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Welcome to the Collins Group Realty August 2012 Market Update

September 20, 2012

Happy Early-Fall!

For the first time in many months, the temperature dipped into the upper 60’s this morning as I headed out for my 0600 swim under the stars.  Fall on HHI is truly one of the most special times to enjoy all the natural amenities of this amazing location!

Okay…on to real estate!  And, if you are a bottom line person, then all you need to know is we are seeing MORE OF THE SAME POSITIVE TRENDS!   Here’s a summary of the trends in one sentence:  Compared to this time last year, there are over 40% more sales, 16% more closings, and 11% fewer new listings coming on the market, resulting in a 20% decline in overall inventory, a 32% decline in months-supply of homes on the market, and a 7% drop in the time required for a property to sell.  These are all exactly the trends we like seeing in the market…however, these figures are not yet quite strong enough to absolutely stabilize prices (let alone return us to the ‘good times’ of appreciation).  It’s just a matter of time at this point…and we are watching VERY carefully.

If I still have your attention, I wanted to share a quick blurb about CGR:  Being #3 in our market is more fun than you’d think! We’ve improved our market share 55%, going from 2.8% last year to 4.3% this year. Meanwhile the #1 guys dropped from 5.7% to 5.4%, and the #2 guys dropped from 5.5% to 4.6%. Besides, we always put the client first, making them the real #1 – not us!

Have a great balance of September…and please just note how much we truly appreciate your business and support!

Best-

Chip

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