market conditions: Expect More Out Of Life In Canmore - 06/20/08 10:27 AM
As I put together the final pieces for this month's newsletter, I do so with a heavy and saddened heart. I have just returned from the funeral of an acquaintance, business and a former Canmore Rotarian, Bob Schott. Bob passed away last week at the young age of 56. Cancer took … (0 comments)
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market conditions: Updates on Rates - 06/20/08 09:58 AM
The market is still commanding a premium on Mortgage Backed Securities relative to 4 weeks ago - the talk of inflation has investors on the sideline forcing rates up.
However, this morning we are enjoying the lowest rate of the last 2 weeks. We aren't back to the mid-5's but it … (0 comments)
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market conditions: Increased Incentives Carry Challenges - 06/20/08 09:37 AM
Today the Tennessean is reporting about the increased and unusual incentives being offered by sellers. (see the link below) One builder is offering a car or a trip or a year's tuition to Vanderbilt. Sounds great!
But buyers need to be aware that such incentives will likely reduce the amount that … (3 comments)
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market conditions: So where is the market today???? - 06/19/08 09:27 PM
For those of us who have been holding out in the tough real estate market I guess the answer to that questions would be that the market is better today than it was yesterday. This is not to say that the market has rebounded completely or we are on a stable … (4 comments)
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market conditions: Tucson Real Estate Market Report- June 2008 - 06/19/08 02:57 PM
Well, we have reached the dog days of summer, the time each year when I question my sanity for living in this sun scorched city. As I eagerly await the arrival of the monsoons and the cooling temperatures that they bring, I will take a minute to talk about what is … (0 comments)
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market conditions: Market Report - Henderson Co., NC - 06/19/08 09:00 AM
In an earlier post, I reviewed the market conditions in Transylvnia County, North Carolina. Transylvania County is best known for Brevard, Pisgah Forest, Connestee Falls, Sapphire, Lake Toxaway, and other popular communities.
Today I want to take a look at Henderson County which is east of Transylvania and includes Hendersonville.
Both … (0 comments)
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market conditions: Yorkville, Oswego, Montgomery Real Estate - 06/18/08 07:15 PM
Yorkville Real Estate Market 6/18/08Homes for sale 378. Condos and townhomes for sale 108. Homes sold in the past two months 16. Condos and townhomes sold in the past two months 3.
Oswego Real Estate Market 6/18/08Homes for sale 357. Condos and townhomes for sale 148. Homes sold in the past two months … (0 comments)
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market conditions: Where have the Buyers Gone????? - 06/18/08 06:18 PM
After 21 year in this business I have to ask if the internet, 24 hour news channels, cell phones, text messages and every other form of instant communication has contributed to this highly unusual real estate market.
In a earlier blog post I noted that vacant waterfront prices are stable in … (5 comments)
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market conditions: Get a Great Deal on a Home - 06/18/08 06:06 PM
You can find great deals anywhere, and Southern Scottsdale is no exception. There are some homes on the market at very competitive prices. A single family detached home with 3 bedrooms under $200,000 is generally considered a great deal in the area. Here's the problem: They sell quick. While these deals are becoming more … (0 comments)
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market conditions: Phoenix Real Estate Blog: The Foreclosure Bus Tour Idea is Catching On - 06/18/08 03:26 PM
We’ve been doing it here for a while. Since Phoenix is one of the nation’s foreclosure hotspots (primarily due to the speculator-driven over-inflation of home prices and subsequent overbuilding – for more, check out last year’s blog “What’s behind the foreclosure crisis”), we’ve been helping first time and seasoned homebuyers, as … (0 comments)
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market conditions: Death of a Short Sale - 06/18/08 02:17 PM
It was a cute home. A nice cape-style home on a private lot. It was affordable. It needed some work, but not too much. It was priced accordingly. It was a short sale - the owners owed more money on the home than it was worth.
We quickly received two offers. … (12 comments)
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market conditions: FHA Loans - Mortgage Insurance Changes - 06/18/08 10:15 AM
Changes to FHA Mortgage Insurance are right around the corner. Please get your clients to application BEFORE July 14th in order to enjoy the current 1.5% Upfront Premium and .5% Monthly for all borrowers. After July 14th, FHA will istitute a risked based Mortgage Insurance schedule - outlined below.
