It looks like November is going to be the slowest month for Real Estate in Logan Utah since January of 2004. November Home Sales will be about half of what they were in November of '06.
This slow down in the local real estate market is causing problems for many real estate brokerages, title companies, and mortgage lenders. A good number of agents will allow their licences to expire when dues are required at the end of the year.
Selling real estate in this market requires a little bit more than the ability to put a "for sale sign" up.
While the local market as a whole is down, Cornerstone Real Estate, a brokerage less than a year old continues to grow. Nine months ago, Cornerstone real estate represented less than 7% of all Cache County Real Estate transactions. In the last month, it has accounted for 15% of local real state transactions.
Cornerstone is able to succeed because it isn't relying on the same real estate selling techniques that have dominated the area for decades. Cornerstone is willing to adapt and try new things.
Agents continue to join Cornerstone because of its online presence, marketing advantage, lead management program, broker support, and weekly training. Cornerstone Agents understand the current market and are continually learning new tools and marketing strategies that work in the modern era. Cornerstone Real Estate Agents have positive outlooks, and know how to work smarter.
Sellers choose Cornerstone as their homes get more online exposure and are marketed 24/7. More than 84% of home buyers begin their home search efforts online. 68% of Cornerstone online buyer inquiries occur after normal business hours. Sellers who list with Cornerstone get competent agents who understand real estate and know how to communicate. Cornerstone Listings sell in an average of 47 days. This is 36% faster than the average Cache County listing that sells in 73 days.
Buyers choose Cornerstone Real Estate because they offer online resources to find Homes for Sale and understand the real estate process. This gives buyers more power, and helps them get the best deal possible when working with a competent Realtor. Buyers who use Cornerstone Real Estate agents get dedicated agents who know the market, the real estate transaction process, and know how to provide immediate responses with modern technology.
Cornerstone Real Estate is different. They use technology to market and communicate in the digital age. This difference brings results.
That is great. Good stats.
Robert Brown, Logan Utah Real Estate