January 2017 – Monthly Market Update

Click here for the full PDF with all the Charts and Graphs for Northwest Arkansas and Fayetteville.

Hey, this is Colley Bailey with Fathom Realty.  Thanks for joining me for another Monthly Market Update.  And really, this is kind of a Yearly Market Update as we look back at the month of December and the year of 2016.

And with a New Year, I have a new announcement as well.  Here in 2017, how would you like to make a few thousand extra dollars or even get your closing costs paid on your next Real Estate transaction? Well, for 2017 I’ve put together some special promotions that will help you do just that.  Stick around to the end, and I’ll tell you more about those programs, and how you can qualify.

Well, I hope you had a very Merry Christmas.  I know we did at the Bailey household.  And I hope the New Year is already treating you well.

Let’s take a look at our yearly numbers across Northwest Arkansas as they compare to last year.  Region wide, those average sale prices increased about 7% Year-over-Year.  In the cities, we saw increases of 7% to 8%.  Bentonville saw the highest average sale price at over $278,000.  Fayetteville and Rogers were pretty evenly matched in price at $234,000 and $239,000.  Springdale was at $186,000.

 

Now, these are record breaking numbers for Northwest Arkansas.  If we look at the Monthly Data from December, we can see that the trend from last month just continued.  We have even fewer properties on the market, but we’re selling a higher number, both Month-to-Month and Year-over-Year.

This is going to keep those prices going upward for the foreseeable future.  Also look at this Month’s Supply number: 3.94.  That means we’re still in a Seller’s Market, even in the middle of the winter.

So my advice is going to be the same as it has been for the last few months.  If you’ve been thinking of selling your property, get it in the market now.  Don’t wait for Spring.  You don’t have to.  There are plenty of buyers in the market now, and buying a house is actually a New Year’s resolution for a lot of people.  There is usually a jump in the number of buyers looking for a home in January.

And, if you are going to sell your house, head over to www.HowToSellNWA.com and grab my free Listing Secrets there.  That will walk you through all my Pricing, Presentation, and Promotion Strategies to get the best results in the marketplace.

Also, if you’ll sign up there, I’ll be able to share those Creative Commission options I mentioned earlier that can help you net Thousands more on your home sale, or get other Agents excited about showing your property to their Buyers, or get Buyers to want your house over all the competition, get it sold faster, or all of the above.  Just from doing business a different way and being creative with the commission structures.  It’s a really unique program, and I’m excited to be able to share this with you and help you make more money.

Now, maybe your New Year’s resolution is to buy a house.  If that’s the case, let’s get one locked down before these prices go any higher, and before interest rates rise too much more.  And if you’ll go to www.HowToBuyNWA.com, I’ll show you how you can save up to $3,000 on your closing costs with my Closing Cost Contribution program.

Pair that with some of the Down Payment assistance programs available from some amazing lenders in the area, and you can get into your new home for very little out of pocket.  So let’s get that new home locked in here at the beginning of 2017, and you can start the year out right, making some homeownership dreams come true.

Don’t hesitate to call me at 479-856-9422 or email me at colleybailey@gmail.com.

Once again, this has been Colley Bailey with Fathom Realty providing “Your Premium Real Estate Experience.” Thanks.

 

Click here for the full PDF with all the Charts and Graphs for Northwest Arkansas and Fayetteville.

December 2016 – Monthly Market Update

 

Click here for the full PDF with all the Charts and Graphs for Northwest Arkansas and Fayetteville.

Hey, this is Colley Bailey with Fathom Realty.  Thanks for joining me for another Monthly Market Update, this time taking a look back at November 2016.

Well, Thanksgiving is behind us, and I hope you and yours had a great holiday.  I know we did.  We went down to Louisiana to see Amanda’s family, then we drove back up to Mountain Home to see my side, and by the time we got back to Fayetteville, we had driven hundreds of miles over several days, hours and hours on the road, so we were exhausted.  But we ate really well.  And I hope you did too.

As for the Real Estate market here in Northwest Arkansas, there were 20% fewer properties on the market this month over this time last year, but at the same time, we actually sold about 19% more properties this November.  So, that’s driving our Sale Prices higher, as you can see.  We’ve seen a 14% increase in our Average Sale Prices.

So again, if you’ve been thinking about selling your home, maybe moving up into a bigger home, or scaling back into a smaller home, or moving closer to work, or whatever the case may be, now is a phenomenal time to make that transition happen.  We know your home should sell quickly, our median days on market are coming down.  And it should sell at a great price.  Not to mention, you’ll still be able to get a great low-interest mortgage.

