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Category Archives: News

2021 GCAR REALTOR® of the Year

Jay Christiana Berkshire Hathaway HomeServices, Blake The GCAR Realtor of the Year Award recognizes individuals who have served not only the real estate profession in an exemplary manner but also in their communities. Each year a REALTOR of the Year Committee, which is comprised of the 5 past recipients, comes together to review nominees for this most honored recognition. The committee reviews civic activity, …

Blog, News Nov 18, 2021 0 Continue Reading

2021 GCAR Good Neighbor Award Winners

As a not-for-profit, the Greater Capital Association of REALTORS® understands the importance of garnering community support through monetary means and volunteers who contribute their time and effort towards the goals of the many organizations throughout the Capital Region. To recognize these organizations and the individuals who work for and with them, GCAR instituted a Good Neighbor Award program in 2019, a local program to …

Blog, News Nov 18, 2021 0 Continue Reading

Going, Going, Gone! In just 26 days….

Last month, a single-family sold just above 100 percent of the original list price in less than a month on market. That’s a reduction of 22 days over last September. A limited supply of housing and increased selling prices are keeping the Capital Region market hot. Homes are still selling at a brisk pace and listing prices continue to grow steadily over the previous …

Will Cooler Weather Bring A Cooler Market?

As fall hits the northeast cooler weather turns the leaves and often the real estate market. In the Capital Region competition remained strong last month impacting prices and inventory numbers. Pending sales were 1,177 a 31 percent change from August 2020. Closed sales slowed by 9 percent down to 1,352 from 1,485 in August 2020. Sellers contributed 1725 new listings into the mix for …

Code of Ethics Deadline is Approaching

Don’t forget to fulfill your Code of Ethics Training Requirement by Dec. 31st! As required for REALTOR® membership, all REALTORS® must complete at least 2.5 hours of ethics training that meets specific learning objectives and criteria. The current cycle deadline is Dec. 31, 2021. Why wait? Head to GCAR Membership Services to check your status and view training options today. Not sure if you …

Blog, News Sep 13, 2021 0 Continue Reading

GCAR is Awarded NAR Safety Program Reimbursement Grant

The goal of the NAR Safety Program Reimbursement Grant is to provide funding assistance to state and local REALTOR® Associations to help implement a safety program or feature for their members and to encourage ongoing awareness of REALTOR® Safety. GCAR was one of 23 associations in the country to be awarded the grant. On August 3, GCAR members worked with MHF Photography, a GCAR …

News Sep 13, 2021 0 Continue Reading

Capital Region’s Median Home Price Jumps – Again

Throughout the Capital Region, July’s real estate market continued to challenge buyers and motivate sellers. More than 1770 new listings came on the market and sold within an average of 28 days and obtaining 101.7 percent of the original list price. Greater Capital Association of REALTORS® president, Jeffery Decatur, of Re/Max Capital, stated, “Buyers looked to new construction for additional inventory but found only …

Demand for Housing Does Not Dampen

Despite the Capital Region experiencing one of the wettest summers on record demand for housing throughout the Capital Region remains strong. More than 1,200 properties sold last month at 38.8 percent more than last June with the existing single-family homes median sales price increasing by 18 percent to $265,000. The region’s new construction median sales price also increased, but by less than 10 percent …