January 2014 Trends, Tips & Tricks | Real Estate | Kim Kroner Real Estate

December 2013<-- | 

Kim Kroner & The Kroner Team

• Kim Kroner 
• Helping You Make Informed Decisions....
• 2012 NVAR Multi Million Dollar Sales Club Top Producer

• Tel: 800-961-1328
• Cell: 703-946-2526
• kim@kimkroner.com
• http://KimKroner.com

Your Market Data for:

January 2014

Your real estate information source.

Welcome to the latest issue of my newsletter!

As a real estate professional, I strive to keep in touch with my clients and provide them with information that I hope they will find useful. This newsletter is an opportunity to let you know about the state of the market and current trends. It may even touch on ways that you could enhance your home's value. I hope the market data and articles will help you with understanding real estate today and help you with your real estate decisions. If you have any questions, please do not hesitate to contact me.
Kim Kroner & The Kroner Team

Trends, Tips & Tricks

MRIS Real Estate Sales Data

Average Listing Price (last 12 months)

Average List Price in December

Single Family Homes	$719,315	Condos/Townhomes	$386,003	Multi-family Homes	$4,714,502

Keys for Buying and Selling when the Market is slow

It's a whole new world for home sellers. So, how do you make your house stand out so it will sell when sales are slow?
Price your home correctly. When mortgage rates are low and buyers are chasing too few houses for sale, sellers can ask high prices and get them. Even when houses are overpriced for the market, sellers are likely to receive some offers, as buyers are often desperate to find a home that meets their needs.
But, when things are slow, pricing is absolutely critical. Instead of pricing your home aggressively high or low, you should consider pricing your home no higher than the middle of the range for homes comparable to yours. And if you need to sell your home quickly, consider pricing your home in the bottom 25 percent of comparable homes. Why? With few buyers chasing many homes, you need to quickly get the attention of those who are serious about buying. If your home is priced too high, you many never get buyers to even consider looking at your home.

MRIS Real Estate Sales Data

Days on Market (last 12 months)

Current Average Days on Market in December

Single Family Homes	156	Condos/Townhomes	104	Multi-family Homes	181

Home Improvements and Which Ones to Do

Whether you plan to sell in the near future, or just want to improve the value of your home, here is one low cost improvement you should consider.
Paint the interior. If you haven't painted in 10 years or more, your ceiling is probably looking dull and the colors on your walls are out of style.
New home owners have a tendency to use the same color throughout most of their house. That color is usually white, or another neutral color. You can increase the value of your home by choosing more contemporary colors, oftentimes selecting more vibrant colors for at least a few rooms in your home. Freshly painted ceilings will brighten your home.

Read more: http://www.houselogic.com/home-advice/home-improvement/9-surprising-things-add-value-your-house/#ixzz2rSsofxVf

Community Report

Kim Kroner & The Kroner Team

Cell: 703-946-2526
Tel: 800-961-1328
kim@kimkroner.com
http://KimKroner.com

2012 NVAR Multi Million Dollar Sales Club Top Producer
309 Maple Avenue West
Vienna, VA, 22180

Data is deemed accurate but not absolute, no warranty is given. If you are already working with a REALTOR© this is not meant to be a solicitation.