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9 Cool Home Upgrades

by David Tyler Mills

Fewer people are buying new homes these days, opting instead to do home renovations - you know, just to spice things up a little.

Maybe you turn your bathroom into a high-tech spa or get some smart appliances in the kitchen. Maybe you do some green upgrades or maybe you do something purely for luxury.

So, what's the new rain showerhead, the new infinity pool?

We talked to contractors, designers and developers all over the country and here are the 10 Coolest Home Upgrades. 

Hidden, Wall-mounted TV

 

Wall mounted TV

Photo: Electronichouse.com

It's go big or go home with televisions these days - but when you bring one of these drive-in movie-sized screens home, it can often wreck the design of the room. When a guest walks in, they won't say, "Wow, what a nice house," but rather, "Wow, what a big TV you have!"

Well now, you can have it all - a big screen and big style. Designers are increasingly choosing to hide gigantic televisions in the wall and cover them with a mirror or artwork so when they're not in use, you don't even know they're there!

When it's above the fireplace, it can be a framed mirror or piece of art. In the photo at left, this Samsung 37-inch LCD is mounted in the closet behind the mirror, hidden by a removable panel in the closet.

You probably want a pro to do this - TVs require proper ventilation.

Water Feature With Fire

 

Water Feature With Fire

Photo: MerchantCircle.com

Fountains aren't new and fire pits aren't new but put them together - maybe even add some LED lighting - and shazam! Welcome to the future.

A water feature with fire shooting out of the middle can instantly remind you of that Hawaiian vacation (maybe pump some hula music into the outdoor speakers) or just ensure that you not only keep up with the Joneses but knock their socks off when they come over for a barbeque.

They can be rectangular trough-like structures with broken glass in the middle where the fire shoots out, or circular like this one in the picture at left. They can be freestanding, attached to a pool or create a big ridge of fire in a stoned wall. Have a seat because you can control it all by remote control!

OK, who wants toasted marshmallows?

Home Golf Simulator

Home Golf Simulator 

Photo: Truegolf.com

Golfers have been practicing their swing at home for years but not quite like this - a floor-to-ceiling golf simulator with a massive screen to let you "play" on some of the coolest courses in the world from Hawaii to England.

A golf simulator like the one from Trugolf is the ultimate addition to your game room next to the pool table and pinball machine.

Not only do you really feel like you're on the course but it helps you with your game, with sonic ball-tracking sensors and a program that gives you valuable feedback on your swing. They run from $20,000 to $60,000 or more.

She winds up the swing, good form and... Four!

Exotic Landscape Lighting

 

Exotic Landscape Lighting

Photo: Robert Davie

So you've got spotlights and those little solar path lights but this is taking your backyard to the next level and doing exotic landscape lighting.

Maybe it's uplighting on the palm trees, Cotton explained, or in the waterfall that spills over into the pool.

The cool thing is, Cotton said, you can even use solar lights - so it won't cost you an arm and a leg in electricity! Take a solar light, put it in a spotlight and turn it upside down shooting up into your landscaping or water feature like a fountain or koi pond.

"Landscape lighting in the water is fairly easy to do," Cotton said. "You get that constant reflection - It's very romantic mood light. It produces a romantic and flickering light - just like a fire does."

Outdoor Shower

 

Outdoor Shower

Photo: Karmasamui.com

No, we're not talking about the kind you put next to the pool so the kids can wash off the sand, dirt or chlorine.

These are luxurious showers, usually off of the master bath, made of high-end stone and other natural materials, with lush foliage that create your own personal Eden.

You'll already find this type of outdoor shower in resorts in Bali, Fiji and the Caribbean, but now, homeowners are bringing the resort home.

"It's a very sexy thing," said Walid Wahab, president of Wahab Construction in south Florida. "It's your private shower -- you can get completely naked and take a shower outside in your private garden."

Wahab said the construction is getting very creative - things like a shower head coming out of a tree.

Master Control for Energy Consumption

 

Master Control for Energy Consumption

Photo: Control4.com

You know you can control your entire house now from a laptop, iPhone or iPad. Everything from the lights and thermostat to the stereo - and even the pool. Here's taking it to the next level - a master control for energy consumption.

"This is very, very new - people are just experimenting with it," said Ron Rimawi, who co-owns Digital Interiors in Atlanta. "It helps make you more aware and more conscious of your energy usage, so you don't waste energy."

