How Technology Has Changed The Real Estate Market

Let’s start with how it was when I started in a small town in Indiana in the late 90’s. We had MLS books in the office in which prospective buyers had to come check on out in order to know what was on the market. We had much less paperwork, in fact, some companies were still using one page listing and purchase contracts. Polaroid photos were still alive and well.

Fast forward 2 decades…..electronic-signature-generator

Technology has changed, and continues to change the transactional side of real estate. Having the ability to write an offer and have it signed electronically from a buyer in another country, or signed manually on a tablet pc (mobile device) was unheard of just a few short years ago. This has taken the profession from local to global. Now all real estate companies are the same playing field. Access to breaking industry news which then disseminates via plug-ins to hundreds of other outlets and sites simultaneously, which is then viewed by hundreds within minutes, also unheard of until now. State of the art virtual tours making homes 24 hour open houses to name a few. Those trends are allowing users to access information faster and acquire knowledge without ever needing to meet with an agent face-to-face. As a result, is also requiring more self policing on the part of the professionals in the industry who are sharing the information and tools on their various websites, blogs, etc., to ensure the information provided is pertinent and valid. Because we all know, if it’s on the internet, then it must be true. Some would have us to believe that our industry is in jeopardy because of how technology is making the process of home buying/selling more convenient and efficient for the would be buyer/seller. However, I beg to differ. For, as with any business, there is also the relational side of business. Technology will never take the place of the personal agent hosted house warming, or hand written “thank you” card. The agents who excel in the unexpected extras will do well no matter what the market condition is or what the next new piece of technology does. We will instead embrace the change, remain cutting edge, and serve our clients beyond their expectation.

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The Dreyer Report

Residential Real Estate Sales Batesville School District

Based on Information from SEIBR , Inc. Multiple Listing Service of SE Indiana

Presented Monthly by Jim Dreyer, Broker Lohmiller Real Estate 812-212-1450 jdreyer@lohmillerrealestate.com

9/1/17

  • Sales in August were $2,995,300 compared to the same month last year of $2,349,000
  • Year-to-date sales are $16,353,046 compared to 2016 year-to-date of $16,610,007. That is $256,961 or 1.5% unfavorable to last year. The number of units sold is 89 versus 82 in 2016.
  • There were 15 homes sold in August compared to 10 in the same month last year. The average selling price to date has gone up again to $183,742 compared to last year’s average price for the entire year of $189,652.
  • Number of homes listed for sale has gone down from 47 to 40. For the past several months the number of homes listed for sale has hovered at or near 40 and you can see that trend continues.
  • In the past 12 months there have been 128 homes sold in the Batesville School District. With 40 currently on the market that means we have 3.8 months on hand of active listings. We have now had several months of a Seller’s market but so far there has been very little significant increase in property values.
  • At the end of August there are 16 houses pending sale for a total list price of $3,779,600. That compares to 15 at the end of July for a total list price of $3,563,800.

Our year-to-date sales are now only slightly behind 2016. For the next 3 months the average sales in 2016 were almost $1,750,000. With 16 homes pending and listed for $3,779,600 it now appears that 2017 sales will exceed the 2016 sales. Like the rest of the country the number of homes listed for sale continues to be low compared to previous years.

If you are interested in buying or selling a property please call or email me at 812-212-1450 or JDreyer@lohmillerrealestate.com

If you have friends or neighbors who may be interested in receiving this monthly Dreyer Report please have them call or email me with their email address

Interest rates are now at 3.75% for a 30 year fixed rate mortgage.

Sincerely,

Jim Dreyer

Lohmiller Real Estate is a member of the National Association of Realtors and a provider of housing opportunities made equal. If your property is currently listed with another broker, please disregard, we do not intend to solicit the offerings of other brokers. All rights reserved, Lohmiller.

Timothy Hill Earns NAR’s Military Relocation Professional Certification

Military Personnel and Veterans Benefit from

Realtor® Expertise in Military Benefits, the Relocation Process, and Support

certificateTimothy Hill with Lohmiller Real Estate] has been awarded the nationally recognized Military Relocation Professional Certification.  The National Association of Realtors® awards the MRP certification to Realtors® who help military personnel, veterans and their families find housing that lets them make the best use of their benefits and serves the unique needs of military life.

When military staff and their families relocate, the services of a real estate professional who understands their needs and timetables can make the transfer easier, faster and less stressful.  Realtors® who earn this certification know to work with active duty military buyers and sellers, as well as veterans.

“Service members may only have a couple of days to view properties and make an offer, and others might be deployed at the time and need someone who can represent them while they’re away. Working with a Realtor® who understands the singular complications that arise with military service can help make the home buying process simpler, faster and less stressful,” said National Association of Realtors® President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. “The MRP certification lets home buyers and sellers know that a Realtor® knows the ins and outs of military housing benefits, such as zero-down payment loans, and the specific needs service members and veterans have when searching for their new home.”

The certification provides NAR’s members with resources to accommodate current and former military service members at any stage of their military career and is an approved elective for NAR’s Accredited Buyers Representative designation. To earn the MRP certification, Realtors must be in good standing with NAR; complete the MRP Certification Core Course; complete a reading providing background information on the military, included acronyms and understanding military culture; and complete two webinars.

For more information about the MRP certification, visit www.militaryrelocationpro.org

The Dreyer Report

Residential Real Estate Sales Batesville School District

Based on Information from SEIBR , Inc. Multiple Listing Service of SE Indiana

Presented Monthly by Jim Dreyer, Broker Lohmiller Real Estate 812-212-1450

jdreyer@lohmillerrealestate.com

1/1/17

* Sales in December were $1,105,500 compared to the same month last year of $1,291,750.

* Year-to-date sales are $22,947,857 compared to 2015 year-to-date of $20,351,008 That is $2,598,849 or 12.8% favorable to last year. The number of units sold was 121 versus 108 in 2015.

* There were 6 homes sold in December compared to 7 in the same month last year. This reduced the average selling price to date to $189,652 compared to last year’s average price for the entire year of $188,435. That is less than a 1% increase.

* Number of homes listed for sale has gone down from 41 to 36. For the past several months the number of homes listed for sale has hovered at or near 40. That is much lower than recent years.

* In the past 12 months there have been 121 homes sold in the Batesville School District. With 36 currently on the market that means we have 3.6 months on hand of active listings. Based on national experts this continues to be a Seller’s market.

* At the end of December there are 8 houses pending sale for a total list price of $1,414,499. That compares to 7 at the end of November for a total list price of $1,319,400.

Residential real estate sales in both dollars and units sold was the highest it has been since the record year 2007. Also we have now had 3 consecutive years with sales exceeding $20,000,000.

During 2016 Countryside Realty merged with Lohmiller Real Estate to become the 2nd largest real estate firm in southeast Indiana. We are now the largest real estate firm serving the Batesville area.

If you are interested in buying or selling a property please call or email me at 812-212-1450 or jdreyer@lohmillerrealestate.com.

If you have friends or neighbors who may be interested in receiving this monthly Dreyer Report please have them call or email me with their email address

Interest rates have now risen to 4.25% for a 30 year fixed rate mortgage. If you are not considering the purchase of a new home you may want to check with your lending institution to see if it is beneficial for you to refinance your current loan. Rates appear to be on an increase so don’t wait too long to possibly refinance.

Sincerely,

Jim Dreyer