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07 Jul

How’s The Sacramento Real Estate Market Doing, Part 452

Posted July 7th, 2007 | View Comments

I tend to go overboard on statistics some times.  This is partly because it’s nice to be able to tell buyers and sellers that there are just over ten months of inventory in Sacramento County, or other quotable quotes.  It’s also partly just rhetorical laziness.  Ask any real estate writer and they’ll tell you that one of the easier articles to write is the market statistics article.  All you need is access to the MLS, an Excel spreadsheet, and half a brain.  (Anyone who knows me can vouch for the fact that I have half a brain).

My half a brain and I don’t always reflect on the numbers much, though.

One of the sadder things I’ve read in recent memory was a colleague of mine on real estate forum exhorting us all to say the market is “Great” whenever anyone asks us.  Clearly someone with that much forced optimism is feeling pretty beat up.  As for me, when people ask, I tell them it’s not as active as it was three years ago, but I’m still doing well.

Since I had enough wherewithal in this business to have a goal, my goal has been to reach more Sacramento area buyers via the Internet than any other agent, team, or company.  Because that’s worked out well for me, I still have more business than I can do personally, so I suppose that’s doing well.  If you have to share your business with others, that’s a good thing.  Does that mean there are still as many homes selling this year as there were in 2004?  No, of course not — the numbers are clearly off.  I guess for me the important thing is to be successful enough in reality that I don’t have to create a perception of success.  I just do my job, work with the transactions in front of me, and try to create more for me and for my people.

The same feeling that I am responsible for the results is actually making us pretty successful lately on the listing side of things as well.  We’re beginning to not just have a story to tell about Elite’s Ultimate Online Listing — I’m starting to see buyer prospects come through from these marketing efforts, including a lot of prospects for one home that one of my agent now has an offer on.  So if you’re a seller and you want to work with someone with real success instead of just the perception of success, give us a call.  The market’s not gr-r-r-reat (as Tony the Tiger would say), but it’s OK, and we don’t believe in taking it lying down.

  • http://www.sacramentohomeshopper.com/purva/ Purva Brown

    John, how about the market’s not “great,” but we’re doing “great?” We have so many buyers we don’t know what to do with them?

  • http://www.sacramento-home.com/real-estate-agents/ John Lockwood

    You’re right, but shhh… I’m trying to keep the real “enthusiasts” isolated on PurvaBrown.com. :)

  • sarcher

    Actually I’d heard that when someone asks you ‘How’s the market?’ you reply. UNBELIEVABLE! Which it is….right now it’s a buyer’s market, at some time in the future it will be a seller’s market again. But it never stays the same. And it’s always unbelievable…

    And with any market, if you are a good realtor, it will always be a GREAT market for us…as long as you are doing the right job for your clients. Because there is always opportunity to either buy or sell.

    Sorry, I know this is your blog but I needed to chip in… :)

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