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Local RE/MAX owners honored

From left are Lisa, the daughter of RE/MAX of Georgia owner Hugh McPherson, Denny Jones and Ben Christopher, co-owners of the RE/MAX Greater Atlanta franchise office and recipients of the Legacy Award.

Ben Christopher and Denny Jones, two established names in the metro Atlanta real estate market and co-owners of Marietta-based RE/MAX Greater Atlanta, were recently awarded the Legacy Award by RE/MAX of Georgia. The awards were presented during the annual RE/MAX of Georgia awards banquet.

The Legacy Award is an exclusive award only given to those having more than 25 years of service with the RE/MAX organization. Christopher and Jones have owned and operated a RE/MAX franchise in the Marietta area since 1986. The company has been at the same address since the building was built in 1994.

Along with the most recognized name and logo in real estate, the RE/MAX Greater Atlanta building, 2050 Roswell Road, is a familiar landmark in the area — a multi-story, Southern colonial with columns.

For more information, call (770) 973-9700 or visit www.realestateatlantaga.net.

This article originally appeared in the Marietta Daily Journal.

 
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RE/MAX Real Estate Center recognizes top agents

RE/MAX Real Estate Center recognized the following real estate agents for outstanding performance in their field at an awards luncheon.

Georgia office awards:

Monte Sanders licensed in Georgia and Tennessee was awarded the “Top Selling Agent” for 2014, with the highest volume of sold properties for the year.

Vickie Dycus licensed in Georgia and Tennessee was awarded the “Top Selling Agent” for 2014, with the highest volume of listings sold for the year.

Brenda Harden and Vickie Dycus both licensed in Georgia and Tennessee qualified for the executive club for 2014, which honors successful top selling agents in their field.

Tennessee office awards:

Mike Chauncey licensed in Georgia and Tennessee was awarded the “Top Selling Agent” for 2014, with the highest volume of listings sold for the year.

Wayne Thomas licensed in Georgia and Tennessee was awarded the “Top Selling Agent” for 2014, with the highest volume of sold properties for the year.

Mike Chauncey and Cliff Butler both licensed in Georgia and Tennessee qualified for the “100 percent club” award for 2014, which honors successful top selling agents in their field. Last year, less than 22 percent of all Re/Max affiliates earned this prestigious award.

Overall company awards:

Wayne Thomas was awarded the “Red, White and Blue” award by his fellow agents. This award is given to a person that embodies the spirit of the company, is supportive of fellow agents and represents the company in the best manner possible at all times.

Brenda Harden was awarded the “Above the Crowd” award by her fellow agents. This award is given to a person who has set herself apart, who truly is “above the crowd,” and is perceived as an outstanding agent as well as being respected within the real estate industry.

Stacey Hewitt licensed in Georgia and Tennessee was awarded the “Rock Star” award for her many years of service and always going above and beyond for the company.

Re/Max Real Estate Center is a locally owned and operated full-service real estate brokerage located in Fort Oglethorpe, Ga., and Chattanooga, Tenn. Founded in 2007, the brokerage has 13 agents in the Georgia office and 10 in the Tennessee office, specializing in residential and commercial real estate.

This article originally appeared at Northwest Georgia News.

 
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Atlanta Falcons Announce 2015 Regular Season Schedule

The National Football League today released the 2015 regular season schedule. This year, Atlanta’s schedule includes two nationally televised games, including an opening weekend appearance on ESPN’s Monday Night Football against the Philadelphia Eagles (Week 1) and a Thursday Night Football matchup at New Orleans (Week 6).

