How are interest rates impacting the market? While it’s too early to tell the impact on prices in the medium to long term, we are seeing an increase in activity that suggests that the surge we see in the Spring and Summer months is over-coming the drag that increased interest rates are causing. According to […]
In This Episode We’ll Answer The Question: Should I perform my own home inspection? You might be thinking… Why should I invest in a home inspection when a buyer is likely to perform their own, or If I do perform my own inspection, should I fix & upgrade everything on my inspection? Here’s the truth… […]
According to Global MLS, the marketplace for NY Capital District residential properties, here’s what happened in January 2022 versus December 2021: The Number of SOLD listings decreased by 29% to 571 properties with a top sale of $2.75 million at 420 N Greenbush Rd in Rensselaer County. Average Sales Price decreased by 3% to $280,288. Overall, the market is down […]
In this Episode We’ll Answer The Question: How Do I Compare My Property To Other Homes? In other words, can you compare apples to oranges? In Real Estate… the answer is yes! a. Let’s Just Agree, No Two Properties Are Identical! And while you may feel like you have special property… b. You Must Consider […]
According to Global MLS, the marketplace for NY Capital District residential properties, here’s what happened in November 2021 versus December 2021: The Number of SOLD listings decreased by 5% to 806 properties with a top sale of $1.4 million at 27 Saddle Creek Circle in Saratoga County. Average Sales Price decreased by 3% to $304,088. […]
In this Episode We’ll Answer The Question: How Does The Wrong Asking Price Hurt Me? a. You’re Prohibiting Buyers! b. You’re Lengthening Days On The Market. Statistically homes sell for less the longer they sit on the market–think of days on market as ACID for you equity c. You Can’t “Give It Away”! Look at […]
When a property is priced even a few percentage points outside the predicted trading range, it may cause low buyer traffic, increase days on the market and prohibit showings that eventually lead to offers. This is a price problem, not a market problem. One of the most painful and perhaps desperate positions to be in […]
According to Global MLS, the marketplace for NY Capital District residential properties, here’s what happened in October 2021 versus November 2021: The Number of SOLD listings decreased by 1% to 844 properties with a top sale of $2.1 million at 268 Broadway in Saratoga County. While Average Sales Price increased by 3% to $304,088, the […]
In this Episode We’ll Answer The Question: How To Establish a Price Trading Range? Have you ever wondered how an online estimate, like the Z-estimate on Zillow, is calculated? It can be calculated, because there’s enough big public data to guess at a price! But that’s all it is… a guess. Only a property visit […]
Hi this is Jason, with the Young Home Selling Team, here with your monthly NY Capital District Market Update. If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends. According to Global MLS, the marketplace for NY Capital District residential properties, here’s what happened in September 2021 […]
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