Why are all those REALTORS smiling?

I need to make a public amends for neglecting my Blog for several months, but I’m back and ready to start in again keeping you all up to date on what is happening in and around the Berks County real estate market. Ok, now that I got that off my chest, I can smile too!

So, how is the market right now? A lot better. CENTURY 21 Advance Realty’s data shows our listings sold and sales are up 22% over this time last year, and almost triple what they were in 2008. That has to make you smile; sure makes us smile!

Are all niches of the industry “up”? Almost. Sure, the tax credit first-time home buyers are gone, but the first-time home buyers are not. Savvy buyers know that interest rates are under 5%, properties are at extremely attractive prices, there is still a selection to choose from, and sellers, equally well informed, are realistic about their home’s value in this correcting market. There are a great many bank repossessed properties for sale, and buyers willing to take on the “as is” bank repo can make a great buy Builders are starting to stick a toe (or should I say steel-tipped boot) back in the water again, and we are seeing developments back in the planning stages and spec homes being constructed. Anything “green” is hot, but overpriced properties are not. The high-end market has activity, and the suburbs are coming alive. That gives us lots to smile about.

The weather may be hot, but the agents are out there, showing properties. You’ll recognize them by the smiles on their faces!