Jack Nicklaus – the architect behind Quivira, Cabo’s latest golf course opening

As a player, course designer and good-will ambassador, no single person has changed the face of the sport more than Jack Nicklaus, and no name is more synonymous with greatness in the sport of golf than his.

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Jack, 74, has been named “Golfer of the Century” or “Golfer of the Millennium” by almost every major golf publication in the world. He was also named Individual Male Athlete of the Century by Sports Illustrated and one of the 10 Greatest Athletes of the Century by ESPN.

In November 2005, the Golden Bear was honored by President Bush at the White House with the Presidential Medal of Freedom, the highest honor given to any civilian. The honor punctuated a year in which Jack played his final British Open, perhaps his final Masters Tournament and led the United States to a thrilling victory in The Presidents Cup.

Jack’s competitive career has spanned five decades, and his legend has been built with 120 professional tournament victories worldwide and a record 18 professional major-championship titles. He is the only player in history to have won each of the game’s majors at least three times (six Masters, five PGA Championships, four U.S. Opens, three British Opens), and is the only player to have completed the career “Grand Slam” on both the regular and senior tours.

Jack is a five-time winner of the PGA Player of the Year Award, has been the PGA Tour’s leading money-winner eight times and runner-up six times. He has played on six Ryder Cup teams, captained two other Ryder Cup teams and served as U.S. captain for four Presidents Cup teams.

The legacy Jack has left as a player can be rivaled only by the legacy he is leaving as a golf-course designer.

Jack was named GolfWorld’s Architect of the Year in 1993, and in 1999, Golf Digest named him the world’s leading active designer. In February 2005, the Golf Course Superintendents Association of America recognized Jack with its highest honor, The Old Tom Morris Award. In 2001, he received both the Donald Ross Award (American Society of Golf Course Architects) and the Donald Rossi Award (Golf Course Builders Association of America), and was honored with the International Network of Golf’s Achievement in Golf Course Design Award for 2000-2001.

To date, Nicklaus has been involved in the design of 290 courses open for play worldwide, and his thriving business, Nicklaus Design, has 380 courses open for play around the world. Nicklaus Design courses are represented in 36 countries, 39 states, and at least 110 have hosted a combined total of close to 750 professional tournaments or significant national amateur championships. The firm currently has projects under construction or under development in 22 different countries. Quivira Golf Club will be Nicklaus Design’s sixth course in Los Cabos and his 23rd overall in Mexico.

Since 1962, Jack has added the moniker of “businessman” to his lengthy résumé. He is chairman of the privately held Nicklaus Companies. In October 2008, Golf Inc. magazine ranked Jack “The Most Powerful Person in Golf” for the fifth consecutive year, due to his impact on various aspects of the industry through his course design work, marketing and licensing business, and his involvement on a national level with various charitable causes. He was also named “Golf Development Newsmaker of the Year” for 2005 by Golf Inc., and the Robb Report once named Jack the “Leading Power Player” in the golf market.

In January 2008, Jack was recognized for his global impact through design as well as his philanthropic efforts at home when he was presented with The Woodrow Wilson Award for Corporate Citizenship. Bestowed by the Woodrow Wilson International Center for Scholars, the award recognizes executives who exemplify a commitment to the common good—beyond the bottom line—and who demonstrate that private firms should be stellar citizens in their own neighborhoods, as well as in the world.

Jack and his wife Barbara have a long history of involvement in numerous charitable activities, from junior golf to children’s hospitals to several scholarship foundations. Because of their contributions to golf and to community, Barbara and Jack have been honored many times, including the 2007 Francis Ouimet Lifelong Contributions to Golf Award.

Residing in North Palm Beach, Fla., Jack and Barbara Nicklaus are parents to five children and grandparents to 23.

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It has been said that Quivira -Nicklaus’s 26th design in the Caribbean and Mexico-, may prove to be Jack Nicklaus’ most memorable design. Quivira, will feature more seaside holes than any other course in Los Cabos, in a spectacular setting at the tip of the Baja Peninsula marked by sheer granite cliffs, huge windswept dunes and rolling desert foothills.

