Before you read these stats, brace yourself! If you still think it’s ok to list with just anyone, these stats will surely open your eyes!
RESIDENTIAL: More single family homes failed to find a buyer in 2011 than any year since 1998, and 2011 saw DOUBLE the failure rate of the very disastrous 2007!
FARMS/ORCHARDS: The number of failed efforts was five times the number of solds in Summerland. There are 13 active listings, 5 solds all of 2011, and 26 times a property this category did not sell.
LOTS: there is a four and a half year supply of building lots in Summerland.
17 sold Summerland MLS, 78 active for sale and 36 tried to sell but could not find a buyer.
COMMERCIAL: 100% of the commercial, industrial, investment properties sold in Summerland (MLS) in 2011 were foreclosures. But, there were only 2 sales anyway! And there are 17 left active, but there are 22 others that tried and failed to find a buyer in the last 12 months.
These MLS statistics display a very soft market where it is imperative your listing agent has the experience to get your place sold, now more than ever, a full service Agent makes all the difference in the world.
PS My most recent listing sold for 99.3% of full price, in under 60 days!