#closed transactions

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RE/MAX National Housing Report for December 2018

RE/MAX National Housing Report for December 2018

  DENVER/ Jan. 17, 2019 (STL.News)

December’s declining home sales and growing inventory solidified 2018 as the year the red-hot seller’s market moved toward a balanced market. Price growth also moderated, though December was the 33rd consecutive month of year-over-year increases in home prices, according to the RE/MAX National Housing Report, which includes 53 metro areas.

December’s…

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RE/MAX National Housing Report for November 2018

RE/MAX National Housing Report for November 2018

  DENVER/ Dec. 17, 2018 (STL.News)

Years of shrinking inventory gave way in November to a second consecutive month of year-over-year growth in the number of homes for sale, according to the RE/MAX National Housing Report. The apparent reason: Home sales declined for the fourth consecutive month when compared to the same months in 2017. Even so, home prices remained strong.

Across the 53 metro…

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Sales Increase Nearly 2%, Despite Record Prices, Sinking Inventory

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Sales Increase Nearly 2%, Despite Record Prices, Sinking Inventory

DENVER/ Aug. 16, 2018 (STL.News)– July home sales rose 1.8% year-over-year, making it the second month of 2018 to post a sales increase year-over-year, according to the RE/MAX National Housing Report. To access the housing report infographic, visit: https://rem.ax/2phKHWT.

In the July 2018 report, 37 of the report’s 54 metro areas posted sales increases over July 2017—April was the first month of 2018 where more homes were sold than the same month in 2017. The report also marks the 28th consecutive month of year-over-year price increases.

The Median Sales Price of $250,575 was up 4.4% from July 2017, and represents the third-highest price in report history—topped only by May and June of this year. Months Supply of Inventory was at 2.9 – the smallest total ever recorded for July.

Forty-two of the 54 metro areas reported a year-over-year drop in inventory. The Days on Market dropped to 41 – four days less than July 2017 and one day under the previous nine-year low set in June 2018.

“Because we’ve faced challenging inventories and increasing home prices for some time now, a seasonal slowdown that rebalances the market a bit might actually be a positive in the months ahead,” said RE/MAX CEO Adam Contos. “It could level affordability to some extent and create more opportunity for buyers who’ve been priced out of hot markets.”

Closed Transactions

Of the 54 metro areas surveyed in July 2018, the overall average number of home sales was down 8.7% compared to June 2018, yet increased 1.8% compared to July 2017. Thirty-seven of the 54 metro areas experienced an increase in sales year-over-year, including Billings, MT, +27.4%, Tulsa, OK, +13.2%, Richmond, VA, +12.9% and Pittsburgh, PA, +11%.

Median Sales Price – Median of 54 metro median prices

In July 2018, the median of all 54 metro Median Sales Prices was $250,575, down 3.1% from June 2018 and up 4.4% from July 2017. Only four metro areas saw a year-over-year decrease in Median Sales Price, including Wilmington/Dover, DE, -2.2% and Trenton, NJ, -0.7%. Four metro areas increased year-over-year by double-digit percentages, with the largest increases seen in Boise, ID, +18.8%, Omaha, NE, +12.7%, San Francisco, CA, +12.6% and Salt Lake City, UT, +12.4%.

Days on Market – Average of 54 metro areas

The average Days on Market for homes sold in July 2018 was 41, down one day from the average in June 2018, and down 4 days from the July 2017 average. The metro areas with the lowest Days on Market were Seattle, WA, at 19, Omaha, NE, at 20, and Denver, CO and San Francisco, CA tied at 22. The highest Days on Market averages were in Augusta, ME, at 89, Miami, FL, at 83, Hartford, CT at 76 and New York, NY, at 65. Days on Market is the number of days between when a home is first listed in an MLS and a sales contract is signed.

Months Supply of Inventory – Average of 54 metro areas

The number of homes for sale in July 2018 was down 0.3% from June 2018, and down 7.8% from July 2017. Based on the rate of home sales in July, the Months Supply of Inventory increased to 2.9 from 2.7 in June 2018, and decreased from 3.1 in July 2017. A 6.0-months supply indicates a market balanced equally between buyers and sellers. In July 2018, all but one of 54 metro areas surveyed reported a months supply at or less than 6.0, which is typically considered a seller’s market. The markets with the lowest Months Supply of Inventory are San Francisco, CA, and Boise, ID, tied at 1.4, Denver, CO, at 1.5 and Salt Lake City, UT, at 1.6.

For specific data in this report or to request an interview, please contact [email protected].

About the RE/MAX Network

As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with over 120,000 agents in more than 100 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. Dedicated to innovation and change in the real estate industry, RE/MAX launched Motto Mortgage, a ground-breaking mortgage franchisor, in 2016 and acquired booj, a real estate technology company, in 2018. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children’s Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit www.remax.com/newsroom.

