market watch report: Evansville Real Estate News Letter for December 2014 - 12/16/14 11:58 PM
Market Watch December 2014
 
I realize that Thanksgiving has passed us this year but I wanted to mention several real estate specific results and other factors for which we should all be thankful.
 
Although 2014 is not yet finished, our local market is certain to close more real estate volume than we did in 2013 and that is on top of the huge recovery we made in 2012.  In fact, our multiple listing service will close more dollar volume in sales than the previous year for the 4th consecutive year and sales volume will be 36% higher than it was … (0 comments)

market watch report: Evansville Real Estate News Letter for October 2014 - 10/17/14 12:39 AM
Market Watch October 2014
     I have a lot of interesting information and statistics for this month’s Market Watch, but before I start that discussion I think I should share some basic real estate concepts.  First, basic economic concepts apply to real estate.  For example, increased supply results in decreased demand, which lowers prices.  Conversely decreased supply results in increased demand, which increases prices.  The catch to this basic principle is that other factors such as the general state of the economy, the job market, interest rates and consumer optimism also affect prices as well as buyers and sellers desire … (0 comments)

market watch report: Evansville Real Estate News Letter for July 2014 - 07/28/14 01:14 AM
The halfway point of the year is a good time to see where we are this year compared to last year.  Before we look at this year compared to last I think it is important to remember how strong last year was.  Both unit sales and dollar volume increased over 21% last year.  This was by far the biggest year over year increase we have ever had.  It is not surprising that our results this year have been much more mundane.  Unit sales this year have declined by 6.3% while average prices have increased just over 2%.
 
     While I … (0 comments)

market watch report: Evansville Real Estate News Letter for May 2014 - 05/08/14 11:37 PM
                                    Market Watch May 2014
As you may be able to tell from your allergies, spring has certainly sprung in Southwestern Indiana.  The real estate market is heating up right along with the warmer temperatures.  We are witnessing a significant increase in sales activity and anticipate that will continue through the spring.  Lawrence Yun, the chief economist for the National Association of Realtors, said a gain was inevitable, following a dismal winter.  (We certainly agree here!) On a national level, showing activity is increasing and … (0 comments)

market watch report: Evansville Real Estate News Letter for April 2014 - 04/01/14 04:36 AM
Market Watch April 2014
     Winter is over.  Spring has arrived.  For real estate specifically it has been a rough few months. The big question is what happens now?   Although 2013 was a fabulous year in our market, the market really slowed at the end of October.  The market did not compare favorably to the preceding year’s sales figures over the winter months.  This was not just a local phenomenon but was consistent on both a national and statewide level.  Nationally pending sales have declined for 6 of the past 7 months when compared to the preceding year.  Statewide the story … (0 comments)

market watch report: Evansville Real Estate News Letter for January 2014 - 01/22/14 02:21 AM
Market Watch January 2014
Before we talk about 2014, I think this is an excellent time to compare the real estate market in 2013 to the previous year.  My ulterior motive is that from virtually any perspective 2013 was a great year!
Unit sales in our market increased just over 10% from 2012 to 2013, while the median price increased 2.2% over the same time frame.  While these increases did not improve quite as much as our statewide increases of 13.6% in units and 4.2% in median sales price this was still an excellent year.  If you remember Market Watch from … (0 comments)

market watch report: Evansville Real Estate News Letter for November 2013 - 12/02/13 12:03 AM
Market Watch
Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), recently gave his annual forecast for home sales for 2014. Dr. Yun has been the chief economist for NAR for several years and was recognized last year by USA Today as one of the top 10 economists in the country.
His estimate for sales of existing homes in 2014 is 5.12 million homes, virtually identical to 2013’s 5.13 million sales. He expects new home sales to reach 508,000 in 2014 compared to 429,000 in 2013. This forecast says total sales will be essentially identical to last year. Although … (0 comments)

market watch report: Evansville Real Estate News Letter for September 2013 - 09/09/13 05:07 AM
 
MARKET WATCH
 
There are a lot of positive things to discuss about real estate in this month’s Market Watch, both locally and nationally. Although from both perspectives the news is good, the news is not necessarily the same.
According to Lawrence Yun, chief economist for The National Association of Realtors, sales prices nationally are 13.7% above last year’s levels. Prices are still 7.3% below their all time high (July 2006). Days on market data is more difficult to obtain accurately but best estimates are in the 60-70 day range. There is currently a 5.1 month supply of homes … (1 comments)

market watch report: Evansville Real Estate News Letter for July 2013 - 07/30/13 01:00 AM
Last month I said I would make this month’s Market Watch a comparison of the first six months of 2012 to the first six months of 2013. I knew this would be fun because by every measure, the first six months of 2013 have been better than the first six months of 2012.
Number of sold homes increased from 2095 units to 2390 units é 14.1% Average sales price increased from $125,838 to $131,171 é 4.2% Dollar volume of closed sales increased from $262.1 million to $310.8 million
é 18.6% List price to sale price ratio increased from 95.40% to 96.36% … (0 comments)

market watch report: Evansville Real Estate News Letter for May 2013 - 05/30/13 04:39 AM
Market Watch
Although home sales have improved across all regions of the country, including our local market, I believe there are some subtle differences in both the results and the reasons. First, from a national perspective, existing home sales increased again in April to an annualized rate of almost 5 million homes. This is up 9.7% from the same time last year. According to the National Association of Realtors (NAR) median sale prices for existing homes were up 11% in April compared to April of 2012. Nationally foreclosures and short sales accounted for 18% of sales in April, down significantly from … (0 comments)