Please note … (1 comments)
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market conditions: Market Report - 06/17/08 04:43 PM
Our regional MLS Board recently launched a regional website. From what I can tell, there is some confusion about its purpose and I'm sure it's going to be a work in progress for a while. But, on my first visit, I found some pretty interesting stuff. If you like graphs and … (0 comments)
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market conditions: Thousand Oaks CA- Historical Sales Data- From Carol Lee, Coldwell Banker Westlake - 06/17/08 12:33 AM
THOUSAND OAKS CA- HISTORICAL SALES DATA- Brought to you by CAROL LEE, AGOURA, OAK PARK, WESTLAKE VILLAGE CA REAL ESTATE
Apparently I am still crunching numbers these days. There continues to be talk of whether we are at the bottom yet (who knows?) and where the market is headed (another … (2 comments)
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market conditions: Market Comment - June 16 - 06/16/08 09:39 AM
… (1 comments)
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market conditions: Merging and Franchising - Sounds like a Win-Win! - 06/15/08 05:23 PM
Business decisions as of lately have felt more strategic and more risky. Recently my business partners and I made the decision to merge our smaller, franchised real estate office with a larger, independent office while at the same time affiliating with an entirely new franchise (did you catch all that?!?!?). Considering … (2 comments)
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market conditions: 6 Offers First Day Listed in Lafayette, Indiana! SOLD! - 06/14/08 09:44 PM
We received 6 offers the first day this home hit the market! It ended up selling for several thousand above list price! Who said the real estate market is bad???? They obviously haven't talked to Your Real Estate Specialists Group!
• 2,950 sq. ft., 3 bath, 3 bdrm bi-level - … (0 comments)
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market conditions: Silverdale Real Estate Market - May 2008 - 06/14/08 08:21 PM
Homes in Silverdale were selling for a YTD median price of about $305,000 at the end of May, up less than a percent from a year ago. The YTD median rose about 4% from its value last month after falling significantly the previous two months. The May median closed sale of … (0 comments)
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market conditions: Poulsbo Real Estate Market - May 2008 - 06/14/08 08:20 PM
Statistics we refer to are for that part of Poulsbo encompassing the downtown core, from the head of Liberty Bay southeast to Ne-Si-Ka Bay, including parts north to Sawdust Hill Rd. The market for other parts of Poulsbo and its suburbs should have approximately similar trends. Homes in Poulsbo were selling … (0 comments)
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market conditions: North Kitsap Real Estate Market - May 2008 - 06/14/08 08:19 PM
Using the example of Kingston - the largest housing market in North Kitsap - homes were selling for a median price of about $340,000 at the end of May, down about 11% from a year ago and down about 18% from last month. Kingston prices fluctuate more than some of the … (0 comments)
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market conditions: Bremerton Real Estate Market - May 2008 - 06/14/08 08:16 PM
Statistics we refer to are for that part of Bremerton encompassing the downtown core and west to Kitsap Lake. The market for other parts of Bremerton and its suburbs should have approximately similar trends. Homes in Bremerton were selling for a YTD median price of about $178,000 at the end of … (0 comments)
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market conditions: Bainbridge Island Real Estate Market - May 2008 - 06/14/08 08:13 PM
Residential homes on Bainbridge Island were selling for a YTD median price of about $640,000 at the end of May, a drop of 1.5% from a year ago. The May YTD median price for closed sales was about half a percent lower than last month's median price; however, it is noteworthy … (0 comments)
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market conditions: Frisco Colorado Market Conditions. A Comparison from 2005 to 2008 - 06/14/08 02:22 PM
Every time I open my home page (Yahoo), I can usually find an article that highlights the doom and gloom of the real estate market. Just today I read an article that some markets across the nation, like Phoenix, Las Vegas and Sacramento, can expect real estate prices to fall to … (0 comments)
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market conditions: Edmond Oklahoma’s Market Conditions - 06/13/08 01:27 PM
Edmond has been growing at a very positive rate for over 20 years. Home sales in Edmond are still above national average, showing that Edmond can hold its own in a struggle.
The market conditions here stay above the rest of the country because of a strong economy that's petroleum-based, great … (0 comments)
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market conditions: The Scary Side of High Rises in Phoenix - 06/13/08 10:04 AM
There are several large high rise condo buildings about to complete construction and "be delivered" in the next several months in Phoenix and Tempe. These are all gorgeous projects and we're excited to see them completed. We also believe that they will truly add to the urban experience in the Valley … (4 comments)
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market conditions: The Real Numbers on Foreclosures - 06/13/08 09:08 AM
To say that I'm tired of the media's constant negative coverage of the Real Estate Market is an understatement. As a former journalist, I'm disgusted by the coverage.