Basically, they're small digital panels that connect with the utilities and track various appliances and systems in your home. They can tell you everything from your usage to the temperature and how much it's all costing you!

"We have long held the belief that the promise of the Smart Grid can only be realized if the consumer is front-and-center in the design of demand-response systems," said Control4, which makes the master control for energy consumption pictured at left.

Pop-up Ventilation for the Kitchen

 

Pop-up Ventilation for the Kitchen

Photo: Dacor.com

No one wants the lingering smell of smoke and cooking fumes in the kitchen - particularly with how hot the open-concept kitchen-living area is right now. But hoods, no matter what high-end materials you use, can be clunky, not to mention they get greasy and dirty.

Enter the pop-up hood vent - You can sink it into an island or other countertop (of course, with an underground vent to the outside) and then at the press of a button, it comes up, sucks all the smoke and fumes out and then press the button again and - poof! - it vanishes again.

This is not only great for kitchen design, but also to lure other members of the family into the kitchen to help.

Make it high-tech - and they will come!

Cooling Drawer

 

Cooling Drawer

Photo: Electronichouse.com

Let's face it - kitchens are getting cool. From sleek granite to smart appliances, this isn't your grandma's kitchen.

One of the places where the most innovation is taking place is in the refrigerator. Maybe they have double French doors or are hidden by paneling that makes them blend in with the cabinets.

One of the coolest things - literally - is a cooling drawer, like the one shown left from Fisher Paykel. These are drawers with several different temperature settings, so you can store soda, wine, snacks for the kids - even ice cream.

They're individual drawers, so you can have any number of them scattered around the house.

Scource: Cindy Perman, CNBC.com; taken from Yahoo! Real Estate Blog.

It's a Sign of the Times!

by David Tyler Mills

Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. 

 

But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll.  Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course.

 

The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty.  And then for many years afterwards, the blow to credit gets in the way of buying another home or buying anything on credit. Foreclosure even complicates employment prospects.

 

The impact of foreclosure is huge and the sad fact is that it’s often avoidable.

 

As real estate professionals who have earned the Certified Distressed Property Expert (CDPE) designation, our mission is to provide financially strapped homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs.

 

Among the most important facts to keep in mind: the sooner help is sought, the better the options.

 

These are tough times, but more help is available than ever before. If you or someone you care about is ready to navigate away from the dark cloud of an unmanageable mortgage and realize that hope and blue skies are within reach, contact us today, and let’s get started.

11 Horrible Real Estate Ads

by David Tyler Mills

A picture might be worth a thousand words, but for most real estate agents, it could be mean losing a listing.  Even though there are other crucial factors that contribute to selling a home, it’s fascinating whenever a seller pulls a listing simply because a picture didn’t capture every alluring essence that only the seller sees.  However, this does not license a real estate agent to exert no effort while taking pictures. 

You think Rocket Science is hard?  Try photography.

On the flip side, sometimes real estate agents just don’t have much to work with. 

“Mrs. Jones, I know you like this table, but what kind of ‘value’ are we talking about that this is adding?”

Here is a list of pictures showcasing some truly effortless listing pictures.  Enjoy!

It’s one thing to move some toys out of the way, but having to take a mattress out of the kitchen might be pushing the requirements of an agent.  Maybe if we just shut the oven, fix the blinds, and sweep the floors.  Then again, we can always include “Fixer-upper” in the ad.

“So are we going for the whole ‘CSI investigative scene’ here?”

Can you imagine a world without spell check?  Believe it or not, there was a time we had to proofread stuff.  It’s amazing to see how replacing a “v” with a “c” can really change a message.  Now, I just hope I used proper spelling when poking fun at this ad.  That would be embarassing

Rule of Thumb: Apartments with spacious first floors are prone to lice.

I shouldn’t have to say this.  Nevertheless, a listing picture should include the house you are selling.  If unkempt shrubbery is your selling hook, then good luck trying to find an avid hedge artist.

Some buyer’s enjoy playing I Spy, right?

You might know this, but real estate agents have very fragile legs.  It’s a struggle to leave our beds much less our cars.  Lucky for us at McNaughton Real Estate, we’ve been taking full advantage of our Pilates instructor that moved in next door.   

Whoever said drive-bys were only for gangsters?  

Beauty is in the eye of the beholder, but some eyes must not work correctly.  Being from Arkansas, we’ve seen our share with camo theme houses.  Try to stay with neutral colors when selling your house.  And don’t use wrapping paper as wall paper either…

If you look closely, you can see the entire family wearing matching PJs.

