December 2024 Real Estate Market Update

December 2024 Real Estate Market Update

  • 01/6/25

"The joy of brightening other lives, becomes the magic of the holidays”

W. C. Jones

 

 

HAPPY HOLIDAYS!

 

As the year draws to a close, I want to express my heartfelt gratitude for your unwavering support and trust. Your confidence in my services has been the cornerstone of my success, and I am deeply thankful for your referrals and encouragement!

 

The relationships I’ve built with exceptional individuals like you, are the lifeblood of my business.

 

This year we were honored to assist many discerning families with their real estate needs, several investors to add to their investment portfolios and a handful of professional athletes to procure housing during their season here in Detroit!

 

More importantly, it's been such a privilege to assist multiple generations within families—helping parents, their children, and even their grandchildren navigate their real estate journeys.

 

Your continued referrals are invaluable to me, and the heart of my work is a steadfast commitment to serving both my clients and our cherished community.

 

Remember, I am always here to assist and through my global referral network, I can also assist you anywhere in the world with your real estate needs, so contact me fir

 

Wishing you a joyous holiday season and a prosperous new year.

 

xoxo ~ Candice

HELP I NEED YOUR TO VOTE!

 

I'VE BEEN NOMINATED AS BEST REAL ESTATE AGENT

IN HOUR MEDIA BEST OF DETROIT

 

INSTRUCTIONS ON HOW TO VOTE

IN ROUND ONE !

 

This is just Round 1 of nominations, and I need your help to advance! If I make it to Round 2, I’ll reach out again for your vote ;)

 

Here’s how you can VOTE:

 

1. Scroll down to the “Services” section and select Real Estate.

2. Enter my name in the Real Estate Agent spot.

3. Fill in your information.

4. Scroll to the bottom, check the “I’m not a robot” box, and hit Submit.

 

You should see a “Thank you for voting” message after submitting. If you don’t, please try again or resubmit!

 

I truly appreciate your support—thank you so much! 

 

LINK TO VOTE AT HOUR MEDIA

What does 2025 hold for the housing market?

 

The latest forecasts are in, and the numbers paint a complex picture for buyers, sellers, and real estate professionals alike. 

 

 

Home Sales Forecasts for 2025

Realtor.com’s 2025 forecast for existing home sales stands at 4.07 million—the lowest of all the analysts who’ve shared their updated projections for the coming year. Next up are Fannie Mae at 4.176 million and Wells Fargo at 4.187 million. 

Meanwhile, the National Association of Realtors (NAR) offers the most bullish forecast at 4.47 million, followed by Bright MLS at 4.4 million and Zillow at 4.3 million. 

 

 

Click to View the Full Article here:

 

BIG ANNOUNCEMENT:

Compass acquired @properties, Christie's International Real Estate 

 

 

The $444 million deal brings the 8th-largest brokerage firm into the Compass fold and represents the brokerage giant’s first major move into the global market.

 

Read The Article Here

 

DO'S & DON'TS OF SELLING DURING HOLIDAY SEASON

The holidays are fast approaching, and if you happen to be selling your home, there are some important ideas to keep in mind.

 

Before you go all out with the tinsel and lights, here are some useful tips and suggestions for homeowners to gain an extra selling edge during the holiday season.

 

The DOs of Selling Your Home During the Holidays

 

DO: Keep the holiday decorations simple

Decorating one’s home for the holiday is something that savvy sellers should be mindful of when listing their property for sale. And there are good reasons for it. One of the most important marketing tools when listing a house for sale is high quality photos, and holiday decorations add to visual clutter.

 

Additionally, the photos won’t age well if the home is still listed for sale into the spring months. So, save the inflatable snowman for next year and keep the décor tasteful and simple.

 

DO: Accentuate to sell

Display holiday decor strategically to accentuate your home’s best-selling features. Do you have a beautiful staircase? Hang garland along the railing. Or what about a stunning bay window? Display electric candles to light up the room.

 

DO: Keep up with winter landscaping

To boost curb appeal and give potential buyers a good impression of your home, take the opportunity to clean up fallen leaves and dead plants in the fall. Then, make sure your driveway, walkway and sidewalks stay shoveled or plowed in the winter. If you travel frequently or aren’t able to clear snow on your own, it’s worth it to pay a service to perform this duty for the time that your home is listed. It also makes for safe showings.

 

DO: Keep close tabs on your thermostat

During the winter season, it’s essential to keep an eye on your thermostat to ensure that the temperature inside your home is comfortable for potential buyers. Not only can a home that’s too hot or too cold be unwelcoming to buyers during showings; it may also lead them to believe there’s something wrong with the home’s HVAC system even if that’s not the case.