Case in point is today's numbers from RealyTrac (a firm that makes money by helping people location foreclosures - not exactly an impartial … (4 comments)
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market conditions: Year-to-date Sales for Wilson County, Tennessee - 06/12/08 01:50 PM
I send out a regular update to my SOI providing them an update on residential activity for Wilson County, TN. The chart below give this information for January 1-May 31, 2008. I thought it was interesting in that, if you compare it to the same criteria for 2007, the AVG LP … (3 comments)
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market conditions: Current Market Conditions - 06/12/08 11:22 AM
Being an owner/broker of a small real estate company in a rural area of Virginia, I hear people complaining all the time about the lost of value in their property. I took it upon myself to research and see how much of a lost (percentage) this area has seen over the … (0 comments)
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market conditions: Selling Our Lafayette and West Lafayette Real Estate Market! FAST! - 06/12/08 08:30 AM
Yeah! Our local Lafayette & West Lafayette real estate market keeps getting better & better!
Your Real Estate Specialists Group sold 4 homes yesterday, and received an offer on another listing that is going through negotiations. Can you believe it?!?!?! One home sold for $4,000 over list price! The other homes sold … (0 comments)
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market conditions: Sacramento County - Pendings UP! Closed Sales UP! Inventory DOWN!! - 06/11/08 11:54 PM
Demand in Sacramento County is remaining consistent...inventory is decreasing. In Sacramento County as a whole, based on these figures there is 4.8 months of inventory on the market currently. 6 months of inventory is regarded as a market with buyer/seller equilibrium...hmm...Couple other stats...REO's represent a large percentage of the inventory and … (0 comments)
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market conditions: Is now a good time to buy? - 06/11/08 06:22 PM
That's the big question, here is a small answer:
I am going to focus on the decision of buying in todays market for "George". George wants to live in Southern Scottsdale, AZ and has a steady income of $40,000 a year. He has saved up $20,000 to put as a down payment on … (2 comments)
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market conditions: New Milford, CT - May, 2008 Real Estate Market Report - 06/11/08 06:20 PM
New Milford, Connecticut Real Estate Update May, 2008
Closed home sales in New Milford, Connecticut:
Single Family Homes:There were 19 single family home sales closed in New Milford, CT.List Prices ranged from $149,900 - $599,900.Closed Sales Prices ranged from $182,000 - $565,000.
The average closed real estate sales price for single family homes in … (0 comments)
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market conditions: Brookfield, CT - May, 2008 Real Estate Market Report - 06/11/08 06:08 PM
Brookfield, Connecticut Real Estate Update May, 2008
Closed home sales in Brookfield, Connecticut:
Single Family Homes:There were 17 single family home sales closed in Brookfield, CT.List Prices ranged from $339,500 - $825,000.Closed Sales Prices ranged from $305,000 - $780,000.
The average closed real estate sales price for single family homes in Brookfield was $455,582.The median … (0 comments)
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market conditions: Danbury, CT - May, 2008 Real Estate Market Report - 06/11/08 05:49 PM
Danbury, Connecticut Real Estate Update May, 2008
Closed home sales in Danbury, Connecticut:
Single Family Homes:There were 17 single family home sales closed in Danbury, CT.List Prices ranged from $139,500 - $949,000.Closed Sales Prices ranged from $133,000 - $757,500.
The average closed real estate sales price for single family homes in Danbury was $383,941. The median … (0 comments)
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market conditions: Sherman, CT - May, 2008 Real Estate Market Report - 06/11/08 04:54 PM
Sherman, Connecticut Real Estate Update May, 2008
Closed home sales in Sherman, Connecticut:
There were 4 home sales closed in Sherman, CT.List Prices ranged from $549,000 - $2,100,000.Closed Sales Prices ranged from $502,500 - $1,745,000.(Two of these homes were waterfront properties)
On average, these homes sold for 88.6% of their final list price.
… (0 comments)
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market conditions: New Fairfield, CT - May, 2008 Real Estate Market Report - 06/11/08 03:32 PM
New Fairfield, Connecticut Real Estate Update May, 2008
Closed home sales in New Fairfield, Connecticut:
There were 8 home sales closed in New Fairfield, CT.List Prices ranged from $179,900 - $3,660,000.Closed Sales Prices ranged from $174,000 - $3,000,000.
