In the world of real estate, having the ability to read the market and make accurate predictions is a valuable skill. Today, we sit down with Ben, a seasoned expert known for his keen insights and foresight in the real estate industry. He’s here to shed light on recent developments and share his thoughts on the current state of the housing market.
Over a year ago, Ben forecasted homes selling at base price, and now it’s a reality. Recently, we’ve witnessed homes selling below base price, fully furnished with landscaping included. On the flip side, resale activity is on fire, with 11 sales in the last month – and 8 didn’t drop their prices at all!
Predicting the Unpredictable
Ben’s reputation as a market predictor precedes him, and we dive right into the discussion. “I predicted over a year ago that we would eventually reach a point where homes here would be selling at base price,” he begins. “And now, that prediction is becoming a reality.”
Selling at Base Price
Ben explains that in recent months, there have been several home sales that have occurred at the base price, meaning buyers are paying what they would if they walked into the builder’s office and selected the base model, without any additional upgrades or options. This trend is noteworthy, as it marks a significant shift in the market dynamics.
Selling Below Base Price
“But that’s not all,” Ben continues. “In today’s market, we are witnessing an even more intriguing phenomenon—homes selling below base price. These properties come fully furnished, with full landscaping, and all the bells and whistles you can imagine.”
Steady Activity in the Market
Switching gears, we discuss overall market activity. Ben highlights that there have been 11 resale home sales in the last month, a positive sign for the market. What’s particularly striking is that eight of these sales occurred without any price reductions, a departure from the recent past when price drops were common.
The Return of Reality
“People are coming back to reality,” Ben observes. “Homes that are selling quickly are those that are complete and offer that ‘wow factor’ from top to bottom.”
As our conversation comes to a close, it’s evident that the real estate market is undergoing significant shifts. Ben’s insights remind us of the ever-changing nature of the industry and the importance of staying ahead of the curve. Whether you’re buying or selling, understanding these trends is crucial in making informed decisions in today’s dynamic market.
For more real estate insights and guidance, stay tuned to our blog. Ben’s crystal ball may have provided a glimpse of the future, but there’s always more to explore in the world of real estate. Message us @ SHEA PREFERRED REALTY