“Desperate times call for desperate measures” has been the mentality for many realtors throughout the nation.  Lafayette, IN must be in great despair.  Not only do their houses need to be digitally enhanced, but the budget cuts required a downgrade on their computer software.

This agent’s proud mother added this gem to her refrigerator.

Nothing says “sold as is” than beef jerky sizzling in the corner.  A better idea would have been leaving the road kill on the street.  On the other hand, I bet this is actually the neighbor’s pet, and the owners panicked while trying to find a hiding place.  Too many scenarios, so little time.

The sellers also included the microwave that Sparky shot out of.

It’s always good to keep the tenant in the loop during picture day.  You never know what you’ll find or, better yet, not find (in this case a shirt.)  Sex does sell, but make sure your advertising something remotely sexy…

Try not to schedule your showing between 2:00-5:00.  That’s when Phil parties his hardest.

Between pink flamingos and garden gnomes, there are plenty of options to make your yard tacky.  Let’s try to keep the skulls and toilets to ourselves.  And don’t give me that “it’s an outhouse.”  Slap some walls around it and cut a crescent out of the door and maybe we’ll talk.

Seriously though, isn’t it up to the owner to decide how many bathrooms there really are?

I’ll admit some sellers work as stringently as agents.  And agents should know their client’s sleep patterns (well, enough to not be creepy.)  But if it’s picture day, we don’t need a client as a centerpiece. 

“Hey you with the camera, can you find me a new TV?  Maybe one that isn’t the size of a Teletubby’s belly? ”

It’s common to fumigate your house, but I haven’t heard too many instances where an exorcist was needed.  I’m scared enough going into a seller’s home where the electricity is off.  I definitely don’t need to add Ghost Hunter to the resume.    

Who ya gonna call??? Another agent…

Let me know if you find any horrible real estate ads.  You can send them to me at tyler@mcnaughtonrealtors.com.  I'll see if we can get a special section for your pictures on our Facebook page.

Islands for Sale

by David Tyler Mills

If you’re having a hard time deciding what to splurge on whenever you receive your refund check from the government, here is a unique idea.  Why not buy an island?!  Vacations are so short-term anyway, right?  Not to mention you’ll gaining the ability to top any story at any dinner with acquaintances.

 

“Oh, you went paragliding?  Hmm…  Well, I have an island.”

So if you’re ready to grab the American dream by the horns, then take a look at Private Islands Online.  With an assortment of listings throughout the world, I’m sure you’ll find the perfect island for you and your yacht.  Here are a few to put on your wish list.

North Coco Plum Island, Belize

Price: $2,750,000

Size: $10.3

Location: Dangriga 

Features:

  • 15 minute flight from the International Airport
  • 30 minutes by boat from the mainland in the Southwater Marine Reserve
  • 5 concrete Casitas
  • 5 Over Water Cabanas
  • A 3 Unit Family Villa that accommodates 31 in privacy
  • 1200 foot seaside boardwalk
  • 3 bars (I'm assuming sand bars.)
  • 2 dining areas
  • A scuba center
  • Banks, pharmacies, markets, and essentials only 30 minutes away

 

West Nalaut Island, Philippines

Price: $8,000,000

Size: 118 acres

Location Palawan

Features:

  • “Top 10 island destination in the world” –National Geographic
  • Mostly trash and garbage free due to governmental awareness programs
  • Located in the region with the highest tourism potential in the world
  • Permits and licenses for luxury resort provided
  • Record breaking growth in tourism arrivals of 392% in a 12-month period
  • One thousand pages of documentation are included in the full purchase price, giving you plenty of literature to read on your lonely island.  
  • 40 minute-flight from Manila to Busuanga
  • Out of the Philippine typhoon belt
  • “A” seismic safe tsunami free zone (Not sure why there are quotes around “A,” but it leads me to believe that this island isn’t safe from "many" seismic tsunamis)
  • Freshwater source on the island
  • 3G GSM cellular signal on the island, which isn’t useful for having pizza delivered

 

Rangyai Island, Thailand

Price: $160,000,000

Size: 110 acres

Location: East of Phuket

Features:

  • Freshwater
  • Electric generator
  • Mobile signal, so you won't be stuck talking to Wilson all day
  • 20 minutes from Phuket International Airport
  • 10 minutes by boat from the nearest town
  • Beautiful white sand beaches
  • Lush tropical forests
  • Incredible 360° views

 

The fabulous life of the rich and famous awaits you.  However, if you don’t have a couple of million hiding under your suede, Siberian white tiger couch cushions, then check us out for plenty of great prices for homes in Northwest Arkansas.  We’ll even let you build a moat around your home if you desire.    