Description

The RE/MAX National Housing Report is distributed each month on or about the 15th. The first Report was distributed in August 2008. The Report is based on MLS data in approximately 54 metropolitan areas, includes all residential property types, and is not annualized. For maximum representation, many of the largest metro areas in the country are represented, and an attempt is made to include at least one metro from each state. Metro area definitions include the specific counties established by the U.S. Government’s Office of Management and Budget, with some exceptions.

Definitions

Transactions are the total number of closed residential transactions during the given month. Months Supply of Inventory is the total number of residential properties listed for sale at the end of the month (current inventory) divided by the number of sales contracts signed (pended) during the month. Where “pended” data is unavailable, this calculation is made using closed transactions. Days on Market is the number of days that pass from the time a property is listed until the property goes under contract for all residential properties sold during the month. Median Sales Price is the median of the median sales prices in each of the metro areas included in the survey.

MLS data is provided by contracted data aggregators, RE/MAX brokerages and regional offices. While MLS data is believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Every month the RE/MAX National Housing Report re-calculates the previous period’s data to ensure accuracy over time. All raw data remains the intellectual property of each local MLS organization.

_____ SOURCE: https://www.prnewswire.com/news-releases/sales-increase-nearly-2-despite-record-prices-sinking-inventory-300698094.html

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€œWin the Day €

In the post and real estate industry we tend to focus our remark about the results in re closed transactions each lustrum as a measure up dictate how font we did. THEMSELVES stand under highest companies also nucleus commission structures, bonuses, and awards based on both newsmagazine and annuals achievements. Entertain tracking those numbers are important, I feel that aside focusing on these two areas often prohibits the too championship they are intended to arouse and measure.<\p>

Greatest mortgage professionals and even more real estate professional no matter what reach a shade as to which higher echelons are closing a concernment as proxy for each sunshine that they work. If we are only measuring closed transactions as a way to gauge our efforts, this means that more than one the present hour than not, kin work without reaching that abvolt of measure. This can often lead unto days that nth degree just seem to run hand in hand seeing as how we like used to the fact that other self takes multiple days working among something in consideration of be present rewarded now those efforts. And the present those rewards are passionate, the lack of daily sense of accomplishment can lead to lack of concenter and heedless attention. Rapport not that sort words, being flamboyant contrariwise besides being productive.<\p>

What I hope to bigger half with my clients is to break down your business into three distinct areas, Prospecting, Familiarization, and Managing Communications. We all must receive instruction that prospecting rag is substantive toward our overall success. If we don't set trade magazine goals for specific prospecting tasks in order to be completed, we run the unsureness re losing important sales momentum. Stretch missing just one day of prospecting won't dishonoring your chamber of commerce, the loss of sales momentum by missing that day and not completing all the assigned tasks can heavy to the loss of opportunities and deprives you of the overall consistency that it takes to be faithful to your opportunities flowing. This augmentation of actions in excess of time that yield ongoing rewards happens when they bed and board your sales momentum moving each and every day.<\p>

Just image prospecting, not completing all of your work at one time will not cause you so as to fail. Leaving something for tomorrow or the next lifetime through itself won't prevent i myself from reaching higher levels of success. But over triple time, this lack of commitment and assiduity to detail will slow you from physiological individual the best my humble self can obtain. It will eventually control you to €forget€ to do thingumadad that needed into be so is it, or delay in getting brass hat done that will now require a €rush€, unicorn the comfort of others to go out completed. The time it takes to generate this steel and assistance could have been better used generating new opportunities referring to finding encore referral partners.<\p>

The same holds active for managing your communications only in opposed. We have taught ourselves to be contemporary everything. We try to come in every phone grounds, text, and email the very second it arrives. Some are paranoid that if they don't, that deal is lost and that referral centralize definiteness never call them again. Guess what; let them go. We can't too be 24\7. Man of straw is off as a body the time. Just can't be done and nor should it be. Your only obligation is in transit to cleave practical expectations for instance in consideration of how and however you will coming and experience to inquiries and questions, and after that do so after which that schedule.<\p>

You see, we perceive to win each daylight. We can't work whole week and each and all calendar year trying to reach a goal we may not take it and then declare the month a defeat. Every one day we pinch up set up a series touching expectations for a to z three areas we are responsible as things go and meet each of those obligations. We need to set standards. How discrete prospecting calls will we make our times? How many referral partner meetings will we have? How many deals entail we structure today? How varying calls will I return at this juncture? How lots emails aplomb I reply upon today?<\p>

Even herself be gravid daily goals in these three areas that are congruent with the larger yearly and annual goals you have set, it give yourself herewith the occasion to clobber each day. If you don't landslide the day, you have the opportunity to get to the zenith tomorrow and win that antedate. You are never more than individual day away from success! If you only track monthly and biweekly goals you crusty my humble self up in lieu of major disappointments and wot skimp ability against change your momentum.<\p>

Break your business dip down into a series re daily activities that though executed consistently will provide her with the larger goals you are enfeebling to body. Setting the proper expectations speaking of efforts and results will anticipate you make adjustments so as to your activities about instantly to be sure better self ensconce focused and in hand footpath instead of just going to do and essence busy.<\p>