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For information on golf villas and condominiums available at Quivira — be sure to contact me for a personal tour in the Hummer of the dunes, the historic lighthouse, and properties available for sale.

Sometimes I am hard to catch. If you try me at the following places, you will have a much better chance of finding me:

Kristen Johnson, Realtor
435.659.8041 US & Canada cell 624 122 05 04 Mexico Cell

SheSellsCabo@gmail.com

Los Cabos Mexico is Ready for Visitors!

Cruise ships returned to Los Cabos over the past week. Golf courses also are teeing up once again, and activities and tours such as fishing charters, ziplines and adventure excursions are back up and running. Here is the full list of opening dates:

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HOTELS

Already Open: Bahía Hotel and Beach Club; Hotel Suites Las Palmas; Quinta Del Sol; Cabo Villas Beach Resort & Spa; Pueblo Bonito Los Cabos Resort; Hotel California (Todos Santos); Villa Del Arco Beach Resort & Spa; Villa Del Palmar Beach, Resort & Spa; Villa La Estancia Beach, Resort & Spa; Wyndham Cabo San Lucas; Pueblo Bonito Rosé Resort, Casa Dorada at Medano Beach; Montecristo Estates by Pueblo Bonito; Pueblo Bonito Pacífica Holistic Retreat & Spa, Riu Palace Los Cabos, Grand Solmar Land’s End Resort & Spa; Hacienda Encantada Resort & Spa; Marina Fiesta Resort & Spa; Playa Grande Resort & Grand Spa; The Ridge at Playa Grande; Solmar Resort, Pueblo Bonito Sunset Beach Resort & Spa
Oct. 14: Hotel Guaycura (Todos Santos)
Oct, 15: Hacienda Beach Club and Residences; Tropicana Inn
Oct. 16: Posada Real Los Cabos; Riu Santa Fe; Holiday Inn Express Los Cabos
Nov. 1: Bel Air Collection Resort & Spa Los Cabos; Sandos Finisterra; Royal Solaris Los Cabos; Sheraton Hacienda Del Mar Resort & Spa; El Encanto
Nov. 2: Los Cabos Golf Resort At Country Club
Nov. 3: Barcelo Grand Faro Los Cabos
Nov. 15: Fiesta Americana Grand Los Cabos; Secrets Puerto Los Cabos; Secrets Marquis Los Cabos; Esperanza, An Auberge Resort
Nov. 20: Decameron All Inclusive Resort
Dec. 1: Holiday Inn Resort Los Cabos; Marbella Suites En La Playa
Dec. 15: One & Only Palmilla
Jan. 2015: Sirena Del Mar Welk Resorts; Cabo Azul Resort & Spa
Feb. 2015: Me By Meliá Cabo
April 2015: Hyatt Ziva Los Cabos
July 2015: Hyatt Place Los Cabos
TBA: Best Western Aeropuerto; Capella Pedregal Los Cabos; Meliá Cabo Real; Dreams Los Cabos Suites Golf Resort & Spa; El Ganzo; Hilton Los Cabos Beach & Golf Resort; Las Ventanas Al Paraíso; The Grand Mayan Los Cabos; The Westin Resort & Spa Los Cabos; Zöetry Casa Del Mar, Suites, Golf & Spa Resort

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GOLF COURSES

Already open: Cabo Real; Club Campestre San José; Cabo San Lucas Country Club; Puerto Los Cabos; Querencia
Oct. 9: Quivira Golf Club (new)
Oct. 31 (estimated): Chileno Bay
Nov. 1 (estimated): Cabo del Sol Ocean; Diamante Dunes
Nov. 15 (estimated): Cabo del Sol
Dec. 15 (estimated): Palmilla
Mid-Dec.: Diamante’s El Cardonal (new, Tiger Woods’ first completed 18-hole course)
Nov. 27 (estimated): Punta Su
TBA: El Dorado