market watch report: Evansville Real Estate News Letter for April 2013 - 04/23/13 02:34 AM
Market Watch   Over the past few months, I have been pretty optimistic about real estate sales. I have shared statistics based on local information to support my opinions. This month I’m going to share some national and statewide information that demonstrates that the real estate market has indeed shifted into high gear. First on a national basis, according to the S&P/Case-Shiller composite index, average sale prices have increased 8.1% over the past year. In addition, the housing price index posted its largest gain in the last seven years from January 2012 to January 2013. I have spoken to several Realtor … (0 comments)

market watch report: Evansville Real Estate News Letter for March 2013 - 03/11/13 04:51 AM
Market Watch   This month I want to recap the local real estate market in 2012 compared to 2011. This is especially easy since our market improved in virtually every category last year. The easy place to start is closed transactions. Our BLC (broker listing cooperative, which used to be called MLS) closed 4,387 home sales last year up 8.83% from 2011. The median sales price increased 4.4% increasing our average sales price to $125,971. Days on market decreased 11.3% compared to 2011 but is still higher than I like, at 105 days. The big news, which I have mentioned frequently … (0 comments)

market watch report: Evansville Real Estate News Letter for October 2012 - 10/15/12 03:07 AM
                                                                        Market Watch
 We are three quarters of the way through the year, sold units through September are 5% ahead of last year and, the median sale price is up 3.3%. Sales this year have exceeded those in the corresponding month last year in 7 of 9 months. Unfortunately, September was one of those two months. I am confident that there is a valid reason for this decline. I have felt for a long time that contested Presidential elections have a short-term, negative impact on real estate sales. Earlier this month I saw a national survey that confirmed my thoughts. According to … (0 comments)

market watch report: Evansville Real Estate News Letter for August 2012 - 08/22/12 04:46 AM
Market Watch This month’s Market Watch is about mortgage financing and how it affects the housing market. We all know that our country suffered a terrible recession just a few years ago. Although we don’t hear as much as we used to no one disputes that the primary cause of the recession was mortgage loan defaults caused by lending standards that were far too lenient. The Federal Government, primarily through Fannie Mae and Freddie Mac not only loosened lending standards but in many instances mandated, through the guise of the Community Reinvestment Act, that mortgages be extended to unqualified buyers. In … (0 comments)

market watch report: Evansville Real Estate News Letter for July 2012 - 07/17/12 01:01 AM
Market Watch   We are halfway through 2012 and I think it is a good time to see where we are this year and compare 2012 to 2011. For the first six months of 2012 our Broker Listing Cooperative, (we used to call this our MLS) has sold almost $260 million of real estate up just over 4% from the preceding year. Homes sold this year have exceeded last year in 5 of the first 6 months and are up almost 5% from last year. In addition the list price to sale price ratio, which is the percentage of list price … (0 comments)

market watch report: Evansville Real Estate News Letter for may 2012 - 05/15/12 04:20 AM
Market Watch Every year the National Association of Realtors (NAR) surveys home buyers and sellers. Last year over 80,000 consumers answered this survey. I use the results of this survey to help understand public perception and my company uses the information when planning marketing efforts. The survey is conducted nationally by NAR and broken down by state. There are always some interesting tidbits and I thought I would share some of this year’s survey results in this Market Watch. First time buyers accounted for 37% of all purchases compared to 50% in the prior year. Only 16% of purchases were of … (0 comments)

market watch report: Evansville Real Estate News Letter for April 2012 - 04/18/12 03:50 AM
Market Watch  
   
Last month’s Market Watch was all about listings. I suggested that based on the way this year’s real estate market has started that we would soon need more listings and that based on virtually any measure, now would be a good time to list your home if you were considering a move. Everything I suggested last month has proven to be true and there are even more reasons to list real estate for sale now.  
We have fewer homes on the market than at any time in 6 years. The month’s supply of homes on … (0 comments)

market watch report: Evansville Real Estate News Letter for March 2012 - 03/19/12 05:12 AM
Market Watch   I have one important message in this month’s Market Watch: If you or someone you know is thinking about selling their house, list it NOW. Seriously, I know that sounds like a Realtor talking but it is also the truth. Let me tell you why. Combined January and February closed transactions are up 5% from last year and up 17% from 2010. The number of homes currently listed is down 10.1% from last year and down 17.6% from 2010. When sales increase, as they have, and listings decrease, as they have, the month’s supply of homes also decreases. … (0 comments)

market watch report: Evansville Real Estate News Letter for February 2012 - 02/23/12 12:00 AM
Market Watch January 2012 closed volume was the best January our market had seen in four years. Closed sales in January 2009 through 2012 have been; 197, 198, 220 and 241. Although January is typically the slowest month of the year for real estate closings this 9.5% increase in 2012 following the 11.1% increase in 2011 suggests that our market is showing steady improvement. Our local figures mirror the nation which also had a bump in January volume. Although resale home sales are off to a good start new home construction is still slow. Just a little over 300,000 new homes … (0 comments)

market watch report: Evansville Real Estate News Letter for January 2012 - 01/16/12 03:37 AM
MARKET WATCH   We have started a new year and it’s a great time to compare 2011 to 2010. In our market we sold 9 fewer homes in 2011 compared to 2010 (3999 vs. 3990). The average price of the homes sold was 2% higher than the previous year. 2011 average sales price was $125,697. Total sales volume was up 1.8%. None of these statistics sound very exciting but I am pleased with the direction of the market. Our market has improved and there are other items that bode well for the future. I have mentioned shadow inventory in previous Market … (0 comments)

 
Rolando Trentini (F.C.TuckerEmge Realtors, LLC)

Rolando Trentini

Evansville, IN

More about me…

F.C.TuckerEmge Realtors, LLC

Address: 7820 Eagle Crest Blvd., Evansville, IN, 47715

Office: (812) 479-0801

Mobile: (812) 499-9234

About Me The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!


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