In 2015, the Falcons will face their customary NFC South rivals, Carolina, New Orleans and Tampa Bay both at home and on the road. Atlanta will also battle the NFC East in conference play as well as the AFC South in inter-conference play. The Birds will travel to San Francisco to face the 49ers (Week 8) and host the Minnesota Vikings (Week 12). Atlanta’s 2015 opponents posted a combined 88-119-1 (.425) record last season.
The Falcons will face three playoff teams from 2014, including two games against Carolina (Week 14 & Week 16), a home contest against Indianapolis (Week 11) and a matchup with Dallas at AT&T Stadium (Week 3).
Atlanta opens the season against the Philadelphia Eagles at the Georgia Dome as the first game of ESPN’s Monday Night Football doubleheader. The last time the Falcons opened season at home on Monday Night Football was in 2005 when they defeated the the Eagles, 14-10. The season opening matchup marks the first time the Falcons have hosted the Eagles since 2011, when Atlanta posted a 35-31 victory in its home opener. The Eagles lead the all-time series between the two clubs 15-12-1, but the Falcons came away with a 30-17 win at Lincoln Financial Field in their last meeting in 2012. QB Matt Ryan completed 22 of 29 passes for 262 yards and three touchdowns. One of those touchdowns was thrown to WR Julio Jones, who caught all five passes thrown his way for 123 yards on the day.
The Falcons face the New York Giants at MetLife Stadium for the second straight year during Week 2. The Giants tied up the all-time series at 11 games each with a 30-20 win in Week 5 last season. Despite the loss, WR Roddy White caught his 700th career pass and became one of 11 active players with 700-or-more receptions. RB Antone Smith finished the game with three receptions for 83 yards and one TD. His 74 yard catch-and-run score was the longest touchdown of his career and his third TD of 50-plus yards.
The Falcons will play the Cowboys for the first time since 2012 in Week 3. The Cowboys lead the all-time series 14-9, and won the last game against the Falcons at AT&T Stadium, 37-21, in 2009. Atlanta won its last matchup against the Cowboys, taking a 19-13 win at the Georgia Dome in 2012. With a 26-yard catch on Atlanta’s first possession of the second half, White became the Falcons all-time leading receiver, breaking WR Terance Mathis’ franchise record for career receptions (573).

In Week 4, the Birds will face the Houston Texans for just the fourth time in club history and the second time at the Georgia Dome. The Texans lead the all-time series 2-1, including a 17-10 win at NRG Stadium in 2011. All three games have been decided by 10 points or less and the last meeting between the two teams pitted Ryan against current Atlanta backup QB T.J. Yates, a former Texans starter.
The Falcons welcome the Washington Redskins to the Georgia Dome in Week 5. The Redskins lead the all-time series 14-8-1 with the last meeting between the two clubs being decided on a failed two-point conversion by the Redskins in 2013. The Falcons forced seven turnovers, including interceptions from then rookie CB Desmond Trufant and veteran S William Moore while Ryan threw for 210 yards and one touchdown as the Falcons snuck past the Redskins 27-26 at the Georgia Dome.
The Falcons head south to the Big Easy to face the Saints in a Thursday night clash in Week 6. Atlanta holds a 48-43 advantage in the all-time series, and went 2-0 against the Saints in 2014, which marked its first season sweep against New Orleans since 2005. The last time the Falcons visited the Mercedes Benz Superdome, they knocked the Saints from the NFC playoff race with a 30-14 victory. During that game Ryan completed 30 of 40 pass attempts with one touchdown. Also, Jones had seven receptions for 107 yards, and RB Devonta Freeman recorded his second career touchdown.
The Falcons face the Titans for the first time since 2011, traveling to Tennessee in Week 7. The Titans lead the all-time head-to-head series 7-6. In their last meeting, Ryan completed 22 of 32 passes for 316 yards and one touchdown while White caught seven passes for 147 yards, and K Matt Bryant connected on all three of his field goal attempts to lead the Falcons to a 23-17 win.
The Falcons host the Buccaneers in Week 8. Atlanta rolled to a 56-14 win over Tampa Bay in their meeting at the Georgia Dome last season, which saw WR Devin Hester break former Falcon Deion Sanders’ all-time return touchdown record (20) with a 62-yard punt return score. Hester also recorded his first career rushing touchdown on a 20-yard reverse.
In NFL Week 9, The Falcons head west to face the 49ers for the first time at Levi’s Stadium. The 49ers lead the head-to-head meetings between the two former NFC West rivals, 45-29-1. Atlanta last traveled to San Francisco in 2013, playing in the final game at historic Candlestick Park on ESPN’s Monday Night Football. The Falcons had a four-game regular season winning streak snapped, falling 34-24 despite an impressive effort that saw Ryan throwing for 348 yards and connect on 77.1 percent of his passes. White has enjoyed playing in the Bay Area, posting 20 catches, 351 yards and three touchdowns in two games on the road against the 49ers.
Following a Week 10 bye, the Falcons will face the Indianapolis Colts for the first time since 2011 in Week 11. The matchup will be the first time Atlanta has hosted Indianapolis since 2007 and the 15th overall meeting between the two franchises. The Colts lead the all-time series 13-2, but the Falcons walked away from Lucas Oil Stadium with a 31-7 win in their last meeting in four years ago. Ryan and Jones connected on three big plays for a total of 131 yards and two touchdowns, including an 80-yard score. Ryan finished the game with 275 yards, three touchdowns, and a 120.7 quarterback rating.
In Week 12, the Falcons battle the Minnesota Vikings for the second time in as many years. This will be the first time the Falcons have hosted the Vikings at the Georgia Dome since 2011, a 24-14 Falcons win. The Vikings lead the all-time series 15-10, and won the 2014 matchup 41-28. White caught his 57th career touchdown and tied Terence Mathis for the franchise lead while Jones finished the game with six receptions for 82 yards.
The Falcons begin a three week stretch of road games with a trip to Florida in Week 13 to take on their NFC South division rival Tampa Bay. The Birds lead the all-time series 22-21, and swept the Bucs in 2014. Atlanta outscored the Tampa Bay 83-31 last year in two head-to-head meetings, including a 27-17 win at Raymond James Stadium. Bryant was four for four on field goals, and became the second player in franchise history to reach 600 career points.
The Falcons kick off December with the second of back-to-back division contests, traveling to Charlotte to face the Carolina Panthers in Week 14. During the Falcons 20th visit to Bank of America Stadium last season, Atlanta tied up the head-to-head series in Charlotte 10-10 with a 19-17 win. White caught eight passes for 75 yards and reached 10,000 career receiving yards in the win. He became one of only eight active players and the 42nd player in NFL history to accomplish that feat.
The Falcons return to the Sunshine State for the second time in three weeks for a Week 15 matchup against the Jacksonville Jaguars. The Jaguars hold a 3-2 advantage in the all-time series, but the Falcons won the last matchup 41-14 in 2011 at the Georgia Dome. White caught 10 passes for 135 yards and two touchdowns while Ryan finished the game with 224 passing yards, three touchdowns and a 137.3 passer rating.
The Falcons close out the season with another set of division games, first against the Carolina Panthers in Week 16. The Birds have won four of the past six matchups against the Panthers at home and are looking to get back on track against their division rival after losing the last two at the Georgia Dome against Carolina. White caught eight passes for 104 yards in the Falcons last home contest against the Panthers, improving his franchise record for career 100-yard receiving games to 39.
The season finale features a Falcons-Saints matchup at the Georgia Dome in Week 17. Atlanta and New Orleans opened the 2014 season with a 37-34 overtime thriller at the Dome that resulted in a Falcons win. Atlanta recorded 568 total net yards, which was the highest single game yardage total in franchise history. Ryan threw three touchdowns to become the franchise’s all-time leader in touchdown passes (156), and broke the franchise record for passing yards in a single game with 448.

