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Real Estate Matters

Members of the Silver City Regional Association of REALTORS-?, Inc. will write periodic columns under this heading to inform the public about real estate matters.

The opinions do not necessarily reflect the opinions of the Grant County Beat.

 Grant YTD Sales 154 | YTD median $147,500 | Active Listings 104 | July Sales 26 | Median sold price $215,500 | July volume $5,684,575 | Average Days on Market 94 | July AVG sales Price $218,638 | Pending listings (under contract) 40

Everybody – not just buyers and sellers – have been asking lately, "How's the market? Has it been impacted by the pandemic?" I think our MLS numbers speak for themselves! In just the past 30 days, 48 Pending listings in our MLS have closed, and 66 have taken their place, clearly showing that properties are still moving quickly. The average "days on market" has increased slightly from last year – 271 days this past month compared to 219 days last year in the same time period.

ANGEL FIRE, NM – (July 28, 2020) – In a time of social distancing the appeal of a small mountain town with wide open spaces and stunning views is increasing. Angel Fire, New Mexico, located high up in the Sangre de Cristo Mountains, is seeing a jump in real estate sales thanks to families looking for the outdoor lifestyle and realtors who have changed how they do business to accommodate them during this global pandemic.

Longtime Angel Fire Broker, Mike Woolley, RE/Max Mountain Realty, explains.

WASHINGTON (April 16, 2020) – A quarter of Realtors® with clients putting contracts on homes this week had at least one do so without physically seeing the property, according to a new survey from the National Association of Realtors®. For those clients, the median amount of homes toured – either virtually or in person – before putting a contract on a home was just three. NAR's 2019 Profile of Home Buyers and Sellers found buyers typically looked at nine homes before placing a contract on a home.

"Expect second quarter home sales activity to slow down with the broad observance of stay-at-home orders, but sales will pick up when the economy reopens as many potential home buyers and sellers indicate they're still in the market or will be in a couple of months" said NAR Chief Economist Lawrence Yun. "Home prices remain stable as deals continue to happen with the growing use of new technology tools. Remarkably, 10% of Realtors® report the same level of or even more business activity now than before the economic lockdown."

WASHINGTON (April 9, 2020) – With an expected slowdown in spring real estate business activity, many Realtors® remain hopeful for a post-pandemic market rebound, according to a new survey from the National Association of Realtors®. The majority of Realtors®believe buyers and sellers will return to the market as delayed transactions following the end of the health crisis. Nearly six out of 10 members – 59% – said buyers are delaying home purchases for a couple of months, while a similar share of members – 57% – said sellers are delaying home sales for a couple of months.

"Home sales will decline this spring season because of unique economic and social consequences resulting from the coronavirus outbreak, but much of the activity looks to reappear later in the year," said NAR Chief Economist Lawrence Yun. "Home prices will remain stable because of a pandemic-induced reduction in inventory coupled with less immediate concerns over foreclosures."

Your home’s curb appeal is the first chance to impress potential buyers. Whether buyers are wowed by a beautiful and well-maintained yard or are repelled by dirty exterior walls and an overgrown lawn can significantly impact your home’s sales price if you're thinking of selling. Start working on your to-do list now so that your home will be ready to be listed and marketed this spring.

“When buyers pull up to a house, they want to be able to picture themselves living in and coming home to it. Dead grass and chipped paint can make that all the more difficult to visualize,” said Kim Clark, Association Executive of the Silver City Regional Association of Realtors. “Making sure your home is prepared - both inside and out - before you put it on the market could help it sell faster and for top dollar.”  

Here are a few tips to make sure your curb appeal is making the best impression on potential buyers:

A Message from Rebecca Dow

Paid for by the Committee to Elect Rebecca Dow

Live from Silver City

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