Not Enough Homes To Sell

Despite the housing bust and high foreclosure rates, in some areas real estate agents are complaining that they don’t have enough homes to sell. There is currently an eight-month supply of homes on the market — meaning that, at the current sales pace, it would take eight months to run through the backlog. That’s still a lot compared to the six-month supply that is expected in a normal market, but it is much better than it was. In Denver, Phoenix and San Francisco they are even bidding-war tight. In California, almost all cities have a short supply of single-family homes. That’s especially true in the lower-priced categories, according to Leslie Appleton-Young, chief economist for the California Association of Realtor. There are plenty of more expensive homes in California, but this inventory is going quick: inventory for million-dollar-plus homes has dropped from 21.6 months to 10.9 months.

Ordinarily, rising prices are an indication of shrinking inventory. But these are far from ordinary times. Never have there been so many properties that could be for sale — but aren’t. This so-called “shadow inventory” comes from two main sources: properties lenders have not yet repossessed or have not yet put back on the market; and homeowners who want to sell but who have refrained because of low prices. Lenders are also holding back on foreclosing at all, either because they’re having trouble handling the volume of repossessions or because they want to sell off some of the inventory they already have. Zillow.com surveys estimate that 8% of homeowners are very likely to try to sell their homes in the next twelve months if they see signs of improvement in their local markets.

Let this be the early warning for all you home owners sitting on the fence waiting to sell their home. Now might be the time get your home in top shape and ready to sell. If your looking for a real estate marketing expert that will guarantee maximum exposure, than you need to contact me now so your not playing catch up. Call me at 253-209-9701 and I can consult you on what you need to do get you home or real estate ready to sell fast.

NorthWest Real Estate

Beautiful Bonney Lake Home For Sale On Large Fenced Lot

Overview Maps Photos Description Market Stats

$254,950 Single Family Home For Sale Main Features 3 Bedrooms 2 Bathrooms 1 Partial Bathroom Interior: 1666 sqft Lot: 12,471 sqft Location 7814 195th Ave Ct E Bonney Lake, WA 98391

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Daniel K Terry Windermere RE Lake Tapps, Inc. (253) 209-9701 dkterry@windermere.com http://www.RealEstateWithDan.com Listed by: Daniel Terry

Our recent listings Beautiful Bonney Lake Home For Sale On Large Fenced Lot Remodeled rambler of shy 3/4 acre Updated Bonney Lake Rambler Subscribe to our listing feed

See more Bonney Lake, WA real estate for sale

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NorthWest Real Estate

Beautiful Bonney Lake Home For Sale On Large Fenced Lot

Overview Maps Photos Description Market Stats

$259,950 Single Family Home For Sale Main Features 3 Bedrooms 2 Bathrooms 1 Partial Bathroom Interior: 1666 sqft Lot: 12,471 sqft Location 7814 195th Ave Ct E Bonney Lake, WA 98391

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Daniel K Terry Windermere RE Lake Tapps, Inc. (253) 209-9701 dkterry@windermere.com http://www.RealEstateWithDan.com Listed by: Daniel Terry

Our recent listings Beautiful Bonney Lake Home For Sale On Large Fenced Lot Remodeled rambler of shy 3/4 acre Updated Bonney Lake Rambler Subscribe to our listing feed

See more Bonney Lake, WA real estate for sale

NorthWest Real Estate

This Bonney Lake rambler is in great shape with plenty of updates as recently as this past summer. Move in right away on this turn key Bonney Lake rambler. Sellers are motivated and want to purchase other real estate in Bonney Lake WA 98391. Bring us your offer and let’s talk. Call me at 253-209-9701 if you have any questions or want to arrange a showing.

Updated Bonney Lake Rambler

Overview Maps Photos Features Description Market Stats

$204,950 Single Family Home For Sale Main Features 3 Bedrooms 1 Bathroom 1 Partial Bathroom Interior: 1170 sqft Lot: 11,500 sqft Location 7710 193rd Ave E Bonney Lake, WA 98391

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Daniel K Terry Windermere RE Lake Tapps, Inc. (253) 209-9701 dkterry@windermere.com http://www.RealEstateWithDan.com Listed by: Windermere RE Lake Tapps, Inc

Our recent listings Updated Bonney Lake Rambler Remodeled rambler of shy 3/4 acre Subscribe to our listing feed

See more Bonney Lake, WA real estate for sale

NorthWest Real Estate

Remodeled rambler of shy 3/4 acre

Overview Maps Photos Features Description Neighborhood Market Stats

$289,950 Single Family Home For Sale Main Features 3 Bedrooms 2 Bathrooms Interior: 1630 sqft Lot: 0.71 acre(s) Location 10001 61st Ave E Puyallup, WA 98373

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Daniel K Terry Windermere RE Lake Tapps, Inc. (253) 209-9701 dkterry@windermere.com http://www.RealEstateWithDan.com Listed by: Windermere RE Lake Tapps Inc.

See more Puyallup, WA real estate for sale

NorthWest Real Estate

This is a beautiful Puyallup rambler completely remodeled inside and out. It’s better than new! It sits in a quiet neighborhood away from any busy street on a fenced 3/4 acre lot with lots of trees and mature landscape. Close to shopping, malls, and the freeway for easy commute access. It’s close in yet has that secluded country feeling. It would be a great home for retirement or just starting out. Take advantage of the available tax credit for first time home buyers or existing home owners. Must see for yourself!

Remodeled rambler of shy 3/4 acre

Overview Maps Photos Features Description Neighborhood Market Stats

$289,950 Single Family Home For Sale Main Features 3 Bedrooms 2 Bathrooms Interior: 1630 sqft Lot: 0.71 acre(s) Location 10001 61st Ave E Puyallup, WA 98373

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Daniel K Terry Windermere RE Lake Tapps, Inc. (253) 209-9701 dkterry@windermere.com http://www.RealEstateWithDan.com Listed by: Windermere RE Lake Tapps Inc.

See more Puyallup, WA real estate for sale

NorthWest Real Estate

Almost four years ago, a 39-year-old woman died after a fire occurred in a 13-bedroom duplex north of Northeast 55th Street on 16th Avenue Northeast. The residence had been zoned for single-family housing. The woman suffered burns over 60 percent of her body.

NorthWest Real Estate