“I wonder if the price of stale Cheerios has increased this year.”

What Loans are Available for You?

by David Tyler Mills

The real estate market has hit the ground running with plenty of signs that this is going to be a good year.  Most people are aware now that it’s a buyer’s market in Northwest Arkansas with historically low interest rates and housing prices.  However, most potential buyers may not be aware of the financial loans that are available to them.  A simple reference chart of all the loans that are available for potential home buyers and investors will be provided below.  

Buyers interested in owner occupied properties have four options: Rural Development (RD), Veterans Administration (VA), Federal Housing Administration (FHA), and Conventional.  Notice the RD, VA, and FHA chart below are listed side-by-side for easy comparison between their set down payments and fico credit score requirements.  The Conventional chart is separated due to the correlation between the fico credit score and the down payment (a better credit score allows a lower down payment.)  

 

 

RD

VA

FHA

Financing

100%

100%

N/A

Down Payment Required

None

None

3.5%

Min. Fico Credit Score Required

620-640

620

640

 

   

 

Conventional

 

Down Payment Required

Min. Fico Credit Score

Number of Units

 

3%

720

1

 

5%

660

1

 

20%

620

1

 

20%

640

2

 

25%

640

3-4

 

Notes:  Conventional bonds do not offer 100% financing. Units refer to the type of property.  For example, a one unit is a typical home; a two unit is a duplex; and a three or four unit is a multiplex.

 

For investors, conventional loans are your only option.  Notice that the loan requirements are different for first time investors and veteran investors.  Two charts are provided for each scenario.

First Time Investors

 

Conventional

Down Payment Required

Min. Fico Credit Score

Number of Units

20%

660

1

25%

660

2

35%

660

3-4

 

Veteran Investors 

Conventional

Down Payment Required

Min. Fico Credit Score

Number of Units

10%

720

1

20%

620

1

 

Do not miss this opportunity to buy at the bottom of the market here in Northwest Arkansas.  For a free list of the listings available in NWA, check out our website.  For more information on loans, call our good friend Kelly Franks at Priority Bank.


How Healthy is Your Brain?

by David Tyler Mills

I know everyone is in their tip-top physical shape after my blog on workout supplements, but we can’t forget about the brain.  Yeah, it’s great to be in shape, but nobody likes all brawn and no smarts.  Fortunately, there are a variety of lifestyle choices that can directly exercise and preserve our brains.

Lumosity.com has a website that will grade your brain from your lifestyle choices.  Just go to www.braingradetest.com to try your free test.  It only takes about 5 minutes.

Along with your grade, the test gives an analysis on your diet, exercise, health, lifestyle, and cognition.  It will highlight areas you’re strong at and explain why that activity is important.  The test also includes areas that you’re struggling in and how you can improve them.  If you want, Lumosity.com can help train your brain.

I won’t tell you what I got, but let’s just say I need to eat more fish.  Let me know what y’all think!

Top 10 Workout Supplements for Men & Women

by David Tyler Mills

With a new year comes new resolutions and if you’re like everyone else in the world, it’s just a new start to try last year’s resolutions again.  Nevertheless, the general consensus at our office is to get in shape this year.  As a result,  we can be on our “A” game to help with your real estate needs (and so we can live longer) but mostly to help you ("And the salesman of the year goes to…") All jokes aside, let’s get those sweatbands on and educate ourselves on the top 10 supplements for men and women.

Top 10 Workout Supplements for Men & Women   

1. Whey Protein Powder

  • Men - Whey protein powder is a clean, natural, and effective supplement for building muscle and burning fat.  It provides essential amino acids that our muscles need.
  • Women - This stuff isn’t only for men.  It helps fight cravings for unhealthy foods, keeps you energized for workouts, and helps you lose considerable tummy fat. 


2. Multi Vitamins

  • Men - Even if you’re consistent with a daily healthy diet, a strenuous workout can deplete those nutrients.  Taking a multi vitamin designed for men helps the recovery process.
  • Women – Same story for women.  Find a multi vitamin designed for women.

