Ah, real estate predictions. See, the thing that is different for me about ending 2009 and preparing for 2010 is I've never in my 30-plus years in real estate started off a new year with so much business already in the works. Generally, the year ends a bit quietly and then explodes about the 5th or 6th of January. It's been that way for the past 7 or 8 years for me. However, in 2010, I will hit the ground already running.
Every year I put together my real estate predictions for the upcoming year, before the existing year ends. My 2010 real estate predictions are based on trends, facts, market movement, personal experiences and a bit of instinct.
I also realize that not every real estate market in the country mirrors that of Sacramento, and my focus is often more centered on the core area of Sacramento such as homes in Land Park, Midtown, East Sacramento, which gives me a somewhat narrow, very local view. But as a Sacramento short sale agent, I also sell short sales from Lincoln to Elk Grove, and that activity broadens my horizon.
This year has been phenomenal. I've closed more than $11 million in sales. In a down real estate market. Yet, I have still managed to find time to work on my About.com homebuying site, post a blog every day, give interviews to media, write a book and take a vacation to Viet Nam. I blame it on my Type A personality, passion for real estate and my saint of a husband. I'd like to add the luck of the Irish, but I'm not Irish.
I predict that the year of 2010 will be even stronger for me, personally. For example, come Monday, January 4, 2010, I will have at least 28 listings in inventory. Of those, 22 are already in contract. The remaining six listings break down as follows: One is likely to go into contract today. Another is going into MLS as a new listing on January 4. A third will be withdrawn and rented. That leaves me with 3 listings to sell. Very manageable.
But 28 listings on the first of a new year is a lot of inventory as compared to the number of listings that many Sacramento agents handle on their own as a single agent. Thank goodness I have systems in place and am organized. My goal is for clients to feel as though they are my only client by providing superior service to each.
However, all of this activity does not take into account the number of buyers, especially buyers for homes in Land Park and East Sacramento, whom I will represent. See, I like to think of myself as a listing agent but that belief is somewhat delusional because every year my production ends up the same. I represent about 50% buyers and 50% sellers. This could very well mean that I'll be writing a boatload of purchase offers next year. Paraphrasing Bette Davis, agents better fasten their seat belts because 2010 is going to be a wild ride.
Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.