How’s the Market?

Everytime someone asks me what I do, I get asked this question every single time. The answer is simple. It depends on whether you are a buyer or a seller. Why does that matter?

That question matters because the answer will be tailored based on which side of the coin you are on. If you are a buyer, you’ll need to understand how competitive the market can be. If you are a seller, you’ll need to know that you have an advantage but only under certain circumstances.

Let’s look at July 2016 numbers and evaluate the market.

July 2016

This chart shows that sales in DFW for single-family homes and condos/townhomes are down by 2% to 10,011 homes sold in July. The average sales price in DFW is up by 5% at $277,966.

Let’s get specific and look at the numbers in Denton County.

Denton County Stats July 2016 - Edited

New listings on the market in Denton went down to 1,818 in July 2016 compared to 2015. Sales went down to 1,368 in July 2016 as well. As popular as Denton County is becoming, it increases the sales prices as well. The average sales price in Denton County rose to $323,637. The days on the market increased to 33 days but the months of inventory still stayed the same at 2.5 months. The inventory level indicates that Denton County is still a seller’s market.

How Do These Stats Weigh for A Seller? 

The stats prove that the number of homes on the market are low. Your home could sell in this market if it has been maintained and most importantly, priced right. On average, homes are selling within a month’s time and the purchase price of the homes are up. That means you’re able to gain your equity in the sale of your home.

How Do These Stats Weigh for a Buyer? 

The stats prove that the market is still competitive with a rise on prices. Sellers are getting an average of 98.9% of the asking price for their home. Example: If the home is $100,000, then most sellers are getting $98,900 for the sale of their home. Make your offer competitive enough to get the home in this area.


MEGA CAMP 2016 – Keller Williams

I’m back on the road again but this time it is for the Keller Williams annual convention in Austin, Texas called Mega Camp. I’ve been a KW agent for almost three years. I attended for the first time last year and this is by far my favorite training to attend.

I love to learn things that mega agents across the country are using to utilize their business. This helps me drum up all the ideas, processes, systems, and service that I am able to give my clients.

Every since I made it yesterday, I’ve been writing new things to incorporate into New Avenue Realty and how it would be beneficial to clients. My goal is to make the process of buying and selling a home smooth and retain the relationship that is built durig the process.

You know why? Real estate is a relationship building business. How far I go or what I do will always be dedicated to the people who trust and support it as I grow.

This convention always shows me how much I need to continouly add new components to do just that in my business.