Published March 31, 2025

The Sunday Snapshot 📰 | Real Estate for Real People (3.30.25)

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Written by Jeremy Larkin

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Because You Don't Need Another Real Estate 🏡 Newsletter

Hey friends —

This week's 3-minute real estate shocker, no industry jargon allowed…

🏠 I Didn't See That Coming…

The average price of homes for sale in our local market is just shy of $900,000...
...but the average sales price this week? $597,000.

 

That's a massive gap. Why? 

Just to see who's paying attention, I've got a Farmstead Bakery 🥐 gift package for the first 3 people who reply with their opinion of what's happening here! 

No “correct” answers needed, just some audience participation! 🍩

💵 Insight of the Week:

Even small changes in mortgage rates can totally shift a buyer's budget. Check this out:
📉 Just a 1% rate drop means a $500,000 home costs about $300/month less, or increases your budget to $550,000. 
 
That's serious breathing room in a budget - like upgrading from Top Ramen 🍜 to Sakura Steakhouse kind of difference.
 
It's also why buyers are watching rates like hawks—and why pricing your home correctly is more important than ever.
 
 
⚠️ Takeaway That Could Save You $15k and Sleepless Nights:
 
When selling your home, the first offer usually is the best offer—
 
Except when it's not.
 
Case in point: My client Susan (the Downsizer who almost bailed on her home-selling plan) was presented with a decent-but-meh offer out of fear. 
 
I analyzed Buyer traffic reports to her home (showings, website and zillow traffic) and encouraged her to be patient. 
 
The next offer? $15,000 higher. A sanity-saving amount when you're on a fixed income.
 
That's the power of negotiation and a lot of experience in the market, not luck.
 
 
💰 Where Do You Stand?
 
I'm producing Spring Home Equity Updates for friends and clients that show your actual market value (not the algorithmic hallucination that Zillow spits out).
 
If you'd like one, GET IN TOUCH with a few details about your home (upgrades, condition, views, etc.), and I'll get it going. Totally free.

 

See you next Sunday 👋

-Jeremy "Bringing reality checks that don't bounce" Larkin

 

____________________________________________________

“St. George 101” - A nearly 200-year history of St. George and Washington County Real Estate, all in just 11 slides!

Spring 24/25 Home BUYING Guide

Spring 24/25 Home SELLING Guide

“Unchained” Podcast My passion project with renowned Ultra-runner Jen Lambert. If becoming “unchained” from the emotional, physical, and relational chains that prevent your greatness sounds like your cup-o-tea, give it a listen!

 

 

695 E Tabernacle St  St. George, UT 84770, USA

 

 

 

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If you are curious to hear more about us and what we can offer, don't hesitate to get in touch. We try to take care of all of the detailed and long processes and making home buying or selling super easy! Send us your brief and learn how we work.

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