Archive for February 2023
March Is Right Around The Corner And Every Would Be Home Buyer Hopes It Means Lots Of New Listings Are Coming Soon! |
|
Where are all of those houses for sale? Yes, I know, I know, they're already under contract. Plenty of homes are selling these days -- but because they go under contract so quickly -- there are rarely many on the market at any given time. But, March is coming! The spring market is often the busiest time of year for new listings, and we may start to see that surge of new listings coming at some point in March. And if not, April. While I'm thinking we will definitely see fewer resale homes hitting the market this year, we will likely start to see more of them coming on the market as we move through March and into April. So, if you're a hopeful home buyer, excited for whatever new listings might be coming on the market in March... or April... 1. Make sure you have an up to date lender letter. 2. Start tracking new listings to be amongst the first to know of new opportunities. 3. Get ready to jump on a new listing quickly -- seeing it quickly -- and then quickly deciding whether to make an offer. March is coming. Spring is coming. Hopefully, many more new listings are coming. | |
This (Late February, Early March) Can Be A Magical Time To List Your Home For Sale |
|
The first day of spring is March 20th. The spring real estate market is often seen as kicking off in mid to late March, or certainly by the first part of April. So, what about this timeframe we're in right now -- late February and early March? Is this a decent time to list one's home for sale? It can actually be quite a magical time to list your home for sale... 1. You will have very little competition from other sellers, as many sellers will choose to wait another month or more to list their home for sale. 2. You will potentially have pent up demand from lots of home buyers that have not found anything to buy over the past few months when there have been very few new listings from which to choose. Homes that hit the market in this pre-spring timeframe often get lots of attention and sell with very favorable terms. So, while your flowers may not have started blooming yet, and your grass might not be as green as it will be in another month, there can be some specific and magical benefits to getting your house on the market sooner rather than later! | |
In A Multiple Offer Scenario, Consider Making The Strongest Offer You Are Comfortable Making |
|
It seems we might still be finding ourselves in plenty of multiple offer scenarios this coming spring in the Harrisonburg and Rockingham County real estate market. And sometimes... a buyer discovers that the house they have just walked into is one that works very, very well, for their needs. What sort of an offer should that interest translate into? I recommend that buyers make the strongest offer that they are comfortable making. PRICE - If the house we just viewed is listed for $400K, and we believe it is worth $400K, perhaps we offer $400K. Or, perhaps we include an escalation clause to demonstrate a willingness to pay as much as $410K, or $425K, given that this property fits your needs (and wants) very, very well, like no other house has to date. INSPECTION - If you are comfortable making an offer without a home inspection, based on your level of risk tolerance, and the condition and age of the property, and your available resources for making improvements, then perhaps we make an offer without an inspection contingency. Or, perhaps you are not comfortable making an offer without an inspection contingency. RADON - If you are comfortable testing for radon after you purchase the home, and installing a radon mitigation system at that time if needed, then perhaps we make an offer without a radon test contingency. APPRAISAL - If, based on the size of your downpayment, a slightly low appraised value would not affect your financing, and if you are comfortable paying the offering price regardless of what value the appraiser determines through their appraisal process, then perhaps we make an offer without a specific appraisal contingency. As you can see here, if we are going to be competing with other buyers and offers, we need to make a strong offer, but only as strong as you are comfortable making given your financial picture, the particular property, how well the property suits you, your tolerance for risk, etc. | |
Real Estate Has Seemed Like An Abnormally Liquid Asset Over The Past Few Years |
|
What is a liquid asset? Per Investopedia... "A liquid asset is an asset that can easily be converted into cash in a short amount of time." ...and further... "Liquid assets are often viewed as cash, and likewise may be called cash equivalents because the owner is confident the assets can easily be exchanged for cash at any time." ...and finally... "Generally, several factors must exist for a liquid asset to be considered liquid. It must be in an established, liquid market with a large number of readily available buyers. Ownership transfer must also be secure and easily facilitated." Real estate is generally understood to NOT be a liquid asset... as it can take time to sell real estate, the value for which a property will sell is not always certain, selling quickly to convert real estate to cash might result in a lower sales price, etc. But... over the past few years real estate has certainly SEEMED like a liquid asset for many property sellers. You want to sell your house? No problem. What to sell it quickly? We can make that happen. For an amazingly high price? Yep, that will happen too. So, while real estate was not (over the past few years) and is not (now) a liquid asset, it certainly seemed like it was to many property owners. Will this dynamic continue on into 2023 and 2024?
