The Leaderboard

A lot of juniors participated in golf this week during Bent Tree’s Youth Fest. It’s possible that a future champion was introduced to golf during this time.

On a related note, fingers crossed for Luke List during the weekend rounds of this year’s John Deere Classic.  List, who lived and played golf in Bent Tree as a youngster, was in the lead after yesterday’s round.

Click here to link to the Leaderboard; several video highlights of Luke’s second round are available for viewing.

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1996 Bent Tree newsletter article

1996 Bent Tree newsletter article

A Seller’s Market

As of yesterday afternoon, there were only three Bent Tree homes listed for sale that weren’t “under contract” or “pending”.

Here’s the explanation of a seller’s market from the Rocket Mortgage website:

What Is A Seller’s Market?

A seller’s market arises when demand exceeds supply. In other words, there are many interested buyers, but the real estate inventory is low. Since there are fewer homes available, sellers are at an advantage.

In a seller’s market, homes sell faster, and buyers must compete with each other in order to score a property. These market conditions often make buyers willing to spend more on a home than they would otherwise. Therefore, sellers can raise their asking prices. Furthermore, the increased interest means that buyers rarely have the power to negotiate and are more willing to accept properties as-is.

Due to the shortage of housing, these conditions often lead to bidding wars. During bidding wars, buyers will make competing offers and drive up the price, typically above what the seller initially asked for.