ACCENT THE POSITIVE - ELIMINATE THE NEGATIVE - DON'T MESS WITH MR. IN-BETWEEN

Do you remember that song? It's an old one, but one that comes to mind sometimes when we see the statistics that emanate from our real estate market. We love to report positive figures, but we really can't completely "eliminate" the negative and in-between factors. So - here's the scoop as we interpret the latest stats.

ACCENTING THE POSITIVE:
According to data pulled on November 10, 2011, MLS shows that from October 2010 to October 2011, our area inventory of residential listings for sale is down 20-30% in Bozeman and Belgrade. We seem to be selling through the excess number of properties that we had for sale in 2007 - 2008. Bozeman's inventory of properties for sale is now…

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I recently returned from the National Association of Realtors® (NAR) conference in Anaheim. One of my favorite sessions every year is the Economic Outlook report presented by Lawrence Yun, Chief Economist of NAR.  I love his no-nonsense and refreshing look at the facts, which always gives me hope for the coming year.

Reading national statistics, watching trend lines, and listening to U.S. average and median sales prices, as well as sales and inventory levels, may be as helpful as saying, “The average annual daytime temperature in the United States is 76 degrees” when what you really want to know is “how cold will it be at Bridger Bowl on New Year’s Day?”. I thought I would give you a bit of both views for the last article of 2011.

Trying to understand…

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ERA Landmark's listing at 1 North Willow Creek Road in Pony, Montana is featured in The New York Times' segment "What you get for...$800,000"

Read the full article: http://www.nytimes.com/2011/12/08/greathomesanddestinations/real-estate-for-800000.html 

Learn more about this property: http://www.eralandmark.com/listings/view/170308 

 
For more information on this historic property, contact Sally Hickey at (406) 556-5026 or email Sally@ERALandmark.com 

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Real estate professionals working in the upper-tier home market across the U.S. and Canada gathered at Leaders in Luxury (LIL), a networking symposium hosted by The Institute for Luxury Home Marketing. Denise Andres, Sales Associate at ERA Landmark Real Estate, was a featured speaker at the exclusive invitation-only event held November 15-17 in Orange County, Calif.

Andres spoke to top luxury agents about cutting-edge marketing strategies. “Given the current luxury real estate market, I have to be proactive to stay on top of market trends and conditions,” said Andres. “By networking with the best in the business, sharing ideas, and learning about the latest tools and resources, I can help my clients find success where others are finding challenges.”

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