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ACTIVITIES

In operation: fishing fleets (Picante, Pisces, Silverados, Solmar and Tequila Fleet); water activities (Cabo Dolphins and Cabo Adventures, Cabo Legend Sunset Tour, Cabo Expeditions, Cabo Rey, CaboMar, Cabo Escape, Oceanus , PezGato Snorkel); tours and land activities (Tours Are Fun, Rancho Tours, Amigos ATV’S, Bajabuggys, Cactus Atv’s, Rancho Carisuva, Xtreme Adventures , Wild Canyon)
Oct. 15: Cabo Flyboard; Wild Canyon Zip Lines
Oct. 20: Costa Azul Zip Lines
Oct. 30: Tio Sports
Nov. 15: Dolphin Discovery

For a list of our families favorite things “to do” in Cabo be sure to visit this page and for our favorite “eats” look here.

Sometimes I am hard to catch. If you try me at the following places, you will have a much better chance of finding me:

Kristen Johnson, Realtor
435.659.8041 US & Canada cell 624 122 05 04 Mexico Cell

SheSellsCabo@gmail.com

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KW Cares donates to Hurricane Odile relief efforts in Los Cabos, Mexico

November 15, 2014 the Los Cabos area of B.C.S, México was hit by the perfect storm.

Residents and tourists were preparing for a storm, not a natural disaster. Odile was a level three hurricane by wind speeds – a level five by pressure, 3 cyclones within the storm, and a 4.5 earthquake all which left complete devastation behind including hundreds of families without homes in Cabo San Lucas.

KW Cares Board of Directors, in consultation with KW Mexico leaders, voted to donate $100,000 to two organizations assisting with the recovery from Hurricane Odile.

KW Cares is donating $50,000 to the Mexican Red Cross. More than 100 paramedics are providing basic medical care and delivering food.

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KW Cares is donating an additional $50,000 to Operation Blessing International, an organization they have worked with previously. Operation Blessing is helping Hurricane Odile victims in Mexico by distributing clean water and other supplies, repairing damaged homes and setting up kitchens that will be able to feed an average of 600 families per day.

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I am proud to be part of a team that CARES and GIVES BACK!  To find out how you can contribute… click here

At Keller Williams Realty, we know that who you are in business with matters. And we strive to be in business with the best.  For more information on global expansion and growth share opportunities with Keller Williams, please contact me.

Sometimes I am hard to catch. If you try me at the following places, you will have a much better chance of finding me:

Kristen Johnson, Realtor
435.659.8041 US & Canada cell           624 122 05 04 Mexico Cell

SheSellsCabo@gmail.com

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Our Family Guiding Principles

As 2014 keeps rolling forward, its great to revisit our family’s guiding principles.  We started this a year ago or so with each family member writing down on a large sheet of butcher paper their values. They had freedom to write anything! From that… the list below developed.

A few weeks back, we had the opportunity as a family to sit down and re-visit our principles and then review and rewrite all four of the children’s goals with them.

What is your family’s most deeply held values and beliefs?  What are the major philosophical truths that we want our family to live by? How would be define our lifestyle? What is our family’s truest purpose? What are the values that give purpose to our family?These are some of the thought provoking questions you can ask while working to develop your family vision, mission statement(s) and your guiding principles.

This is our working document:

Our Vision: Live Simply in order to Give Generously.

Our mission is to create a nurturing place of faith, order, truth, love, happiness and relaxation.

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Family Guiding Principles:

Community

  • Build Relationships – Make Friends
  • People and Relationships matter; things don’t
  • Use your gifts to bless others: Give back. Be generous. Volunteer.
  • Hang around people that motivate you.
  • Decide to make a difference & success will find you.
  • Cheer others on. Pay compliments daily.
  • Respect the opinions of others.