 
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How does your garden grow?

We all know that a first impression counts, and at no time does that hold more true than when a potential buyer approaches your home. Regardless of how much you’ve cleaned and improved the interior, the buyers’ decision is often made in just seconds, before they’ve even entered your home. Sometimes they decide from just driving by your home.

 

By investing some time and money in your front yard, you will improve your “curb appeal.” If the exterior of your home and windows are peeling, paint them. If your front door is drab and faded, paint or stain it and add a colorful wreath. Don’t leave your children’s toys scattered around the yard and drive way. Add some colorful seasonal flowers in your flower bed and don’t forget the mulch. It adds to the eye appeal and cuts down on weeding. Stand at the curb and really, carefully look at the front of your home. Are there torn shades or dreary curtains showing in the windows? Are the windows clean and sparkling?

 

Some sellers hesitate to beautify a home that they’re preparing to sell, but some small improvements can shorten the time you spend on the market. While your home is on the market, you’ll be living in a home that you’ll need to keep in “showroom” condition. You’ll need to make the beds every morning, put your socks in the hamper, hang up your towel, keep the toys and games picked up and stored, keep the appliances clean and sparkling, AND be ready to clear out of your house for all those showings. If you can cut down on the time you spend on the market, you can get back to living your life and enjoying your family sooner.

 

If you invest a bit of time, money and some elbow grease, you’ll boost your curb appeal and display “pride of ownership” to the buyers. A home that displays “pride of ownership” will attract serious buyers and great offers.

 

This article originally appeared at dailycall.com.

