Roberto Mason - Real Estate

06/04/2024

New Review! Go Check It Out! https://www.zillow.com/profile/bmason150

05/27/2024

Congratulations to this amazing family for a successful home purchase. Grateful for the opportunity to service/navigate this challenging market.

And now for some market analysis!

As a professional in the real estate industry, it is important to understand the correlation between key metrics in order to make informed decisions as a buyer or seller.

First, let's look at the Months Supply of Inventory, which is currently at 1.42. This metric indicates how long it would take for all current listings to sell at the current pace of sales. A lower number typically indicates a seller's market, where demand exceeds supply.

The 12-Month Change in Months of Inventory is -35.16%, showing a significant decrease in the amount of time it would take to sell all current listings compared to a year ago. This suggests a tightening of the market and potentially increasing competition among buyers.

Median Days Homes are On the Market is 15, indicating that properties are selling quickly in this market. This can be attributed to high demand and limited inventory, leading to a faster turnover of listings.

The List to Sold Price Percentage is at 100.9%, showing that homes are selling for slightly above their list price on average. This can be a result of strong competition among buyers and limited options available in the market.

Lastly, the Median Sold Price is $470,000, reflecting the average price at which properties are selling. This can be influenced by various factors such as location, size, condition, and overall market conditions.

Overall, these metrics paint a picture of a competitive real estate market with low inventory, high demand, and properties selling quickly at or above list price. As a buyer, it may be important to act quickly and be prepared to make strong offers. As a seller, it may be a good time to list your property and take advantage of the favorable market conditions.

11/24/2023

Key real estate metrics that are crucial for both buyers and sellers in the market. By analyzing these metrics, we can gain valuable insights into the current state of the real estate market and make more informed decisions.

Let's start with the Months Supply of Inventory, which currently stands at 1.85. This metric represents the number of months it would take to sell all the homes on the market at the current sales pace. A lower number indicates a seller's market, where demand is high and supply is limited. With a Months Supply of Inventory of 1.85, we can conclude that the market is favoring sellers. Buyers may face increased competition, which could potentially drive up prices.

Next, let's examine the 12-Month Change in Months of Inventory, which shows a significant increase of +22.52%. This indicates a shift towards a more balanced market, as the supply of homes is increasing. For buyers, this means more options and potentially less competition. Sellers, on the other hand, may need to adjust their pricing strategies to remain competitive in this changing market.

Moving on, the Median Days Homes are On the Market is an astonishingly low 4 days. This metric measures the average number of days it takes for a home to be sold after being listed. Such a short period suggests a highly competitive market, where homes are selling quickly. Sellers can take advantage of this by pricing their properties competitively and ensuring their homes are in top condition.

List to Sold Price Percentage, which stands at an impressive 101.1%. This metric indicates that, on average, homes are selling for slightly above their listed price. This suggests strong demand and a willingness among buyers to pay a premium for desirable properties. Sellers can leverage this information to set an appropriate listing price and negotiate favorable terms.

Lastly, the Median Sold Price is $430,000, providing a benchmark for both buyers and sellers. This figure represents the middle point of all the homes sold in the market. Buyers can use this information to assess the affordability of homes within their budget, while sellers can evaluate their property's value compared to the market average.

Buyers should be prepared for a competitive market with limited inventory, while sellers can take advantage of strong demand and favorable pricing trends.

10/03/2023

The most rewarding aspect of entrepreneurship is getting the opportunity to help families build wealth. Congratulations Eric and Candy!

08/11/2023

Join us for an open house from 12-2. This property has an assumable 3.250% interest rate for qualified buyers!

08/07/2023

Relocating to Seymour Johnson AFB? Schedule a private tour! Call Mary Richardson - Keller Williams Realty Platinum (919) 922-4515

07/13/2023

A successful closing and a congratulations to my client.

Market conditions in Yorktown continue to provide excellent opportunities for sellers looking to capitalize on peak buying demand as we head toward the end of the summer with limited inventory.

Considering a move to Yorktown? Let’s schedule a free consultation.

06/28/2023

Inventory remains at historic lows positioning the marketing very much in the seller’s direction.

Mortgage interest rates are up relative to prior years so it’s important to structure your offer with affordability in mind, yet competitive enough to increase the likelihood of being accepted.

Looking to buy or sell in Yorktown?

Let’s schedule a free strategy session

06/25/2023

Here’s an excellent opportunity to invest in Williamsburg Virginia!

06/17/2023

Two opportunities to take a tour of this amazing property this weekend in Williamsburg!

06/16/2023

New Listing! If you or someone you know who may be interesting in relocating to the Williamsburg area, I have the perfect opportunity to do just that!

For sale This 2643 square foot single family home has 4 bedrooms and 3.0 bathrooms. It is located at 212 Sand Dr W Williamsburg, Virginia.

05/23/2023

Despite inventory challenges and increasingly high demand in York County, we were still able to secure a contract in a highly sought after district.

Perhaps, the difference maker in this business is staying persistent long enough to get the results your clients deserve and great collaboration with the listing team.

Congratulations to my clients on their amazing purchase.