Comments for Randy Fischer Real Estate Blog http://blog.randyfischerrealestate.com Just another Myswiftblog Blogs weblog Mon, 23 Jan 2012 19:03:59 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Closed Sales Activity for Alexandria, MN area: Part Three by Randy Fischer http://blog.randyfischerrealestate.com/2012/01/18/closed-sales-activity-for-alexandria-mn-area-part-three/comment-page-1/#comment-102 Randy Fischer Mon, 23 Jan 2012 19:03:59 +0000 http://blog.randyfischerrealestate.com/?p=2378#comment-102 Your assessments are most accurate. This market is still overloaded with inventory. Realistically, a broker should only take a listing that will sell in 180 days or less. Trying to accomplish the feat of listing a property right for the market has been an extreme challenge. If you lack experience or an element of mental toughness, this market may not have been very nice to you. In conclusion, prices appear to be bottoming out. Demand has been static for the last three years with a 30%+ drop from its high; I don't see that declining any further. Backlog in foreclosures, have about 2 years left of that debacle, that will continue to devalue property and keep prices down. Inventory coninues to be excessive for this market, too many overpriced properties. If inventory would subside, we would have a better market. Lots of price reductions...motivated sellers trying to find the market. This decline, in looking back, actually started in 2005, it has been a long slide. The market will work it's way through this. Much like it did from the 1982 recession. It takes time, but when the market does turn, it will get positive, real fast. I don't know if you read the last story of every year that I wrote? It summarizes my thoughts for the year. Thanks for blogging. Your assessments are most accurate. This market is still overloaded with inventory. Realistically, a broker should only take a listing that will sell in 180 days or less. Trying to accomplish the feat of listing a property right for the market has been an extreme challenge. If you lack experience or an element of mental toughness, this market may not have been very nice to you.

In conclusion, prices appear to be bottoming out. Demand has been static for the last three years with a 30%+ drop from its high; I don’t see that declining any further. Backlog in foreclosures, have about 2 years left of that debacle, that will continue to devalue property and keep prices down. Inventory coninues to be excessive for this market, too many overpriced properties. If inventory would subside, we would have a better market. Lots of price reductions…motivated sellers trying to find the market.

This decline, in looking back, actually started in 2005, it has been a long slide. The market will work it’s way through this. Much like it did from the 1982 recession. It takes time, but when the market does turn, it will get positive, real fast.

I don’t know if you read the last story of every year that I wrote? It summarizes my thoughts for the year.
Thanks for blogging.

]]> Comment on Closed Sales Activity for Alexandria, MN area: Part Three by Kent http://blog.randyfischerrealestate.com/2012/01/18/closed-sales-activity-for-alexandria-mn-area-part-three/comment-page-1/#comment-101 Kent Mon, 23 Jan 2012 17:10:33 +0000 http://blog.randyfischerrealestate.com/?p=2378#comment-101 Curious - what conclusions do you draw from all of this data? It seems obvious that sellers should expect to have to either price their properties appropriately or expect to have them on the market for longer than in previous years. My interpretation would be that prices have come down a bit, but not far enough. It would be my estimate that the Alexandra market hasn't corrected enough for a high volume of sales to occur. I'm not expert, though, which is why I'm curious about what you're reactions to the data are. Thanks! KW Curious – what conclusions do you draw from all of this data? It seems obvious that sellers should expect to have to either price their properties appropriately or expect to have them on the market for longer than in previous years.

My interpretation would be that prices have come down a bit, but not far enough. It would be my estimate that the Alexandra market hasn’t corrected enough for a high volume of sales to occur.

I’m not expert, though, which is why I’m curious about what you’re reactions to the data are.

Thanks!

KW

]]> Comment on MOVING FORWARD. My Final Comments from 2011 here in Alexandria, MN by Randy Fischer http://blog.randyfischerrealestate.com/2011/12/31/moving-forward-my-final-comments-from-2011-here-in-alexandria-mn/comment-page-1/#comment-100 Randy Fischer Wed, 11 Jan 2012 01:20:52 +0000 http://blog.randyfischerrealestate.com/?p=2316#comment-100 Mayor Ness, Thank you for your comments. I like this town...I have lived in a lot of places, I like this one best. Mayor Ness,
Thank you for your comments. I like this town…I have lived in a lot of places, I like this one best.

]]> Comment on Residential Sales for Alexandria, MN: Annual Report. 2011 by Randy Fischer http://blog.randyfischerrealestate.com/2012/01/06/residential-sales-for-alexandria-mn-annual-report-2011/comment-page-1/#comment-99 Randy Fischer Wed, 11 Jan 2012 01:14:58 +0000 http://blog.randyfischerrealestate.com/?p=2327#comment-99 The population is aging everywhere, not just in Alexandria. The boomers are entering Social Security status at a rapid rate, and they have money. Between the transfer of wealth from the WWII generation to the boomers, and their own personal wealth; you have a formidable age group. Attracting this age group to Alexandria with various lifestyle options will be beneficial to all the residents of Alexandria...and henceforth the value of real estate here. Demographics; all of real estate is based on demographics whether positive or negative. I see positive growth across all age groups, those that can work will find jobs to service those that cannot work. The Alexandria area will grow and become a Regional Center, from Fargo to St. Cloud; Alexandria is poised to be a great option for those not wanting to live in the more hectic lifestyle of the aforementioned communities. If the aging population is a problem, I believe that the Alexandria community will welcome that problem with some excellent positive solutions. It may even become a mecca for the AAARP crowd. The population is aging everywhere, not just in Alexandria. The boomers are entering Social Security status at a rapid rate, and they have money. Between the transfer of wealth from the WWII generation to the boomers, and their own personal wealth; you have a formidable age group. Attracting this age group to Alexandria with various lifestyle options will be beneficial to all the residents of Alexandria…and henceforth the value of real estate here. Demographics; all of real estate is based on demographics whether positive or negative. I see positive growth across all age groups, those that can work will find jobs to service those that cannot work.