The average closed real estate sales price for New Fairfield was $808,937.The median closed real … (0 comments)
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market conditions: Looking Up in Sacramento, CA - 06/11/08 01:48 PM
Good Morning Breakfast Lovers!
While they are about as much fun as dental surgery, at least Buyers are coming back.
As properties in the area have become more affordable, buyers are lapping up homes at an astounding rate. The number of listings has dropped across the board; down about 40% from … (0 comments)
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market conditions: Orlando Florida Market Conditions - 06/11/08 12:30 PM
As buyers sit on the sidelines in the housing market -- how does the rental market fair? The two markets are more closely related than some may think. Both are strongly affected by local and national economic trends.
The recent downturn may be affecting speculators and investors as well as homebuyers. … (1 comments)
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market conditions: Orlando Florida Market Conditions - 06/11/08 10:10 AM
As buyers sit on the sidelines in the housing market -- how does the rental market fair? The two markets are more closely related than some may think. Both are strongly affected by local and national economic trends.
The recent downturn may be affecting speculators and investors as well as homebuyers. … (0 comments)
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market conditions: May Real Estate Stats for Ada County - 06/11/08 09:54 AM
As with most areas of the country, Treasure Valley is experiencing a buyer's market in real estate. We are seeing increased sales every month year to date. Sales up 11% in May over April. Average cost of a home sold in May was $244,282, a decrease of 2% from April and a … (0 comments)
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market conditions: Orlando, Windermere Florida Market Conditions - 06/11/08 09:43 AM
As buyers sit on the sidelines in the housing market -- how does the rental market fair? The two markets are more closely related than some may think. Both are strongly affected by local and national economic trends.
The recent downturn may be affecting speculators and investors as well as homebuyers. … (0 comments)
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market conditions: Phoenix Metro - Market Condition Reports, May 2008 - 06/10/08 05:05 PM
* Phoenix is divided into smaller areas - North Phoenix, South Phoenix and Central Corridor.
** Scottsdale as North Scottsdale and South Scottsdale (reports by zip code are also available).
… (0 comments)
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market conditions: 1 Year Sales Activity - May - 06/10/08 01:52 PM
Here is a graph showing the number of home sales in Southern Scottsdale each month over the last year:
There is good news and bad news...
The bad news is that sales (on a typical year) in May should be at about 160. We are currently at 103. Houses are … (0 comments)
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market conditions: Reviewing Yesterday's Bernanke's Comments - 06/10/08 10:00 AM
BOTTOM LINE: Speaking last night, Bernanke noted that the economy is still fragile with downside risks to inflation and upside ones to growth. He notes risks to the upside on inflation from the continued increases in the price of oil. Greatest concern, and strongest language, devoted to the possibility of inflation … (1 comments)
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market conditions: A Real Estate Market Perspective - 06/10/08 09:59 AM
I've been thinking a lot about perspective these days. After all, how we look at things colors what we do next. It's been way too hot in the Brevard area this past week. But coming out of Florida, I remember all too well those nights when it was 85 degrees with … (1 comments)
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market conditions: Comparing the Competition in the Local Mortgage Broker Market - One Loan Officer's Opinion - 06/10/08 09:44 AM
Comparing the Competition in the Local Mortgage Broker Market
Recently I chose to have conversations with some of my local competitors in the Albuquerque Metro Area. I guess you could say curiosity had gotten the best of me, and as all humans tend to do at one time or another, I … (0 comments)
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market conditions: Vacation - 06/10/08 06:42 AM
Good Morning fellow Active Rainers:
Took some time to vacation in sunny south Florida, but not without bringing my work with me. I had to look up a sister ERA company yesterday to fax a document to a bank. It was very interesting experience.
Let's just say I'm not ready to … (5 comments)
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market conditions: Real Estate Inventory - June - 06/09/08 05:25 PM
So how many homes are currently for sale in Southern Scottsdale, and how does this effect values? Well, let's take a look:
As of today, there are 993 active listings in Southern Scottsdale. In May, 103 properties sold. If no more homes were put on the market after today, it would take 9.6 months, for … (0 comments)
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market conditions: Marin County and Southern Sonoma County Real Estate Market Conditions Update for May 2008 - 06/08/08 10:42 AM
… (0 comments)
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market conditions: Sonoma, CA Real Estate Market Conditions Update ~ May 2008 - 06/08/08 10:37 AM
As of June 7, 2008 15% of available listings in the beautiful wine country town of Sonoma are in escrow. Ahh, it is a beautiful town - with great restaurants!