So, real estate -- which is definitely NOT a liquid asset -- might start to feel slightly less liquid over the next year or two based on the trends noted above. Or, maybe not. Maybe just about every home will continue to sell, without question, very quickly, at a very favorable price. The key takeaway here, as a buyer (or homeowner) is to remember that real estate is NOT a liquid asset. Don't buy a house today, paying any price, waiving all contingencies, if you might want to sell it again in 3, 6, 9 or 12 months. There are significant transactional costs of selling (and buying) a home and it is not a liquid asset - so it cannot always be quickly converted back into cash in your pocket. | |
Yes, More Houses Will Come On The Market For Sale In The Spring. Yes, More Buyers Will Be Competing For Them. |
|
It's a common question at this time of year... Will more houses come on the market in the spring? There don't seem to be many options at all right now. Great news... There will be more homes coming on the market in the spring. The spring season is one of the most active times of the year for new listings of homes for sale to be coming on the market. But... Bad news... There will also likely be more buyers competing for each of those new listings, as the number of buyers shopping for homes also typically increases significantly in the spring. So... Yes, more houses will come on the market for sale in the spring AND yes, more buyers will be competing for them. :-) :-( I suppose though, that as a buyer, it's still nice to have more listings from which to choose from, even if you have more competition as well? Even with higher mortgage interest rates (relative to the past few years) and even with prices edging higher and higher -- it still seems that the coming spring season will be quite an active one in the Harrisonburg and Rockingham County real estate market. | |
Should Home Sellers Expect Offers With Home Sale Contingencies? |
|
You're getting ready to list your home for sale. You aren't desperate to sell, and you don't need a lightning fast sale... but you want things to move along at a steady pace. Should you expect to receive offers with a home sale contingency? It's not thrilling to think about a home sale contingency as a home seller... you'd just be trading in needing to sell your home... for needing someone else to sell their home. Is it reasonable to hope to or plan to only consider offers without a home sale contingency? Good news, home sellers (and bad news contingent home buyers) as current local housing market conditions still favor home sellers. As such, most home sellers are not finding it necessary to consider offers with home sale contingencies. Typically, if a home seller were to accept a contract with a home sale contingency, they would do by also adding a "kickout clause" that would allow them to continue to market their property to other buyers and to kick out the primary (home sale contingent) buyer if a new (not home sale contingent) buyer makes an offer. As such, one way to evaluate whether home sellers are readily accepting contingent contracts is to evaluate how many listings fall into each of the following two categories in the HRAR MLS. Pending - this means the property is under contract, in almost all cases without a home sale contingency, and certainly, without a kickout clause as per the status below. Active with Kickout - this typically means the property is under contract, but has a kickout clause, likely because the buyer still needs to sell their home in order to buy the listing. Here's how things currently shake out as of 2/19/2023... Pending = 231 properties Active with Kickout = 2 properties So, indeed, most home sellers do not seem to be finding it necessary to accept an offer with a home sale contingency. | |
Home Sales Still Slowing, Home Prices Still Rising, In Harrisonburg, Rockingham County |
|
Happy Friday morning, friends! We're about halfway through February, so it's time to take a moment to look back and see what we can learn about our local real estate market based on January's data. Thanks for joining me as I break things down so that we can all better understand the data and trends. I hope you have had a fun start to your year. Some fun on our end included a quick extended weekend trip to the beach for Shaena, Luke, Emily and I a few weeks ago. I was reminded anew of the value of disconnecting (at least partially) from work for a bit, and spending time with loved ones. Whether it is the beach, the mountains, a long walk on an unusually warm February day, or relaxing on your back porch, I hope you find some time to disconnect from the busyness of life and spend time with those who you love in the coming days or weeks. Before I get into the market data, I also want to encourage you to check out my featured listing of the month, a newly renovated in downtown Harrisonburg pictured above and located at 142 Broad Street. Find out all about it at 142BroadStreet.com. Finally, a fun giveaway, just for you... Each month I offer a giveaway, of sorts, for readers of this market report, highlighting some of my favorite places, things or events in Harrisonburg. Recent highlights have included a Steel Wheels concert, Grilled Cheese Mania, and Walkabout Outfitter. This month... I'm