Popcorn js-demo-slides
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This document summarizes real estate market indicators and terms. It provides biographical information and experience of real estate agent Mona Koussa. It then defines terms like inventory levels, median vs average prices, sold vs asking prices, properties under contract, and months of inventory. Each term is accompanied by a brief explanation of what it measures and implications for the housing market. The document aims to educate readers on how to analyze local housing market conditions.
Popcorn js-demo-slides
- 1. Enhanced Market Report A Popcorn JS Experiment
- 2. Mona Koussa • Education: B.S. Business and International Marketing Degrees from San Jose State University. • Area Knowledge: Mona has lived in the East Bay for the last 35 years. • Real Estate Business Experience: Spanning over 18 years. Owned and managed own marketing firm. • Over $250 Million in Sales. • Certified Short Sale Agent, Certified Foreclosure Agent, Certified Home Retention Consultant http://www.ehomesurf.com/
- 3. Signs of a Sellers Market • Inventory is very low as compared to previous months / years. • Less than six months of inventory is on the market. • Comparable sale prices are lower than active listing prices. • More buyers are purchasing, resulting in higher closed sale numbers. • Median sales prices are increasing. • Listings spend less time on market i.e. lower days on market http://www.ehomesurf.com/
- 4. Median vs Average • Average otherwise known as the mean is figured by taking a total for a group and dividing by the number of members. • The median is the middle number or the 50th percentile. • Both are useful but the median is less influenced by outliers than the average. http://www.ehomesurf.com/
- 5. Sold vs Sale Price • By measuring the value of the sold price vs the asking price we can measure buyer’s interest in a given market. • Market’s showing high demand will often show sales prices in excess of asking price • Effective pricing is the most tried and true strategy for getting the most value for your home. http://www.ehomesurf.com/
- 6. Under Contract • This is a measurement of listings who are pending sale. • By measuring the number of homes in a market under contract we can make assumptions about the market supply and absorption rates. http://www.ehomesurf.com/
- 7. Months Supply of Inventory • Months supply gives us a tool for measuring the absorption of properties in a market. • By determining the market saturation we can more effectively price and place a market for rapid sale. http://www.ehomesurf.com/
- 8. Mona Koussa • Mona is an ambassador to your ideal home... • Mona made our house buying process absolutely hassle free ... • Mona worked countless hours with my wife and I .... http://www.ehomesurf.com/testimonial http://www.ehomesurf.com/
- 9. Disclaimer’s • This presentation was completely made up by Mark Flavin for a technical demo. • There was no input from the agent named, nor do I believe I know her personally. • The information in here is most likely correct but you should contact a real estate professional before making any assumptions.