%
|
14
|
7%
|
|
$201K - $250K
|
5
|
8%
|
12
|
6%
|
|
$251K - $300K
|
11
|
17%
|
24
|
10%
|
|
$301K - $350K
|
10
|
15%
|
23
|
10%
|
|
$351K - $400K
|
8
|
12%
|
31
|
13%
|
|
$401K - $450K
|
5
|
8%
|
15
|
7%
|
|
$451K - $500K
|
2
|
3%
|
18
|
9%
|
|
$501K - $550K
|
8
|
12%
|
13
|
6%
|
|
$551K - $600K
|
2
|
3%
|
12
|
5%
|
|
$601K - $700K
|
2
|
3%
|
22
|
10%
|
|
$701K - $800K
|
1
|
2%
|
12
|
6%
|
|
$801.0 >
|
0
|
0%
|
24
|
10%
|
|
TOTAL
|
65
|
100%
|
220
|
100%
|
Summary:
Overall volume (dollars) in The Community of Big Canoe is down 26.41% (-$8.6M) vs. YTD 2008.
You’re reading it correctly…only one home closed in the month of November in Big Canoe. On the plus side, overall inventory has fallen by 21 homes. The biggest drop being in the $350.0k to $550.0k price range.
On a positive note: From a National level perspective, pending home sales have risen for the last nine months in a row. This is a first for this Index since its inception in 2001. Additionally, existing home sales surged 10.1% in October.
Last month we reported on the Repeat and First Time Home Buyer Tax Credit. For many of us in Big Canoe, the $6,500 tax credit has some real advantages. This tax credit applies to those of us who have lived in our current home, five out of the last eight years on a full-time basis. If this is you, you can use this credit to move up or down. Note: you do not have to sell your current home to do so! Please pass this information on to friends and family. For more information, go to our website at www.TheBeechlerGroup.com and click on our Tax Credit Icon.
With the holidays upon us, activity has slowed, just like it does every year. Use this time to get your home in tip-top shape for the first of the year.
In closing, we would like to thank those of you who looked at our new website. Your positive comments were most appreciated.
Finally, we wish all of you a very “Merry Christmas”.
And remember, we love referrals!
Until next time,
Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS
Wednesday, 25 November 2009
· Current Home Inventory in Big Canoe is now at 241 vs. 241 in September. Please note inventory numbers below.
· Days on market for October were 154 vs. 65 in September (Homes sold). 228 Days on market (Homes for sale).
· Big Canoe’s overall month’s supply of inventory is … 64.2 months vs. 28.3 last month.
· 64 homes have sold YTD vs. 63 homes YTD October 2008 vs. 88 homes YTD October 2007 vs. 138 homes YTD in October 2006 vs. 172 Homes YTD October 2005.
· The average sales price in October was $347,500 compared to $396,357 in October 2008.
Big Canoe Community Homes Sold YTD 2009:
|
Price Range
|
# of Homes Sold in Price Range
|
% Representing Homes Sold
|
Homes Listed
|
% Listed
|
|
Less than $200K
|
11
|
17%
|
16
|
7%
|
|
$201K - $250K
|
5
|
8%
|
15
|
6%
|
|
$251K - $300K
|
10
|
16%
|
25
|
10%
|
|
$301K - $350K
|
10
|
16%
|
23
|
10%
|
|
$351K - $400K
|
8
|
13%
|
32
|
13%
|
|
$401K - $450K
|
5
|
8%
|
18
|
7%
|
|
$451K - $500K
|
2
|
3%
|
22
|
9%
|
|
$501K - $550K
|
8
|
13%
|
15
|
6%
|
|
$551K - $600K
|
2
|
3%
|
13
|
5%
|
|
$601K - $700K
|
2
|
3%
|
24
|
10%
|
|
$701K - $800K
|
1
|
2%
|
14
|
6%
|
|
$801.0 >
|
0
|
0%
|
24
|
10%
|
|
TOTAL
|
64
|
100%
|
241
|
100%
|
-
-
-
-
-
-
-
-
-
Summary:
In an effort to create step up home activity in Big Canoe, a couple of things have happened.