giving away a $50 gift card to one of my favorite local restaurants, A Bowl of Good. If you haven't checked out A Bowl of Good yourself, make plans to do so - they have a delicious menu of comfort foods and many items with an international flair. Click here to enter for a chance to win the $50 gift card! And now, let's move on along to the most recent data on our local real estate market... Looking first at the overall home sales data above, I'm noting a few things of interest... [1] Home sales are still slowing. We saw a 28% decline in home sales this January, with only 75 home sales as compared to 104 last January. When we stretch the window out a bit further to three months (November through January) we see an even larger, 35% decline in the number of homes selling in Harrisonburg and Rockingham County. [2] When we look at a full year of data (February through January) we see a smaller, 8%, decline in the number of homes selling in our market, though this may become a larger decline as we continue through the year. [3] Despite fewer homes selling, home prices keep on rising! The median sales price has risen 11% over the past year, and even if you narrow the focus down to the past three months (when home sales were slower) the median sales price was 10% higher than during the same three months one year prior. So, home sales are definitely slowing, but home prices are definitely still rising. Now let's start to slide into some graphs to further understand these most recent trends... The 75 home sales seen in January 2023 (the red "75" above) marked a significant decline from last year's 104 January home sales. If we look back a bit further, and average out the number of January home sales between 2019 and 2022 we find an average of 94 home sales in January... and we also fell short of that bar in January 2023. Where do we go from here? Interestingly, we usually see a decline in home sales between January and February... so will we see fewer than 75 home sales in February 2023? Or will we see a reversal of that trend and see more than 75 home sales this month? Stay tuned! Here's a visual reminder of how much things have changed over the past two years... A little less than two years ago, the median sales price in Harrisonburg and Rockingham County was only $250,000. Now, less than two years later, it has just surpassed $300,000! But yet, despite the steady increases in the price of homes in our area, we have seen significant ups and downs relative to how many homes are selling. As per the blue line above, we flew past 1,500 home sales a year about two years ago -- saw that annual pace of home sales climb all the way up to 1,727 home sales per year -- before declining even more rapidly to the current annual pace of 1,535 home sales per year. What does the rest of 2023 have in store for us? I'm predicting that we'll see continued (slower) increases in the median sales price -- and continued (slower) decreases in the number of homes selling in Harrisonburg and Rockingham County. One interesting dynamic to watch in 2023 seems to be the mix between new home sales and existing home sales... For each of the past four years we have seen an increase in the share of new home sales in Harrisonburg and Rockingham County. Back in 2018, only 11% of the homes that sold were new homes -- but last year (2022) that rose all the way up to 26% of home sales being new homes. With only one month of data thus far it is probably too early to draw any significant conclusions yet about 2023, but in January 33% of the homes that sold were new homes. To get some glimpse of what the next few months might look like for how many homes are selling, we can take a peek at contract activity... And... surprise! :-) Despite lower than expected home sales activity in January... we saw higher than expected contract activity! Over the past four years (2019-2022) we have seen an average of 106 contracts per month signed in January. Last January (2022) we saw 110 contracts signed. This January that monthly contract figure rose to 116, making it a busier January (for contract signing) than we might have otherwise expected. It's possible that declines in mortgage interest rates (referenced again later on) helped spur on some of that January contract activity. Another interesting trend to watch is the number of pending sales at any given time... A "pending sale" is a house that is under contract, waiting to get to closing to become a home sale. One year ago there were 271 pending sales in Harrisonburg and Rockingham County. Today there are only 234 pending sales -- which is lower than where we were last year -- but is higher than the average January pending sales figure over the past four years. So, to roughly extrapolate from the past two data sets, home sales in 2023 seem likely to be lower than in 2022, but higher than the average of the past few years. But to be clear, in order for homes to sell, they need to be for sale... Some folks might observe a decline in sales activity and assume that inventory levels are starting to climb -- with sellers wanting to sell but buyers not wanting to buy. That is not what we are currently observing in the Harrisonburg and Rockingham County real estate market. Fewer sales may very well be equally caused by