 

The DON'TS of Selling Your Home During the Holidays

 

Don’t: Decorate until the home is staged

Let the holiday decor be a subtle compliment to staging efforts, not the other way around. Before minimally decorating for the holidays, ensure the home is properly staged. Then, incorporate subtle nods to the holiday season.

 

Don’t: Ignore proportions

If displaying a tree is your tradition and you just can’t skip it, make sure its size is in proportion to the room. A large tree in the main living space may make the room appear smaller than it really is, so opt for a smaller decorative tree.

However, if you have tall ceilings or a two-story family room, a tall tree may positively accentuate the size of the room.

 

Don’t: Show a lifeless home

Winter showings are the perfect opportunity to help potential buyers envision themselves relaxing by the fire, enjoying a meal, or hosting a gathering. Arrange fresh evergreen on the mantle to highlight this focal point.

You can also set the mood with a simple inviting centerpiece on the dining room table and a spiced cider on the stove to help potential buyers envision their next holiday in the home.

 

Written by Bella Paredes @properties | Christie's Intl' Marketing Team

 
 

FEATURED HOMES FOR SALE

3766 CHATHAM PLACE

BRIGHTON, MI 48114

 

Beautiful and exquisitely crafted detached ranch condominium under construction at Hilton Cove in Brighton Township. The Alyssa is a ranch plan, with 2 bedrooms, 2 full bathrooms, great room, kitchen, nook, mudroom, and first floor laundry room...

 

 

 

CLICK HERE FOR FULL LISTING DETAILS

1486 CEDAR DRIVE

BIRMINGHAM, MI 48009

 

This nearly new custom-built masterpiece in downtown Birmingham blends luxury, comfort, and functionality. Completed just 2 years ago, this home offers over 4,600 sq/ft of living space with 5 bedrooms and 7 bathrooms (5 full & 2 half baths). The second level boasts 4 spacious bedrooms, each with its own en-suite, including a primary suite featuring a tray ceiling, spa-like bathroom with his & her vanities, makeup counter, a soaking tub, breakfast bar, and an expansive walk-in closet....

 

 

CLICK HERE FOR FULL LISTING DETAILS

260 BAREFOOT BEACH BLVD. BONITA SPRINGS, FL 33480

 

INDULGE IN UNPARALLELED SUNSET VIEWS FROM THIS SPECTACULAR D-UNIT PENTHOUSE IN NORTH NAPLES' COVETED BAREFOOT BEACH CLUB!

 

Rarely available, the stunning residence offers breathtaking, unobstructed Gulf views and is the only building on the bayside with West-facing balconies, ensuring spectacular sunsets over the Gulf of Mexico year-round, while also offering the unique advantage of sunrise views over the back bays... 

 

 

CLICK HERE FOR FULL LISTING DETAILS

399 CAMINO AL LAGO MENLO PARK, CA 94027

 

Newly Constructed in 2024, this exquisite modern residence in a coveted cul-de-sac near Atherton offers 5,017 sqft of unparalleled luxury on a 10,500 sqft lot. Designed with the finest modern sensibilities, the home seamlessly combines sophisticated style with practical living...

 

 

 

CLICK HERE FOR FULL LISTING DETAIL

 

HELP ME WIN ROAD TO ROLEX

IN 2025!!

 

I need your support to make THIS HAPPEN!

 

I've set this goal again for 2025- to win the prestigious Christie's Elite Road To Rolex Contest!!

 

Your referrals and business are crucial in helping me achieve this milestone. If you know anyone looking to buy or sell a home, please send them my way.

 

Every referral brings me one step closer to winning this incredible honor.

 

Thank you for your continued support and trust in me!

With 8 offices across the State of Michigan now, as well as a robust International network of highly vetted referral partners, remember I can assist you wherever your real estate needs may take you. 

 

Contact Me First!

 

 

Candice Rich, CNE®, CLHMS®

Global Luxury & Relocation Advisor

 

O: 248.724.6124

C: 313.218.5300

[email protected]

Candicerich.com

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Candice Rich Luxury Homes | 400 S Old Woodward Ste 100 | Birmingham, MI 48009 US

Constant Contact
 

Work with Candice

EXPERIENCE LUXURY SERVICE WITHOUT COMPROMISE Candice is a Top Producing Realtor, a skilled negotiator, and a former private practice Accountant. Her dedication to helping her clients achieve all their real estate needs is proven in her results.