For the month of May 2008 an encouraging 36 homes sold in this town for an average final selling price of … (0 comments)
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market conditions: Petaluma, CA Real Estate Market Conditions Update ~ May 2008 - 06/08/08 10:34 AM
As of June 7, 2008 33% of available homes in Petaluma are in escrow. This is very encouraging.
For the month of May 2008 (another encouraging number) 34 homes sold in Petaluma for an average final selling price of $608,176.
The range of final selling prices was from a low of … (0 comments)
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market conditions: Marin County, CA Real Estate Market Conditions Update ~ May 2008 - 06/08/08 10:30 AM
As of June 7, 2008 21% of available listings in Marvelous Marin County are in escrow.
For the month of May 2008 200 homes sold in Marin County for an average final selling price of $1,287,204.
The range of final selling prices was from a low of $192,000 (for a condo … (0 comments)
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market conditions: Tiburon, CA Real Estate Market Conditions Update ~ May 2008 - 06/08/08 10:26 AM
As of June 7, 2008 10% of available listings in Tiburon are in escrow.
For the month of May 2008 14 homes sold in Tiburon for an average final selling price of $1,500,199.
The average original asking price of these homes was $1,534,714.
The range for final selling prices was from … (0 comments)
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market conditions: Sausalito, CA Real Estate Market Conditions Update ~ May 2008 - 06/08/08 10:24 AM
As of June 7, 2008 20% of available listings in Sausalito are in escrow.
For the month of May 2008 12 homes sold in Sausalito for an average final selling price of $1,298,167.
The average original asking price of these homes was $1,379,250.
The range of final selling prices was from … (2 comments)
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market conditions: May Market Conditions for Platte County - 06/07/08 04:55 PM
I continuously monitor local real estate statistics to keep my clients informed and ahead of the real estate trends. Below you will find real estate statistics for the South Platte County area for the month of MarchNew homes on the market: 175Total homes Active on the market: 759Average Listing Price: $266,995
Number … (0 comments)
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market conditions: April Market Conditions for Platte County - 06/07/08 04:49 PM
I continuously monitor local real estate statistics to keep my clients informed and ahead of the real estate trends. Below you will find real estate statistics for the Platte County area for the month of April 2008New homes on the market: 236Average Listing Price: $225,303
Number of homes sold: 93Average Sales Price: $227,431Number … (0 comments)
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market conditions: San Rafael, CA Real Estate Market Conditions Update ~ May 2008 - 06/07/08 01:06 PM
As of June 7, 2008 22% of available listings in San Rafael are in escrow.
For the month of May 2008 52 homes sold in San Rafael for an average final selling price of $798,318.
The average original asking price of these homes was $839,542.
The range of final selling prices … (2 comments)
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market conditions: San Anselmo, CA Real Estate Market Conditions Update ~ May 2008 - 06/07/08 01:00 PM
As of June 7, 2008 20% of available listings in San Anselmo are in escrow.
For the month of May 2008 10 homes sold in San Anselmo for an average final selling price of $1,565,350.
The average original asking price of these homes was $1,628,100.
The range of final selling prices … (2 comments)
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market conditions: Ross, CA Real Estate Market Conditions Update ~ May 2008 - 06/07/08 12:49 PM
As of June 7, 2008 19% of available listings in Ross are in escrow.
For the month of May 2008 5 homes sold in Ross for an average final selling price of $4,003,000.
The average original asking price of these homes was $4,006,000.
The range of final selling prices was from … (0 comments)
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market conditions: Novato, CA Real Estate Market Conditions Update ~ May 2008 - 06/07/08 12:43 PM
As of June 7, 2008 25% of available listings in Novato are in escrow.
For the month of May 2008 34 homes sold in Novato for an average final selling price of $715,276.
The average original asking price of these homes was $798,264.
The range for final selling prices was from … (0 comments)
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market conditions: Mill Valley, CA Real Estate Market Conditions Update ~ May 2008 - 06/07/08 12:33 PM
As of June 7, 2008 25% of available listings in Mill Valley are in escrow.
For the month of May 2008 thirty homes sold in Mill Valley for an average final selling price of $1,588,567.
The average original asking price of these homes was $1,724,177.
The range in final selling prices … (0 comments)
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market conditions: Larkspur, CA Real Estate Market Conditions Update ~ May 2008 - 06/07/08 12:28 PM
As of June 7, 2008 13% of available listings in Larkspur are in escrow.