#1) The Beechler Group (Tom & Kelly Beecher & Team) have officially launched their new website, www.MountainRealEstateLIfestyles.com. Yes, it’s called Lifestyles, for most of us moved to Big Canoe to change/improve our “Lifestyles”. Check it out, read the blog, tell us what you think of the site. Note: We are still working on the “Local Resources”.
#2) Repeat & First Time Buyer Tax Credits: Did you hear congress extended the First Time Home Buyer Credit AND added a little for those of us who already own real estate? The First Time Home Buyer Credit is up to $8,000 and the Repeat Home Buyer Credit is up to $6,500. If you could purchase a home and get back $8,000 MAYBE it is time to think about making a purchase!
In the meantime, it’s still a buyer’s market and one of our Buyer Specialists would love to help you or someone you know find your first or next home.
Remember, most buyers that look at real estate during the next six weeks are usually very interested. So once again, make sure your home shows at its “Best”!
Finally, we wish all of you a very, very “Happy Thanksgiving”.
And remember, we love referrals!
www.TheBeechlerGroup.com and www.BestMountainProperties.com for all your real estate needs.
Until next time,
Tom and Kelly
Owner / Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS
Overall volume (dollars) in The Community of Big Canoe is down 25.32% (-$8.2M) vs. YTD 2008.
Although unit sales (64 vs. 63) are up YTD, you can see that the average sales price is down almost $50.0k. And yes, for those of you with homes on the market below $400.0k, we saw 4 more homes close in the month of October. Homes in Big Canoe priced below $400.0k now represent 71% of all closed transactions YTD.
Monday, 16 November 2009
The Big Canoe Volunteer Fire Department sponsored their first “Black and Blue and Tennis Shoe Casino Night”, at The Clubhouse, At Lake Sconti on Friday, November the 6th. The objective for this event was to fund the purchase of a “Gator”…an off-road vehicle helpful in fighting hard-to-reach forest fires and assists in difficult search and rescue missions.
The dress code for this Big Canoe event was Tuxedo jackets and jeans for the men, dressy sequined tops and jeans for the women. And of course tennis shoes for everyone.
A tremendous time was had by all, playing blackjack, poker, craps, and roulette. Professional dealers gave lessons to those who may have needed help spending their play money. You didn’t think we’d let you use real money did you? That’d be gambling.
As residents of Big Canoe we should be most proud of our Volunteer Fire Department. They are truly a group of men and women dedicated to serving our community. Tom and Kelly Beechler on behalf of Century 21 Best Mountain Properties and its Agent Partners were proud to support this great cause. We challenge all of our home owners/businesses to support this great cause now and in the future.
Because of the support given by those residents/friends and local businesses, we are most pleased to have heard that enough money was raised to buy the “Gator”. Let’s continue to “Help our Firefighters Help You”!
Monday, 16 November 2009
PRESS RELEASE: November 9, 2009
CENTURY 21 BEST MOUNTAIN PROPERTIES EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE
Kelly Beechler, Tana Brewster, Amanda Ledford, Sandy Stephenson, and Lynn Weaver of Century 21, Best Mountain Properties with offices in Big Canoe and Jasper have earned the prestigious “ Certified Distressed Property Expert “ designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the homes sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
In Big Canoe, Bent Tree, Jasper, Dawsonville and the surrounding area, many homes are in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.
“This CDPE designation has been invaluable as they work with sellers and lenders on complicated short sales,” said the Century 21 CDPE Team.” It is so rewarding to be able to help sellers save their homes from foreclosure.”
Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors such as Kelly, Tana, Amanda, Sandy, and Lynn with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.
The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales. “Our goal is to educate as many people as possible so we can help as many homeowners as possible, “ Charfen said.
