Jenell Fontes Sales across the valley are seeing another adjustment from sales volume last year… At this point I see us leveling off at these current numbers. I am however expecting to have a good sales season across the board as buyers realize that “it aint getting much better than this” and sellers realizing that pricing is leveling off with a slow acceleration. Assets over 1.5M need to be priced competitively as there is a TON of competition and inventory on the market. New home builders are chomping at the bit and getting back into the game with great pricing and product. Unfortunately, at the end of last year most of our sellers were overconfident in the market and do to a surge of sales with huge price increases they felt this was the NEW norm. Sellers were overzealous in their pricing in January 2014 and that resulted in a lot of overpriced inventory across the valley that sat through the season. Also, seasonal buyers came i...
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