Wednesday, December 16, 2015
Lake Gaston Real Estate Dec 1, 2015 by REMAX Broker Partner Barney Watson RE/MAX On The Lake
Lake Gaston Real Estate Update Video
Saturday, September 19, 2015
Lake Gaston Real Estate Update End of Aug 2015
"The Lake Gaston Real Estate market ends the summer with increased buyer activity" Read http://lakegaston-real-estate.blogspot.com/2015/09/lake-gaston-real-estate-update-end-of.html
Friday, August 28, 2015
Lake Gaston Real Estate Broker Managing Partner RE/MAX ON THE LAKE
Lake Gaston Homes For Sale - RE/MAX On The Lake Broker Managing Partner Barney Watson Showing Lake Gaston real estate every day. "National Recognition & Years of Local Experience." Click here for printable flyer on this great home http://www.virtuallyshow.com/flyer/51057
Saturday, August 22, 2015
Lake Gaston Real Estate Market Video Update End of July 2015
A brief video about the current Lake Gaston real estate market, end of July 2015, by RE/MAX ON THE LAKE BROKER Barney Watson 252-532-3274
Thursday, July 23, 2015
Lake Gaston Real Estate Market Update End of June 2015
Lake Gaston Real Estate Update by: RE/MAX On The Lake Barney Watson
Lake Gaston is the ideal place for a perfect summertime lake experience. Real estate showings to vacationers is increasing. It is hard to say good-bye once you have fallen in love! That is how many of us locals, myself included, came to call Lake Gaston home.In June we closed on 24 properties, 16 waterfront homes and 8 offshore homes totaling $8,473,000. In June of last year we closed on 23 properties totaling $6,150,500.
In the first half of this year we have closed on 81 waterfront homes averaging $411,130 each and 45 offshore homes averaging $117,512 each. Lot sales continue to be slow with 15 waterfront lots averaging $154,817 each and 4 offshore lots averaging $10,600 each. Total closed sales for the first six months of 2015 equaled $41,031,208 compared to total sales of $31,083,579 for the same period of 2014, an increase of 32.0%. In the first six months of 2013 total closed sales equaled $42,635,805., signaling we are even or slightly behind where we were two years ago. Last year buyer activity was slow in the first half of the year.
All sales statistics are from the Roanoke Valley Lake Gaston Board of REALTORS®
Nationally, home sales are surging in many areas of the United States. The National Association of REALTORS® reports the Pending Home Sales Index in May climbed to a 9-year high. They say the index has increased to 112.6 which is just below the August 2006 levels. They also report existing home sales in May climbed 5.1% which is the third consecutive month of sales rates exceeding 5 million homes.
Several factors help explain the surge:
Consumer confidence showed a solid gain in June following a modest increase in May supporting the view that job growth is giving a boost to the overall economy. The Conference Board’s latest report says the consumer confidence index rose to 101.4 in June, up from May’s reading of 94.6. The index is now 17.4% higher than a year ago, evidence the economy is poised to enjoy stronger growth through the rest of the year. The expectation is the stronger job growth will boost consumer confidence and lift consumer spending which accounts for more than 70% of economic activity. Analysts are predicting growth rebounding to 2% or better and accelerating even further to growth in the 3% range for the second half of 2015.
Affordably low mortgage rates have helped with home sales this year. Current local mortgage rates are 3.875% for 30-year fixed and 3.0% for 15-year fixed mortgages. The Mortgage Bankers Association predicts the 30-year fixed rate will rise to 4.4% by year-end. In 2016, they project interest rates will climb to 4.6% in the first quarter, 4.8% in the second quarter, 5.0% in the third quarter and 5.3% in the fourth quarter. This rise will impact the affordability of home ownership.
Thinking of buying or selling a Lake Gaston property? Now is a great time, we have eager sellers as well as strong buyer activity.
RE/MAX On The Lake - Barney Watson - Managing Partner, Broker, Realtor®
I am a licensed real estate Broker in North Carolina and Virginia. I have earned the following designations:
ABR – Accredited Buyers Representative
ALHS – Accredited Luxury Home Specialist
CHMS – Certified Home Marketing Specialist
CRS – Certified Residential Specialist
GREEN – National Association of REALTORS® GREEN Designation
GRI – Graduate REALTOR® Institute
RSPS – Resort & Second-Home Property Specialist
SRS – Seller Representative Specialist
SRES – Senior Real Estate Specialist
SFR – Short Sales & Foreclosure Resource
SPS – Strategic Pricing Specialist
I am also a recipient of the RE/MAX Hall of Fame Award
Tuesday, June 9, 2015
Friday, April 17, 2015
Sunday, April 12, 2015
Wednesday, March 11, 2015
Thinking of Selling? Now is the Time to List Your Lake Gaston Home
by: Barney Watson -
RE/MAX On The Lake
Broker REALTOR® / Managing Partner
Everyone knows early springtime is
when we see many new listings in the Lake Gaston area. Some homeowners might
feel it is worthwhile to wait until late April or May to list their property.
When new listings hit the market
the competition increases. We have
buyers looking to buy their Lake Gaston homes now. They want to get their
property ready and be settled in before first day of spring! The longer you wait to get your home on the
market the likelihood you will find more competition.
Make sure you choose a full-time
local REALTOR® that will provide you with market statistics in writing. The most important thing you can do when
listing your home is to price it correctly the first time. When arriving at a realistic asking price for
your home, a full-time local REALTOR® can help you decide a realistic asking
price. Remember, market value is: what a potential buyer is willing to pay for
your property. How much you paid, the
tax value or how much you will need to satisfy your future plans means nothing
to the willing and able buyer.
Interest rates are still low but
predicted to go higher between now and the end of the year. Don’t wait, if you are thinking of selling
your Lake Gaston property, get it on the market now.
Call Barney at 252-532-3274 or visit his website at www.barneywatson.com. Barney is a full-time local REALTOR® &
Managing Partner at RE/MAX On The Lake.
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| A Beautiful Lake Gaston Sunset - taken by: Barney Watson RE/MAX On The Lake |
Thursday, February 5, 2015
Lake Gaston RE/MAX On The Lake Broker Talks Selling Before Spring!
No Matter What the Groundhog Says ... You Should Sell Before Spring! By: Barney Watson RE/MAX On The Lake Broker / REALTOR® / Managing Partner
Is spring closer than we think? Depending on which Groundhog you witnessed on Monday, you may have less time than you think to get your home on the market before the busy spring season.
Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.
Here are four reasons to sell now.
1. Demand is Strong
Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are currently more prospective purchasers looking at homes than at any other time in the last 12 months, which includes last spring's buyers' market. These buyers are ready, willing and able to purchase ... and are in the market right now!
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
The level of quality listing is low, which means in the Lake Gaston area, there are not enough homes for sale to satisfy the number of buyers in that market. This may be good news for home prices. However, additional inventory is about to come to the market.
The choices buyers have will increase in the spring. Don't wait until all this other inventory of homes comes to market before you sell.
3. The Process Will Be Quicker
One of the biggest challenges of the housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. There is less overall business done in the winter. Therefore, the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend itself to a smoother transaction.
4. It's Time to Move On with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
That is what is truly important.
Monday, January 12, 2015
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