fewer buyers buying AND fewer sellers selling. There are currently 109 homes on the market for sale (not under contract) which is slightly less than a year ago (115) and much (!) much less than the average over the past four years of 172 homes being listed for sale at this time of year. The big questions for just about every buyer is whether we will start to see meaningful increases in inventory levels as we move into the spring months. Buyers should be encouraged to know that we typically see lots of new listings hitting the market in March, April and May -- but if there are still lots of buyers waiting in the wings for those new listings we may not see inventory levels rise all that much. Lots of new listings plus lots of new contracts will still equate to rather low inventory levels. I mentioned earlier that a slightly higher than expected number of contracts in January might have been related to mortgage interest rates. Take a look at why I'm guessing that might have been the case... It has been a wild and crazy year with mortgage interest rates. Just a year ago, interest rates were below 4%, then climbed all the way up above 7% and have now decline back towards 6%. Those highest months of interest rates in September, October, November and December almost certainly contributed to the much slower (-35%) months of home sales in November, December and January. The decline over the past three months may have contributed to the increase in contract activity in January 2023. Where will mortgage interest rates be headed in 2023? Probably not above 7%. Probably not below 5%. Probably not anywhere for more than a few weeks in a row. Does that help? Probably not. ;-) Given all of the market data above, when I look ahead to the remainder of 2023, I believe the following will likely be true: [1] We will see fewer home sales than in 2022. [2] Home prices will likely be higher than in 2022. [3] Inventory levels will likely remain low most or all year. [4] The decline in the number of existing home sales will likely be larger than the decline in the total number of existing and new home sales. [5] Mortgage interest rates will likely close out the year lower than where they started the year. As you look ahead to 2023... do you hope to buy a home... or do you plan to sell your current home? If you are thinking about heading down either path, let's find a time to connect soon to talk about your hopes and plans and dreams and how they will be best accomplished amidst the market trends outlined above. Feel free to reach out to start that conversation by emailing me or texting or calling me at 540-578-0102. If you don't plan to buy or sell a home this year, but want to learn more about our local housing market... [1] You can review even more charts and graphs with further analysis of our local housing market here. [2] I publish a variety of articles about the market, new housing developments, and more over on my blog several times a week here. And that's a wrap, folks! I hope you have a wonderful Friday and weekend ahead. Please be in touch if I can be of any help to you -- with real estate or otherwise! | |
Sometimes Housing Inventory Levels Are Not A Good Indication Of Housing Availability |
|
Reflect with me for a moment on the definition of a paradox... paradox - a seemingly absurd or self-contradictory statement or proposition that when investigated or explained may prove to be well founded or true. Here's the paradox of the day... Sometimes Housing Inventory Levels Are Not A Good Indication Of Housing Availability Let's think it through together... Let's say you want to live in the infamous (and completely fictitious) "Riverside" neighborhood in Rockingham County. If you wanted to get a sense of whether it is possible to find housing in the Riverside neighborhood which method would you use? Method #1 for understanding housing availability... Look at how many homes are for sale in Riverside right at this very moment. There are currently zero homes for sale in Riverside, thus it is seemingly *impossible* to buy a home in Riverside, right? Method #2 for understanding housing availability... Look at how many homes have sold in Riverside during a particular timeframe, such as the past year. Oh, wait. There have been 15 home sales in Riverside over the past year. Thus, you likely will be able to buy a home in Riverside if you can wait for some new listings beyond what happens to be on the market at this very moment in time. As can be seen above, housing inventory levels were not a good indicator of housing availability in Riverside. -- Shifting gears a bit, let's consider whether housing inventory levels are a good indicator of housing availability in a real place, the City of Harrisonburg, but only examining homes priced under $300,000. Method #1 for understanding housing availability... Houses Currently For Sale in the City of Harrisonburg Under $300K = 5 houses Hmmm. Method #1 would lead us to believe that houses are not generally available in the City of Harrisonburg for less than $300,000. Method #2 for understanding housing availability... Houses Sold In The Past Year in the City of Harrisonburg Under $300K = 275 houses Wait a minute. There were 275 home sales under $300K in the City of Harrisonburg over the past year? That