 

3. Creatine

  • Men & Women - One of the most effective and researched supplement, creatine is naturally found in meats and helps your body store and use more energy especially in intense situations.  So if you’re looking for a little motivation for those extra repetitions, here’s your answer.

4. Pre-workout energy drink

  • Men – Pre-workout gives you that boost you need to plunge into an intensive workout.  Most of these energy drinks contain caffeine, nitric oxide, and other metabolism charging compounds, which gives you a rush of energy. 
  • Women - If you need motivation just to get started, then invest in a pre-workout energy that is targeted for women.  Women’s pre-workout energy drinks consist of some great ingredients like Green Tea and natural amino acids like Taurine and Arginine. 

5. Omega 3’s

  • Men & Women - This supplement contains essential fatty acids that we need because our bodies cannot create them by itself.  Omega 3’s help with cardiovascular health, cognitive function, rebuilds cells, and restores joint flexibility.

6. Thermogenic Fat Burner

  • Men & Women - These aren’t essential but are popular among women.  Be sure to look for a “metabolism boosting” thermogenic fat burner because these have the least side effects.  When using these, make sure to follow up with a great diet with plenty of water.   

7. BCAA’s

  • Men - Containing three essential amino acids: leucine, isoleucine, and valine, branch chained amino acids help spare our muscles from being broken down during your workout.  BCAA’s help you gain muscle which will help you burn more calories.  When combined with BCAA’s, glutamine plays a primary role for protein synthesis and is a cellular energy resource.  This is great as a post-workout supplement. 
  • Women – Don’t worry about increasing muscle mass.  Gaining muscle doesn’t necessarily mean greater bulk.  You need muscles to burn more calories.

8. Natural Sleep Supplement

  • Men & Women - Sleep is what our bodies need to help rebuild muscle.  During sleep, your muscles repair, recover, and grow; therefore, depriving yourself from rich deep sleep robs yourself from these benefits.

9. Casein Protein & Antioxidants

  • Men – Unlike whey protein, casein protein has a natural time-release.  This supplement maintains a steady level in our amino acids for our muscles.  It should be taken an hour or two before going to bed in order to reap its benefits while your muscles are repairing in your sleep.
  • Women - Want to look younger?  Then you’ll need to reduce stress and eliminate toxins.  What supplement helps you do this?  Antioxidants.  Acai and Gojiberry have high antioxidant content, which is why they’ve been receiving a great deal of publicity.

10. Joint Support

  • Men & Women - Glucosamine can help support flexibility and mobility for your joints.  With a greater range of motion for your joints and muscles, you can receive better results when strength training.  Also, joint support supplements can assist with knee, shoulder, and back pain.

Source: www.weightlossandtraining.com

Note: The pictures supplied for each supplement are examples and are not preferences.

The 2011 Real Estate Market Activity for Northwest Arkansas

by David Tyler Mills

Everybody is hearing mixed messages on the current real estate market and is wondering what the outlook of this year will bring.  If you’re listening to the news on a national level, you will hear a variety of coverage of how excellent or terrible the market looks.  Right now, the market is shaky- good in places, bad in others- so it’s vital to watch the market at a local area.  Do not be swayed by the national opinion of the real estate market because houses are selling here in northwest Arkansas. 

Included in this report is data taken from our local MLS database from the 12th of December of 2010 and data from the 12th of December of 2011.  From the comparison of these two snapshots, an assessment of the yearly change between the listings, the number of months supply, and new construction while be provided for the cities of Fayetteville, Farmington, Springdale, Lowell, Rogers, Bentonville, and Bella Vista.  Also within this report, significant changes in certain pricing categories will be supplied that showed substantial influence in each city.    

What is being measure?

Listings – a change between 2010’s and 2011’s houses on the market, also known as inventory, is provided.  A positive change usually indicates that inventory is increasing, and prices are decreasing.  On the other hand, a negative change usually indicates that inventory is decreasing and prices are increasing.  Changes in inventory within a certain price category have the greatest effect on price categories that are immediately less than or immediately greater than that category.  For example, a change in inventory in the pricing category of $100-149 will have a greater impact on the change in price and inventory within the pricing categories of $0-99 and $150-199.  Therefore, price categories such as $500-599 will have insignificant effect by these changes initially. 

Months Supply – a change between 2010’s and 2011’s number of months a house will remain on the market is given.  A positive change indicates an increase of time (in months) a house will remain on the market before it will sell.  A negative change indicates a decrease of time.  It is best to monitor specific price categories besides the overall average of each city to determine which housing prices are in high demand.  The most significant changes with each category have been provided.  Favorable significant changes have been highlighted in green; whereas, unfavorable changes are in red.