If you are someone you know is in need of this type of service, please call one of the designated agents listed above at 770-893-3700.
Saturday, 31 October 2009
September 2009 Market Trends for the Big Canoe Community:
· Current Home Inventory in Big Canoe is now at 241 vs. 261 in August. Please note inventory numbers below.
· Days on market for August were 65 vs. 157 in August (Homes sold). 205 Days on market (Homes for sale).
· Big Canoe’s overall month’s supply of inventory is … 28.3 months vs. 32.8 last month.
· 58 homes have sold YTD vs. 55 homes YTD September 2008 vs. 76 homes YTD September 2007 vs.
115 homes YTD in September 2006 vs. 157 Homes YTD September 2005.
· The average sales price in September was $241,000 compared to $431,673 in August 2008.
Big Canoe Community Homes Sold YTD 2009:
|
Price Range
|
# of Homes Sold in Price Range
|
% Representing Homes Sold
|
Homes Listed
|
% Listed
|
|
Less than $200K
|
10
|
15%
|
15
|
6%
|
|
$201K - $250K
|
4
|
7%
|
15
|
6%
|
|
$251K - $300K
|
9
|
17%
|
22
|
9%
|
|
$301K - $350K
|
10
|
15%
|
22
|
9%
|
|
$351K - $400K
|
7
|
13%
|
37
|
15%
|
|
$401K - $450K
|
5
|
9%
|
15
|
6%
|
|
$451K - $500K
|
2
|
4%
|
27
|
11%
|
|
$501K - $550K
|
6
|
11%
|
14
|
6%
|
|
$551K - $600K
|
2
|
4%
|
14
|
6%
|
|
$601K - $700K
|
2
|
4%
|
22
|
9%
|
|
$701K - $800K
|
1
|
2%
|
14
|
6%
|
|
$801.0 >
|
0
|
0%
|
24
|
10%
|
|
TOTAL
|
58
|
100%
|
241
|
100%
|
Summary
Overall volume (dollars) in The Community of Big Canoe is down 19.57% (-$5.6M) vs. YTD 2008. Yes, we have now had another month show an increase in home sales for Big Canoe. Although we are happy to see this, we sure would love to see more activity in home sales above $450,000. This simply is a market condition that needs improvement.
Total homes listed dropped by 20. There was a decrease in every price point except $451k-500k, which increased by 3.
As REALTORS® and you, our homeowners of Big Canoe, we must get the below message out to the world:
Home affordability, as defined by the National Association of Realtors’ Housing Affordability Index, stands near all-time highs, thanks to declining prices and historically low mortgage rates. Yet, while some consumers hold off on purchases as they attempt to catch the home-price bottom, they could miss the mortgage-financing opportunity of a lifetime.
Late last year, the Federal Reserve Bank stepped in with a promise to purchase $500 billion in Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities, and raised that figure to $1.25 trillion in March. The move, combined with loan-modification initiatives and other federal intervention, restored investor confidence in the secondary market and mortgage rates declined rapidly. This condition is certainly unique and, likely, short-lived. One thing is crystal clear: the odds that mortgage interest rates will rise are much greater than any continued mortgage-rate decline. And for most home buyers, the cost of mortgage financing can be as important as the price of the home itself. Customers waiting for the absolute lowest price on a house could miss a golden financing opportunity and the lowest overall cost of homeownership.
In closing, we are pleased to see home for sale inventory dropping in Big Canoe. This improves your odds of more showings and ultimately, hopefully a closing contract. With this in mind, work closely with your agent to make sure you are priced correctly. Then make sure your home shows at its “Best”!
And remember, we love referrals!
www.BestMountainProperties.com and www.TheBeechlerGroup.com for all your real estate needs.
Until next time,
Tom and Kelly
Owner / Principal Broker
Century 21 Best Mountain Properties
Source: Broker Metrics / FMLS
|
|
Tom and Kelly Beechler
Century 21 Best Mountain Properties
Phone: 770-893-3700
Email Us!
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