Our Focus Group from the Roof of Syracuse Media Group's Office in the Merchant Commons Building downtown.

JOHN ARQUETTE PROPERTIES, REALTORS® ANNOUNCES PROMOTION

FAYETTEVILLE, NY (24 MAR 14) - John & Elenore Arquette, Broker/Owners of John Arquette Properties announced the appointment of Pamela DeMascole to the position of Branch Manager at their office in the Town of Clay. Pamela has been a successful salesperson in the industry since 2004 and joined their firm last fall. She will be replacing Jennifer LaGraffe who is staying with the company and moving into a newly created position as Director of New Business Development. Jennifer will now focus her energy on agent recruiting and identifying potential acquisitions as well as opportunities in related industries.

The Arquette’s launched their company in January 2009 and have experienced tremendous growth. “Experienced agents are attracted to our extensive local marketing campaign and enjoy the lead generating technology and clerical support we provide” said Elenore Arquette.

John Arquette Properties, REALTORS® has offices in Clay, Fayetteville and Tully New York. Visit their website at www.johnarquette.comSee More

The Value of Newspaper Advertising

Congratulations to The Post-Standard! Scarborough is an independent research company that has ranked the Post-Standard #1 for a newspaper website.  Read the full story below.  Another reason why we choose to advertise in the Post-Standard.

By syracuse.com | The Post-Standard The Post-Standard
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on February 14, 2014 at 4:11 PM


Syracuse, N.Y. — Syracuse.com has been ranked the No. 1 newspaper website in the country by Scarborough research company.
    The ratings are based on market penetration, which is the percentage of adults in the market who visit the website in a seven-day period.
    Scarborough also ranked The Post-Standard the No. 4 newspaper in the country for readership penetration among Sunday newspapers.
    Syracuse Media Group President Tim Kennedy attributed the ranking to the quality and quantity of news and advertising on the site.
    "There are a lot of great news websites in the country, so it feels really good to be No. 1," he said.
Syracuse Media Group was formed last year to take over the operations of The Post-Standard and syracuse.com, with increased focus on digital media. Syracuse.com tallied 37.5 million page views in January, a record for the month.

Real estate poll: Seller's Market Could Be On The Way

 

New Yorkers' views of the housing market remained positive in the fourth quarter but stopped getting better, according to new polling from the Siena Research Institute.

 

The institute, based at Siena College near Albany, created its latest real estate sentiment scores based on phone interviews throughout the fourth quarter with 1,994 New Yorkers over age 18.

 

Here are some highlights:

• Improvement comes to an end: The institute's overall sentiment score had been steadily rising since reaching its low point several years ago. That climb stopped in the fourth quarter. The overall current score was 12, down 5.7 points from the third quarter. Any score over zero means New Yorkers had mostly positive feelings about the market.

 

• A seller's market on the horizon?: Buyers have held a perceived advantage over sellers for quite some time, according to Siena. But that appears to be changing. Scores measuring New Yorkers' thoughts on selling a home in the future were far higher than readings measuring their feelings on buying in the future.

 

• Upstate is feeling good: Upstate New Yorkers' current feelings on the housing market remained mostly positive, according to Siena. The region's overall current score was 15.3 in the fourth quarter. That's down 4.1 points from the third quarter but ahead of New York City's reading of 6.5. The overall current score for the New York suburbs was 17.6.

 

• Reason for continued optimism: Right now, 45 percent of New Yorkers say the condition of the housing market has improved over the past year and almost as many expect to see more improvement in the year ahead, said Don Levy, institute director. Only 25 percent believe things have gotten worse, and less than 20 percent expect conditions to weaken in the future. "Compared to where we've been, this is a very solid footing," Levy said in a news release.

 

 

 

 

 

It's a Seller's Market!

Today in Onondaga County there are 2,119 single family homes for sale 119 of those came onto the market in the last 7 days. Over the past 6 months 2,328 homes have sold and closed. When the number of sales over the previous 6 months is higher than the number of available homes the market is said to be favoring the seller so we are in a “sellers’ market”. In a sellers’ market prices hold steady and often rise, in the Greater Syracuse market that rise in pricing will be modest but the overall lack of inventory may force buyers to pay close to full asking price.

From the buyers perspective it is still a fantastic time to buy. Even at full asking price the ultra-low interest rates will make up for any negativity a buyer may feel paying the full asking price. If you have questions on the local market visit our website or email me john@johnarquette.com

LOCAL INVENTORY ON THE RISE

The low point was March of this year when only about 1600 single family homes were available to purchase in Onondaga County. Buyers were having a hard time finding just the right house among slim pickings and many turned to new home builders, a welcome sight to a group battered by the recession.

Since that point sellers have been coming back into the market hoping to catch the market at the right time and move forward. Many had felt trapped in a home they purchased during the boom years and were unable to recapture their initial investment, those days are gone. In almost every town within The Greater Syracuse area homes are selling at a brisk pace and prices are rising, often due to multiple offers. This positive news has caught the attention of many homeowners who have recently listed their homes for sale offering buyers greater selection.

One of the hottest markets is the Town of Clay where a slight undersupply still exists, supply and demand rules still apply. Once the supply of homes in any given market falls beneath six months prices start to nudge up. With interest rates holding at historical lows and inventory starting to rise there hasn’t been a better time to move in years.

Click the above images for a larger view!

 

 

As always, the John Arquette Properties team would love to answer any questions you have regarding the above data!

Market Your Investment Property Like It Was Owner Occupied

If you look at owner occupied real estate listings online, you’ll notice that most of them have multiple photos, a full description and sometimes even a video.

Contrast that with investment properties - many only have one photo of the front of the property, which is the minimum required to put it on the multiple listing service.

This just doesn’t make sense.  Most buyers of Syracuse investment properties are out of town, and have a limited time to actually view them.  They do a lot of their searching online and must rely on short descriptions and limited pictures.

The good news is that if you have an investment property to sell, simply by having photos, video and a full description your property will be a stand out in a crowded market.

On online housing sites, a very popular way to sort property searches is to put the ones with the most photos first.  Sometimes that is even the default sort method.  Proper marketing puts you at the top of the list.

Call Melissa Woycechowsky today at 315-395-7523 to get a free estimate of your property’s value and learn how we can help you net the most money for your property in the shortest amount of time.