New Construction - a change between 2010’s and 2011’s number of new constructions have been included.  An increase in new construction is usually a reliable indicator of local economic growth, since many industries are involved during new construction.  A negative growth is to be expected in a recovering economy.

 

Fayetteville

 

Overlook

 

 

 

Listings

Months Supply

New Construction

 

 

Year

2010

2011

2010

2011

2010

2011

 

 

 

849

670

12.7

12

95

82

 

 

Change

-179

-0.7

-13

 

 

% Change

21%

6%

14%

 

 

 

 

 

 

 

 

 

 

 

 

Significant Changes

Price Category

$100-149

$300-349

$350-399

$400-449

Year

2010

2011

2010

2011

2010

2011

2010

2011

Months Supply

13.8

7.1

12.3

63

30

14.4

21

84

Change

-6.7

50.7

-15.6

63

 



 

 

 

 

 

 

 

Significant Changes

 

 

Price Category

$600-699

$700-799

$800-899

 

 

Year

2010

2011

2010

2011

2010

2011

 

 

Months Supply

12

31.5

12

39

84

9

 

 

Change

19.5

27

-75

 

 

 

Fayetteville barely improved its months supply overall.  Fortunately, months supply for $100-149 and $350-399 were almost cut in half.  For houses priced at $100-149, houses will now sell within seven months.  In 2010, it would have taken almost 14 months!  Houses priced at $800-899 did have an impressive difference of about six years.  Houses priced at $400-449 had a large increase of 63 months.  A strategic seller would drop their price within the $350-399 category.

Key Takeaways

  • Greatest change: $400-499 increased 63 months.
  • Fayetteville has the lowest months supply difference (-0.7).
  • Fayetteville has the lowest months supply percentage change (6%).
  • Fayetteville has the lowest percentage change decrease in new construction (14%).

 

Farmington

 

Overlook

 

 

 

Listings

Months Supply

New Construction

 

 

Year

2010

2011

2010

2011

2010

2011

 

 

 

100

53

20

8.8

6

2

 

 

Change

-47

-11.2

-4

 

 

% Change

47%

56%

67%

 

 

 

 

 

 

 

 

 

 

 

 

Significant Changes

Price Category

$100-149

$150-199

$200-249

$250-299

Year

2010

2011

2010

2011

2010

2011

2010

2011

Months Supply

11.4

7.5

24

6

19.5

9

24

5

Change

-3.9

-18

-10.5

-19

 

Farmington did phenomenal this year.  Overall the month supply dropped 56%.  Houses that took 20 months to sell now only take about nine.  Hot price categories included $100-149, $150-199, $200-249, and $250-299.  Almost all these categories took over a year or two to sell last year, now only take a few months!

Key Takeaways

  • Greatest change: $250-299 decreased 19 months.
  • All significant changes decreased in months supply.
  • Farmington has the largest percentage change in listings (47%).
  • Farmington has the largest months supply difference (-11.2).
  • Farmington has the largest months supply percentage change (56%).
  • Farmington has the lowest decrease in new construction (-4).
  • Farmington has the largest percentage change decrease in new construction (67%).

 

Springdale

 

Overlook

 

 

 

Listings

Months Supply

New Construction

 

 

Year

2010

2011

2010

2011

2010

2011

 

 

 

763

493

11.6

6.6

55

20

 

 

Change

-270

-5

-35

 

 

% Change

35%

43%

64%

 

 

 

 

 

 

 

 

 

 

 

 

Significant Changes

Price Category

$0-99

$100-149

$250-299

$300-349

Year

2010

2011

2010

2011

2010

2011

2010

2011

Months Supply

8.5

3.4

13.8

7.1

16.7

24.6

51

84

Change

-5.1

-6.7

7.9

33

 

 

 

 

 

 

 

 

 

 

Significant Changes

 

 

Price Category

$400-449

$450-499

$550-599

 

 

Year

2010

2011

2010

2011

2010

2011

 

 

Months Supply

36

24

51

84

84

9

 

 

Change

-12

33

-75

 

 

 

Considering how Springdale is the second largest city in Northwest Arkansas, a 35% change in listings is prominent.  The majority of this change came from houses priced at $0-99 with a five month supply change and $100-149 with a seven month supply change. High-end priced homes, such as $250-299 and $300-349, didn’t favor as well this year with an increase of an eight and a 33 month supply respectively.

