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Monday, May 23, 2011

Real Estate Joke - Manny Pacquiao

Who doesn't love Pacquiao?  I am stopped by several Americans including Mexicans who ask me if I know Manny Pacquiao.  In the Philippines, he is an icon, a hero.  He is very fond of so many people because of his humility and his regiousness.  I think that we should all learn from him.

I recently travelled to the Philippines for family reasons.  During my stay, the Pacquiao vs Mosley fight occurred.  On that Sunday, it seemed as if it was a holiday.  The traffic in the city was light, so was the mall traffic.  It seemed as if the entire country was watching the fight that day.  Anyway, this joke came upon me.  Manny or Jinky (his beautiful wife), if you happen to come across this joke, I just want to say, keep it up!  The Filipinos love you!  And if you happen to want to purchase property in Austin, TX (how about investment property), would you please give me a call so I can help you?

Double click on the photo to enlarge.

April 2011 Real Estate statistics

I am sorry that these statistics are a bit late.  In Austin, TX, residential sales (units) dropped 20% in April 2011 compared to last April. In Lake Travis ISD, sales have dropped 9% in April 2011 compared to last April.

Here's some interesting statistics.  Our new inventory for April is down 23% compared to last April.  You should know that it is the time sellers put their homes in the market, spring time.  But why is inventory down? Well, for one thing, we have been educating sellers, the reality of the market and if the sellers don't have to sell, then it is a good idea not to put it in the market.  These sellers may want more money than their home is worth and since we will not list them at the price higher than what the market dictates, then the sellers will realize it is not worth the hassle to put at an overpriced price.

I also would like to point out that distressed properties (REO's, HUD's, and short sales) only comprise 2% of our market.  That is great news for Austin, TX.  Many agents from all over the country have been surprised by these news.  This also is the reason why our market is so strong because we are not flooded by distressed properties.  I hope this tells you that now is still a good time to buy!  Want to get started? Give me a call today at (512)786-7355.

Double click on the attached graph to enlarge.

NOTE: The information above has been obtained from the Austin Board of Realtors and has not been confirmed by Keller Williams Realty nor Pearl Jones.