Spiritually

  • Pray and Meditate Daily – Be Still
  • Give thanks to God; Be grateful.
  • Be Christ Centered – Love God – Know Jesus
  • Trust in God – Allow Him to direct your paths.
  • Confess your sins.  Apologize quickly. Forgive always. Let go of past…
  • Spend time in the Word – Read the Bible
  • Believe everything happens for a reason & expect good things to come from challenging times.
  • Be Mindful & Present in the Moment.

Physically

  • Smile and Laugh more.
  • Sit up Straight.
  • Get good sleep. Eat breakfast like a king.
  • Be disciplined in exercise 3-5 times per week

Yourself

  • Be responsible for our own actions and attitudes.  No blaming. Fault is irrelevant.
  • Speak the truth ALWAYS. Be honest. Keep promises.
  • Be compassionate. Love everyone. Be Lovable – Love Yourself.
  • Use best manners – say “Please” and “Thank You”
  • Work hard … go above and beyond doing it right the first time.
  • Let integrity, humanity, and courage lead your life and work.
  • Don’t attack, judge, or criticize. No name calling.
  • No boasting or bragging. No whining or complaining.
  • Do everything readily & cheerfully – no bickering & no second guessing
  • Don’t yell – speak in kind tones.
  • Listen more. React less.
  • Self Control, not Other Control
  • Keep a cool head; be slow to anger
  • Don’t quit. Don’t give up. Never say “never” or “can’t”
  • Live Responsibly – Follow the Rules
  • Read more books.  Never stop learning.
  • Life is a gift…focus on what you GET to do, not what you HAVE to do
  • Enjoy Life.  Choose Joy.

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Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

Facebook       LinkedIn       Twitter

Kristen Johnson, Realtor
435.659.8041 US & Canada cell     624 122 05 04 Mexico Cell

Going Green – The Environmental Move in Real Estate

The Partnership for Advancing Technology in Housing (PATH) provides an annual report on the top recommendations in remodeling existing homes to make them stronger, more durable, and more resource efficient. According to PATH, some environmentally friendly remodeling projects include:

  • Wireless lighting and thermostats that allow for better user control
  •  Recycled flooring that uses salvaged boards or trees
  • Renewable flooring that uses bamboo, cork, or eucalyptus (all considered rapidly renewable resources)
  • Tubular skylights that prevent the type of energy loss typically seen with conventional skylights

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The ENERGY STAR® label is a mark of green excellence for energy-efficiency.  The label was first created in 1992 as a U.S. government program to promote energy-efficient living; but since then, numerous other nations, such as Australia, Canada, Japan, and New Zealand, also have adopted the program. The label now appears on more than 60 product categories (such as major appliances, office equipment, lighting, home electronics, and more) and on thousands of models.

The label isn’t just for products, though. New homes that meet strict guidelines for energy efficiency can also qualify for ENERGY STAR® certification. According to ENERGY STAR®, a qualified home is at least 15% more energy efficient than a standard home. These efficient homes usually include properly installed insulation, high performance windows, tight construction and ducts, energy efficient cooling and heating systems, and ENERGY STAR® appliances, lighting, and water heaters.

For more information on technology to monitor your home or real estate….

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

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Kristen Johnson, Realtor
435.659.8041 US & Canada cell     624 122 05 04 Mexico Cell

 

Park City Real Estate is building momentum in 2013

Park City real estate is building momentum in 2013. To date every month of 2013 has had a higher number of closed sales than in the same month last year, according to data released by the Park City Board of REALTORS®. The number of sales for the entire Park City market area, reached 1,668 in quarter three—that is 26% over last year’s number. With a total sales dollar volume reaching $1.19 billion, the third quarter of 2013 is up 34% compared to last year as well.  Jeff Spencer, President of the Park City Board of REALTORS® said, “Our Realtors sold more in the first three quarters of 2013 than we did during all of 2012.”

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Inventory– The current number of active listings on the Park City Multiple Listing Service is 2,199, down a little over 3% from last quarter. In just the Greater Park City Area—(Park City, Snyderville Basin and Jordanelle) there are only 1,160 active listings. This is a new record low!