Key Takeaways

  • Greatest change: $500-599 decreased 75 months.
  • Springdale has the largest change in listings (-270).
  • Springdale has the largest decrease in new construction (-35).

 

Lowell

 

Overlook

 

Listings

Months Supply

New Construction

Year

2010

2011

2010

2011

2010

2011

 

106

76

8.4

7.1

16

17

Change

-30

-1.3

1

% Change

28%

15%

6%

 

 

 

 

 

 

 

 

Significant Changes

 

 

 

 

Price Category

$200-249

 

 

 

 

Year

2010

2011

 

 

 

 

Months Supply

12.8

84

 

 

 

 

Change

71.2

 

 

 

 

 

Lowell’s real estate market showed little activity this year.  Listings dropped with a 28% change, but total months supply barely showed any significant signs of change.  Most notably, the price category of $200-249 had a significant increase of 71.2 month supply.

Key Takeaways

  • Lowell is one of two cities that increased in new construction.
  • Lowell has the largest percentage change increase in new construction (6%).
  • Lowell has the lowest change of listings (-30).

 

Rogers

 

Overlook

 

 

 

Listings

Months Supply

New Construction

 

 

Year

2010

2011

2010

2011

2010

2011

 

 

 

867

620

11.8

7.8

87

55

 

 

Change

-247

-4

-32

 

 

% Change

28%

34%

37%

 

 

 

 

 

 

 

 

 

 

 

 

Significant Changes

Price Category

$100-149

$200-249

$250-299

$400-449

Year

2010

2011

2010

2011

2010

2011

2010

2011

Months Supply

14

6.6

16.3

8.4

11.6

22.9

15.8

4.7

Change

-7.4

-7.9

11.3

-11.1

 

 

 

 

 

 

 

 

 

 

Significant Changes

Price Category

$450-499

$550-599

$600-699

$700-799

Year

2010

2011

2010

2011

2010

2011

2010

2011

Months Supply

25.5

10

13.5

84

45

16.5

84

14

Change

-15.5

70.5

-28.5

-70

 

 

 

 

 

 

 

 

 

 

Significant Changes

 

 

 

 

Price Category

$800-899

$1,000+

 

 

 

 

Year

2010

2011

2010

2011

 

 

 

 

Months Supply

45

15

18

36

 

 

 

 

Change

-30

18

 

 

 

 

 

Unlike Lowell, Rogers experienced ample real estate activity with the overall months supply decreasing 34%.  All significant price categories that had a decrease in months supply range from seven months to roughly six years.  Price categories such as $250-299, $550-599, and $1,000+ increased from 11.2 to 70.5 month supply.

Key Takeaways

  • Greatest change: $550-559 increased 70.5 months.

 

Bentonville

 

Overlook

 

 

 

Listings

Months Supply

New Construction

 

 

Year

2010

2011

2010

2011

2010

2011

 

 

 

503

298

12.2

6.2

111

117

 

 

Change

-205

-6

6

 

 

% Change

41%

49%

5%

 

 

 

 

 

 

 

 

 

 

 

 

Significant Changes

Price Category

$0-99

$100-149

$150-199

$200-249

Year

2010

2011

2010

2011

2010

2011

2010

2011

Months Supply

9

4

11.1

6.2

13.3

5.5

13.1

4.7

Change

-5

-4.9

-7.8

-8.4

 

 

 

 

 

 

 

 

 

 

Significant Changes

Price Category

$350-399

$450-499

$500-549

$550-599

Year

2010

2011

2010

2011

2010

2011

2010

2011

Months Supply

57

6.8

19.5

6.6

27

8

3

9

Change

-50.2

-12.9

-19

6

 

 

 

 

 

 

 

 

 

 

Significant Changes

 

 

Price Category

$600-699

$800-999

$1,000+

 

 

Year

2010

2011

2010

2011

2010

2011

 

 

Months Supply

10.5

6

4

12

21

84

 

 

Change

-4.5

8

63

 

 

 

Much like Rogers, the real estate market was very active in Bentonville with a greater overall months supply change of 49%.  Bentonville shows favorable activity across the board amongst each price category, ranging from five months to four years!  The only significant downfalls were in the price categories of $550-599, $800-999, and $1,000+, ranging from six months to five years

Key Takeaways

  • Greatest change: $1,000+ increased 63 months.
  • Bentonville was one of two cities that increased in new construction.
  • Bentonville has the largest increase in new construction (6).