 
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6 factors that impact the value of a home

The website HouseLogic recently came up with a list of items that impact the value of a home. We all know that highly rated schools are a bonus for nearby housing, but did you know that good schools have a lot in common with Wal-Mart and public transportation, for example? Advising buyers toward being near any of these might add thousands to a home’s value, but the cost of admission could be higher than a home, “not near a Wal-Mart.”
Here’s some of what HouseLogic uncovered:

County or state parks and golf courses

A public park might boost the property value of nearby homes by 8 to 20 percent. A recent study looked at more than 16,000 home sales within 1,500 feet of just under 200 public parks in Portland, Oregon, and found home values increased on the average:

  • Natural areas: $10,648
  • Golf courses: $8,849
  • Specialty parks: $5,657
  • Urban parks: $1,214

Living near a Wal-Mart

A study by the University of Chicago noted that living within a mile of a Wal-Mart that stays open 24 hours a day could raise your home’s value by 1 or 2 percent, and living within half a mile could boost your property value by an additional 1 percent. But, I don’t know why this wouldn’t naturally also apply to Target or other similar stores.

Walkability

According to a 2009 study from CEOs for Cities, being close enough to walk or just a minutes away from schools, parks, stores and restaurants will raise your property value anywhere from $4,000-$34,000. That sounds great, but those walkable neighborhoods are usually in town. They are therefore due to location inherently more expensive and once again the cost of admission to get into them is going to be higher.

One of the “most walkable” sections of our market, for example, the average sales price over the past 15 months was $231,000. The average sales price for homes just outside this section of the MLS, a 10- to 15-minute commute by car, dropped to $161,200.

Additional dwelling spaces

Whether it’s an in-law apartment or carriage house, having a separate living space can increase a home’s value by 25 to 34 percent, according to a study of 14 properties with accessory dwelling units in Portland, Oregon. In our local market once again I saw a more moderate 4 percent to a mind-blowing 44 percent increase based on homes sold in the most desirable locations with an in-law suite. The article noted, and I think it is valid too, that an income stream can be generated, too, for buyers of these properties. I know in a local college town that for “decades” law students would lease space like this in town to be near campus.

Professional sports arenas

In the Atlanta area, we are looking at a new stadium for both the local Braves and for the Falcons. We hear that new pro sports stadiums can raise property values in a 2.5-mile radius by an average of $2,214. The downside, however, is traffic. Many times, we see home values decline until the project is completed.

Tree huggers stand proudly

Not a shocker, but whether trees are in your yard or just on the street, you should know they’re a valuable asset. HouseLogic gave us a nice gauge to show just how much trees are worth to a home’s value. These figures according to a University of Washington research survey:

  • Mature trees in a yard: 2 percent
  • Mature trees on the street: 3 percent
  • Trees in the front yard: 3-5 percent
  • Mature trees – High-income neighborhoods: 10-15 percent

What’s funny is that I have recently been asked by house-hunting buyers, “Well, Hank, if I asked you to sell my home three or four years down the road, which one (of the two they are considering buying) would you most like to resell for me?”

Based on the information I shared today, we should look for homes in proximity to a Wal-Mart, or where one will be in the near future, with mature trees that also has space to be converted to an in-law suite. Throw in a nearby park located in an excellent school district and we have a property that should resell over and over again at top dollar.

All kidding aside, every buyer has their own set of preferences and needs. However, it’s always good to know what might impact the value of a given home, neighborhood or area.

Hank Bailey is an associate broker with RE/MAX Legends and a Realtor for more than a decade who provides buyer’s agent representation and seller listing services related to residential real estate. This article originally appeared at Inman News.

 
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Home sales run ahead of last year’s pace

Home sales are up so far in 2015, and so are prices.

It must be getting warmer; the metro Atlanta real estate market is heating up.

Sales, which typically crest in the spring, jumped by nearly one-third from February to March, and prices also rose, according to a report provided by the Atlanta Board of Realtors to the Journal-Constitution.

“We are preparing for a robust spring season in the housing market,” said Ennis Antoine, president of the board. “Consumer confidence levels are rising and more buyers are entering into the market.”

The board counted 3,993 homes sold in March in 11 counties of the region. That compares with 3,014 sales in February. Sales rose in the spring of 2014 as well, just not as much: in March of last year, the board reported 3,510 sales.

The housing market usually warms in spring, with potential buyers looking to land a home before the start of the next school year.

“It started a week or two later than I expected, but when it did, it got hotter than it has been in recent years,” said Scott Payne, a vice president and broker at Engel & Volkers Buckhead Atlanta.

