Page 2 - Allisons Newsletter, Lakewood Village - Aug 2018

HOW TECHNOLOGY HAS CHANGED

REAL ESTATE
BUYING / SELLING A HOME

s technology continues to and share documents with their agent
advance and evolve, so does from anywhere in the world.
A the real estate industry. Online listings are not just
While the fundamentals remain, so beneficial to sellers, of course. Buyers
much has changed about the way we are able to search through numerous
buy and sell homes. listings in a short period of time. They
can quickly and easily contact a selling
REAL ESTATE IN agent with questions. Plus, online
THE INTERNET AGE listings usually offer lots of helpful
Not too long ago, homebuyers information to buyers - such as the
would have to page through real values of comparable homes nearby,
estate magazines, labor over listings in or how much a home last sold for.
the paper, or drive around in search Another huge advancement that
of “For Sale” signs. If you lived in a comes along with online listings is the
different city from where you were ability to offer virtual tours. Virtual
looking to buy, this was especially listings can help your agent to narrow
difficult and time-consuming. On down the pool to only serious buyers, automated and can be controlled via a want their homes to be outfitted
the seller end of things, homeowners minimizing unnecessary showings. computer or mobile device. More and with modern technology, and they
had little ability to make their listing This helps save time (and frustration) more, consumers are choosing smart are willing to pay for it. According
more attractive than the next. There for everyone involved - buyers, sellers, appliances like refrigerators that send to the National Association of
was also no real way to know how and Realtors alike. text messages when the milk gets low, Homebuilders and the Consumer
potential buyers were reacting to their Going beyond the virtual tour of or vacuums that clean by themselves. Electronics Association, a home with
marketing efforts. an existing home, buyers can explore Today, virtually every major smart technology components can
The internet has been an absolute a home that hasn’t even been built yet home system can be automated and sell for 3-5% more than a comparable
game-changer for the home-selling via virtual 3D renderings. externally operated, from lighting home without those features.
market. Listing your home online and heating to irrigation and security. Modern technology is helping to
allows you to update information, add THE RISE OF SMART HOMES This allows a homeowner to monitor streamline and simplify the buying
pictures, or change your asking price Another major way technology and control what’s going on in his or and selling process. Whether you’re
in real-time. An agent like Allison has changed buying and selling her home from anywhere there’s a buying or selling, connect with an
Van Wig can see how many views homes is through the advent of the wi-fi signal. agent like Allison Van Wig who
a listing has been getting, and reach “smart home.” The term is used The desirability of these smart understands and uses the latest
out to interested parties in an instant. to describe houses equipped with features creates a new type of demand technology to help you achieve your
Buyers and sellers can communicate technology that is at least somewhat in the real estate market. People goals faster and more effectively. n

LAKEWOOD VILLAGE MARKET UPDATE

NUMBER OF ACTIVE LISTINGS AND AVERAGE SALES PRICE DAYS ON MARKET AND PRICE

12 $1,200,000 60 $1,000,000

10 $1,000,000 50
$800,000

8 $800,000 40
$600,000

DAYS 6 $600,000 PRICE DAYS 30 PRICE

$400,000
4 $400,000 20

$200,000
2 $200,000 10

0 $0 0 $0
AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL
2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018 2017 2017 2017 2017 2017 2018 2018 2018 2018 2018 2018 2018

ACTIVE LISTINGS, NUMBER OF SALE PRICE, AVERAGE DAYS TO SELL, AVERAGE LIST PRICE, AVERAGE

AREA COMPARISON REPORT

JUNE 24, 2018 - JUNE 24, 2017 -
JULY 24, 2018 JULY 24, 2017 YEAR 2018 TOTALS YEAR 2017 TOTALS

AREA SOLDS AVERAGE MEDIAN SOLDS AVERAGE MEDIAN SOLDS AVERAGE MEDIAN SOLDS AVERAGE MEDIAN

29-LAKEWOOD
VILLAGE 1 $785,000 $785,000 4 $920,000 $880,000 18 $720,839 $787,500 42 $746,343 $720,000

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