Now, with all the political changes, who knows what’s going to happen at the Federal Reserve.  They keep hinting at a rate hike, which would make loans between banks more expensive, which will eventually result in interest rates rising on mortgage loans.

And keep in mind that just an increase of a half of a percentage point on a $200,000 loan would mean an additional $20,000 over the 30 year life of that loan.  So, now is the time to buy, while those rates are still at historic lows.

If you’d like specific numbers for your city or neighborhood, I’d be happy to run a Comparative Market Analysis for you to show you how the trends of this market affect your property and your equity.

Also, if you are selling your house, head over to HowToSellNWA.com and grab my free Listing Secrets there.  That will walk you through all my Pricing, Presentation, and Promotion Strategies to get your home sold quickly, and also to price it correctly with this climbing market so you can make sure you’re getting top dollar.

Don’t hesitate to call me at 479-856-9422 or email me at colleybailey@gmail.com.

Once again, this has been Colley Bailey with Fathom Realty providing “Your Premium Real Estate Experience.” Thanks.

Click here for the full PDF with all the Charts and Graphs for Northwest Arkansas and Fayetteville.2016-12-mmu-nwa2016-12-mmu-fay

November 2016 – Monthly Market Update

 

Click here for the full PDF with all the Charts and Graphs for Northwest Arkansas and Fayetteville.

Hey, this is Colley Bailey with Fathom Realty AR LLC.  Thanks for joining me for another Monthly Market Update, this time taking a look back at the numbers of October 2016.

Well, this low-inventory market favoring home sellers continued the trend this month.  Across Washington and Benton Counties, we saw a 16% drop in inventories compared to last October.  Now we also saw the seasonal slowdown in the number of sales going from September to October, but these sales numbers matched pretty closely with this time last year.  But the huge drop in available properties as well as this 20% drop in new properties coming on the market both year-over-year and month-to-month mean that we’re dealing with low supply for the number of buyers that are looking.

All this is coming together to keep our average sale prices steady going from September into October, and we’re actually seeing an 11% increase over last October.

Now, my Fayetteville folks have some interesting news.  The average sale price in Fayetteville this month outperformed last October’s numbers by almost 25%.  We came in at $237,190.  This is actually the 7th highest monthly average sale price in the last 10 years.  And the first and second highest numbers also happened earlier this year, so we’re definitely putting the finishing touches on a really strong year.

If you’d like specific numbers for your city or neighborhood, I’d be happy to run a Comparative Market Analysis for you to show you how the trends of this market affect your property and your equity.

Also, if you are selling your house, head over to www.HowToSellNWA.com and grab my free Listing Secrets there.  You can also pick up a copy of my Listing Secrets DVD.  This contains all my Pricing, Presentation, and Promotion Strategies to get your home sold quickly, and for Top Dollar in this market.  So just let me know you’d like one, and I’ll get one to you straight away.

Don’t hesitate to call me at 479-856-9422 or email me at colleybailey@gmail.com.

Once again, this has been Colley Bailey with Fathom Realty AR LLC providing “Your Premium Real Estate Experience.” Thanks.

Click here for the full PDF with all the Charts and Graphs for Northwest Arkansas and Fayetteville.

October 2016 -Monthly Market Update


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Hey, this is Colley Bailey with Fathom Realty. Thanks for joining me for another Monthly Market Update. Well, it is October 2016, and fall has finally arrived here in Northwest Arkansas after a long hot summer. Temperatures are starting to drop and that beautiful fall weather is starting to take hold. But when it comes to the Real Estate Market, the heat hasn’t gone anywhere. In fact, the numbers for September are pretty impressive across Washington and Benton Counties.

We actually had about a 13% drop in available properties Year-Over-Year, while at the same time, we’ve sold just about the same amount.
That’s also bringing a drop in Average Days on Market and Median Days on Market. And look at the Month’s Supply. Remember that 4 months is an indication of a Seller’s Market. Well, we actually just dipped below 3 Months of Supply in September.

And all of this is keeping our Average Sale Prices trending higher. In fact, September was the sixth month in a row that we’ve seen Average Sale Prices above $200,000, which I believe is a record here in Northwest Arkansas.

Now, I’ve been saying it all summer, but if you’ve got a home to sell, get in the market now. You don’t have a lot of competition, sale prices are higher than ever, and Buyers are craving more inventory to look at right now.

