Blog Page

Join Me on Instagram for Exclusive Real Estate Insights!

Hi There!

I hope this message finds you well. I’m excited to share some news with you – I’ve just launched my official Instagram account dedicated to all things real estate!

You can find me on Instagram as @erin.harold.broker, and I invite you to hit that follow button to stay connected. Here’s a sneak peek of what you can expect from my Instagram:

Real Estate Tips: Stay informed with the latest real estate trends and market updates. Knowledge is power in the world of real estate, and I’m here to empower you.

Using Real Estate to Build Wealth:

Learn how strategic real estate investments can be a path to financial prosperity. I’ll be sharing insights on investment opportunities and wealth-building strategies.

Tips for Home Maintenance: Discover essential insights and practical advice on how to maintain and enhance your home’s value. From seasonal upkeep to renovation tips, I’ve got you covered.

Exclusive Luxury Properties: Get a glimpse into the world of luxury real estate. I’ll be showcasing some of the most exquisite properties in Washington State and beyond.

Global Properties: Explore stunning homes from around the world. Whether you’re dreaming of a villa in Tuscany or a beachfront retreat in the Caribbean, I’ll be sharing some incredible international listings.

Follow Me

I’m thrilled to have this platform to connect with you on a more personal level and share my passion for real estate. Your support means the world to me, and I can’t wait to interact with you on Instagram.

Thank you for being a part of my real estate journey. Let’s embark on this exciting Instagram adventure together! Feel free to reach out with any questions or topics you’d like to see me cover.

202 Mid-year review

MERKET UPDATE

Update on Median Days on Market in Our Communities:

As we continue to monitor the local real estate market, we wanted to provide you with an update on the trend we previously discussed. In the past month, most areas in our market have continued to experience a slight increase in the Median Days on Market, although typically by just one or two days.

The Median Days on Market metric remains a critical factor in understanding the pace of home sales. The ongoing increase suggests that homes are taking slightly longer to sell before finding interested buyers in our area.

For sellers, this reinforces the importance of employing strategic pricing strategies, implementing effective marketing techniques, and making their homes stand out in a competitive market. Working with experienced professionals who understand the evolving buyer preferences can significantly enhance the chances of a successful sale.

On the other hand, buyers can still benefit from this increased Median Days on Market. The additional time allows for a more thorough exploration of available properties, increased negotiating leverage, and the opportunity to conduct comprehensive due diligence before committing to a purchase.

At MSIR, we remain committed to staying informed about the local market trends. Our team’s expertise and dedication empower us to guide both buyers and sellers through these changing dynamics, ensuring that their decisions are well-informed and aligned with their goals.

If you have any questions or would like personalized insights into the current market conditions, feel free to reach out to us. We’re here to assist you every step of the way.

#RealEstateUpdate #MarketTrends #MedianDaysOnMarket #BuyersAndSellers #ExpertGuidance #MSIR

For more detailed information on over 60 area communities, take a look at our latest Market Report!

Click Here to Read
Erin Harold
Sales Associate -Marketplace Sotheby’s International Realty
+1 2063268961
Erin.Harold@SothebysRealty.com
View Website

Market Update

Over the past few years, the communities in our area have experienced consistently high list-to-sale price ratios, often surpassing 100%. This meant that properties were frequently selling for more than their listed prices. However, in recent times, there has been a noticeable shift in the market as list-to-sale price ratios are now trending towards 100% or slightly lower, even dropping to around 90% in certain areas.

This suggests a potential slowdown or stabilization in the real estate market, where sellers are no longer able to command prices significantly higher than their initial listings. In summary, the area has transitioned from a period of exceeding list prices to one where properties are selling closer to their listed values, indicating a possible shift in market dynamics.

Considering this and other aspects of our fluctuating market, it is more important than ever to work with a trusted real estate broker with demonstrated skill, knowledge, and experience. With all of those qualifications and the backing of the only truly global real estate network, nothing compares to Marketplace SIR agents to best represent your investment.

I would love to help you discover what’s next for your real estate journey, please feel free to reach out to me any time!

Best,

Erin

+1 2063268961

erin.harold@erinharold.com

MARKET UPDATE

In our local market, we’ve noticed an interesting trend: an increase in the Median Days-on-Market for the majority of communities. Let’s dive deeper into what this means and how it impacts buyers and sellers.

Median Days-on-Market is a crucial real estate metric that measures the time it takes for homes to sell. With the recent increase, it suggests that properties are staying on the market longer before finding a buyer in our area.

For sellers, this shift indicates the importance of strategic pricing, effective marketing, and making homes stand out in a competitive landscape. Understanding buyer preferences and working with experienced professionals can help navigate these changes and optimize the selling process.

Buyers, on the other hand, can benefit from the increased Median Days-on-Market. It provides them with more opportunities to explore available properties, negotiate favorable terms, and conduct thorough due diligence before making a decision.

At MSIR, we stay attuned to the local market trends. Our expertise in this evolving landscape empowers us to guide both buyers and sellers effectively, ensuring they make informed decisions that align with their goals.

For more detailed information on over 60 area communities, take a look at our latest Market Report!

Click Here to Read
https://www.erinharold.com/new-page-2/

Relocation Specialist

Are you considering a move to the Phoenix or Scottsdale area? As relocation specialists with years of experience in the local real estate market, we can help you find the perfect home for your needs.

With our expertise, you can rest assured that you’re in good hands. Whether you’re looking for a retirement community, a family-friendly neighborhood, or a luxury property, we have the knowledge and resources to help you find what you’re looking for.

Don’t settle for anything less than the best. Contact us today to learn more about our relocation specialist services and how we can help you make the move to Phoenix or Scottsdale.

Contact us today. Discover what’s next.

Email Erin

A little good news about mortgage rates!

Even with the current mortgage interest rates hovering somewhere between 4-7%, depending on your financial profile, this is still nothing to complain about. In the early 1900s, homebuyers typically had to pay a 50% down payment with a 5 year amortization period. This meant that those who bought a house or property typically already had a lot of money. If you were buying a $100,000 house, you would have to pay $50,000 and pay off the remaining $50,000 within 5 years.

So let’s go shopping for your new house!!!! Call me.

Read about the history of mortgages with this fine article.