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Phoenix Arizona Real Estate Blog presented by Jonathan Dalton, RE/MAX Desert Showcase

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Phoenix Arizona Real Estate Blog, presented by ...

Marketing Phoenix real estate

Jan. 3, 2007
If only this business were as easy at it looks on Million Dollar Listing. If you've ever watched the show, all the agents ever seem to have to do is throw open the front doors for an open house, have plenty of fancy snacks handy and wait for the offers to come rolling in. Needless to say, much as L.A. Law had little to do with the actual legal profession, these snippets from Bravo barely relate to the realities of marketing real estate.

Yesterday I promised my daughter I'd only work for an hour or so. That hour easily stretched to three hours. And I still have a website to complete for a peer, a newsletter to write and a dozen other minor tasks to complete. So what has taken so much time? Marketing, my friends. Marketing.

On Saturday I took a listing on 8552 W. Rue de Lamour in Peoria. Since that time I have entered the listing into MLS, ordered a virtual tour, added a listing to craigslist, ordered an e-mail flyer and added the property to my website and posted an entry about the home on Active Rain. That still leaves me to create the individual property page for the home, create a blog post here and send send Just Listed postcards. I left the flyers in the hands of my listing coordinator and am actively working to shift additional responsibilities in the future.

The cycle actually will repeat itself tomorrow when I enter another listing, this one a 3.3-acre horse property in Wittmann, into the MLS tomorrow morning. All of the above will be done once again. And again for the other 10 properties I currently have listed.

My goal is to be working with a Buyers Specialist by the end of this year, allowing me to focus on listings and relocation clients. There are some hurdles to overcome to get there, but once I'm there I'm confident the amount of work passing through at Dalton's Arizona Homes will be much higher than it is now.

In the interim, I did take two intelligent steps. First, I am using a listing coordinator to assist in getting my marketing rolling as soon as possible on these listings. When you offer a 45-day listing period on most homes, there is little time to lose.

And second, I am partnering with another agent in my office, Jaie Wiley, to handle rental and rent-to-own leads. These have been very consistent over the past two years and bringing in help is the best way of making sure all of them are handled expeditiously.

(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes

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Best of 2006 ...

Dec. 31, 2006
In keeping with today's theme on the RSS Reader, I present some of the best posts from this blog over the final six months of 2006 (the blog was up and running earlier in the year but I didn't really start writing seriously until July.)

This is post number 204 - I'll take it down to the best five:

1) Fun With Bubbleheads. A discussion on the so-called real estate bubble, which led to a firestorm on a pair of housing bubble blogs.

2) Do Buyers Care Who Pays their Agent? An argument in defending value with service and attracting a long-term repeat clientele versus offering rebates to attract one-time business.

   2a) A related post on my Active Rain blog about Pandora and the buyers' commission.

3) Procuring Cause and You. A quick primer on procuring cause and how it applied to one erstwhile home buyer.

4) Again from Active Rain - Bigfoot, the Open MLS and Other Myths.

5) Zillow Listings - the first taste is free.

Honorable mention: the not-consistent enough series on absorption rates here in the Valley. I've tracked it consistently but missed a few weeks of posting when other items (such as actual real estate) got in the way.

What was your favorite? There's no mechanism for a write-in vote, but feel free to post your favorite in the comments below. I'll be adding a list of favorite posts on the right-side of the blog within the next week and all feedback is appreciated.

Have a safe New Year's ... we'll see you before kickoff tomorrow morning.

Favorite Blog Post of 2006
Select an option:
No Real Estate Bubble
Do Buyers Care Who Pays?
Pandora and the Buyers' Commission
Procuring Cause and You
Bigfoot and the Open MLS
Zillow Listings - the 1st Taste is Free
Results

(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes

Your Vote - 2007 Phoenix Market Trend

Dec. 28, 2006
My apologies to the e-mail readers for receiving more than one e-mail today but I have the poll working and want to give you a chance to have your opinion heard. We'll try these polls from time to time ... if it proves successful, I may use it to help me with my football picks this week in my wife's football pool.

Where will the Phoenix Market Go in 2007?
Select an option:
Up 5+ percent Up <5 percent Flat Down <5 percent Down 5+ percent
Results


(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes

Fortune Predicts Chilly 2007

Dec. 28, 2006
Fortune magazine has predicted a nearly 4% decline in real estate prices for the Phoenix metro area, ranking the Valley of the Sun near the bottom of the country's 100 largest real estate markets. There's no further explanation but I presume the logic behind the prediction is the continuing withdrawal of investors from the local market, combined with pressure from builders looking to offload their inventory.

We'll be running a reader's poll later today ... currently the poll software doesn't want to recognize any e-mail address as valid.

(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes

Phoenix Real Estate Stats through 12/26

Dec. 27, 2006
The supply of homes continued to fall over the past week, with sales for the past 30 days holding roughly steady if not slightly higher. I'm expecting to see the supply trend change within the first two weeks of the new year as owners prepare to put their homes on the market, either for the first time or after pulling them off the market for the holidays.

Phoenix Arizona Real Estate market stats through 12/26/06
CITY SOLD 11/26-12/26 ACTIVE 12/26 Absorption Rate
as of 12/26/06
Change Buyer/Seller
Ahwatukee 19 83 4.37 months -0.28 Seller
Anthem 38 567 14.92 -1.36 Buyer
Avondale 109 786 7.21 -0.04 Buyer
Buckeye 74 752 10.16 -1.89 Buyer
Carefree 3 94 31.33  -16.17 Buyer
Cave Creek 38 471 12.39  0.86 Buyer
Chandler 330 1,834 5.56 -0.48 Buyer/Neutral
Desert Hills 14 177 12.64  -1.20
Buyer
El Mirage 54 348 6.44 -0.20 Buyer
Fountain Hills 38 377 9.92 -0.43
Buyer
Gilbert 312 1,998 6.40 -0.37 Buyer
Glendale 251 1,773 7.06 -0.10 Buyer
Goodyear 110 948 8.62 -1.81 Buyer
Laveen 59 377 6.39 -0.29 Buyer
Litchfield Park 34 376 11.06 -1.61 Buyer
Maricopa 67 748 11.16 -1.84 Buyer
Mesa 432 2,689 6.22 -0.22 Buyer
Paradise Valley 24 255 10.63  -1.71 Buyer
Peoria 181 1,565 8.65 -0.23 Buyer
Phoenix 1,162 6,547 5.63 0.03 Buyer
Queen Creek 150 1,610 10.73 0.32 Buyer
Scottsdale 311 2,834 9.11 -0.49 Buyer
Sun City 74 595 8.04 -0.15 Buyer
Sun City West 46 509 11.07 -0.29 Buyer
Surprise 195 1,967 10.09 -0.04 Buyer
Tempe 97 375 3.87 -0.32 Seller
Tolleson 29 271 9.34 -0.69 Buyer
Waddell 14 100 7.14 0.77 Buyer
TOTAL 4,179 30,193 7.22 -0.26 Buyer


(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes

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