What is a market shift in real estate as it pertains to buyers and sellers

    Contact the Top Team for the accurate market dataBTW, before I get into the presentation, there is a good book written by the founders of Keller Williams.  It’s Called “Shift”. Google it for more information on the topic.

    However, today I’m going to speak as an industry professional. A professional Real Estate Salesperson.

    Depending on the time of year, season and overall economy three paramount real estate market condition scenarios exist.

    Sellers Market

    We may be 100% in the full swing of a Sellers real estate market.

    The Sellers market is lacking real estate and homes for sale. The real estate buyers are out in droves and, in some cases, the investors are making offers that are all cash and are waiting their appraisal contingency.

    The days on market timeframes are very short and when a property is placed onto the market it obtains multiple offers in short order.

    Sometimes in the case of it being a Sellers Real Estate market, we see that there is a lot of “distressed” real estate inventory in the way of short sales and bank owned foreclosures.

    Buyers Market

    A real estate buyers market exists when Days on Market timeframes are extended above those in a Sellers market.

    We see that there is an overabundance of real estate inventory and that buyers are not plentiful enough to keep the market in a “competitive nature”.

    The typical real estate inventory is being priced to a point that is pushing the buyers, with a “median affordability” quotient, to a point of not being able to “afford” to buy real estate.

    Variations of and the Transitional Phases

    And of course, you have those real estate markets that are in transition(in the process of shifting). Somewhere between the full swing of a sellers real estate market and the full swing of a Buyers Market.

    Additional Resources: We have our real estate market Reports by email – check them out here.

    A Top Producing Realtor, one that is not just saying that, but can prove that, will be your best advocate.

    They can advise you as to what type of market exists in the present day and show you how to best take advantage of “that” market.

     

     

     

     

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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