Submitted by: Kathy Moore Cloud - Boerne Office
Boerne, Texas is on a high growth corridor Northwest of San Antonio, Texas on Interstate l0. I couldn’t agree more with Gary Ashton’s interview in an RISMEDIA article by Dr. Cliff Baird November 2l, 2007. Although Ashton is in Nashville, he expresses a sentiment heard throughout our own local real estate market as well for the immediate future (next l2 months).
“The past couple of years were definitely sellers markets and now the tide has turned towards a buyer’s market but the sellers are not at a point where they have to take huge losses to move their homes. Expectations are becoming more reasonable. Sellers are realizing that there may be longer days on the market than before but the homes are still selling. Thankfully I notice more realistic listing prices. We will have the seasonal lows around November, December and January and demand will increase again around February, March and April and through the rest of the summer."
The level of the demand will, to some extent, be determined by the media’s perception of the real estate market. The reports in the media are based on reality but they have created a perception that the problem is actually much worse which the public then absorbs as fact. They then perpetuate this belief by making the perception reality. It is the ultimate self-fulfilling prophesy. It’s a vicious cycle and has turned the buyer’s state of mind in to a “wait and see” mode.
The long term effects of this hesitant buyer will be to create a seller’s market when consumer confidence returns and the pent up demand is released. As the number of buyers flood back on to the market, the demand increases and the sales rise, days on the market is then reduced…and we will return once again to the seller’s market. Thus the cycle completes itself. It always does.
A spokesperson from the Brinks family reminds us all “real estate is the greatest lifelong investment there has ever been and ever will be”. Indeed! Our Real Estate business grows yearly for the Cloud Group thru personal referrals and web based lead generation which is powerful. The Cloud Group growth and personal referral client base is a direct reflection of the power of our personal services and professional knowledge. We are proud to be part of the largest Independent Brokerage of South Texas. Bradfield Properties’ longevity speaks volumes in this type market both to us as Realtors and to our clients. For more information, please visit me at www.bradfieldproperties.com/kathymoorecloud or send me a message at kathymoorecloud@BradfieldProperties.com .
