Waterfront Home In Battle Lake - Lakefront Properties In Ottertail MN

Market News


 

March 2008 

Press Release

 

THREE RECEIVE CENTURION AWARD FROM CENTURY 21

 

 Tom Verhelst, CRS, Michelle Pearson, and  Alan Olson, Broker/Owner of Century 21 Vista, Inc.  recently earned the Century 21 System’s Centurion Producer Awards for their continuous sales success.

 

The Centurion Producer Award honors Century 21 System sales associates who sell in excess of 7 million dollars in real estate within a calendar year.  Only 2% of all Century 21 agents worldwide achieve this award.  These agents were presented with a Centurion Award statue and lapel pin, in addition to being recognized at the Century 21 System’s International Convention in Orlando, Florida. 

 

“Tom, Michelle and  Alan have over 70 years of combined experience in the real estate industry and are leaders and innovators in delivering powerful home buying and selling choices to their clients because they are so knowledgeable about the communities they serve,” said Barb Ecker, Office Manager.  “These agents are a valued and trusted resource for the Fergus Falls community and major contributors to the overall success of Century 21 Vista.”

 

 


 

 

 

 

March 2008 

Press Release

 

“BUSINESS AS USUAL” IN FERGUS FALLS, REALTOR OLSON SAYS; REPORTS 10 PERCENT GROWTH IN 07; PREDICTS MORE FOR 08.

In One Local Market, Broker Says Real Estate Business Is Stable

Orlando, FL  March 7, 2008 – Throughout the ongoing housing slump, real estate officials have preached that their business is local, and that pockets of the country were performing well despite the national figures to the contrary.  One of those pockets of success is Otter Tail County, MN.

“It’s pretty much business as usual.  Sales are quite good,” said Alan Olson, a veteran Century 21 Broker, from the Century 21 International Convention in Orlando.  “Our business is up ten percent.  And I owe it to the fact the national media is saying things are terrible.  It’s going quite well for us.”

 

Being 180 miles northwest of the Twin Cities, “we’re somewhat isolated from the big swings both up and down because we’re a rural area and quite stable.” Olson said in describing why his particular area is faring well.  “We haven’t had huge inflation and consequently we don’t lose a lot either.”

 

Olson, a self-described Pollyanna, echoed what many other real estate experts have said, namely that if a person is willing to sell their home for a “bit less” than they thought it was worth, there are plenty of bargains to be had.  Someone selling in Otter Tail County and moving to the Twin Cities would make out quite well, he said, “because you would sell high and buy low.”

 

But Olson acknowledges that in many regions of the country the real estate market is not as vibrant as his.  “There are areas that are suffering and areas that are booming,” he said.  “It’s strictly local,” saying Otter Tail County real estate is stable, despite projections nationwide that home prices would fall from 6 to 7 percent this year.

 

In fact, Olson sees another profitable year for his business.  “From what I’ve seen in the last 4 months, our market is going to grow, he said.  “I feel I’ll be looking at another ten to 15 percent increase in 2008”.


 

November 12, 2007

PRESS RELEASE

 

REAL ESTATE SALES STABLE

 

National averages do not reflect market conditions for real estate in Otter Tail/Grant county anymore than average national temperatures reflect our average temperatures!  While the headlines blare  REAL ESTATE SALES ARE DOWN, the sales in Otter Tail/Grant county continue to be identical to last year.  “In fact, we at Century 21 Vista just ended our fiscal year with an increase in sales of 6%,” according to Alan Olson, Broker/Owner of Century 21 Vista.

 

The headlines do have an upside for our local area real estate sales, however, in that as a result of a lack of consumer confidence in the state of Minnesota, we have a good supply of homes for sale. And, that lack of confidence has also put downward pressure on pricing.  Lower prices and inventory is what consumers want.  “It is a very good time to buy and sell real estate here,” according to Olson.

 

Tom Kunz, President and CEO of Century 21 International, stated in San Juan, Puerto Rico on October 22nd to a select group of Brokers at which Alan Olson was present that we now have the best inventory and value in years, low mortgage interest rates, low unemployment and increased incomes of 3-4%.  It is those key factors, according to Olson, that has kept the Otter Tail/Grant county real estate sales so stable.

 

The outlook:  sales to year around residents will continue to be strong.  Sales of property to non-year around residents will be affected by national trends.

 


Alan Olson