 

Bella Vista

 

Overlook

 

 

 

Listings

Months Supply

New Construction

 

 

Year

2010

2011

2010

2011

2010

2011

 

 

 

634

544

13.8

9.6

19

7

 

 

Change

-90

-4.2

-12

 

 

% Change

14%

30%

63%

 

 

 

 

 

 

 

 

 

 

 

 

Significant Changes

Price Category

$0-99

$100-149

$300-349

$350-399

Year

2010

2011

2010

2011

2010

2011

2010

2011

Months Supply

9.8

6

14.8

8.4

18

6.8

13.5

84

Change

-3.8

-6.4

-11.2

70.5

 

 

 

 

 

 

 

 

 

 

Significant Changes

 

 

 

 

Price Category

$400-449

$550-599

 

 

 

 

Year

2010

2011

2010

2011

 

 

 

 

Months Supply

24

84

84

9

 

 

 

 

Change

60

-75

 

 

 

 

 

Bella Vista also did well this year with an overall months supply decrease of 30%.  Even though price categories such as $350-399 and $400-449 took a hit, $550-599 has the greatest decrease of about 6 years of months supplyLower price categories did exceptionally well with decreases ranging from about 4 months to almost a year.

Key Takeaways

  • Greatest change: $550-599 decreased 75 months.
  • Bella Vista has the lowest percentage change in listings (14%).

CDPE-Designated Agent vs. Real Estate Agent

by David Tyler Mills

What’s the difference between a CDPE-designated agent and a regular real estate agent?

While all agents in the state are educated the same and required to take the same amount of continuing educational hours, a Certified Distressed Property Expert® (CDPE) specializes in saving distressed property owners from foreclosure.

According to the Charfen Institute…

“A Certified Distressed Property Expert® (CDPE) has a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. CDPEs can provide solutions, specifically short sales, for homeowners facing market hardships.

Homeowners regularly proceed without guidance of any kind through the often financially and emotionally devastating prospect of foreclosure. Speaking with a well-informed, licensed real estate professional is the best course of action for a homeowner in distress. Through comprehensive training and experience, CDPEs have the tools to help homeowners find the best solutions for their unique situations and to avoid foreclosure through the efficient execution of a short sale.

Living through financial difficulties poses a challenge for any family, so why make the process of finding a qualified real estate professional difficult too? Select an agent with the CDPE Designation to ensure you have a trained professional to address your specific needs. For more information, contact a CDPE in your area.

CDPEs don’t merely assist in selling properties, they serve and help save their clients in need.”

Our message to homeowners who do not know where to turn: there is hope. Foreclosure is not inevitable and neither the government nor your bank wants to see that happen. No one expected to find themselves on the brink of foreclosure, but we have worked with countless clients who have managed to turn their financial trajectory around and get on a path of financial recovery. 

It CAN be done! And it would be our privilege to help.

CIAS-Designated Agent vs. Real Estate Agent

by David Tyler Mills

What’s the difference between a CIAS-designated agent and a regular real estate agent?

While all potential agents in the state are educated on the same principles and required to take the same amount of continuing educational hours, a Certified Investor Agent Specialist™ (CIAS) takes it many steps further in real estate investing education. 

According to the Charfen Institute…

“A Certified Investor Agent Specialist™ (CIAS) finds, creates, and closes with residential real estate investors with the knowledge and tools earned through comprehensive education and experience. CIAS-designated agents can streamline the process of real estate investment to increase returns for investor clients.”

CIAS-designated agents help real estate investors navigate:

  • Investment Strategies
  • Self-directed IRAs
  • 1031 Exchange
  • Leverage Options
  • Key Calculations
  • Return-on-Investment
  • Capitalization Rate
  • Average Returns
  • Cash Flow
  • And much more!

 

Investors are coming out on top this year with low housing prices, low interest rates, and rising rent prices.  It’s not hard to get started either; check out what this family did…

 

See?  Not as hard as it sounds to be an investor.  If this interests you, call us today and ask for a CIAS-designated agent.  They will be more than happy to help you. 

Displaying blog entries 11-20 of 218

Contact Information

Photo of Don McNaughton Real Estate
Don McNaughton
McNaughton Real Estate
4299 W. Persimmon
Fayetteville AR 72704
479-442-9099
Fax: 479-442-0948
       

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