And, you know, the good news for Buyers is that you can still get a great interest rate on your new mortgage. (And if you don’t have a great loan officer, just let me know. I’ve got some I can recommend) That may change at any time. Just about every quarter, the Fed keeps saying they want to raise interest rates again. Who knows when they may actually go through with it.

So right now, we’re in a sweet spot in the market where you can sell one house for a great price, and then buy the next one with a great rate on the mortgage. If you’d like specific numbers for your city or neighborhood, I’d be happy to run a Comparative Market Analysis for you to show you how the trends of this market affect your property and your equity.

Also, if you are selling your house, head over to HowToSellNWA.com and grab my free Listing Secrets there. You can also pick up a copy of my Listing Secrets DVD. This contains all my Pricing, Presentation, and Promotion Strategies to get your home sold quickly, and for Top Dollar in this market. So just let me know you’d like one, and I’ll get one to you straight away.

Don’t hesitate to call me at 479-856-9422 or email me at colleybailey@gmail.com.

Thank you for watching, liking, sharing, and subscribing to these videos.

Once again, this has been Colley Bailey with Fathom Realty providing “Your Premium Real Estate Experience.” Thanks.

Be Bold Like a Baby – Monday Motivation 02-08-2016

So, my second daughter, Scarlett, had her first birthday a few weeks ago. She has been crawling for months now, but until this week she didn’t seem interested in walking.  We’d try to get her to walk back and forth in between Amanda and I.  Every time we’d stand her up, she’d take two quick steps and then drop to her knees and crawl the rest of the way.  She just didn’t want to walk.

Well, this week, she finally got the hang of it.  For several days, she would give it her all, stand up, get her balance and try to take some steps.  Of course, she fell forward, she fell sideways, she fell backward.  She fell every way it’s possible to fall.  But eventually, she found her center, concentrated on taking the steps the right way, and she walked a few steps, then a few more, then a few more.  And now, she is walking all over the house, pretty much anywhere she wants to go.  We are so proud of her!

So the point is that all babies learn to walk by falling down, A LOT.  And the truth is, we never outgrow that.  Anything you want to learn, you will fail at.  You will fail over and over again.  And then, when you have failed enough, you will finally succeed.  It’s hard.  It hurts.  But it’s necessary.

So go out this week, and be bold like a baby.  Don’t be afraid to fail.  Don’t be afraid to try.  In fact, go fail as many times as you can, as fast as you can, so you can learn more quickly.  Go get whatever it is that you want, and don’t let anything hold you back (not even gravity.)

Here’s to Much Success! (And all the Failure it takes to get it!)

Have a Great Week!

July 2016 – Monthly Market Update

Hey, this is Colley Bailey with Fathom Realty.  Thanks for joining me for another Monthly Market Update, this time looking back at the month of June 2016.  I cannot believe we’re this far into the year already.

Well, we are definitely in a Seller’s Market across Washington and Benton Counties.  Look at this: 4.24 Months of Supply.  That means that if no more homes were added to the market, all the current inventory would be gone in 4 months, if we continued selling at the same rate.

And look at the drop in available properties Year-Over-Year, while at the same time, we’ve had a huge increase in properties sold.  So I fully expect our Average Sale Prices to keep going higher through this summer.

If you’ve got a home to sell, get in the market now.  You don’t have a lot of competition, and there are Buyers who are just waiting for the right property to hit the market.

In fact, I had scheduled a showing for one of my buyers on the day the property hit the market.  We scheduled the showing for the next morning, which was the soonest they could go see it.  The agent called me back and cancelled the appointment an hour later.  They had already gotten five offers!  First day on the market, and they had an accepted contract.

So, it is a hot, hot market right now.  If you’d like specific numbers for your city or neighborhood, I’d be happy to run a Comparative Market Analysis for you to show you how the trends of this market affect your property and your equity.

Also, if you are selling your house, head over to HowToSellNWA.com and grab my free Listing Secrets there.  You can also pick up a copy of my Listing Secrets DVD.  This contains all my Pricing, Presentation, and Promotion Strategies to get your home sold quickly, and for Top Dollar in this market.  So just let me know you’d like one, and I’ll get one to you straight away.

Don’t hesitate to call me at 479-856-9422 or email me at colleybailey@gmail.com.

Thank you for watching, liking, sharing, and subscribing to these videos.

Once again, this has been Colley Bailey with Fathom Realty providing “Your Premium Real Estate Experience.” Thanks.