For the month of May 2008 six homes sold in Larkspur for an average final selling price of $1,541,667.
The average original asking price of these homes was $1,631,483.
The range in these final selling prices was … (0 comments)
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market conditions: Kentfield, CA Real Estate Market Conditions Update ~ May 2008 - 06/07/08 12:20 PM
As of June 7, 2008 31% of available listings in Kentfield are in escrow.
For the month of May 2008 4 homes sold in Kentfield for an average final selling price of $2,932,500.
The average original asking price of these homes was $2,947,500.
The range of final selling prices was a … (0 comments)
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market conditions: Greenbrae, CA Real Estate Market Conditions Update ~ May 2008 - 06/07/08 12:14 PM
As of June 7, 2008 19% of available listings in Greenbrae are in escrow.
For the month of May 2008 5 homes sold in Greenbrae for an average final selling price of $1,161,000. This was slightly higher than average original asking price of $1,155,150.
The range of final selling prices was a … (0 comments)
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market conditions: Fairfax, CA Real Estate Market Conditions Update ~ May 2008 - 06/07/08 12:07 PM
As of June 7, 2008 14% of available listings in Fairfax are in escrow.
For the month May 2008 6 homes sold in Fairfax for an average final selling price of $814,417.
The average original asking price of these homes was $864,333.
The range of final selling prices was a low … (0 comments)
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market conditions: Corte Madera, CA Real Estate Market Conditions Update ~ May 2008 - 06/07/08 11:59 AM
As of June 7, 2008 24% of available listings in Corte Madera are in escrow.
For the month of May 2008 11 homes sold in Corte Madera for an average final selling price of $1,354,864.
The average original asking price of these homes was $1,411,636.
The range of final selling prices … (0 comments)
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market conditions: Market Conditions in Lafayette & West Lafayette, Indiana - 06/07/08 11:05 AM
We're proud to announce that we've already sold
64 HOMES so far this year!
We are busy, and homes are selling? Several of our listings have sold in 1 week this year! We're excited to see that our local Lafayette & West Lafayette Indiana market is remarkable!
… (1 comments)
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market conditions: Choosing the right Real Estate Company to list your home - 06/06/08 08:10 PM
If you are thinking about selling but are confused by what you hear in the media...you are not alone! Listening to the news and reading the paper has gotten everyone thinking that real estate sales have come to a halt!
This is absolutely NOT TRUE! I know, you are thinking..."Well she … (1 comments)
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market conditions: I've been quoted in an Associated Press article about Foreclosures!! - 06/06/08 04:21 PM
Last week I was interviewed by a journalist with the Associated Press. I get interviewed about once a week because of my high search engine rankings, but this is the first time I have actually been quoted in an article...at least that I actually know of! The journalist mis-quoted me a … (8 comments)
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market conditions: All Real Estate is Local - 06/06/08 02:25 PM
The mid peninsula market is driven by job growth and limited land. More to the point, in order for new construction to take place it is typically necessary to tear down an existing structure. This makes new construction expensive. As the demand for housing continues with job growth and population growth our … (0 comments)
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market conditions: The Upside of the Down Market - 06/06/08 10:51 AM
Amidst all of the doom and gloom, there are still some bright spots in the real estate market. In fact, the current market offers some opportunities and benefits, the likes of which have not been seen in years.
Price Corrections
Median prices have fallen by -8.0% on average, in … (3 comments)
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market conditions: To stage or not to stage (2) - 06/05/08 06:13 PM
After posting yesterdays blog about staging, I showed a house today that had a serious case of beige, low wattage light bulbs and an overall dreary feel. This house is a strong value and despite being in a good location on a solid street, it has been on the market for … (0 comments)
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market conditions: List to Sale Price - May - 06/05/08 04:45 PM
When looking to buy or sell real estate, it is important to know how the asking price (list price) compares to the sale price. Here is the information in Southern Scottsdale for May:
Average List Price: $274,963
Average Sale Price: $257,147
The average home in Southern Scottsdale sold for 6.5% less than … (0 comments)
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market conditions: Phoenix Real Estate Blog: Renovating to Get an Edge -- Tips to Keep in Mind - 06/05/08 04:01 PM
Sellers are going to great lengths these days to get an edge in the market. They’re now competing with homeowners doing short sales and banks selling foreclosed properties. So what’s a seller to do?