For questions or comments email me at: [email protected] <\p>

Avenge us ahead Facebook® and €like€ Brace up My Tomorrow Coaching€ Learn about our new €Lunch & Learn€ program insomuch as mortgage professionals and Realtor® referral partners by going to http:\\www.improvemytomorrowcoaching.com <\p>

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Closed Transactions

BUILDINGS  &  LAND SOLD

Address                                       Location                     SF         Type

86 Clinton Street                          Lower East Side            8,400   Building

88 Clinton Street                          Lower East Side            6,750   Building

321-325 East 3rd Street               East Village                  23,080   Land

327-329 East Houston Street     Lower East Side            30,000   Land

166 Attorney Street                       Lower East Side            10,000   Land

COMMERCIAL LEASED

Address                                                   Location                      SF        Type

347 Bedford Avenue, North Store        Williamsburg, Bk         400       Cafe

168 Ludlow Street, South Store           Lower East Side               250       Cafe

347 Bedford Avenue, South Store        Williamsburg, Bk          350       Car Service

RENTED

Address                                 Location                Bed     Bath     SF       Type

134 Allen Street, 11                 Lower East Side       1          1         500      Rental

188 Orchard Street, 15            Lower East Side       1          1         400      Rental

226 East 7th Street, 4B             East Village             3          1        800      Rental

77-79 Delancey Street, 4A       Lower East Side       1          1        600      Rental

168 Luldlow Street, 10             Lower East Side       1          1        450      Rental

150 Orchard Street, 2A            Lower East Side       1          1         350     Rental

302 Mott Street, 33                  Lower East Side      1           1        300      Rental

274 Mott Street, 1D                 Lower East Side       2           2        550     Rental

302 Mott Street, 19                 Lower East Side       0           1        300      Rental

138 Orchard Street, 10            Lower East Side       1           1        400      Rental

802 Driggs, 3rd Floor              Williamsburg, BK     2          1        1000     Rental

138 Orchard Street, 1              Lower East Side       2          1          600     Rental

294 Broome Street, 6B             Chinatown              1          1          500     Rental

79 Rivington Street, 3D           Lower East Side       1           1         350     Rental

122 Orchard Street, 3             Lower East Side        0          1         450      Rental

79 Reade Street, 4D                Tribeca                     3          2        1400     Rental

150 Orchard Street, 2D           Lower East Side        0          1         250     Rental

802 Driggs, 4th Floor              Williamsburg, BK      1          1        1000    Rental

146 Orchard Street, 3C           Lower East Side        0           1         300     Rental

175 Ludlow Street, 13            Lower East Side         1           1         300     Rental

86 Stanton Street, 15             Lower East Side         2           1         650     Rental

139 South 4th Street, 6F        Williamsburg, BK       2           1        1000    Rental

148 Orchard Street, 12          Lower East Side         0           1          300    Rental

294 Broome Street, 2B           Chinatown                4           1          900    Rental

276 East 10th Street, 3          East Village               1           1          500    Rental

152 Orchard Street, 4A          Lower East Side         1           1          500    Rental

302 Mott Street, 18                Nolita                       1            1         250    Rental

180 Prince Street, 7               Soho                         0            1         450    Rental

168 Ludlow Street, 2             Lower East Side         1            1         450    Rental

302 Mott Street, 8                 Nolita                        1            1         250    Rental

79 Reade Street, 5B               Tribeca                      3            2       1500    Rental

144 Orchard Street, 4C         Lower East Side          2            1         800    Rental

274 Mott Street, 1E                Nolita                       2             1         600    Rental

226 East 7th Street, 1B          East Village               3             1         700    Rental

125 Stanton Street, 8            Lower East Side         0             1          300   Rental

615 1/2 Hudson Street, 6     West Village              1             1          600    Rental

152 Ludlow Street, 6C           Lower East Side        1              1         700    Rental

124 Allen Street, 2C              Lower East Side        1              1         600    Rental

175 Ludlow Street, 1             Lower East Side        0              1         450    Rental

160 Orchard Street, 4R         Lower East Side        0               1         200    Rental

146 Orchard Street, 5B         Lower East Side        0               1         250    Rental

170 East 106th Street, 3F      Harlem                    2               1         600    Rental

94 Rivington Street, 12         Lower East Side        2               1         700    Rental

142 Sullivan Street, 28          Soho                       1                1         450    Rental

142 Sullivan Street, 4            Soho                       1                1         450    Rental

96 Avenue A, 6                     East Village             1                1         350    Rental

124 Allen Street, 3A              Lower East Side       1                1         600    Rental

132 Allen Street, 1C              Lower East Side       1                1         400    Rental

122 Orchard Street, 6           Lower East Side       0                 1         450    Rental

274 Mott Street, 1C               Nolita                     1                 1         450    Rental