The absorption rate (the average time a listing remains on the market) for single family homes and condominiums remains steadily low at 5.7 months. Including lots, the number is 7.4 months—which is also an all-time low. This is a striking number compared to the average of almost 60 months in April of 2009, according to numbers compiled by Rick J. Klein, Wells Fargo Private Mortgage Banker.

Sales– The number of closed sales through Q3 2013 is 1,621: That is 26% higher than this time last year.  In fact, the third quarter shows the highest number of sales in one quarter since 2007.  Dollar volume is also substantially higher than any quarter since 2007.

Single Family Sales– The number of sales of single family homes within the City limits increased 22% over last year, and the median price of homes increased by 26% to $1,295,000. In the Snyderville Basin, the number of sales is up 17% over last year with a 12% increase in median price to $707,750. Jordanelle Area is up 6% in number of sales but it is down 17% in median price to $643,500. Comparatively, the Heber Valley has climbed 19% in the number of sales and produced a 35% increase in median price!

For quarter three, Old Town stands out with a 51% increase over last year in the number of sales, with a median price increase to $912,500 which is up 14%. The number of sales also picked up in Lower Deer Valley with a 73% increase over 2012, but that may be a result of the median sales price dropping 24% to $1,500,000. In Park Meadows, the number of sales climbed 23% and the median sales price increased 43% to $1,470,000. The Silver Springs area jumped 109% in the number of sales, though the median price only increased 10% to $689,025. Another neighborhood which gained significantly in sales is the Trailside Park Area with a 59% increase over last year and a moderate median price increase of 11% to reach $510,000.

Condominium Sales– The number of condominium sales to date is up 20% with a median sales price increase of 12% to $373,300. The Jordanelle area saw the highest jump in year-to-date sales with a 74% increase and median price increase of 11% to $349,000. Within the Park City Limits, condo sales jumped 20% over last year; however, median sales price only increased 1%. In the Snyderville Basin, the number of sales only increased by 3% but the median sales price went up 13% to $321,497.

By area, Old Town had the highest increase in the quantity of sold units jumping 57% over last year—with an 18% price increase as well. Park Meadows saw a 38% increase in number of sold units, but dipped in price by 1%. In the Snyderville Basin area, Silver Springs increased over last year in both number of units sold by 75% and median price by 26% reaching $356,700. Pinebrook jumped 25% in the number of sales and the median price rose 14% to $315,000.

Vacant Land Sales– Vacant land saw the biggest increases in number of sales over last year with a 56% hike, though the median price fell 3% overall. Vacant land in the Park City Limits had the highest median price increase of 33% reaching $625,000. Jordanelle area saw a whopping 116% increase in the number of sales over last year’s number.  The Snyderville Basin saw a 41% increase in sales, though the median price is flat compared to last year remaining at $300,000. Highlights by area include Lower Deer Valley, Deer Crest, Pinebrook and Jeremy Ranch which all saw a significant increase in the number sales.

Distressed Sales– Short sales and bank owned properties continue to decline, so that they are far less of a factor in our market than in previous quarters. As reported by Rick J. Klein, Wells Fargo Private Mortgage Banker, only 1.17% of active listings are either short sales or bank owned. Distressed properties account for only 5.41% of all closed sales in quarter three. Jeff Spencer quips, “What shadow inventory?”

Looking Ahead– With the increase in the number of sales, median prices slowly on the rise, active listings at a record low, and an absorption rate of only 5.7 months (for homes and condos), our market appears strong and stable. “Already this year, there has been over $1.1 billion in closed sales, a number that was difficult to reach by year’s end only a short couple of years ago,” says Mark Seltenrich, Statistician for the Park City Board of REALTORS®.

Still individual neighborhoods in our market vary drastically, so it is vital for both home buyers and sellers to consult a local Park City REALTOR® for the most current and accurate information.