Some areas – primarily the north side of Atlanta and the near suburbs – are seeing a burst of demand, Payne said.

“Sellers are generally getting what they are asking for,” he said.

One reason is that the supply of homes for sale continues to lag. Though up 5 percent during the past year, the board report pegs inventory at 3.6 months of sales, compared to the five or six months of supply in a relatively normal market.

The median sale price in metro Atlanta last month was $218,000. That was a 4.3 percent increase from February and an 8.5 percent bump from a year ago.

The average sale price last month was $279,000 – a sign that a disproportionate number of sales are upper-end homes, Payne said.

“We’ve seen an increase in demand for $1 million to $1.5 million – there’s real support of that.”

Yet eight years after the burst of the metro Atlanta housing bubble, the market remains uneven.

Low interest rates, a growing job market and a rise in corporate relocations are boosting it. But pools of foreclosures in some areas and the unwillingness – or inability – of many young adults to become first-time home buyers are braking it.

Some of the farther-flung suburbs and exurbs have not recovered, while some areas on the south side are likewise still struggling, said Jeanette Schneider, senior vice president, RE/MAX of Georgia.

“There are always two tales to tell,” she said.

The lack of first-time buyers deprives the market of support at the lower end of prices, which makes it that much harder for previous waves of owners to move up, she said.

Foreclosures, which generally hold back the rise of home prices, represent the still-painful damage from the bubble’s burst — which pounded metro Atlanta harder than all but a few other regions. At the height of the crisis, between 2006 and 2014, more than a quarter of a million metro Atlanta homeowners lost homes to foreclosure.

That tide has receded.

As reported by the Journal-Constitution earlier this week, there were 2,277 foreclosure filings in metro Atlanta during April, down 3.4 percent from March and far off peak levels during the crisis, according to by Equity Depot.

By Michael Kanell – The Atlanta Journal-Constitution

 
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Congratulations to our Offices who Rank Highly on RISMedia and Real Trends

Congratulations to all of our offices who were listed in the RISMedia Power Broker Report and the Real Trends 500 Survey!

 
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Certify that pre-owned home

If you’re looking for a competitive edge in the sale of your home, your real estate agent may have an unexpected suggestion. Although many sellers assume that it is the responsibility of the buyers to pay for an inspection, having one performed when you first list your home can go a long way towards attracting a great offer from confident buyers.

 

Think about it. If you’re aware of flaws and needed repairs before you begin marketing your home, you can correct potential problems before the buyers even have a chance to think about negotiating a lower price for repairs. Sellers can expect an offer that is two dollars less for every dollar in needed improvements, so why would you give away that money when you can save it by simply investing in a timely inspection?

 

An inspection at the beginning of the listing also reduces time and stress before closing, because there’s no rushing around to get requested repairs done at the last minute. You’re also establishing good will right off the bat, creating an atmosphere of trust and honesty up front.

 

All of these aspects greatly increase the chances that the buyers will make a great offer and follow through to closing without any doubts, delays or picky repair negotiations. Like a quality used car, giving your home the “Certified Pre-Owned” label will encourage buyer’s seal of approval.

 

This article originally appeared at dailycall.com.

 
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RE/MAX Regional Services Upgrades Mobile App with CommuteTime Feature

Buyers Can Quickly Indentify Homes Based on Desired Drive Time

 

RE/MAX Regional Services (RRS) today announced the addition of the CommuteTime feature to its popular MAXview HomeSearch app.  Powered by INRIX Drive Time, CommuteTime allows home buyers to select their ideal driving distance to important locations when searching for a new home.  CommuteTime is now available on iPhone, iPad and Android devices.

 

With the CommuteTime enhancement, RE/MAX app users can enter up to three addresses, such as work, school or daycare, then set their preferred travel time at a given time of day.  For example, if a buyer wants a 30-minute commute to work in 8 a.m. traffic, CommuteTime will shade the areas on a map that meet this criteria.

 

“Maintaining a reasonable drive time to work or daycare is a priority for many buyers looking to achieve a better work/life balance,” said Jeanette Schneider, senior vice president, RE/MAX Regional Services.  “This new upgrade allows buyers to easily and quickly identify which areas meet their driving-distance criteria.”

 

CommuteTime is powered by traffic information gathered from a variety of public and private sources, including government road sensors as well as accident and incident reports.  The traffic information is refreshed every minute, ensuring users always have the most current drive-time information available.

