George Martin, Jr. – Real Experience, Marketing and Results

At the beginning of 2012 George joined Hallmark Idaho Properties, Hailey – Sun Valley as the Marketing Director and Associate Broker. George participated in the alliance of Hallmark Idaho Properties with Cabela’s Trophy Properties creating a unique global marketing opportunity for seller’s we represent.

The move also allows George to dedicate more time to his passions of online marketing, professional photography and consulting those that need marketing help. George started his real estate career in 1975 in the Seattle area. In 1977 he received an award for his 1st “Million Dollar Month” when homes averaged apx $40,000. He is a Graduate of the Realtor Institute.

George has been in top 1% in nation for sales the majority of his career. The major focus while working in the Pacific Northwest was marketing and representing major building companies. George was associated with Windermere Real Estate in the Pacific Northwest starting in 1989 and moved to Wood River Valley in 2001.

Specialties:

George is a natural leader in the world of marketing. Having worked with various advertising agencies helping design effective marketing campaigns for new home communities to being self taught on designing and building websites for various Windermere offices and major builders, George understands what it takes to get maximum exposure in today’s worldwide market place. He also worked with leading Northwest Interior Designers to target specific buyer profiles when setting up model homes in new home communities he marketed.

George’s unique online marketing approach exposes properties to the vast market throughout the United States and beyond. Because a large percentage of local real estate sales are too people that live outside the immediate area, promotional programs are geared to very specific markets including California, Washington, Oregon and East Coast Markets.

Certifications & Awards:

A Graduate of the Realtor Institute George obtained his brokers license in 1977 and has received numerous top achievements, sales and marketing type awards. George has also been recognized as an award winning professional photographer, skills he uses on a daily basis marketing homes and products online. George studied photography with the New York Institute of Photography.

Interests:

Photography, computers, marketing trends, financing and economics, building and design, consumer behavior and self-improvement

Skills and Experience

Top Real Estate Broker, Trainer, Sales Manager and Marketing Agent for 35 Years

Successful Negotiator, Proven Track Record

Sold and Closed over 2,500 Home, Condominium, Farm and Land Transactions

Top 1% of Realtors in Nation for Majority of his Real Estate Career for Number of Homes Sold and Closed Each Year

Built and Sold A Variety of Spec. and Custom Homes (In partnership with his wife Lesley)

Creative Marketer:

Designed and Implemented Major Marketing Programs for Various Corporate Builders and Real Estate Companies in Greater Northwest

Fee Hired Consultant (design, marketing and strategies) including 2 Homebuilders listed on the New York Stock Exchange

Professional Photographer and Internet Website Designer

Computer Geek Since Late 70′s With Focus On Effectively Selling Online

Past Technical Adviser for Sun Valley Multiple Listing Service, Northwest Multiple Listing Service and the Windermere Corporation

Active Online Marketing Consultant for Various Associations, Networks, Groups and Real Estate Blogs

Group Leader on Various Online  Marketing and Networking Groups

It’s A Changing World – Constantly Striving To Stay Ahead of Competition Through Continuing Education

Visit our company website: HallmarkIdahoProperties.com

 

 

 

10 States With the Highest Foreclosure Rates – Idaho Ranks #5

For the 56th straight month, Nevada continued to have the highest foreclosure rate in the country, where one in every 118 homes received a foreclosure filing during August, according to the latest figures from RealtyTrac.

Nationally, 1 in every 570 households received a foreclosure filing in August.

Meanwhile, five states accounted for 53 percent of the foreclosure activity in August, led by California. In California, 59,383 properties received foreclosure filings last month. The state saw a 55 percent month-over-month increase in default notices.

[button link="bank-owned-reo"]CLICK HERE to search for Sun Valley bank owned properties[/button]

 

The following are the states that posted the highest foreclosure rates in August, according to RealtyTrac’s latest report:

1. Nevada 

One in every 118 households received a foreclosure filing during August.

Total foreclosure filings in August: 9,677

2. California

One in every 226 households

Total foreclosure filings in August: 59,383

3. Arizona

One in every 248 households

Total foreclosure filings in August: 23,569

4. Georgia

1 in every 346 households

Total foreclosure filings in August: 11,743

5. Idaho

1 in every 348 households

Total foreclosure filings in August: 1,860

6. Michigan

1 in every 349 households

Total foreclosure filings in August: 13,016

7. Florida 

1 in every 376 households

Total foreclosure filings in August: 23,569

8. Illinois

1 in every 424 households

Total foreclosure filings in August: 12,493

9. Colorado

1 in every 439 households

Total foreclosure filings in August: 4,933

10. Utah

1 in every 450 households

Total foreclosure filings in August: 2,119

SOURCE: Realtor Magazine

 

Million-Dollar Foreclosures Aren’t That Rare

Million-dollar homes aren’t escaping foreclosure, or the hefty price discounts that often come with it.

The number of homes in foreclosure that have mortgages that are $1 million or higher are nearly twice as high now as they were in 2007, representing about 2.3 percent of all homes in foreclosures, according to RealtyTrac.

[pullquote_right]“We’re seeing evidence in our data that the high-end market is starting to get hit more”[/pullquote_right]“We’re seeing evidence in our data that the high-end market is starting to get hit more,” says Daren Blomquist of RealtyTrac.com. “I think high-end home owners have a little more ‘padding’ to get through tough times if they experience a job loss or other trouble. But as the tough times continue, more and more of these home owners are succumbing to foreclosure.”

And the discounts on these million-dollar foreclosures can be steep. For example, an oceanside home in La Jolla, Calif., in foreclosure is selling for $25 million but will go up for auction on Sept. 28 — with the bidding starting at $16 million. Another foreclosed estate in Laguna Beach, Calif., just had a $1.95 million price reduction, with a new list price of $18 million originally the home was in escrow for $28 million in 2009 when it was under construction.

Pricey Homes Go to Auction

More high-end listings are finding their way onto the auction blocks in recent months. Not all are foreclosures, however, but some of these high-end homes come from highly motivated sellers who are tired of their homes lingering on the market.

For example, a seven-bedroom home on Mercer Island, Wash., will soon go up for auction after the seller has been unable to sell his home since 2009 first listing it at $32 million; then $28.8 million last year. Another property in Malibu, Calif., originally listed at $65 million, will also soon go up for auction with a minimum bid at $22 million — reportedly making it the highest-priced home ever to go up to auction.

Some sellers are accepting price cuts at auctions 50 percent off — or even more — just to have the peace of mind of a quick sale.

SOURCE: Realtor Magazine – Daily Real Estate News

Market Update – August 2011 Distressed Sales Graph

Below is a graph that shows the real estate activity in the Wood River Valley, i.e. Sun Valley, Elkhorn, Warm Springs, Ketchum, Hailey and Bellevue areas. The chart shows the percent of properties that are financially distressed properties, i.e. short sales and/or bank owned REOs. If you have any questions regarding the chart please feel free to call or email me.