For a complete list of tips on how to sell in a slower market, check out … (0 comments)
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market conditions: Phoenix Real Estate Blog: “Dear John” concept adapted for real estate - 06/05/08 03:58 PM
An article today in the “Your Money” section of the New York Times, “Letters from the Home front: A Real Estate Deal Seen from 2 Sides,” by Ron Lieber, offered something I’d honestly never heard of before: a letter from a prospective buyer to the home’s seller explaining why the seller … (1 comments)
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market conditions: Phoenix Real Estate Trends: You give me yours and I’ll give you mine – trading houses - 06/05/08 03:54 PM
An article Sunday at MyrtleBeachOnline.com talked about a new trend in real estate: house swapping. Well, maybe not too new, but growing, according to the article.
On one popular house-trading site, DomuSwap.com, there are currently 389 listings in Arizona. Not surprisingly, the states most affected by the real estate … (0 comments)
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market conditions: When Buying Means Selling First - 06/04/08 02:26 PM
The need to sell a home before you can buy is not uncommon and often, a daunting experience for homeowners. It is human nature to want to move ahead to the exciting prospect of finding that perfect new home.
However, there are two facts that you need to consider:
the real … (2 comments)
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market conditions: The average home in Southern Scottsdale - May - 06/04/08 02:09 PM
Anyone looking to buy or sell a home in Southern Scottsdale would probably like to know what they are selling for.
The following is the average sale price for a single family / detached home in Southern Scottsdale in May 2008:
Square Footage: 1677Bedrooms: 3Bathrooms: 2Sale Price: $285,119
And here is … (0 comments)
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market conditions: May 2008 Real Estate Market Conditions Black Hawk/Piedmont, South Dakota in the Black Hills - 06/04/08 02:40 AM
During the month of May, 2008 there were 25 new residential listings in and around the Black Hawk and Piedmont area compared to 25 in April. The total # of homes for sale is 116 compared to 101 in April. 13 homes have sold or are under contract compared to 16 … (0 comments)
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market conditions: Real Estate Update - June 2008 - 06/04/08 12:47 AM
… (0 comments)
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market conditions: The end is near! - 06/03/08 05:34 PM
Here is a chart showing the average home price in Southern Scottsdale over the last year:
In May '07 the average price was $303,242, while in May '08 the average price was $252,754. That is a drop in value of about 17% over the last year. I believe it … (0 comments)
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market conditions: How is the market in Sydney Harbour? - 06/02/08 09:57 PM
The following data has been provided by the Houston Association of Realtors® as of June 2nd, 2008 regarding Sydney Harbour market conditions.
There were 16 single family homes sold since January 1st, 2008 with prices ranging from $262,000 to $285,00; averaging $168.62 per square foot.
Currently there are 34 active available single family … (0 comments)
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market conditions: Sales activity over the last 8 years. - 06/02/08 04:04 PM
Here is a chart of the number of home sales in Southern Scottsdale each month over the last eight years:
As you can see, there is an interesting trend as home sales go down at the end of each year. This is very common in the industry, as demand for real … (0 comments)
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market conditions: Market Conditions in Lake Forest, California - June 1, 2008 - 06/01/08 06:32 PM
Based on the levels of inventory, it looks like we are shifting back toward a seller's market! When the ratio of active listings to sales, or new escrows gets down below 6 months, it has generally been considered a market that favors sellers. This doesn't mean that prices are likely to … (3 comments)
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market conditions: Lake Arrowhead Real Estate: Monthly Statistics (May 2007 vs. May 2008) - 06/01/08 12:18 AM
This post deals strictly with ARROWHEAD WOODS May 2008 statistics as compared to the prior year's activity for the same month. This report is for single-family residences only and does not include lakefront homes, condos or lots. We are tracking information regarding new listings and properties sold. We are also looking at some … (1 comments)
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market conditions: Westlake Village, CA- Historical Sales Data from Carol Lee, Coldwell Banker Westlake - 05/31/08 02:15 PM
WESTLAKE, CA- HISTORICAL SALES DATA-Brought to you by CAROL LEE, AGOURA, OAK PARK, WESTLAKE VILLAGE CA REAL ESTATE
I seem to be in a major numbers crunching mood these days. Which is surprising, given that I am a people person, not a numbers person. but there continues to be … (3 comments)
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market conditions: Sellers DETACH! - 05/30/08 06:51 PM
Although Austin isn’t seeing the horror of many other markets (like southern California), the nervousness and hesitation of Austin’s buyers still has us in a buyer’s market. So in a buyer’s market, what should you do differently, as a seller?
