Farmington, MO Market Statistics for 10/05/09-10/11/09

By
Real Estate Agent with STL Buy & Sell Real Estate Services 2006005375



The Farmington area has much to offer from beautiful, restored Victorian Homes to modern, new construction. Our area offers many events and destinations to visit. Among our many events and destinations, we have several wineries, golf courses, shopping, restaurants, and boutiques which always make for a great visit or stay. Currently, the Farmington area offers 227 homes for sale. This is the same as the previous week with 8 homes still pending closing.

DON'T FORGET...................
TAKE ADVANTAGE OF THE $8,000 FIRST-TIME HOMEBUYERS TAX CREDIT
WHICH IS SET TO EXPIRE ON DECEMBER 1ST!

Residential


            Active Listings              
                      Units                              227
                Avg. List Price:      $170,122 
                     Avg. DOM                     141


        Pending Sales
                Units                                  8
                Avg. List Price:      $106,675
                Avg. DOM                              76

        Solds
                Units                                  5
                Dollar Value          $500,000
                Avg. List Pice        $103,480
                Avg. Sold Price     $100,000
                Avg. Market Time            54
                Avg. % of List Price     96.64

Properties are still moving in our area and we have seen a great increase in showings as well as offers written. Buyers, please do not wait on the fence any longer. The market is not a game and none of us can predict when home prices will start to rise or fall. I can tell you from speaking with other REALTORS, more and more people are looking and getting reay to buy. Don't keep waiting for the market to drop more so you can get a better deal. If you are waiting for tomorrow's better deal, you will miss today's great deal which is usually better than tomorrow. If you have any questions, feel free to call Tom Hernandez at 573-210-8606, visit my website http://www.tomworks4u.com/, or email me at tom.hernandez@century21.com. Thanks and have a great day!

 

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Rainmaker
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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

How true now is the time to buy-the buyers do need to get off the fence before all the deals are gone. Buyers don't wait too long.

Oct 12, 2009 04:11 AM #1
Rainer
15,199
Thomas Hernandez
STL Buy & Sell Real Estate Services - Saint Peters, MO

Pat, Thank you for your response. Buyers do need to act and very soon. If the federal government does extend the tax credit, it looks as though it may only be for 6 months. Waiting now could prove detrimental later.

Oct 12, 2009 04:20 AM #2
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Rainer
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Thomas Hernandez

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