WELCOME TO REAL ESTATE NEWS AND TRENDS FOR THE NAURE COAST FOR THOSE OF YOU WHO FOLLOW THESE MONTHLY REPORTS, GOOD NEWS, THEY WILL NOW BECOME WEEKLY REPORTS. I HAVE SUCH A HIGH DEMAND FOR INFORMATION ON A WEEKLY BASIS BEING REQUESTED FROM SELLERS AND BUYERS FORM ALL OVER THE COUNTRY THAT I WILL BE UPDATING THIS BLOG EVERY MONDAY. This week in Hernando County has been very busy. Between the week of 2-06-2007 and 2-12-2007 the totals are: All Homes(manufactured, block, frame) Sold: 27 2 bedroom, 15 sold. Closed @95% of the list price. 3 bedroom, 10 sold. Closed @94% of list price. 4 bedroom, 1 sold. Closed @88% of list price. 1 condo/townhouse sold. @ 89% of list price. Average days on market 118 days. 16 sold with conventional lending 7 sold for cash 3 Private money 1 Seller Financing | Vacant Land Sold: 2 Closed @80% of the list price. Average days on market 89 days. | Team Bennett Exit Success Realty Homes Sold Report - Real Estate Trend Indicator | | TeamBennett | | Start Date: | 02/06/2007 | | "TWO AGENTS ALWAYS WORKING FOR YOU" | End Date: | 02/12/2007 | | Office: 352-796-4445 | | | | | Cell 352-585-6596 585-6597 |
| | Selling Price Range | Closed Single-Family Units Number of Bedrooms | Condos / Townhomes | | | From | Through | -2 | 3 | 4+ | All | Total | Avg DOM | | 0 | 19999 | | | | | | | | 20000 | 29999 | | | | | | | | 30000 | 39999 | | | | | | | | 40000 | 49999 | 1 | | | | 1 | 108 | | 50000 | 59999 | | | | | | | | 60000 | 69999 | 2 | | | | 2 | 150 | | 70000 | 79999 | 1 | 1 | | | 2 | 332 | | 80000 | 89999 | 1 | | | | 1 | 64 | | 90000 | 99999 | | | | 1 | 1 | 299 | | 100000 | 119999 | 2 | 2 | 1 | | 5 | 89 | | 120000 | 139999 | 3 | 1 | | | 4 | 108 | | 140000 | 159999 | 3 | 1 | | | 4 | 93 | | 160000 | 179999 | | 2 | | | 2 | 90 | | 180000 | 199999 | | | | | | | | 200000 | 249999 | | | | | | | | 250000 | 299999 | 1 | 1 | | | 2 | 127 | | 300000 | 399999 | | 2 | | | 2 | 34 | | 400000 | 499999 | 1 | | | | 1 | 16 | | 500000 | 999999999 | | | | | | | | | Total= | 15 | 10 | 1 | 1 | 27 | 118 |
| | Price by Bedrooms | | | -2 | 3 | 4+ | Apt/Condo/Co-op | Total | | Sell Price Volume | $2,125,720 | $1,920,000 | $115,000 | $94,000 | $4,254,720 | | List Price Volume | $2,231,000 | $2,028,450 | $129,900 | $105,000 | $4,494,350 | | Avg Sell Price | $141,714 | $192,000 | $115,000 | $94,000 | $157,582 | | Avg List Price | $148,733 | $202,845 | $129,900 | $105,000 | $166,457 | | List/Sell/Ratio | 95% | 94% | 88% | 89% | 95% |
| | Days on Market for Units Closed | Types of Financing for Units Closed | | From | Thru | Units | Type Financing | Units | Type Financing | Units | | 0 | 30 | 4 | Conventional | 16 | CTM | 1 | | 31 | 60 | 5 | Cash | 7 | Seller | 1 | | 61 | 90 | 4 | VA | 1 | Private | 1 | | 91 | 120 | 4 | | | | | | 121 | 180 | 5 | | | | | | 181 | 365 | 4 | | | | | | 366 | 720 | 1 | | | | | | 721 | 99999 | | | | | | | Total = | 27 | | | | |
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According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was 6.24 percent in November, down from 6.36 percent in October; the rate was 6.33 percent in November 2005. "This is increasing buying power at the same time that sellers are showing a willingness to negotiate price and terms. Combined with a plentiful supply of homes on the market, there's a window for buyers now with conditions that we haven't seen prior to the beginning of the housing boom in 2001."
The National Association of REALTORS®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.
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