seems to point to a rather different conclusion about housing availability. -- And one more real example... Houses in Harrisonburg and Rockingham County combined priced under $200K: Currently Available Homes = 5 Sold Over The Past Year = 211 -- So... again... Sometimes Housing Inventory Levels Are Not A Good Indication Of Housing Availability Now, this does, of course, create the possibility that a would-be home buyer will simultaneously feel... 2. Encouraged... to know that there may very well be 270 more options in over the coming year. -- And one last point... If LOTS of homes sell each year in a particular location and/or price range but VERY FEW are available at any particular moment in time then two things would seem to be true... 1. Houses are generally available for purchase in this location and price range. 2. Demand for said houses likely exceeds supply, and if more such homes existed that could help bring more balance to that segment of the market. -- OK, fine, one more last point... If you are looking to buy a home in the coming year, yes, let's look at what's available now... but much more importantly, let's look at what has sold in the past year. The number of homes that have sold in the past year will likely be the best indicator of what to expect in the year to come. | |
21 Unit Affordable Housing Community Coming Soon In The City Of Harrisonburg |
|
21 new attached homes (duplexes, triplexes) will soon be built on Suter Street in the City of Harrisonburg to include... As to who will build the homes... (11) homes to be built in partnership with Central Valley Habitat for Humanity (10) homes to be built by a private developer As to the structure of the homes... (3) homes will be within a single triplex building (18) homes will be within nine duplex buildings As to whether these homes will be sold or rented... (11) homes built in partnership with Habitat for Humanity will be sold (6) homes built by the private developer will be sold (4) homes will be rentals Here's the general layout, from above... Read more details about this development and the developers via the Daily News Record... ...and also on the Central Valley Habitat for Humanity website. | |
27 Single Family Homes Proposed On Garbers Church Road |
|
view a larger image here The Harrisonburg Planning Commission reviewed a new proposal for a residential development on Garbers Church Road, just north of its intersection with Rhianon Lane. The property is currently zoned R-1 and the developer is proposing an R-8 zoning classification to allow more homes to be built on the property. The proposed R-8 zoning classification would allow 27 single family homes to be built on this 3.778 acre parcel. The developer indicates that these would be small homes, likely two story in height due to the smaller lot sizes. Three members of the Planning Commission recommended approval and three were opposed. The Harrisonburg City Council will review this proposal and potentially make a decision about it during their March 14th meeting. Download an information packet about this proposed development here. | |
Now Could Be An Ideal Time To Sell A Residential Rental Property! |
|
If you own a rental property in the City of Harrisonburg or in Rockingham County, perhaps a townhouse or duplex or small single-family home, this could be an ideal time to sell the property. If you would like to explore the possibility of selling a property that you have been renting out for the past few years, let’s talk about timing and logistics. You will likely be selling the property at a very favorable price with very favorable contract terms and as an added bonus you will be helping out what seems to be a continued backlog of owner occupied buyers who are still trying to buy a home and settle down in the Harrisonburg area. | |
Are Home Prices Cooling? Move Beyond The Headlines To Be Sure! |
|
Many news outlets (typically national news outlets, not local news outlets) are running stories with headlines referencing cooling home prices. Are home prices cooling? Here's a funny one, once you read it... US home prices continue to cool off, reflecting weak housing market Reading that headline, you'd think home prices are dropping, right? Well, here's what the start of the article actually goes on to say... "Single-family home price appreciation eased to a 6.9% pace in December, the lowest rate recorded since the late summer of 2020." Oh... so it's not that home prices dropped... it's that they *only* increased by 6.9%... and that's a smaller increase in home prices than previous increases. ;-) So... before you read a few headlines about cooling home prices and conclude that home prices are falling... click through to read the story. In this area, home prices continue to rise. In many other markets, the same is true, though headlines might not always make that clear. | |
Inventory Levels Largely Unchanged From Two Years Ago |
|
How have inventory levels changed over the past two years in Harrisonburg and Rockingham County? Some might assume there have been fewer (and fewer and fewer) homes on the market as we have progressed through the past 24 months. As it turns out, inventory levels are largely unchanged over the past two years.
Certainly, there have been some changes in between...
