Buyers Are Back!

By now you've heard that real estate market is a crazy seller's market, with low inventory and houses flying off the shelves way above asking price.  

Well, guess what...  Buyers are back, baby!  

Things are changing quickly.  In this episode, we bring you the very latest from the front lines of Prescott-area real estate and what you can expect in the weeks and months ahead.

hello hello hello my little fellow pickle peeps people pickle pickle peepers that’s right we’ve had some comments from some people and i you know so they said where’s the hello hello hello did she retire the hello i well i didn’t do it on purpose i didn’t even realize and they were like we kind of missed the hello hello bye popular demand so back by popular demand i’m here to say hello hello hello trademark hope everybody’s doing great out there today we are yeah we’re trying we’re doing our best we’re doing really good we’re excited cheers to you good day today um we kind of want to talk a little bit about our changing market changing market buyers are back my friends buyers are bad baby here you go so for that yeah for the for the longest time uh i guess kobet kind of kicked us off the middle of 2020 started a seller rampage show so a lot of people deciding they wanted to move you know change of change of life change of work time to retire i’m tired of this i’m checking out uh but a lot of sellers weren’t selling i guess they were afraid to put their home on the market for whatever reason we had very high demand but very low supply so now what we’re finding not so much anymore kind of like a stick of margarine starting to soften a little bit there you go when you start to yeah when you when you go to bake you bakers out there no you kind of want to soften them so anyway the market is softening up a little bit numbers indicate that we’re kind of close to a balanced market yeah uh in particular higher end homes uh we’re even seeing uh uh buyers markets even strong buyers markets at some of the higher end price points so buyers are back uh buyers are back baby yeah so instead of homes jumping off the market a little more time to consider uh if you’ve been waiting for the market to kind of soften a little bit before you’re really willing to jump in as a buyer now is a good time so you know what we’re finding it’s it’s actually a little refreshing because uh those of you who’ve been looking we’ve been in a frenzy like get your offer in and i don’t even know if you’re going to get it unless you’re at full ask or over and they’ll you’ll be up against 10 other offers very discouraging yeah uh very high pressure now it’s kind of nice uh prices are not dropping dramatically nothing like that prices are pretty stable pretty stable but yeah some some small adjustments uh the the market was the prices were appreciating so fast that when you first list a home we would uh appreciate we would price into the appreciation so if it’s going to be a month or two before you close you don’t want it to look like you understood the home correct so we were kind of pricing up and all the listing agents were starting to get that uh so when the market started uh kind of uh mellowing out a little bit uh we saw some price decreases but i think they were just basically taking off the the little extra added so folks don’t think we’re going to have to crash like that’s not going to happen first of all we still have a high demand people are looking for homes there’s high inventory back in the olden days when we had that terrible drop there was a glut of homes on the market plus a glut of people walking away from loans that they had no business having in the first place yeah so now you know that was the story of 2008 yeah correct so now the lenders are very strict so not so many people walking away yeah no go out of here no blood of homes new construction is still far out all those homes have been paid for there’s not going to be a huge bunch of homes are gonna be thrown on the market with no buyers right so we just kind of want to let you know instead of having this high pressure like we must get the offer in we’ll be one of 15. now you know give us a couple of days you can write the offer up it might be one of two or three offers so it’s a little bit more breathing room yeah uh which i like um and higher price points even even less so yeah yeah you will probably be the only mark particularly for existing homes have been around a little while uh yeah so we’re kind of excited and the main thing that we’re excited about is um our favorite favorite favorite thing to do is when we have a listing is to try to find one of our buyers that we can connect and uh you know introduce our buyer to our sellers listing it’s our favorite thing to do and um it just happened today so we’re super excited um nothing makes me happier than to see both sides of my clients uh reach a good decision reach a good um yeah you know the deal works so well for both of them yeah and you feel really good so today we had one of those just serendipitous days and everything fell into place yeah and uh so kudos to our listeners and kudos to our buyers uh lovely both sides great great people great people nothing makes our heart happier than to see two people come to uh you know a you know meeting of the minds the media of the body yeah yeah and everybody’s happy and that is my favorite thing we can really bring two parties together yeah we we were doing some of that i mean we always do uh but we were able to do less of it just because we tell our sellers look i mean you can wait for us to find you a buyer but the market is so crazy right now we really can’t recommend that you do that you really should go on mls you know and open up you’re going to have multiple offers and everything now buyers are a little more scarce yeah and uh you know we will always have buyers and so we’re able to make some more connections this is the i think the second we call this our secret agent deal by the way you will see that on our website um this is the second one in like a couple of months two weeks yeah two weeks yeah that’s right that’s right two weeks so yeah it just tickles us when we can connect two parties and make the deal happen and everybody’s thrilled and it’s easy peasy for our sellers and our buyers are just delighted um it’s kind of nice when you have the inside skinny and we’re like honestly i know the perfect house for you yeah and it’s just a beautiful thing yeah time to make those matches yeah time to take your buyer around and let them settle in on what they’re really looking for and uh this this transaction in particular really good pairing yes so you know we did our shopping we took them around and they kept circling back to uh our listing and so anyway it’s just a happy time when that happens and we thoroughly really that it’s a good fit so anyway we advertise a lot and so we bring a lot of buyers in from out of state and uh if i have a listing that i think might work for them we try to connect those two and it’s a beautiful thing beautiful thing a beautiful beautiful thing when it does happen so anyway uh we just wanted to share that i’m going to let you know if you’re feeling high pressure start to take a chill pill people it’s kind of getting things are getting back closer to more yeah more peace out more so yeah yeah so it’s uh it’s been nice yeah uh if you’re interested in market information i’ll put a link down below this video where you can check out our market analysis we do that every month and we update it for what’s going on so if you’re not uh up to speed on what’s going on in the prescott market that is a really good place to start it is so if you are looking uh to list your home or you’re looking to buy a home uh look up the pickle lady look up the pickle randall and diane bro here of prescott arizona we are your local husband and wife team we’d love to connect you with the perfect home for whatever you may need that’s right that’s right so give us a call 713-302-1964 or or you can go to pickle411.com there is our information site whether you are a buyer a seller or somewhere in between you can find what you’re looking for there always free always dynamic and personable and all the good things i can say about that uh but good stuff good stuff like that completely free lots of good information there whether you’re interested in real estate or the social scene or whatever market conditions we got a whole lot going on pick all four one put it out there to all the masses so those of you who said where’s hello hello hello i’m back baby hello hello hello now i’m going to say goodbye goodbye until our next one until our next one have a great day bye