The Alexandria area will grow and become a Regional Center, from Fargo to St. Cloud; Alexandria is poised to be a great option for those not wanting to live in the more hectic lifestyle of the aforementioned communities.

If the aging population is a problem, I believe that the Alexandria community will welcome that problem with some excellent positive solutions. It may even become a mecca for the AAARP crowd.

]]> Comment on Residential Sales for Alexandria, MN: Annual Report. 2011 by Karl http://blog.randyfischerrealestate.com/2012/01/06/residential-sales-for-alexandria-mn-annual-report-2011/comment-page-1/#comment-98 Karl Tue, 10 Jan 2012 20:52:23 +0000 http://blog.randyfischerrealestate.com/?p=2327#comment-98 Randy, kind of problems do you think the ageing population of Alexandria will have on our real estate market? Randy, kind of problems do you think the ageing population of Alexandria will have on our real estate market?

]]> Comment on MOVING FORWARD. My Final Comments from 2011 here in Alexandria, MN by H. Dan Ness http://blog.randyfischerrealestate.com/2011/12/31/moving-forward-my-final-comments-from-2011-here-in-alexandria-mn/comment-page-1/#comment-97 H. Dan Ness Mon, 02 Jan 2012 15:00:49 +0000 http://blog.randyfischerrealestate.com/?p=2316#comment-97 Randy, I really appreciate the upbeat, positive spin you put in your summary on your blog and radio commercials. We really do have alot going for us in Alexandria and the sourrounding area. Dan Randy,
I really appreciate the upbeat, positive spin you put in your summary on your blog and radio commercials. We really do have alot going for us in Alexandria and the sourrounding area.
Dan

]]> Comment on PEAK INVENTORY for Alexandria, MN real estate by Marge http://blog.randyfischerrealestate.com/2011/08/22/peak-inventory-for-alexandria-mn-real-estate/comment-page-1/#comment-70 Marge Fri, 25 Nov 2011 09:35:46 +0000 http://blog.randyfischerrealestate.com/?p=1622#comment-70 Absoleulty first rate and copper-bottomed, gentlemen! Absoleulty first rate and copper-bottomed, gentlemen!

]]> Comment on More Deer Hunting Success by Randy Fischer http://blog.randyfischerrealestate.com/2011/11/21/more-deer-hunting-success-2/comment-page-1/#comment-65 Randy Fischer Wed, 23 Nov 2011 21:42:02 +0000 http://blog.randyfischerrealestate.com/?p=2021#comment-65 Wyck, There is a little luck involved here too...but his patience is incredible. The kid can sit all day in a stand without moving. He shot those first two eight pointers at 2.30 in the afternoon. He had been on stand since 6.30am...never moved. His hunting skills will only improve as time goes, he's only 16. Last year he shot a real nice big 10-pointer. The year before, he never harvested any deer. He let everything go as he was only going to take a nice buck. I think that having that fortitude finally changes folks from just killing deer to seeing more and bigger bucks. Thanks for the comment. Randy Wyck,
There is a little luck involved here too…but his patience is incredible. The kid can sit all day in a stand without moving. He shot those first two eight pointers at 2.30 in the afternoon. He had been on stand since 6.30am…never moved. His hunting skills will only improve as time goes, he’s only 16. Last year he shot a real nice big 10-pointer. The year before, he never harvested any deer. He let everything go as he was only going to take a nice buck. I think that having that fortitude finally changes folks from just killing deer to seeing more and bigger bucks. Thanks for the comment.
Randy

]]> Comment on More Deer Hunting Success by Wyck Linder http://blog.randyfischerrealestate.com/2011/11/21/more-deer-hunting-success-2/comment-page-1/#comment-64 Wyck Linder Mon, 21 Nov 2011 18:01:08 +0000 http://blog.randyfischerrealestate.com/?p=2021#comment-64 Do you suppose Boone would be willing to give deer-hunting lessons! Wyck Linder Do you suppose Boone would be willing to give deer-hunting lessons!

Wyck Linder

]]> Comment on Lakehome Sales in Alexandria, MN by Pat Hurley http://blog.randyfischerrealestate.com/2011/11/03/lakehome-sales-in-alexandria-mn-3/comment-page-1/#comment-62 Pat Hurley Fri, 04 Nov 2011 02:02:47 +0000 http://blog.randyfischerrealestate.com/?p=1977#comment-62 Mr. Fischer You are by far the best!!! Your abilities are exceptional just like your statistics show. Your drive to assist and help the client is unmatched in the area. Keep up the good work. PEH Mr. Fischer

You are by far the best!!! Your abilities are exceptional just like your statistics show. Your drive to assist and help the client is unmatched in the area. Keep up the good work.

PEH

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