One of the best things a seller can do … (0 comments)
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market conditions: May is lookin' good. - 05/30/08 04:53 PM
Well, the month is not over yet, but I figured I would run the numbers anyway. Currently, May is showing 100 properties sold in Southern Scottsdale. Compare that to April which had a total of 103 for the month. Taking into account that not all sales are in for the month … (0 comments)
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market conditions: The 'When' - 05/30/08 11:10 AM
An age old dilemma that has perplexed many of the greatest business minds to ever walk the earth is a question that can be summed up in one word: ‘When?' When will the bubble burst, When will the market peak? When will the market bottom out? When will we know if … (0 comments)
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market conditions: Has Upstate New York Escaped the Housing Crisis? - 05/29/08 09:04 PM
In December of 2007, I was telling my clients that our region was not affected by the housing crisis, as I have not been aware of any speculative investing during the past 5 years and 99% of the buyers I have served, utilized 30 year fixed mortgages for their financing. I felt that the … (7 comments)
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market conditions: Days on the Market - 05/29/08 03:32 PM
I ran the numbers on the average amount of time it takes to sell a home in Southern Scottsdale.
Of the homes that sold in April, 2008, the average time on the market was 124 days, or 4 months.
Remember, these are the homes that did sell. There are currently more … (0 comments)
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market conditions: The State of the Current Rutherford County, NC Real Estate Market - 05/29/08 11:57 AM
After a typically slow winter season, the Rutherford County, NC real estate market looks poised to be a buyer's market for Summer 2008. With inventory of listed properties up 56% over the last 2 years while the number of closed transactions down 18% over the same time, this creates a … (2 comments)
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market conditions: Listing At Appraisal Value - Good Idea In Gwinnett County? - 05/29/08 06:17 AM
As Realtors "we" can list your home for whatever "we" want. Why else are there so many homes on the market? Most of them were priced incorrectly. So in order to say "I can only price it at appraisal", first, I have to have a valid appraisal. An appraisal from a … (1 comments)
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market conditions: Selling my own home. - 05/28/08 10:15 PM
My home sold 19 days after being listed. I was pleased but not surprised. Why? Because I spent the past year getting the home ready to show and the 1.5 acres of gardens ready for harvest. I also did a market analysis of the homes with similar acreage and houses within … (7 comments)
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market conditions: Market Conditions in Rancho Santa Margarita - 05/28/08 05:44 PM
The short sale condition in South Orange County continues to have a severe impact on our market and on prices. Until some of the Bank Owned and Short Sale inventory diminishes - we will continue to have pressure on prices.
That being said, you can see from the following graphes that … (0 comments)
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market conditions: Want a foreclosed property? Be prepared to wait... - 05/28/08 04:58 PM
I hear it from every client, "Waiting is the worst part." I'm told this after we write up the offer and give the seller two days to respond. Yet when it comes to a lender owned (or REO) property, the whole process is a waiting game. Have a problem with the inspection … (0 comments)
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market conditions: Hyde Park Tampa Real Estate market conditions: April 2008 - 05/28/08 04:56 PM
Jeanne, Liz, and Scott Wolfe continuously monitor Hyde park real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Hyde park real estate statistics for April this year for all Hyde park property sales. The following includes information for Hyde park located in South Tampa, FL. Area code 33606.
Total homes on the market: 55 Trend up from … (0 comments)
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market conditions: Coming Out of the Gloom Closet: Housing Affordability Best in Four Years!!* - 05/28/08 02:19 PM
Some brave financial analysts are coming out of the gloom closet. The chief economist for the Cleveland-based bank National City Corp (NCC, Fortune 500), Richard DeKaser, said that "housing valuations are almost back to long-term norms." 'Valuation' is defined as the difference between what a home should cost and its actual … (1 comments)
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market conditions: Timing the Market or When to Sell? - 05/28/08 10:49 AM
Now is the time to sell. If this was the stock market you would execute a stop loss order and lock in your profit before the price per share fell further. But this is the real estate market and not the stock market so it is not as simple as calling … (0 comments)
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market conditions: Get Your House Ready to Show to Buyers - 05/27/08 10:33 PM
Get Your House Ready to Show to Buyers
A house that "sparkles" on the surface will sell faster than its shabby neighbor, even though both are structurally well maintained.
From experience, REALTORS® also know that a "well-polished" house appeals to more buyers and will sell faster and for a higher … (0 comments)
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