But in the end, current inventory levels are in just about the same spot they were two years ago. | |
This Is Completely Anecdotal, But Showing Activity Seems To Be Trending Upwards Again |
|
Clearly, showing activity (the number of showings on any listing) will vary from property to property, based on... - price range - property type - location - how competitively it is priced ...but, based on several of my recent listings, combined with conversations I have had with other local agents about their recent listings... ...it seems that showing activity is trending upward again. The number of buyers in the market to buy seemed to have trended downwards during November, December and January, but things now seem to be starting to speeding back up again. It's important to note that... [1] November, December and January are usually some of the slower (or slowest) months of the year, so it shouldn't be totally surprising that buyer activity might start increasing again as we move into and through February. [2] Mortgage interest rates climbed above 7% in November and then took there time during December and January drifting back down towards 6%. The average rate (for a 30 year fixed rate mortgage) is currently hovering around 6.1%. It shouldn't be totally surprising that buyer activity might start increasing again as rates settle in at or near (or just under!?) 6% -- if that is where they are over the next few months. [3] This is totally, totally, anecdotal. Over the next month or two (or three) we'll see what the actual data shows us as to the pace of buying activity. Until then.. just know that we're starting to see a few more buyers in the market, more showings on new listings, etc... after a few months of slightly slower buyer activity. | |
What Is An Affordable Home Purchase For A First Year Teacher? |
|
Q: What Is An Affordable Home Purchase For A First Year Teacher? A: Technically, $161K, but maybe more? Let's look at the numbers... It seems a first year teacher in the City of Harrisonburg would expect to be paid around $50,000 annually per this salary scale. A commonly accepted guideline for housing affordability is a housing cost, including utilities, that does not exceed 30% of a household's gross income. If we estimate utilities at around $125 per month, to include $40 for water/sewer and $85 for electricity, we would then conclude that this first year teacher could spend up to $1,125 per month on their mortgage payment. $50,000 x 30% = $15,000 for mortgage + utilities (per year) $15,000 / 12 = $1,250 for mortgage + utilities (per month) $1,250 - $125 utilities = $1,125 for mortgage How, then, does that translate into a potential purchase price of a home for this first year teacher? We'll assume a small-ish (5%) down payment for this first year teacher, and thus 95% financing, and a slightly above market rate of 6.5% for a 30 year fixed rage mortgage. To determine a housing budget for this first year teacher, let's look at a few mortgage payments (including principal, interest, taxes and insurance) given 95% financing at 6.5% and City taxes... $250K purchase = $1,748 / month $225K purchase = $1,572 / month $200K purchase = $1,398 / month $175K purchase = $1,223 / month $161K purchase = $1,126 / month $150K purchase = $1,048 / month So, a few things to note here... [1] An affordable home purchase for a first year teacher given the assumptions above would be priced right around $161K. [2] Let's tweak the numbers a bit. We'll look at a teacher's salary after three years ($52K) and we'll round utilities down a bit ($100 instead of $125) and we'll hope for a loan program with a slightly lower (6.25% instead of 6.5%) interest rate. This increases the monthly budget to $1,200 which translates into a $176K home purchase instead of $161K. So... a bit better, but not much. [4] Circling back to the original $1,125 per month figure... there are rental options at this price point even if it proves difficult to find a suitable home to purchase for $161K with that same $1,125 per month budget. [5] Certainly, if the first year teacher is married or is in a relationship such that there are two buyers instead of one, with two incomes instead of one, then all of this math changes... and they will find more housing options that will fit the affordable criteria. P.S. Do you come up with different numbers when you do that math? What assumptions above are too high or too low? What else am I not considering in this analysis? Let me know. | |
An Early Look At January 2023 Home Buying Activity |
|
Contract activity slowed considerably in the fourth quarter of 2022 compared to the fourth quarter of 2021... Oct- Dec 2021 = 383 contracts signed Oct - Dec 2022 = 230 contracts signed That's a 40% decline in contract activity! Those higher mortgage interest rates seemed to finally make an impact in the fourth quarter last year. As a result, one of the indicators I am watching closely this year is contract activity in 2023. The graph above shows the number of contracts signed in January for each of the past five years including 2023. Here's what we find...
I expected we would see fewer contracts signed than in the past two to three years when super low interest rates and Covid's impact on the real estate market were driving record amounts of home buying activity. It's encouraging to see that where were more contracts signed in in January 2023 than in January 2019. It will be interesting to see how things continue to track as we move through the rest of the first quarter of 2023. | |
Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
Home Search
Housing Market Report
Harrisonburg Townhouses
Walk Through This Home
Investment Properties
Harrisonburg Foreclosures
Property Transfers
New Listings