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market report: Save $350.12 per sq ft and live here! - 04/24/12 08:37 PM
Save $350.12 per sq ft and live here!
Where is that you ask? Charleston, WV! A recent REALTOR.org article listed the Top 5 most affordable markets in the U.S. The per square foot cost for each of these Top 5 markets ranged from $62.45 up to $69.04. While Charleston, WV real estate did make the Top 5, isn't far off.
Using data from homes that SOLD from January 1 to March 31st, 2012, the median square footage was $70.87.
The median cost for a home during this same period was $126,550.
In addition to affordable real estate for sale, Charleston, WV also has … (3 comments)
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market report: Three Reasons Why This Market is Ideal for the Home Buyer - 02/10/12 12:14 AM
Much press has been devoted to the housing market and it’s seemingly bottomless free fall. Truth of the matter is, if you are financially able and considering buying a home, this market is ideal. Let’s explore three reasons why.
Interest Rates
Mortgage rates have plummeted to lows not seen in over 50 years. A Freddie Mac survey reports that a 15 year fixed mortgage is now 3.14%. If you were to obtain a mortgage for $150,000 four years ago, the payment would have been $1277.16. That same mortgage today would save you $231.16 a month. Over the life of the … (30 comments)
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market report: Dunbar WV Home Sales Report for December 2011 - 01/22/12 10:55 PM
Dunbar WV Home Sales Report for December 2011 indicates market is normal.
With an absoprtion rate of less than 4 months, the Dunbar WV real estate market is listed as normal.
Absorption is the rate at which it would take to sell all homes currently listed for sale in Dunbar.
Regardless of the current rate, home buyers for Dunbar WV real estate were able to receive some great deals. The median list price was $82,400 while the median sales price was $70,750!
Homes for sale in Dunbar, WV stayed on the market for a median time of 102 days.
The data … (2 comments)
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market report: Saint Albans WV Homes Sales show Buyers Market in December 2011. - 01/22/12 10:32 PM
Saint Albans WV home sales show Buyers Market in December 2011.
14 homes completed escrow in December 2011. Of the homes sold, the median list price was $88,200 with a median selling price of $85,000 and only remained on the market for 56 days.
The buyer's market was determined by using the absorption rate formula. With 122 active Saint Albans homes for sale, and with 14 sold real estate listings in December it would take 8.7 months to burn off or sale all listings on the market. Anything over 6 months is considered a Buyer's Market.
… (0 comments)
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market report: 2011 Charleston WV Real Estate Market virtually unchanged over 2010. - 01/11/12 09:23 PM
2011 Charleston WV Real Estate Market virtually unchanged over 2010. Charleston is the capital city of West Virginia, and the county seat of Kanawha. The Charleston area market is home to over 51,000 residents within the city limits and over 300,000 in the metro area.
Historically, the Charleston WV real estate market has been fairly stable, not given to wild ups and downs other markets experience. 2011 was no different.
SOLD LISTINGS
1232 listings completed escrow in 2011. This was a loss of only 10 over the 1242 homes sold in 2010. The last two years failed to reach the … (0 comments)
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market report: Market Report: South Charleston WV real estate moves quickly! - 12/31/11 06:53 PM
Market Report: South Charleston WV real estate moves quickly!
South Charleston WV homes for sale really fly off the shelf! The median days on the market for December 2011 was 35!
South Charleston, a suburb of the capitol city Charleston is easily accessible off the major interstates that snake their way through the valley. It has a small town feel to it, but with the amenities of cities twice its size.
The median price in December 2011 was $66,500, while during the same period last year it was $109,000. This was more of a lack of inventory than a depressed market.
… (2 comments)
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market report: Market Report: Cross Lanes, WV days on the market drops over 50%! - 12/31/11 06:38 PM
Market Report: Cross Lanes, WV days on the market drops over 50% in December 2011. If you are planning on selling your Cross Lanes, WV home, make sure you have your moving van ready!
According to Kanawha Valley Board of REALTORS data, the median days on the market dropped from 114 in 2010 to a mere 54 days in December 2011.
Not only will you be moving quicker, you will also be receiving more for your home! The median home sales price in December 2010 was $100,000. Cross Lanes, WV sellers received $21,950 MORE for home this month.
Cross Lanes is a suburb … (0 comments)
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market report: December 2011 Market Report: Teays Valley home sales up, median sales price sky rockets! - 12/31/11 05:54 PM
Market Report: Teays Valley, WV home sales up, median sales price sky rockets in December 2011.
40 Homes in Teays Valley, Hurricane and Winfield completed escrow in December. This was an 11% increase over December 2010.
The median sales price for homes jumped over 34% for December. In 2010, the median sales price for a Teays Valley home was $161,000. In 2011, the price was $215,950!
Teays Valley, Winfield and Hurricane make up the three major communities of Putnam County, WV. The area is largely unincorporated and is the second-fastest growing region in West Virginia.
While once a sleepy farm county, the … (0 comments)
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market report: Market Report: Putnam County WV homes for sale see 7% increase! - 11/30/11 01:58 PM
Homes for sale in Putnam County, West Virginia see a 7% increase in final sales price for November 2011. The communities of Teays Valley, Hurricane and Winfield reaped a median increase of $13,900 in the month of November versus the same period in 2010.
The median price for a 3 bedroom home in Teays Valley, West Virginia sold for $208,900. Thirty-seven homes completed escrow during this month, a gain of three over 2010.
Putnam County consists of three major communities, Teays Valley, Hurricane & Winfield, as well as many smaller ones. The area is largely unincorporated and is the second-fastest growing … (3 comments)
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market report: Market Report: October 2011 Cross Lanes WV Homes - 10/31/11 09:40 PM
Cross Lanes WV homeowners had a frightful time in October. Only 7 homes sold this month, while during the same period last year 9 homes completed escrow.
While the "largest un-incorporated city in America" saw a small decrease in sales, Cross Lanes, WV homeowners should not fear. The community is still a great place to live and the homes are always a good investment.
According to the multiple listing service, the average $166,642, or 91% of original price.
The homes also don't haunt the market, only staying on average for 81 days!
If you are looking to sale your Cross Lanes, WV … (0 comments)
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Dale Samples • REALTOR • Homes for Sale Charleston, West Virginia
Charleston,
WV
More about me…
304.741.4705 • www.dalesamples.com
Address: 5388 Big Tyler Road, Cross Lanes, WV, 25313
Office Phone: (304) 741-4705
Cell Phone: (304) 741-4705
Email Me
Dale Samples is a REALTOR serving the Charleston, WV Market. Blogging about real estate listings and homes for sale, as well as various other topics in Charleston, Cross Lanes, Teays Valley, West Virginia.
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