billings montana real estate: If Ever the Mistake of Overpricing Was Obvious, It Sure Is NOW!
- 10/13/10 09:31 AM
I've heard, and understood for years that when a home starts out overpriced, it usually either doesn't sell, or it sells for less than what it would have sold for, if priced right to begin with. Did I loose anyone there? This was the REALTOR TALK on our office tour to various homes today. Our local real estate market in Billings Montana is just really odd right now. only a little over 40% of listed homes sell open house traffic is pretty slim, doesn't seem to be bringing out real buyers, just tire kickers homes that have been on the market … (10 comments)
billings montana real estate: I had to ask, what's behind that door?
- 10/06/10 09:42 AM
My old boyfriends she says! Too funny! Every Wednesday my partners and I try to tour some of the homes for sale in our Billings Montana area. This touring excursion usually begins after our office meetings and ends up with lunch somewhere on the town. I always take my camera, because I know I'm gonna run into some feature that I really like, or some staging or decorating idea that I think speaks "buy me". Today was a real treat. A local Realtor has her home on the market. She's one of those people who just has a talent for renovating, … (9 comments)
billings montana real estate: Billings Montana Real Estate Market Activity Index, Area 5, July 11, 2010
- 07/12/10 04:25 AM
Today's Real Estate Market Activity in the Briarwood, Blue Creek and Duck Creek Area shows that 14% of the current listings are under contract. In the last 90 days, 10 homes have sold, that's 3.3 per month. The total number of unsold home right now in this area is 76. In order to close all of the homes on the market today, it would take about 23 months at the current rate. That's a long time. Some price ranges are better than others. Now let's talk prices of homes on the market in Area 5: $202,000 the average price of … (0 comments)
billings montana real estate: South Billings Montana Real Estate Market Activity July 8, 2010
- 07/08/10 11:56 AM
27% of the homes for sale on the Billings South Side are under contract, and that's a pretty good number! The Active listings without an accepted contract average listing price is $127,000 The Pending listings which have an accepted contract, have an average listed price of $172,000!!! The Contingent listings which have an accepted contract, have an average listed price of $122,000 About 9.3 homes have been closing per month over the last 90 days in Area 4, South Billings Montana. At that rate, it would take 6.6 months to sell the available inventory. A balanced market is somewhere between 5 … (1 comments)
billings montana real estate: Lockwood and Emerald Hills Area 3 Market Activity Index July 8, 2010
- 07/08/10 02:55 AM
About 14% of the homes for sale in the Lockwood, Emerald Hills area of Billings Montana have an accepted contract at this time. This amount of inventory seems a bit high right now, and most of the unsold inventory is much higher than what's under contract: The average listed sales price for this area right now is $271,000 The average listed sales price for the 1 pending sale is $37,000 The average listed sales price for the 5 homes under contract with contingencies to meet is $159,000 If we look at the rate of sales for the last 90 days, which … (2 comments)
billings montana real estate: Billings Montana Real Estate Market Activity Index, Area 1, July 6th, 2010
- 07/06/10 12:57 PM
What's happening in the Billings Montana Residential Real Estate Market today July 6th 2010? We have about 115 homes for sale that average about $214,000. We have 14 homes that have contracts to close that are in the pending stage, they average about $201,000. We have 19 homes that have accepted contracts to close in the contingency stage, they average about $205,000.
