Impress Buyers With These Staging Shortcuts
Our Founder, Carl Johnson, has completed the Real Estate Staging Association's staging to sell course and is designated as a Certified Staging Advocate. This means we are best able to show off your house's strength in the marketplace! Read below about six key home staging shortcuts you can do on your own!
Home staging highlights the best features of your house and makes it more marketable by giving it a clean, organized, and neutral appearance. It also makes your home more appealing to the greatest pool of prospective buyers.
Hiring a professional stager is a good investment because they have the design expertise and time to get the job done right. If you don't have the budget to hire a professional, follow these six home staging tips to get you on your way.
Click here to read more on home staging and how Carl Johnson Real Estate can help you!
Springtime Staging: Do's & Don'Ts
As springtime arrives so does the official kick off of the busy housing market season! It is important to complement your home and make it stand out, no matter if it is a seller or buyer's market. See below some tips for Do's and Don'ts for Home Staging to get ahead of the rest!
Check out our resources for other Home Improvement project ideas for your house! Click here to read more!
The Institute for Luxury Home Marketing released their March 2022 Luxury Market Report. Click Here to download the full report which covers the luxury real estate market in North America. Below we highlight some key takeaways from the report that we feel are important to our clients!
"In a recent report released by Coldwell Banker Global Luxury (CBGL) they shared the staggering percentage growth of global wealth in 2021 and, more significantly, the number of individuals who are now classified as high net worth (HNW) - those with over $5 million in net worth. CBGL commissioned Wealth-X to research the growth of wealth globally during 2021 and while their results led to an expected annual percentage increase, of more significance was the rate that it had increased. This nearly unbelievable increase had been unpredictable, even as little as three months prior to the end of 2021, until Wealth-X finally assimilated the data in January 2022. For the most part, the growth of wealth has steadily risen over the last 10 years, but the results were truly unprecedented for 2021. The volume of wealth increased by 2.1% in 2020 compared to 2019, but in 2021, it grew a staggering 20.4% compared to 2020."
"'This extraordinary wealthy population growth led to a real estate expansion like we’ve never seen before. A new map for luxury opened up new locations and multiple home ownerships in greater numbers. Home as safe haven became the rallying cry for our time' reports Michael Altneu, Vice President, Coldwell Banker Global Luxury".
"As the number of wealthy increased over the last 18 months, coupled with the new lifestyle choice of ‘home’ being one of the most crucial requirements in a portfolio, the exponential increase in demand for luxury real estate instantly becomes clearer. According to Wealth-X, HNW home ownership between 2019 and 2021 increased 180.1% for homes valued at $1 – 5 million and 102.4% for homes valued above $5 million. In the U.S., ownership of a luxury property above $1 million is now at 85% for HNW individuals, but even more enlightening is their propensity for multiple home ownerships; with 70% of HNW owning at least two properties, and 46% of them owning three or more."
See below the 13 month market trends for North American Luxury listings.
Below are the stats of the single family homes monthly review:
Did you know Carl Johnson Real Estate provides a variety of resources to our clients and friends. Click Here to read about some important points we make in an article by Carl about home foundations.
Local Market Update - March 2022
Per the Triangle MLS: "Nationally, existing home sales recently dropped to a 6-month low, falling 7.2% as buyers struggled to find a home amid rising prices and historic low inventory. Pending sales are also down, declining 4.1% as of last measure, according to the National Association of REALTORS®. Builders are working hard to ramp up production—the U.S. Census Bureau reports housing starts are up 22.3% compared to a year ago—but higher construction costs and increasing sales prices continue to hamper new home sales, despite high demand for additional supply."
In Chatham County, there was a 19.9% decrease in new listings in March. The number of closed sales decreased 11.2% between 2021 and 2022. Median sales prices also increased by 27.3 percent. In March, Chatham County median sales price was on part with the median sales price for all MLS listings.
In Durham County, closed sales have decreased 9.7 percent year to date. Median sales price has increased 0.7 percent when compared to March last year, moving from $304,900 to $395,000. Average sales price increased by 22.4% year to date. In March, the Durham County median sales price was much higher compared to the median sales price of all MLS listings.
The number of listings in Orange County has decreased by 18.8 percent, from 528 new listings year to date last year to 429 new listings this year. There was a 1.3 percent decrease in closed sales. Additionally, median sales price increased by 16.7 percent, from $365,000 to $426,000. In March, Orange County median sales price were below the median sales price for all MLS listings.
In Wake County, there was a decrease of 16.6 percent in the number of new listings year to date compared to last year. The number of closed sales decreased 11.6 percent. Median sales prices increased by 23.9 percent year to date, rising to $440,000. Compared to the median sales price for all MLS listings, Wake County median sales price were on par for March.
Click here for tips on how to freshen up your home for spring!