 

The RE/MAX mobile app was introduced last year.  The app is easy to search and easy to use.  Using the app, home buyers also can:

 

  • Find listings within one mile of their current location.
  • Compare similar rooms from different listings with side-by-side photos.
  • Save and share their favorites properties.
  • Arrange for a home visit with a RE/MAX agent.

 

The RE/MAX mobile app with the new CommuteTime feature is free and available to download through the Apple App Store and Google Play Market under the following names:

 

  • RE/MAX of Georgia MAXview HomeSearch
  • RE/MAX of Kentucky MAXview HomeSearch
  • RE/MAX of Southern Ohio MAXview HomeSearch
  • RE/MAX of Tennessee MAXview HomeSearch

 

About RE/MAX Regional Services

RE/MAX was founded in Denver in 1973 by Dave and Gail Liniger. In 1978, the first franchised RE/MAX Regional office was opened in Georgia. Today, RE/MAX Regional Services (RRS) provides outstanding support to close to 3,500 agents in more than 200 offices in Georgia, Kentucky, Tennessee and Southern Ohio.  RRS ensures its real estate professionals are leaders in technology, training and expertise, to best serve the homebuyers and sellers in their communities.

 

With offices in more than 90 countries and the most productive sales force in the industry, RE/MAX sells more real estate than any franchise company in the world. RE/MAX agents are passionate about the communities in which they live and work, and are proud to have raised more than $138 million for Children’s Miracle Network Hospitals and other charities.  For more information, visit www.franchise-remax.com.

 

About the RE/MAX Network

RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 100,000 agents provide RE/MAX a global reach of more than 90 countries. Nobody sells more real estate than RE/MAX.

RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is a subsidiary of RE/MAX Holdings, Inc. (NYSE:RMAX).

With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $138 million for Children’s Miracle Network Hospitals®, Susan G. Komen® and other charities.

For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com.

 
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Strong First Quarter Home Sales Set Foundation for Busy Sales Season

There were 2,837 home closings reported for the month of March 2015, according to figures provided by the Greater Nashville Association of REALTORS®. This figure represents a 12 percent increase compared with 2,530 closings in March of 2014.

 

Numbers for the first quarter of 2015 were 6,904 closings, up 12 percent from the 6,166 closings during the first quarter of 2014.

 

“First quarter homes sales and the month of March are up double digits, despite a couple of rounds of harsh winter weather,” said GNAR President Cindy Stanton. “This is indicative of a market that is both vibrant and resilient.

 

“It is encouraging to see pending sales up over 3,000 units again, especially this early in the year. Our region hasn’t seen this for the month of March since 2007. Last year we didn’t reach 3,000 units pending until May. With those many units pending now, it is safe to say our area is primed for an active and prosperous spring and summer.”

 

A comparison of sales by category for March  is:

  March 2014 March 2015
Closings 2,530 2,837
 Residential 2,036 2,313
 Condominium 295 334
 Multi-Family 28 27
 Farm/Land/Lots 171 163

A comparison of sales by category for the first quarter/year-to-date is:

  1st Quarter 2014 1st Quarter 2015 
Closings  6,166  6,904
 Residential  4,992  5,599
 Condominium  710  799
 Multi-Family  65  58
 Farm/Land/Lots  399  448

There were 3,083 sales pending at the end of March, compared with 2,720 pending sales at this time last year. The average number of days on the market for a single-family home was 69 days.

 

The median residential price for a single-family home during March was $222,400 and for a condominium it was $171,831. This compares with last year’s median residential and condominium prices of $195,000 and $169,900, respectively.

 

Inventory at the end of March was 12,775, down from 14,894 in March 2014. The current inventory of properties by category, compared to last year, is:

  March 2014 March 2015
 Inventory 14,894 12,775
  Residential 9,439  8,235
  Condominium 1,046  867
  Multi-Family 151  116
  Farms/Land/Lots 4,258  3,557

“We have officially entered the spring buying and selling season, as evidenced by the uptick in pendings and median sales prices,” added Stanton. “The current median price is near the prices we saw last summer. This early onset of that rise indicates higher market activity and serious consumers looking to buy now. Lower inventory, particularly in and around the first-time buyer market, is allowing owners of well-maintained and properly marketed homes the ability to sell for close to, if not at, list price.”

 
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