The race to the finish is nearing an end. Buyers interested in the homebuyer tax credit are now under contract and have closed or will close by the end of June. As the insanity winds down a bit, it gave me a moment to pause and consider what type of sales I closed since the last week of March.
Closed 23 transactions in just over 2 months of April and May.
What types of sales were they?
- Regular listings with sellers who could afford to go to closing? 10
- New Construction: 3
- Land: 2, one of which was a foreclosure lot in distressed subdivision
- Foreclosures: 4
- Short sales: 4
40% of closed transactions were distressed properties.
What type of buyers:
- First time homebuyers: 10
- Move up buyers: 3 (involved in 6 total transactions)
Almost 70% of transactions involved a buyer/seller receiving a tax credit.
There are 3 more short sales under contract with first time homebuyers wanting to close by the deadline. It is doubtful at this point that they will close in time. Very sad as a couple of these have been waiting since the first of the year.
Now we can only hope that the jump start will continue.
HOMES IN NORTHWEST FLORIDA ARE SELLING!
If you are looking to buy or sell a home in Northwest Florida, please don't hesitate to call me.
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