Kite Team

How Has the Market Changed in the Last 4 Years?

Here’s what you need to know about the latest statistics from 2021.

 

It’s hard to believe we’re already in 2022! Many people take the new year as an opportunity to reflect, and we want to do the same. We’ve pulled three important market statistics from 2021 so we can do year-over-year comparisons all the way back to 2018. 

 

The first stat we want to look at is the months’ supply of homes. This number measures inventory, and it refers to the number of months it would take for every home currently listed to sell. In 2018 we had 3.2 months’ supply of homes, in 2019 we had 3.2, in 2020 we had 2.1, and in 2021 we had 1.2. Keep in mind that six months of supply is considered a balanced market, so these numbers are crazy. We expect these numbers to climb slightly soon since people will be preparing their homes for the spring. 

We can see a big difference between our pre- and post-pandemic markets.

Next, let’s take a look at the average sales price. In 2018 it was $290,000, in 2019 it was $299,000, in 2020 it was $336,000, and in 2021 it was $366,000. Just like with months’ supply of homes, we can see a big difference between our pre-and post-pandemic markets. It will be interesting to see how much homes appreciate this year. 

 

The last statistic we want to talk about is the average days on market, and it measures how long it takes a property to sell. In 2018 it was 86 days, in 2019 it...

Kite Team Embraces the Keller Cloud

Keller Williams is making huge moves towards technology and we are very excited about it! The Keller Cloud is going to be the only platform to run your entire business. This platform has been tested with over 6,000 agents and has been created by impeccable designers and software developers to ensure a great experience for agents and clients

Keller Williams is making technology its biggest priority and changed the business model to selling “coaching, training, and technology” to its agents.

The system will be rolled out in stages and part of it will even be coming in the next week. By creating their own platform, Keller Williams will be less dependent on other technology companies and will let them have more control on what happens internally.

A goal that Keller Williams has for this platform is to make the technology experience dramatically simpler, making it “the world’s simplest and most personalized discovery, transaction and ownership experience in residential real estate.”

Kelle is your personal assistant, she is Keller Williams artificial intelligence to help you with everything across the Keller Cloud. She is voice controlled and will provide 24/7 assistance for every single agent. The Keller Cloud will be able to simplify an agent’s day to day needs to make running their business easier. 

By creating one platform agents and clients will not have to figure out a bunch of different systems to find their dream home or sell their home.

Ultimately agents will be able to manage their entire business from one dashboard.  Keller Williams recognized a need by their agents because they were overwhelmed with technological problems that slowed them down in their work. Therefore,...

3D Virtual Tours For Real Estate With Matterport

3D Virtual Tours For Real Estate With Matterport

Grayslake, IL December 13, 2016 – (AmyKite.com) Chicago Realtor Amy Kite, founder and CEO of the Kite Team of Keller Williams Realty Infinity recently employed virtual reality, powered by Matterport, into the marketing of the team’s properties for sale.

A Matterport virtual tour, or a 3D tour, is a complete three-dimensional view of a property. You can travel through and experience the property as if you were there. The 3-D models are photographed using The Matterport camera that rotates 360 degrees. This special camera is placed in multiple locations in every room of the property. High-tech sensors capture the look and scope of the property while simultaneously calculating dimensions in order to render complete 3-D models.

“The Matterport tour with the dollhouse view is unlike any other virtual tour of a property. It brings the listings to life benefitting both buyers and sellers whose properties can be toured 24 hours a day at no inconvenience to them,” said Michael Linton, VP of Technology for The Kite Team. “Our Team is proud to be at the forefront in utilizing this cutting-edge technology.”

The 3-D walkthroughs allow potential homebuyers to manipulate 3-D models of property interiors, virtually move through rooms and hallways and spin views 360 degrees at points throughout the property.

Matterport virtual tours are a definite game changer when it comes to marketing Chicago area real estate.

Matterport virtual tour...