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Home | Real Estate Blog | Articles | Video | Forum | Success Goal | 中文
Reason 64 - Your Real Estate Agent Shows You How to Sell Properties Online
The movement in the real estate sector nowadays has changed significantly. People have largely embraced the technology, whether in scouting for budget-friendly properties, or looking for perfect locations of properties, among others.
Today, the Internet is one of the most effective tools for real estate trading activities. Although traditional methods, like face-to-face initial transactions, have not lost their power, more and more people are depending on information they get from the Internet.
In the past, “blogging” was almost an unknown entity and certainly not familiar to the majority of real estate traders. Today, however, more realtors are involved in blogging portals to high extent.
At the same time, the use of the Internet by buyers and sellers continues to grow dramatically, Nowadays it is hard to find a consumer who isn’t searching for homes and learning about real estate and real estate agents online.
Consumers these days have many advantages by working with a realtor (and other real estate professionals such as stagers, mortgage officers, title and escrow coordinators, inspectors and so on) who blogs and relate to other people in the messages they post on their blog sites.
Real estate agents derive many advantages as well from their blogging for consumers. Real estate consumers can get so much information online. Realtors, the other hand, are increasingly making their presence felt strongly in the World Wide Web in order to get ahead of the competition and expand their client bases.
There are movements in the real estate industry that will help buyers, or even realtors to carefully monitor the market closely, at the same arrive at the best decision in purchasing properties at this time, and age.
During February, sales of 272 single-family homes and 402 condominiums were reported through the MLS (Multiple Listing Service), an increase in sales of 9.7 percent for single-family homes and a decrease of 17.5% for condominiums, compared to the same month last year. About $614,500 was the mean price in February for a single-family home, while the middle-priced condo was $320,000.
Sales volume is lower by approximately 2.9% on a year-to-date basis, for single-family homes, whilst a drop of 17.3% was recorded for condominiums. At the same time, the median prices during the first two months of 2007 were $610,000 and $320,000, which equates to a decline of 0.8% for single-family homes, yet an increase of 4.9% for condominiums, compared to same time period in 2006. A decrease of 6.0 percent, or $46 million in total dollar sales volume for the first two months of the year was $721 million, as compared to the $767 million generated in the housing market in the same time period one year ago.
There is a 0.2% increase in single family homes median sales price from last year, while a 1.6%% increase in Condominium Median Sales Price in February 2007 compared to the same month last year.
There is a 9.7 % increase in Single Family Homes Sales Volume from last year; while, a 17.5% decrease in Condominium Sales Volume in February 2007 compared to the same month last year.
Harvey Shapiro, a well known research economist at the Board of Realtors said that “the residential sales market continues the trend of slower sales but higher prices, with small increases on both sides of the market.”
Shapiro added that as judged by the days on market indicator, which shows the length of time a property is on the market before it sells, activity is still slowing, dropping in February to 70 for single-family homes and 59 days for condominiums.
Buy, Sell, Rent, Invest, In Singapore
Billy Chen
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com
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