What Can We Learn From the 2016 Market?

Thursday, February 2, 2017

What Can We Learn From the 2016 Market?

Today we’re taking a quick look back at the 2016 market to see what we can expect moving forward in 2017.

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Today we’re taking a quick look back at the important things from the 2016 real estate market and what you can expect going forward.

In 2016, we had a great year in real estate, but sometimes buyers had a bit of challenge finding homes thanks to low inventory. Sellers, on the other hand, were able to get their homes sold very effectively. Inventory is at an all-time low. Homes in the $150,000 to $200,000 range are selling the quickest, but homes priced above $300,000 can take up to a few months to sell. If you’re planning to sell your home that’s valued in this range, you can expect to wait a little bit.

This is because we ended up having such a low overall inventory that builders came in wanting to make the most money possible, so they built on the higher end of price ranges. That left us with a higher supply in the higher price ranges.

If you’re thinking of selling, though, right now is a great time regardless of your price range due to low inventory. As we move into the spring and the rest of the year, we will see more and more people who wanted to wait for after the holidays start listing their homes for sale. Some will go under contract quickly, but overall, you’ll face more competition as a seller.

If you can help it, don’t wait for the spring to sell.

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If you’re thinking of selling, don’t wait for the spring selling frenzy.

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If you have any questions for me, you have any topics you’d like to learn more about, or you’re thinking of selling your house soon, give me a call or send me an email today. I’d love to help you!

About Don

Don sold more homes than 99.5% of the agents in the region. He perfected a low cost yet full service discount MLS listing program that revolutionized the way people sell real estate.

Don Anthony Realty is a hybrid real estate brokerage where we use the Multiple Listing Service (MLS), blanketing Internet exposure, and professional signage to effectively market and sell property for a low flat fee up front and a small percentage when the property sells. We are a locally owned and operated independent brokerage, yet are a part of a nationwide network of like-minded real estate professionals. Since forming Don Anthony Realty in 2006, Don has quickly become one of the top agents. Our inventive and highly successful home-selling program is creating raging advocates that are feeding our business with referrals. Our goal is to change the way people buy and sell property, and our discount real estate commission, full-service listing program is doing just that!

Don Anthony Realty
Charlotte: 704-644-1467
Triangle: 919-972-8448
Info@DonAnthonyRealty.com
www.DonAnthonyRealty.com

Testimonials

Jim - "Our results have been, well, very good more than once. We've worked with Don more than one time. I think selling and buying more than two times, I guess. Really good experience. I'll be honest, it's always that way. The whole process, I've liked it from the beginning and I think it's one of the best in terms of the real estate business."

Daniel - "The results were positive throughout. I was very satisfied, extremely satisfied. I give them a 10 on a scale 1 out of 10, 10 being the highest. I would recommend them to anybody because there was nothing discount about a discount broker. There was nothing discount about Don Anthony and his staff. I was so happy because when I needed a little hand holding, I don't like to admit it. It can bring a lot of anxiety sometimes when selling a home. You have to have some people who can understand what it is that you're going through. We had a horrible experience with the buyer. It was just a nightmare. Don Anthony and his team were very supportive, extremely supportive. That saw us through. It got us through the experience. It's difficult sometimes to sell a house. Both Don and the broker who assisted us, Leanne, I can't say enough good about her. When needed, they contacted the buyer's broker on our behalf when the buyer was trying to pull all these fast ones on us. I won't go into the details because we don't have time for that, but it was pretty amazing. It was pretty gross what this buyer was trying to do. They advocated, both Leanne and Don Anthony were very good advocates and they made the deal happen. It almost unraveled at the last minute after this guy had the place appraised just at the last minute. He said he didn't agree with his appraisal. He wanted to buy the house for $30,000 less after we spent $10,000 to make the changes he wanted. He pulled that on us, and that would've been a $40,000 loss to us at the time. We had already committed to purchasing another house. Nobody does that. But Don Anthony and Leanne helped us through all of that. Don Anthony and Leanne were the best to work with. They were always there when we needed them."

Patrick - "We listed with him, at a really good price. They showed the house about four or five times. It sold within about a week or two. I was so excited I couldn't believe it. They were very professional. It was a very good experience. We were just overwhelmed. I had a couple of houses for sale because I had remarried. We had a couple of houses we were trying to unload things. This is such a relief. They did a wonderful job, very professional, and upfront. They actively promoted the house. We had several houses because my wife had passed away and my [current wife's] husband had passed away. We ended up with several houses that we had rented [out]. We were trying to sell [these] houses, and Don Anthony's crew went on the offensive. They had people calling in and everything. I don't know what they did, but they really had out-shown everybody else we had representing us in the other houses we were selling."