Monday, January 11, 2010

2009, THE YEAR IN REVIEW


Highlights:
  • Our new Prudential Georgia Realty office opened at Suwanee Town Center in January
  • Valentine's Day Open House to thank past clients
  • Buyers had incredible Buying Power, interest rates are low and $8000 Buyer tax credit
  • Suwanee City Hall was completed, as well as rest of retail buildings
  • Spectacular Spring...not too much rain, just right temps
  • My Army son completed his Associate Degree and didn't deploy overseas this year
  • My teenage son got his driver's license in August (see lowlights too)
  • Sugar and Spice (my puppies) continue to add joy and love
  • Seller tax credit added in October
  • Extended buying season lasts into November, due to Buyer tax credit 
  • Much less inventory on the market...good for sellers
Lowlights:
  • Short sales are the most dreaded transaction, for agents, buyers and sellers
  • Average sales price down about 17% from same time last year (Suwanee, Single Family)
  • My teenage son got his driver's license in August
  • Bank owned properties are often good deals for buyers, but must navigate thru the "our way or no way bank mentality"
  • Unprecedented flooding in the Fall wreaks havoc
  • Appraisal values continue to be nail biters (many appraisers not familiar with area due to new government rules) 
  • Slower than normal summer buying season
  • Conventional loans harder to get
  • Much less inventory on the market by the end of the year...less choice for buyers, precursor for sellers market

Words to live by in 2010:

Life isn't fair, but it's still good.
Don't take yourself so seriously, no one else does.
However good a bad situation is, it will change.

Frame every so called "disaster" with these words: In five years, will this matter?


      

No comments:

Post a Comment