Right now there is an imbalance in the market. We have more buyers than sellers. A few weeks ago we introduced a new website and it is attracting a lot of buyers. We knew it was a better system than the one we were using before, but the registrations to use this new system has exceeded our best expectations.
We have roughly the same number of visitors to our website. The difference is because this new system is more consumer friendly and cutting edge, consumers are using it versus skipping over the old system. If you’re a buyer or seller, you can check it out live at www.LeeCountyOnline.com
We just searched the MLS and right now there are only 3,858 single family homes on the market. There are about 900 more if you count pending with contingency, but we’ll stick with just Actives for this discussion. There are only 961 low rise condos (1-3 stories) 256 mid rise units and 292 high rise units on the market in Lee County. There are 157 townhouse units on the market, and 217 villa units.
That’s not a lot of inventory, so buyers are hungry searching for deals. There are 1197 closings last month in MLS, so roughly one third of the market closed last month. If you’re a seller, this is good news and you might want to think about selling right now. At the Fed meeting a few weeks ago they signaled they are ready to raise interest rates later this year. They’re just waiting on a bit more data.
If you’re a buyer, you need access to all the data, and you need it now. You don’t want old data that includes properties that are pending and sold months ago. That’s what you get with some of the national online companies. Your data is also sold to lenders and brokers. We know because we see the data that comes to us and lenders.
Our system emails you each day new properties that enter the market as well as price changes. You can also setup multiple searches. I’ve spoken with many users who have told me it’s so much better than any other service they’ve tried, and they named names.
Because we wish to provide superior service, we need more agents. The system is working. Our advertising is working. We need experienced agents who can help people with their search to make sure it’s setup the way they want and returning the desired properties.
Once buyers favorite a property they either want to keep track of it or go see it. We need more agents to show property and help people find their dream home. As we add more agents we’ll keep adding to the advertising budget, which will create even more buyers.
Ellis Team Hiring Buyer Specialists
If you’re an experienced agent and not getting the leads you think you can handle, you may want to call us. We have openings today, and chances are once we fill them we’ll have more openings in the future as we increase spending. Call us for a confidential interview.
If you’re a seller thinking of selling, you might want to call a team that has lots of buyers. Our marketing is working. Our websites are ranked well. Our print and online advertising is working, and now we have a MLS search site that consumers say beats all others. When interest rates rise it does cost buyers more money to buy a home, so they can afford less. It will cost buyers to wait, but it can cost sellers too. If more homes come on the market in the next year, and rates rise, your home may not be as Hot as it is right now. Nobody is predicting a downturn, but it is more fun to sell when there is less competition and buyers are hungry to buy.
Call us to get your home sold now, while it’s fun! Agents, call us now to get the leads you deserve and get back to making money.
Good luck and Happy House Hunting!
We have a long list of communities you can search on our new website Here are a few:
Miromar Lakes Beach & Golf Club
We recently updated our San Carlos Park Homes For Sale Page