Jeannie Niles Real Estate Investment
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Unnecessarily Long Market Times
I have noticed numerous listings in the local MLS that have been on the market over 365 days!!! These properties are obviously overpriced and encountering buyer rejection.
If your property is on the market and you do not receive an offer in 90 days, something is wrong. It’s either price, appearance, or terms. Evaluate your situation. Each day your property sits vacant, you are losing money that you will never recover.
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The declines were very minimal, in fact November was almost identical to October.
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Inventory increased, sales declined and new listings increased in all types of property this month. I expected this because of all the bad news in the credit markets, government bailouts, declining stock market.
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Inventory increased by 600 properties; however sales increased by 54%!!!!
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Total available properties decreased again this month 9 percent when compared with July.
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Total available properties decreased again!!!
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