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

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Kristen Johnson, Realtor
435.659.8041 US & Canada cell     624 122 05 04 Mexico Cell

Park City Real Estate Sales Continue to be Strong

The Park City Board of Realtors statistics for June 2013 YTD show that Gross Sales Volumes are up 18% to $696M from the same period in 2012. Sales for the month of June were up 10%. Pending sales are up 32% over June 2012 YTD. Overall prices are about even. Total inventory increased 10% from last month but the inventory levels remain 35% lower than the same period in 2012. New listings sell quickly if priced correctly, however, we are starting to see more over-priced listings hit the market.

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Single Family Home Sales continued to follow the overall market trend and are up 20% over the same period in 2012. Prices are up 9%. Sales in Old Town, Empire Pass, Aerie, Silver Springs, and Trailside were the most active. Homes priced over $1.0 M have been stronger than other price ranges.

Condominium sales are up 3% compared to June 2012 YTD. Prices are down 8%. Sales in Old Town and the Jordanelle were particularly strong. Condos under $500k are the most active segment of the market.

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Residential Homesite sales have increased 65% from June 2012 YTD with the number of transactions up 54% with rising prices. Red Ledges has released some great new premium homesites with great views and pricing and Promontory has released its “Private Collection” of selected developer homesites.

 Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

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Kristen Johnson
435.659.8041US cell
shesellsparkcity@gmail.com
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Park City Area Real Estate Market Perspective 2012 – 2013

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After a slow start during the first quarter of 2012, the Park City real estate market turned the corner and finished with three relatively strong quarters. Only 340 units were sold during the first quarter of 2012, this is the lowest number of units sold since the first quarter of 2010. However, during the second quarter there were 491 units sold, the highest since the fourth quarter of 2007. In the fourth quarter of 2012 there were 502 units sold, up over 100 units from the fourth quarter of 2011. This is a 25% quarterly increase of units sold in just one year.

The rolling 12 month total number of units sold in December of 2012 was 1842, a 10% increase over the 12 months ending in December 2011. This also amounts to the highest number of units sold in a twelve month period since July of 2008. The six month rolling average ending in December was the highest since January of 2008, indicating that units were selling at a brisker rate in the second half of 2012 than in the first half and that the market is continually improving. This momentum is likely to continue through the first half of 2013.

The number of active listings in the Park City market continues on a declining trajectory dropping to 1959 listings in December. Active listings have not been this low since July of 2006. At the end of December there was a 12.76 month’s supply of units in the market, down from 16.63 months a year ago. The absorption rate has not been at this level since May of 2007, and is well below the peak reached in August of 2009 when there was a 40.77 month’s supply of units.

With listings on the decline, the absorption rate moving in a positive direction and the number of units sold on the rise there is pressure starting to mount on pricing. The median sales price in the local market at the end of 2012 was 548,000 compared to 523,000 at the end of 2011. May 2009 was the last time the median home price was at this level.

The 12 month rolling total volume sold in the market reached $1.24 billion in December 2012. This is the highest total volume sold since October 2008. At that time there were 1600 units sold to equal the 1.2 billion in sales, in 2012 there were 1800 units sold to equal the same amount demonstrating the decrease in home values over the four year period of time. However, the 1.24 billion in sales over the 12 month period ending in December 2012 is a 15% increase over the 12 months ending December 2011. During the same time frame the quantity of units sold was up 10% indicating there has been a rise in home prices over the past year.

Two final numbers worth noting in respect to the market are the percent of listings that have sold and the percent of asking price received by sellers. At the end of December 52.66% of all properties listed during the previous 12 months were sold. Not since August of 2006 has the percentage of listed homes sold been this high however at that time the measure was contracting and at this time it is growing. The percent of asking price received has remained at a steady rate of 95% over the past several months, signifying that sellers are holding more firm to their asking prices and not quite as willing to negotiate on pricing with buyers.

