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Enjoying Semi-Retirement by Keeping Up With the Kids Online.

Sluggish start to 2018 after a record 2017

The big story of 2017 was threefold: the median sales price reached an all-time high; closed sales reached a 12-year high; and inventory levels reached a 15-year low. Sales nearly broke their all-time record, but fell just 12 units short of their all-time 2004 high. In January 2018, new listings posted a year-over-year decline for a third consecutive month. Because of the supply shortage, closed sales were lower compared to the year prior for a second consecutive month. For-sale housing supply (inventory) was about a quarter lower than January 2017. This shortage has created a competitive environment where multiple offers have become commonplace. Sellers are receiving strong offers close to their original list price in record time, which can sometimes frustrate home buyers. New construction pending sales rose nearly 14.0 percent compared to last January. Although single-family homes made up about 76.0 percent of all sales, townhomes were the only segment to show an increase in pending sales. Similarly, previously-owned homes made up about 91.0 percent of sales but new construction showed a much stronger increase in pending purchase activity.

January 2018 by the Numbers

• Sellers listed 4,041 properties on the market, a 7.8 percent decrease from January 2017
• Buyers closed on 2,758 homes, a 4.4 percent decrease from 2017
• Inventory levels for January fell 26.3 percent compared to 2017 to 6,875 units, near a 15-year low
• Months Supply of Inventory was down 27.8 percent to 1.3 months, a 15-year low
• The Median Sales Price rose 9.6 percent to $243,750, a record high for January
• Cumulative Days on Market declined 13.8 percent to 69 days, on average (median of 45)—a 12-year low
• Changes in sales activity varied by market segment

o Single-family sales fell 1.3 percent; condo sales fell 15.1 percent; townhome sales fell 8.5 percent
o Traditional sales fell 1.7 percent; foreclosure sales fell 21.8 percent; short sales fell 42.4 percent
o Previously-owned sales fell 3.8 percent; new construction sales fell 0.4 percent

 

 

from Blog – Minneapolis Area Association of Realtors https://www.mplsrealtor.com/blog/sluggish-start-to-2018-after-a-record-2017/
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How is Technology Impacting Commercial Real Estate?

from The Commercial Real Estate Show – Sponsored by Bull Realty https://www.youtube.com/watch?v=DgKuzotTBBU
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Integra’s Viewpoint 2018 on Office and Tenant Opportunities

from The Commercial Real Estate Show – Sponsored by Bull Realty https://www.youtube.com/watch?v=a7DvDGP0Uns
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What is a step up lease?

from The Commercial Real Estate Show – Sponsored by Bull Realty https://www.youtube.com/watch?v=l4uz8TGsOgY
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Any Advice on how to get into Commercial Real Estate?

from The Commercial Real Estate Show – Sponsored by Bull Realty https://www.youtube.com/watch?v=KfDJ0dHf0HM
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Bobcat #17-2688 update

Bobcat #17-2688 has been eating well during the past few weeks; the cat is eating whole prey items [mostly large, dead rats]. Wildlife rehabilitator Brie is working with a Virginia Department of Game & Inland Fisheries biologist to coordinate a release; they are tentatively discussing a date in early March.

from Wildlife Center of Virginia RSS https://www.wildlifecenter.org/critter-corner/patient-updates/bobcat-17-2688-update-5
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How can I keep people from being mad when their offer is not accepted?

from The Commercial Real Estate Show – Sponsored by Bull Realty https://www.youtube.com/watch?v=m8KaSLRgIBk
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Happy Valentine’s Day 2018!

Did you forget to buy a card for your Valentine?  Never fear, just use one of these #WildValentine e-cards instead!

 

from Wildlife Center of Virginia RSS https://www.wildlifecenter.org/news_events/news/happy-valentines-day-2018
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MAAR Seeks Realtor Emeritus Members

To honor longevity as a REALTOR® member, we offer the REALTOR® Emeritus Program  

Please email info@mplsrealtor.com by March 15, 2018 if you meet the criteria below and are interested in joining the program.

A REALTOR® Member who has held membership in the National Association as a REALTOR®, REALTOR-ASSOCIATE®, or both, for a cumulative period of forty (40) years is eligible for REALTOR® Emeritus status. 
 
In addition to the forty (40) years of membership, a REALTOR® Emeritus candidate member must also have completed at least one (1) year of service at the National Association level. However, for applications filed through 2019, the one (1) year service requirement may also be met through service at the state or local level. This provision will sunset at the end of 2019.
 
Upon approval of an application for REALTOR® Emeritus by the Board of Directors of the National Association of REALTORS®, no further payment of dues to the National Association is necessary by the member association of which the REALTOR® Emeritus is a member. Please note that the dues waiver does not take effect until the dues year immediately following the Board of Directors’ approval. In addition, REALTOR® Emeritus Members are exempt from the Code of Ethics Training requirement. 
 

from Blog – Minneapolis Area Association of Realtors https://www.mplsrealtor.com/blog/maar-seeks-realtor-emeritus-members/
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Wildlife Center Classroom Series

Event Date: 
Wednesday, February 14, 2018 – 13:00

from Wildlife Center of Virginia RSS https://www.wildlifecenter.org/news_events/events/wildlife-center-classroom-series-36
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