When we look at the local market here in the Billings Heights Area 1, West of Main Street, it looks like the Activity Index is about 23% (the percentage of homes for sale that are under contract of … (0 comments)
billings montana real estate: Price reductions in Billings Montana Real Estate Market
- 05/22/10 03:25 AM
I'm always on the lookout for properties that I think deserve a second look. Price reductions Long listing period, multiple listing periods without a sale Homes that have been under contract, and the contract fell apart so the home returns to the market
To search properties in the local Billings Montana area that have had price reductions, just click the search windmill and you'll be taken right to the list. There is not a shortage of ready, willing and able buyers in Billings, but there may be a shortage of well priced homes, that show well in … (2 comments)
billings montana real estate: If the home you want in Billings Montana is a fixer upper, you may be a 203k prospect
- 05/16/10 09:09 AM
Homes that need some fixing up are great deals for buyers, but how do you finance the repairs? One option is 203k FHA Standard or Streamline loans. In Billings Montana I've had several buyers lately that found a great home, at a bargain price, but the home needed too many repairs. Often the seller's of these homes are in a short sale or foreclosure position or just financially unable to get the repairs completed in order to close. Some lenders are still doing hold-backs for financing repairs, and others have stopped this practice almost completely. Some sellers are so strapped for … (1 comments)
billings montana real estate: Snapshot of Home Sales for one 30 day period over the last 5 years in Billings Montana
- 04/18/10 09:52 AM
Last spring home sale closings in Billings Montana were about down about 40 homes from the previous 3 years for the period of April 15 to May 15. I just wanted to take a look at the last 5 years volume for one 30 day period. This is data sampling just to help folks get a feel for what's happened in the recent past. We have an uptick in volume of "under contract" homes right now. Some would attribute this to both the first time home buyer's tax credit and the tax credit of $6,500 for those who have a 5 … (0 comments)
billings montana real estate: Will the value of a small acreage home increase if the subdisivion paves their roads?
- 04/15/10 04:53 AM
Will the value of the Real Estate go up if a small acre subdivision paves their roads? Gravel and dust verses clean and smooth Less wear and tear on vehicles verses teenagers testing the gears in their parents tires Road grading maintenance and fees for this verses cost of getting the paving done along with occasional upkeep From a value standpoint, I think when a road in a subdivision is paved, it does enhance the saleability of the homes in that subdivision. Keeping in mind that in our area, Billings Montana, only about 50% of the homes that are listed, … (2 comments)
billings montana real estate: 3141 Lynn Ave. Billings Montana $160,000
- 09/18/09 09:07 AM
1460 square foot 3 bedroom 2 bath rancher on the west end of Billings Montana. Over 11,000sf landscaped and underground sprinkled lot with mature landscaping and fenced. Good sized kitchen, living and dining rooms. This home shows it's been well maintained over it's years. Call for your personal showing 406-698-8640
… (1 comments)
billings montana real estate: Real Money For Down Payment--Real Home Ownership
- 08/24/09 02:16 PM
What Does That Mean? You'll defend your home from fire, wind, rain and FORECLOSURE!!! I just read an article in the Wall Street Journal that revealed a terrible stat: Of the people who are behind in their mortgage payments only 6.6% of them will get things caught up and keep their home! That's down from 45% in the very recent past 6 years from 2000 to 2006! Seems some of those who are behind have either real hardships, such as job loss, or other personal tragedies; but a great many people are upside down in their home value and they would … (0 comments)
billings montana real estate: Beautiful Home But The Stairs Are Like Climbing A Ladder!
- 03/16/09 11:19 AM
Really nice home, but the builder made a big mistake by not planning for reasonable risers and treads for the stairs to all of the bedrooms! One of the showings I had this past week included a wonderful home in an upscale rural subdivision in a beautiful river valley south of Billings Montana. The 17 acres are just perfect, the road is paved all the way to the garage! The home is less than 10 years old. We headed up to the bedrooms on the upper level and felt like we were climbing a ladder! The treads were way too … (6 comments)
billings montana real estate: Upsize, Downsize, Refinance? Check My Crystal Ball
- 01/28/09 11:31 AM
Not too long ago, ok maybe a long time ago (35 years seems like just a while back), my MOther In Law had a 6.25% 30yr fixed mortgage on her home. I said "don't ever pay that off, you won't get money any cheaper", the going interest rate on a new home loan was somewhere in the vicinity of 12%. This is a new day. The lenders are shouting with joy right now, because after being called the scum of the earth for helping people get into toxic loans (not the case around here, 3rd lowest rate of foreclosure), they are … (2 comments)
This is where I write updates and information about Montana Living. Sometimes you'll see Real Estate stuff (my business) and sometimes you'll see Montana Local Events, Montanaisms and what I see and do when I travel around our state.
You will definitely see stuff about huckleberry picking, a family tradition, and quilting, my personal passion.
I've heard, and understood for years that when a home starts out overpriced, it usually either doesn't sell, or it sells for less than what it would have sold for, if priced right to begin with.
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