All major market indicators show that the Park City real estate and the greater Wasatch Back real estate market is on a solid path to recovery. What has been a buyer’s market for the past several years is starting to balance out and become a more equitable market between buyers and sellers. There are of course certain segments and geographical areas that are not performing as well as others but the overall market is stable and is expected to remain this way in 2013.

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

www.shesellsparkcity.com
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Kristen Johnson
435.659.8041
shesellsparkcity@gmail.com
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Influencing Factors on Growth in Residential Real Estate

For the property owner, these are what we believe to be the driving forces behind decisions and should be considered in a localized basis in real estate decisions in your area:

  • Consensus on Overall Economic Recovery – While there are still concerns, the majority of economists agree that even though it may be at a slower pace, the U.S. is into recovery.  The primary impact of this is that the balance of national news is now weighted towards a more positive tone which has profound impact on consumer confidence and behavior.
  • Historic Low Interest Rates – Housing affordability is excellent.
  • Retail Sales – Homes, autos, and overall retail sales are up and increasing, albeit slowly.  Consumer spending positively affects tax collection and therefore overall economic health of communities.
  • Residential Construction – Construction of new homes is increasing but may not meet demand in some areas.  Buyers returning to the market are seeking selection and low inventory is generating demand in the new home sector which in turn fuels job creation in construction.
  • Employment – Increases in Americans getting back to work will continue to be the primary force behind recovery.  Though less than desired, we are adding jobs and moving forward.
  • Pent Up Demand – The Great Recession has left us with over five years of demand that will percolate back to the market.  Economic constriction created many consolidated, multi-generational households that are now dissolving.  Some people with the capability to buy have been unable to secure a reasonable mortgage, particularly in more challenging sectors such as condominiums and luxury homes.  Move-up purchases have been delayed pending “better days” and are now being contemplated.
  • Job Security – Americans are less fearful of losing their jobs.  Since 2007, this has been a stressful force in our home-purchasing decision process.
  • Price Confidence – People in most areas of the U.S. are significantly more confident that the value of their home or one they might purchase will not fall.  Indeed, headlines from many areas tout significant increases.

If you are considering a sale or purchase of residential real estate, you should discuss how these factors are playing out in your community, neighborhood and product type so that you have an accurate idea of what to expect.

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

www.shesellsparkcity.com
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Kristen Johnson
435.659.8041
shesellsparkcity@gmail.com
Friends, followers, and connections are a way of the future. Feel free to share!

U.S. Residential Real Estate – Statistics

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Although the national economy is still in a volatile state with annual growth below two percent and unemployment hovering around eight percent, the housing market, by most indicators, is moving steadily in a positive direction. Homes sales continue to improve from month to month across the nation and home prices are rising.

According to the National Association of Home Builders there were approximately 368,000 new homes sold across the country in 2012, up substantially from 2011 when there were only 305,000 new homes sold. The same report noted that at the end of December 2012 there was a 4.9 month’s supply of new homes in the nation compared to a 5.4 month’s supply at the same time in 2011. The National Association of Realtors reports existing home sales were up 9.2% and new home sales were up 20% in 2012. The existing home inventory is at a seven year low with a 4.4 month’s supply of homes. Nationally, the market is shifting away from the buyer’s market that we have been experiencing for the past several years. Generally, a six month supply is considered a good balance between a buyer’s and seller’s market.

As the number of homes sold increases and the inventory shrinks there is pressure being put on housing prices. Home prices jumped 8.3% in December compared to the same time a year earlier based on a report by CoreLogic, a real estate data provider. This is the biggest gain on an annual basis since early in 2006. According to the same report, home prices rose in 46 of the 50 states – the top 5 states with home price increases were all in the west. The effect of the pricing increases is that more homeowners may be willing to put their properties on the market and buyers may be more anxious to purchase before prices rise further, helping fuel the housing recovery.

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

www.shesellsparkcity.com
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Kristen Johnson
435.659.8041
shesellsparkcity@gmail.com
Friends, followers, and connections are a way of the future. Feel free to share!