Followers

Wednesday, September 30, 2009

Print Advertising VS Technology

We've all read it in the news - and chances are high that we did not read it in a newspaper but instead while browsing the Internet - that the newspaper industry is currently threatened with extinction. That means that the approach that real estate agents take to effectively market properties must change, adjust, evolve, and stay ahead of the technological curve in order to succeed.

In the past, we relied heavily upon print ads, especially those found in newspaper real estate sections. However the majority of buyers now do house hunting via the Internet. The National Association of Realtors (NAR) reports that 87 percent of home buyers in the US say they used the internet as an information resource during their home-buying process - and the numbers of online buyers continue to skyrocket. Connecting with those buyers is vital, and that is why I am intensely focused on tech-savvy marketing and why I stay up to speed on all the latest online real estate marketing methods and trends.


Not only do my clients benefit from having their homes marketed on more than 30 unique online sites and extensive email marketing, for instance, but Coldwell Banker just launched iPhone applications especially designed for customized real estate searches. I can use the application to perform lightening fast searches for property in your neighborhood or around the globe. Researching recent home sales data from an iPhone is a breeze, and you can also be alerted when new properties or open houses are made available that meet your criteria. Addresses and directions to homes are also provided thanks to a built-in GPS system.


The future is here, and it is more exciting than any of us could have possibly imagined. Please don't hesitate to call or send me an email if you'd like further information regarding the market.

Friday, September 25, 2009

Home Sales in 92067

Over the past 90 days, there have been 26 properties that have closed escrow in the 92067 zip code. Pricing ranges from $1,449,000 in Hacienda Santa Fe to $5,950,000 in the Covenant. At present there are 18 properties Pending and over 250 Active listings.

The market is gradually regaining itself. The higher end homes ( over $5M) are slower to recover, although there are 3 properties currently Pending over $6M.

Buyers are coming from all across the United States and the world looking for well priced properties in Rancho Santa Fe. The locals seem to be laying low, not moving from neighborhood to neighborhood as has been the norm here for years.

Let's see what develops in the months ahead.

Have a great day!
Danielle

Wednesday, September 2, 2009

Turning up the Heat in RSF

As we are seeing a rebound in the housing market in San Diego, these changes are being slowly reflected in the higher end Rancho Santa Fe marketplace.

In the last 30 days there have been 7 properties that have closed escrow in the 92067 and 92091 zipcodes, ranging in price from $2M to $5.4M. Currently, there are 11 Pending properties ranging in price from $2,95M to $5,995M.

It is great to see movement in the market. But, it doesn't put quite a dent in the nearly 300 Active listings over $2M in Rancho Santa Fe.

Seems like the heat is slowly increasing in the market. Multiple offers are ocurring on properties that are priced under market, bank owned and short sales. Could be signs of the times.