What Can You Expect in 2014?

13 Dec

 

Thank you for taking the time to visit with me today, I know December is a hectic month and I appreciate it! Today I would like to do a recap of 2012-2013 and give you an idea of what to expect in 2014. For 2012, there were 13,624 sales within Jefferson County and the surrounding areas. As for 2013, we’ve had 14,478 sales accounting for a 6.3% from 2012. We still have time to go until the end of the year, yet this is a very positive impact.

Todd-Martin-2012-stats

Another statistic I find interesting is if we break down the properties in the area from $0-2,000,000+, 2012 only had two homes sell that were priced over $2,000,000+ and in 2013, nine homes were sold in that same price range giving us a 350% increase in production in the higher end market. These numbers show great signs of market recovery and what’s to come.

Todd Martin 2013 stats

As far as interest rates, what we’ve been hearing and what we’ve been seeing that they still historically low. Interest rates have gone up slightly and are looking to increase above 5% next year. This is still an excellent time to buy with 5-6 months’ worth of inventory which is great for the serious buyers this time of year. As an early Christmas present, I wanted to give you something we’ve been working very hard on: a mobile home search application for Android/Apple. Simply register, and you will be off and running!

Click here to perform a home search on your Apple device

Click here to perform a home search on your Android device

Thanks and have a wonderful day!

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