Fields of Real Estate Sales & Construction
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April Newsletter

April 2014

FIELDS OF REAL ESTATE

NEWS YOU CAN USE

    

April, spring, new possibilities! Spring is such a time of rejuvenation and beauty.  Flowers popping their heads out of the ground, trees budding, birds singing, life renewed.  After this brutal winter I think all of us want warmth, change and new opportunities.  Let's make them happen.

Duck Creek Estates is a busy place!  We have sold three lots in a week and are seeing more activity daily.  It is a beautiful development and the woods, creek and wild flowers are just beginning to come to life.  The road is to be paved soon and there will be paved walking and bike trails.  Come out and look at the lots.  You are not buying just a parcel of land, but an amazing lifestyle.

Sales are up, we are busy!  We need more listings because inventory is selling fast.  This is a great time to list, a great time to buy and a great time to build.  Call us so we can discuss your needs.

We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.
C. S. Lewis 

Courage is being scared to death... and saddling up anyway.
John Wayne

 

SPRING INTO REAL ESTATE

Last year, housing prices increased more than they had in seven years, and buyers’ markets turned into sellers’ markets overnight. In many cities and towns across the country, this price jump was a result of inventory shortages that forced buyers to compete over the few homes that were available for sale.  Will the housing recovery continue at a fast pace this spring, or will it slow down to let real estate consumers catch up?

REAL ESTATE FACTS FOR SPRING 2014

Whether you’re buying or selling a home, you need to be planning for the opening of the spring home buying season.  Spring is the time of the year when most new homes come onto the market and when most buyers are looking—especially families with school-age children who want to be settled in their new homes in time for school in the fall.

The spring season sets the pattern for the year in terms of sales and price.  So even if snow is still on the ground, it’s time to get an idea of what to expect when your housing market emerges from hibernation.

Prices will rise—slowly. After huge gains in many markets, home prices retreated in the fall of 2013 and the recovery’s momentum slowed.  While home prices are expected to continue to rise this year, the stage has been set for them to do so at a much slower pace than last year.  Experts predict that prices will rise between 3 percent and 4 percent nationally—more in the hot markets of California and less in markets such as Ohio, New England, and the Southeast.

An upswing in prices is good news for sellers hoping to get good money for their homes.  Yet prices remain below their historic highs, despite the rising prices, which is fortunate for buyers.

Inventory may be limited. On January 1, inventory on Realtor.com database of nearly 2 million listings had fallen to virtually the same levels as last year, erasing the year-over-year inventory growth. This raises questions about the possibility of a return to the market dynamics of last year, which saw inventory shortfalls drive prices upward.

Monitor inventories to see if they grow as significantly as they should have in February and March.  If not, you might see a repeat of last year’s shortage-driven price bubbles.

Market times will be shorter. If you’re a buyer, be ready to move fast this spring.  The average market time among the 52 markets surveyed by RE/MAX in November was only 68 days.  These short market times indicate that other buyers are ready to move fast, and you should be too.

Of course, market time will vary by the price of the home.  Lower priced entry-level homes will sell faster than luxury homes priced at $1 million or more.  According to the Institute for Luxury Home Marketing, more expensive homes are selling in a median of 181 days.

There are more question marks than usual this spring season because of the dramatic price surge of 2013 and the unanticipated shortages of homes last year.  Even so, the 2014 season should be much better for buyers and sellers, with prices on the rise (but still below historic peaks in most markets) and mortgages easier to get for borrowers with good jobs and good credit.

That is great news for all of us, buyers, sellers, agents and banks!!!  Call us for more ideas, staging tricks and recommendations on getting ready to jump into the real estate market.

We have ventured far into the commercial market this year.  The results have been outstanding.  So if you have a business, commercial venture or retail shop we can help you.  We have made great strides in this area and have a team of experts on board~~~inspectors, lenders, hard money lenders, property managers, consultants and contractors.

We have also joined ListHub and now our properties can be seen on over 170 web sites.  We have partnered with GSF and the paring has been awesome.  I do not think you will get any better advertising anywhere, no matter the size of the company.

I especially like the following quote, because it sums up our mission here at Fields of Real Estate Sales & Construction.

If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception, it is a prevailing attitude.

Colin Powell

We hope you enjoy your spring, have a blessed Easter, a glorious rebirth and sail into summer with joy in your heart.

Remember to call s for all your real estate needs, big or small.  We thank each and every one of you for your loyalty and the help you have given us that allows us to grow and expand.

 

Fields of Real Estate Sales & Construction
N2657 County Rd N
Appleton, WI 54913
Office (920) 358-9003  Fax (920) 687-0358
Kris' Cell (920) 707-3002
Judy's Cell (920) 242-0423
Contact us for more details!