As school has ended and with test day looming ahead, I may soon be able to devote more time to this blog. That is the plan anyway. Hope you all are well. With my main focus recently having been on taking care of business and my customers, having finally gotten the classroom requirements and obligations out of the way is a real relief. Hopefully that will parlay into time for more posts here.
Market data shows a slight increase in inventory with a slightly higher % of available houses offered for sale. I'm still not seeing much discounting even in light of the increase in inventory.
And... In the same vein. Good news for the local buyers and sellers who have hooked up with a good Realtor. Houses and vacant land are still selling in our market. There are some deals and there are some properties still selling top range of reasonable value. I wouldn't want you to believe that this is a great market. It's not. But it's certainly not a poor market or one appeared heading for crisis* either.
Not all Sellers, Buyers (nor their Realtors) understand how value can be perceived so differently by the different people involved. The classic (spy vs spy) "what I think it's worth" and "what I paid for it" vs. "what someone will actually pay for it" are evident in Silver City as everywhere. The good news is there are Buyers and Sellers (and some of their agents) who manage in these uncertain, mostly non biased markets (a Seller's market vs. Buyer's market) to find common ground and value for the effort. There are plenty of win/win exchanges getting recorded. Real $$ for real property. That all seems pretty healthy to me.
It's a great day to go window shopping. Please visit my favorite website (hint-you don't have to register) and see all of the local Silver City area listed properties. There are some pretty hot commercial offerings in the database too.
Dream Home New Mexico
See you guys soon. Wish me luck. ----archer--->
The real crises is there are way too many active Realtors in the pool. Hehheh. Kidding of course. It's true that we have added a significant number of professionals in the last couple of Quarters, and there are many more right now in the prelicensing stage. (We should feel lucky - Albuquerque boasts 5600 Realtors. Talk about competition). While having a larger number of professionals quartering the whole makes it a bit tougher going for the individual agent involved, as a whole and for the market, it would seem to be of benefit to Sellers and Buyers. i.e. competitive edge, service*, customer care
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