On this Inside Real Estate episode, we had Darren Peterfi of Peterfi-Cantleberry Real Estate Team (eXp Realty) on the show. With over 25 years of experience in the industry, Darren is an expert in negotiations, system processes and operations. He talked about how the market appears to be calming down from a summer frenzy and more. Watch now!
With over 25 years of experience in the industry, Darren is an expert in negotiations, system processes and operations. Don't miss out on a valuable discussion.
Posted by Inside Real Estate on Wednesday, September 16, 2020
“Zillow puts out reports all the time. It talks about the average number of buyers per home. And it went from a high of 27.9 buyers per home at the height of this frenzy during the summer to now; it’s like 19.2. Now, with that said, I’m also noticing that the average price per home is going down, which is really ironic, in the marketplace right now where we were carrying a $272,000 average purchase price has now dipped below $200. These are a lot of first-time homebuyers buying homes now, where our previous clientele was second, third, fourth, fifth time. I think we’re at over 72% of our transactions right now are all first-time homebuyers.” – Darren Peterfi, Peterfi-Cantleberry Real Estate Team